Nio’s right place, right time may be short-lived, says KatrinaHamlin:
Electric-car maker Nio reported a loss of 9.6 billion yuan in 2018, compared with 5 billion yuan in 2017, the company reported. Revenue grew to almost 5 billion yuan in the same period, their first year of sales.
Nio’s shares were down 11 percent at $9.04 in extended trading after reporting the results on March 5. Car sales in China fell by 2.8 percent in 2018, compared with a year earlier, China's Association of Automobile Manufacturers said on Jan. 14. It was the first time the country’s auto market had contracted since the 1990s.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst reportA report from equity research firm JL Warren Capital says that Tesla is lining up around $2 billion in loans from Chinese banks to build out its Shanghai Gigafactory.
Read more »
Tesla shares fall 4 percent despite China approval of Model 3 importsChinese customs authorities are allowing Tesla to import the company's Model 3 sedans into the country, after reports had said the vehicles were being held due to irregularities, Reuters reported Tuesday, citing sources familiar with the matter.
Read more »
Short-seller Block: Musk should relist Tesla shares in Germany, where he can tell 'mistruths' easierElon Musk isn't being held accountable for his 'mistruths,' and the Tesla CEO should list his company's shares in Germany where regulations are loose, short-seller Carson Block says.
Read more »
What you need to know about the marketsToday’s top business headlines with ChristineRomans before the opening bell on Wall Street: - 10-year anniversary of the bull market - US-China close in on trade deal - Children's Place and Gap to buy Gymboree - Elon Musk teases new Tesla
Read more »
Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
Read more »
Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
Read more »
Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
Read more »
Civil rights icon Rep. John Lewis, Democrats introduce bill to restore Voting Rights ActCivil rights icon Rep. John Lewis and Democrats introduced a bill to restore Voting Rights Act. In 2013, the Supreme Court struck down the Voting Rights Act of 1965.
Read more »