Corporate

Nio's 2-day plunge stretches to 24% as electric-vehicle stock momentum slows

4 days ago   |   By Business Insider

STR/AFP via Getty Images
Nio shares fell as much as 18% Tuesday, extending their two-day loss to 24%.
The company is one of several electric-vehicle makers to see sharp two-day declines.
Tesla specifically has led a broader sell-off in tech stocks.
Visit the Business section of Insider for more stories .
Nio stock slid as much as 18% on Tuesday, extending the electric-vehicle maker's two-day skid to 24%. The company has been swept up in a broader industry sell-off led by larger rival Tesla. Shares of both company are being pulled back alongside other technology stocks as investors evaluate...
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Tesla's extends 2-day plunge to 17% as epic rally takes a breather

4 days ago   |   By Business Insider

Elon Musk
Getty Images / Bill Pugliano
Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world's richest person. Tesla's latest slump follows confusion over Model Y availability and risk from plummeting bitcoin prices. Watch Tesla trade live here. Investors continued to dump Tesla in early Tuesday trading, dragging shares to their lowest level since late December. The automaker sank as much as 9%...
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