Why did Nio's stock plummet?

Fool.com contributor Parkev Tatevosian vs.Nio (New York Stock Exchange)Stock Code(NIO)Stocks were analyzed in the financial statements to determine the reasons for the decline in the stock price.

*The stock price used is the April 12, 2024 p.m. price. The ticker was released on April 14, 2024.

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Parkev Tatevosian, CFA has no position in any of the above mentioned stocks.The Motley Fool holds a recommendation for Nio.The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may receive compensation for promoting his services. If you choose to subscribe through his link, he will earn some extra money to support his channel. His views are his own and are not influenced by The Motley Fool.

Why did Nio stock plummet? This post was originally published by The Motley Fool.