Shares of Nio Inc.
NIO,
-2.83%
dropped 5.7% in premarket buying and selling Tuesday, to buck the rally within the broader inventory markets, as Tesla Inc.’s
TSLA,
-1.76%
extension of its manufacturing suspension at its Shanghai plant appeared to weigh on China-based electrical car makers. The inventory’s selloff places it on monitor to open on the lowest costs seen since Nov. 28. Among different China-based EV makers, shares of XPeng Inc.
XPEV,
-7.11%
shed 1.2% and Li Auto Inc.
LI,
-8.13%
sank 2.1%, whereas Tesla’s inventory gave up 4.8%. Meanwhile, futures
ES00,
+0.48%
for the S&P 500
SPX,
+0.59%
rose 0.5%, whereas the Shanghai Composite Index
SHCOMP,
+0.98%
jumped 1.0% in a single day.
2022-12-27 07:22:00 Nio inventory drops after Tesla halts manufacturing in Shanghai
Article from www.marketwatch.com