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Benzinga
Benzinga
World
Navdeep Yadav

Nio Says Short-Seller Report 'Misleading, Speculative' As Stock Slides 10% In Hong Kong

NIO Li Hong Kong Nasdaq NYSE Nio Inc Tesla Inc. Grizzly Grizzly Research

Tesla Inc (NASDAQ: TSLA), rival Chinese EV maker Nio Inc (NYSE: NIO), refuted short-seller bearish claims on its stock that alleged the company of inflating its revenue and profitability.

What Happened: On Tuesday, Grizzly Research published a report that claimed Nio is likely using an unconsolidated related party, Wuhan Weineng, to exaggerate its revenue and profitability.

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