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Benzinga
Benzinga
Business
Henry Khederian

Nio Stock Is Falling Tuesday: What's Going On?

NIO Nio Inc Benzinga Edge electric vehicle
NIO Inc.

Shares of Chinese electric vehicle maker Nio Inc (NYSE:NIO) are falling Tuesday. The stock appears to be taking a pause after last week’s rally that sent shares to new 52-week highs. Here’s what investors need to know.

What To Know: The recent investor enthusiasm in Nio followed the company's announcement of record-breaking vehicle deliveries. Nio announced last week that it delivered 34,749 vehicles in September, a 64.1% year-over-year increase, and a record 87,071 vehicles for the third quarter.

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