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Benzinga

Business

Adam Eckert

Why Nio Stock Dipped Today

NIO Grizzly Research Nio Inc

NIO Inc (NYSE:NIO) shares are trading lower Tuesday after Grizzly Research issued a bearish report on the Chinese EV maker titled, "We Believe NIO Plays Valeant-esque Accounting Games to Inflate Revenue and Boost Net Income Margins to Meet Targets."

The report claims that Nio is likely using an unconsolidated related party, Wuhan Weineng, to exaggerate its revenue and profitability.

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One subscription that gives you access to news from hundreds of sites

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