Why Kandi Technologies Stock Flopped Today

Shares of Chinese electric-car maker Kandi Technologies (NASDAQ: KNDI) plummeted in Wednesday trading to close 8.8% lower -- then continued to slide in after-market trading. Why?

Perhaps this is a case of buying the rumor and then selling the news.

Kandi has two new cars to sell -- but very few buyers. Image source: Kandi Technologies.

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Source Fool.com