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Why NIO Stock Fell More Than 25% Last Week

TheMotleyFool

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Why NIO Stock Fell More Than 25% Last Week

Chinese electric-carmaker NIO (NYSE: NIO) has been on a tear: The company's stock has gained almost 180% since the beginning of June, as investors hoping to find the next Tesla (NASDAQ: TSLA) have piled into its U.S.-traded American depositary shares.

Sounds great, doesn't it? But take a look at NIO's performance since the beginning of June. Something changed last week.