Why NIO Stock Is Up Again Today

Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were up sharply on Tuesday afternoon, as investors continued to react positively to an upbeat June sales report.

As of 2 p.m. EDT, NIO's American depositary shares were up about 12.9% from Monday's closing price and up 68.3% since the beginning of July.

Last Thursday, right before the U.S. holiday, NIO released its June sales numbers, and investors were impressed. NIO delivered 3,740 vehicles in June, up 179% from a year ago and its best monthly total ever, and capped off its best quarter ever with 10,331 vehicles sold, up 191% from last year.

Source Fool.com