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Why Nio Shares Tanked Today

TheMotleyFool

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There are many risks associated with buying aggressive growth stocks, and Chinese electric vehicle (EV) maker Nio (NYSE: NIO) certainly qualifies as one. Some specific risks seem to be top of mind for investors today, and as a result, Nio shares were dropping quite a bit. The stock was down more than 7% early in Tuesday's session, and as of 1 p.m. ET, Nio shares still remained down 6.3%.

Names in the EV sector often trade on macro issues, but even on a day when the tech-heavy Nasdaq Composite index is underperforming the broader market, Nio shares are struggling even more. Two concerns specific to Nio may be what have investors jittery right now.

Image source: Nio.

Source Fool.com

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