Shares of Chinese electric car company Nio (NYSE: NIO) gave back 10.4% of its market capitalization Tuesday morning (through 10:50 a.m. ET).

It has only itself to blame.

This morning, you see, Nio announced that it is planning to offer $500 million worth of convertible senior notes due 2029 and a further $500 million worth of convertible senior notes due 2030.  

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Source Fool.com