American depositary receipts of NIO were falling Tuesday after the electric-vehicle maker said it was cutting its delivery outlook for the fourth quarter amid China headwinds. That doesn’t bode well for Tesla
NIO (ticker: NIO) announced in a news release Tuesday that it now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter of 2022, down from previous expectations of 43,000 to 48,000 vehicles.
