Why Is Nio Stock Soaring Tuesday? - NIO (NYSE:NIO)
Nio Inc. NIO shares were trading higher Tuesday after UBS upgraded the stock and the company moved to ship a new model to dealers.UBS analyst Paul Gong raised his rating on Nio from Neutral to Buy and lifted the price forecast from 8.5.The Chinese electric vehicle maker has begun nationwide shipments of its third-generation ES8 SUV to retail locations in China, positioning vehicles for immediate deliveries once the model officially launches later this week.Also Read: Oklo Stock Is Sliding Tuesday: ...