the Chinese Tesla collapses on a Grizzly attack!

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(Boursier.com) — Nio loses more than 7% before market on Wall Street after a decline of 2.7% yesterday Tuesday. The Chinese designer of electric vehicles, listed on the American market, is the subject of virulent attacks from Grizzly Research, a short seller who believes that the group is playing “accounting games to inflate its revenues and its net margin in order to achieve goals”. Responding to the report, Nio called the accusations “baseless and containing numerous errors, unbearable speculations and misleading conclusions”. The electric car maker intends to make additional announcements “in due course” and considers an appropriate course of action to protect the interests of its shareholders…


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