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5 Cheap Stocks Set to Double This Month

Motley Fool

Why Nio Stock Soared Today

After a muted start to the week, electric-vehicle (EV) stock Nio (NYSE: NIO) popped 4% Tuesday morning as investors tried to look beyond the dismal headlines that hit the stock momentarily on Monday and weighed in on the long-term prospects of the popular EV manufacturer. Investors in Nio were taken by surprise Monday when the China-based EV manufacturer reported a sharp decline in its delivery numbers for October even as arch rivals continued to race ahead. XPeng’s (NYSE: XPEV) October deliveries, for example, more than tripled to 10,138 vehicles.

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