NIO Stock Outlook: Can the Chinese EV Maker Stay Ahead of the Curve?
NIONIO(NIO) investorplace.com·2024-05-16 18:00

Speaking at the Qatar Economic Forum on May 14, billionaire investor Ken Griffin lambasted Joe Biden’s policy of putting tariffs on Chinese EVs, suggesting that the move would hurt American consumers. Nio (NYSE:NIO) stock gained more than 6% on the news. Griffin argues that the Biden administration’s policy is bad for America because it will reduce the number of low-cost, high-quality Chinese EVs consumers here can buy, slowing Biden’s desire to move toward low-emission energy. While I don’t think there’s a ...