China-based NIO's shares skyrocket as the Tesla rival beats investor expectations

Shares of NIO, a China-based electric car manufacturer, are soaring this morning after the company's Q3 2019 earnings beat investor expectations. NIO went public on the New York Stock Exchange in 2018 for $6.26 per share. Today, after its earnings report, NIO shares are up more than $1 apiece, to $3.47 per share as of the time of writing.

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