Nio, after $5 billion in losses, fights to survive
Auto September 23, 2019, 0 Comment 4It took Tesla about 15 years to rack up $5 billion in losses. The company known as China’s Tesla did it in four. The bleeding continues. Shanghai-based Nio is poised to report Tuesday that it lost another 2.6 billion yuan ($369 million) — around $4 million a day — during the second quarter, according to the average of two analyst estimates.
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