Shares of Nio Inc. (NIO) surged 3.0% in active midday trading Thursday, putting the China-based electric vehicle maker's stock on track to close at a 15-month high. Trading volume was 50.4 million shares, enough to make the stock the most actively traded on the NYSE. Helping provide support for the stock, ride-sharing company Lyft Inc. (LYFT) said on Wednesday that every vehicle on its platform will be electric ( ), or zero-emissions, by 2030. Shares of U.S.-based rival Tesla Inc. (TSLA) rose 0.6% on Thursday, to trade 2.6% below the June 10 record close of $1,025.05, while Nio's stock was on track for the highest close since March 2019. Over the past three months, shares of both Nio (up 189.9%) and Tesla (up 176.4%) have nearly tripled, while the S&P 500 has gained 29.5%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 18, 2020 12:13 ET (16:13 GMT)
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