Here's why Nio stock price is crashing today

Nio stock (NYSE: NIO) has been exhibiting plenty of volatility as of late.On March 11, government support for the company’s battery-swapping technology caused a surge of almost 10%, from $4.40 to $4.91. The tide of optimism continued. Nio stock closed at a price of $5.18 on March 19, two days before the release of the company’s Q4 earnings call.Despite these high hopes, the quarterly report turned out to be a disappointment. The electric vehicle (EV) company posted a $0.43 loss per share, above consensus es ...