Nio's stock tanks toward a record-tying loss streak as Tesla price cuts weigh

Shares of Nio Inc. on Wednesday dove to its lowest prices seen in nearly four years, as investors in the China-based electric-vehicle maker continued to express concerns over price cuts by Tesla Inc. and a weakening economy.The fresh lows for Nio’s stock NIO, -2.75% NIO, -9.63% came after Tesla reportedly cut prices on two models in China, as the Texas-based EV giant faces increasing competition. Tesla followed that move by reportedly cutting prices in Germany.Read more: Tesla is getting beat by China’s BYD ...