Chinese electric vehicle (EV) manufacturer, Nio (NYSE:NIO) closed Thursday at $6.07, down 4.86%. Shares declined after the launch of its flagship ES9 SUV, and investors will be watching to see how the model is received in the competitive EV market.
Trading volume reached 68.5 million shares, coming in about 52% above its three-month average of 45.2 million shares. Nio IPO’d in 2018 and has gained 1% since going public.
The S&P 500 (SNPINDEX:^GSPC) added 0.62% to finish Thursday at 6,825, while the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.83% to close at 22,822. Among electric vehicle manufacturers, industry peers Tesla (NASDAQ:TSLA) closed at $345.62, up 0.69%, and Li Auto (NASDAQ:LI) ended at $18.29, down 1.83%, underscoring mixed sentiment toward EV names.
Nio shares rose in early trading before tumbling as investors weighed the launch of its new ES9 SUV, which it says is the largest fully electric SUV in China. The stock is up 27% in the past month, reflecting optimism about the launch, and today’s drop could reflect profit-taking rather than a lack of confidence in the new vehicle.
Nio’s recent rally follows record deliveries in Q4 2025, with continued sales growth expected in 2026. Investors will be watching delivery updates and debt levels in the run-up to its June Q1 results to better understand how sustainable its growth trajectory may be.
Before you buy stock in Nio, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nio wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $536,003!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,116,248!*
Now, it’s worth noting Stock Advisor’s total average return is 946% — a market-crushing outperformance compared to 190% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 9, 2026.
Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Stock Market Today, Apr. 9: Nio Erases Early Gains Following New Electric SUV Launch was originally published by The Motley Fool
