NIO Slumps 8.96% Amid EV Sector Shifts $480M Volume Ranks 217th as Tesla Price Cuts Intensify Pressure

On August 12, 2025, NIO (NIO.NYSE) fell 8.96% with a trading volume of $480 million, ranking 217th in market activity. The decline came amid broader market movements and strategic shifts in the electric vehicle sector.

Tesla (TSLA.NMS) reduced prices by 9.1% in July, outpacing the 4.2% industry-wide drop, as manufacturers accelerated sales ahead of the $7,500 federal EV tax credit’s expiration. The move intensified competitive pressures on NIO, which has yet to announce similar incentives. Analysts note that the tax credit’s removal by September 30 could disproportionately affect NIO’s financials, particularly if rivals further scale discounts to retain market share.

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