China's Tesla is struggling to survive

Jamie McKane

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China's Tesla is struggling to survive

It took Tesla Inc. about 15 years to rack up $5 billion in losses. The company known as China’s Tesla did it in four.

The bleeding continues. Shanghai-based NIO Inc. is poised to report Tuesday that it lost another 2.6 billion yuan ($369 million) — around $4 million a day — during the second quarter, according to the average of two analyst estimates.

[Bloomberg]
 
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