NIO stock drops 7% on Beijing's cross-border trading crackdown, despite a massive 112% YoY Q1 revenue beat. Get the details.

NIO Inc - ADR (NYSE: NIO) shares are trading flat Thursday afternoon as investors digest strong fiscal first-quarter results.

NIO stock drops 7% on Beijing's cross-border trading crackdown, despite a massive 112% YoY Q1 revenue beat. Get the details.