It’s not often that you hear about companies in competition with one another selling their equipment to the other. This was surprisingly the case with China’s electric vehicle giant Nio Limited (NYSE: NIO) when it sold about $31 million worth of its factory equipment to U.S. electric giant Tesla Inc. (NASDAQ: TSLA). Wall Street learned … Continue reading “Tesla Buys $31M of Factory Equipment from Rival Nio in Surprise Move”
Author: Sophia Vida
Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
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