China’s “Tesla” Under Mounting Pressure to Turn a Profit

Sep.24 — It took Tesla Inc. about 15 years to rack up $5 billion in losses. The company some regarded as China’s Tesla did it in four. And 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 analysts’ estimates. Bloomberg’s China correspondent and anchor Selina Wang has the story.

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