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Adam Eckert

THE TRUTH ABOUT: Why nio stock is trading higher today - The Untold Story

NIO Morgan Stanley Nio Inc NYSE

NIO Inc (NYSE:NIO) shares are trading higher Tuesday after Morgan Stanley added the stock to its "tactical idea" list.

According to reports, Morgan Stanley expects Nio shares to catch a boost as COVID-19 restrictions are lifted in Shanghai. The analyst firm also expects the EV company to benefit from new subsidies for electric car buyers.

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