In Tesla's shadow, China's NIO prices IPO at low end of target: source


By Joshua Franklin and Julie ZhuNEW YORK/HONG KONG (Reuters) - Chinese electric vehicle start-up NIO Inc priced at the bottom of its targeted price range in its U.S.

initial public offering on Tuesday, a person familiar with the matter said, dragged down by investor concerns about the prospects of chief competitor Tesla Inc .Tesla's struggle to meet its production targets and an abandoned attempt by Chief Executive Elon Musk to take it private have weighed not just on its own stock, but also on peers seeking to develop mass-market electric.

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