News Snapshot:
- Nio shares fell as much as 5% Wednesday after a short seller said the EV firm was playing "accounting games". - A report by Grizzly Research claims that Nio had a fraudulent relationship with its partner Weineng, accounting for 60% of 2021 revenue. - "The report is without merit and contains numerous errors," Nio said in a press release. Nio shares slid Wednesday after a short seller accused the Chinese electric vehicle maker of artificially inflating its financial figures. Shares were down as much as 5% before paring losses. The stock was trading at $22.00 as of 10:20 a.m....
