Nio (NYSE:NIO) is up 3.35% in premarket trading to $5.47
It's not the first time that shares of Nio have moved higher on a day that Tesla was tanking.
Despite today's bump, Nio trades about 60% below its 52-week high and has been facing some sharp questions of its own.
Previously: Tesla -8% as analysts dig in (April 4)
Now read: Green Dot Portfolio: March 2019 Update »
Subscribe for full text news in your inbox