A nice recovery for tech stocks on Tuesday as the Nasdaq finishes ahead by 4% in a sea of green. EV stocks, in particular, benefited with NIO joined the party with a 17% gain to close at $41.35. One of the main drivers for the depreciation in NIO last week was disappointing results. On Monday of last week, NIO released results. EPS was -$0.16 versus an estimate of -$0.07 according to Refinitiv. Revenue came in slightly ahead of expectations at $1.03 billion versus $1.01 billion. This is a rise of 133% from a year earlier.