NIO Misses Earnings Estimates and the Stock Falls. Why It's Not All Bad.
Thursday morning, NIO announced a first-quarter per-share loss of 36 cents from sales of $1.4 billion. Wall Street was looking for a 33-cent loss from sales of $1.5 billion, respectively, according to FactSet.
Nio's stock drops as losses were wider than forecast and sales missed
Shares of Nio Inc. were hit hard Wednesday, after the China-based electric vehicle maker reported first-quarter results that missed the mark amid “intensifying competition,” but did provide an upbeat take on the current quarter.
China's Nio expects Q2 EV sales to more than double
Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.
NIO Stock Remains a Buy for the Bold Despite Penny Stock Status
Nio (NYSE: NIO ) reported its May deliveries on June 1, and Nio stock fell on the news. Nio delivered a record 20,544 vehicles in May, bringing the number of vehicles delivered year-to-date to 66,217, 51% higher than a year earlier.
Nio Stock Rises With Earnings Due And Startup EV Rival Zeekr In IPO Base
Experts see several tail winds for Nio stock and EV deliveries ahead, including its new Onvo mass-market brand.
NIO Stock: Nio Gets Go-Ahead for Third EV Factory in China. What to Know.
Even as it struggles against negative market momentum, Nio (NYSE: NIO ) is working hard to expand its operations. The Chinese electric vehicle (EV) producer has received the green light from the Chinese government to construct another factory.
Analysts revise Nio stock price targets ahead of earnings
As the EV industry shows signs of recovery, Nio (NYSE: NIO) has reported record-breaking delivery numbers, signaling a potential turnaround.
Exclusive: EV maker Nio gets regulatory nod for third factory in China, sources say
Electric vehicle maker Nio has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with Tesla's massive Shanghai plant, three people with knowledge of the matter said.
Should You Buy NIO Stock? What To Consider Ahead of Q1 Earnings
NIO's Q1 results will provide more clarity on its operational efficiency and market positioning. Investors should be cautious before jumping to buy the stock.
NIO Stock Alert: Nio Receives Green Light to Test Autonomous Driving in China
A future with driverless cars is quickly approaching — and it may be coming to China first. Indeed, the country has named multiple Chinese automakers on a list of firms with the clearance to “pilot vehicles with L3/L4 autonomous driving capabilities for road access.
Nio's Deliveries Surge Over 3x In May. Will The Stock Follow?
Chinese luxury electric vehicle maker Nio stock, has declined by about 41% year-to-date. This compares to rival Xpeng stock which is down by 29% over the same period.
NIO Stock Alert: Nio Sets New Monthly Record for Electric Vehicle Deliveries
Nio (NYSE: NIO ) reported its May delivery numbers over the weekend. During the month, Nio delivered 20,544 vehicles, up by 233.8% year-over-year (YOY) and reaching a monthly record high.
