NIO: Growth At All Costs May Not Last
NIONIO(NIO) Seeking Alpha·2024-07-02 12:38

travelview/iStock Editorial via Getty Images Introduction I remain bearish about NIO (NYSE:NIO) and want to reiterate my 'Strong Sell' rating for the stock. The stock declined by 2.4% since my previous thesis. My previous thesis could have looked even better, but the stock gained more than 6% yesterday after positive Q2 deliveries data. NIO's latest deliveries report is really impressive with sales more than doubling in Q2. On the other hand, this growth might be unsustainable because it looks like a 'growt ...