NIO Stock May Be Ripe For A Rebound After Q2 2024 Earnings
NIO(NIO) Seeking Alpha·2024-09-05 21:21
hapabapa NIO Inc. (NYSE:NIO) has posted solid Q2 earnings results, with robust performance in vehicle sales and gross margins underscoring an above-estimate Q3 outlook. The company has delivered more than 20,000 vehicles on a monthly basis for four consecutive months through August. And similar strength is expected in September, which has likely kicked off with a strong start. Specifically, new car insurance registrations from NIO totaled 6,000 for the week ending September 1. Based on 20,176 vehicle de ...