NIO: Strike While The Iron Is Hot
NIO(NIO) Seeking Alpha·2024-09-06 23:49
Rafmaster NIO Inc. (NYSE:NIO) reported results for its second fiscal quarter on Thursday that met expectations on EPS, but missed on revenues. Nonetheless, shares surged 14% on a strong outlook as well as an improving margin profile. The electric vehicle company currently delivers approximately 20,000 units per month to consumers, mostly in China, and continues to see strong revenue growth as well. The outlook for Q3'24 implies that the EV maker expects this production/delivery volume to hold in the near te ...