Should You Buy, Sell or Hold NIO Stock Post Mixed Q3 Results?
NIO(NIO) ZACKS·2024-11-21 22:35
China-based electric vehicle (EV) company NIO Inc. (NIO) released mixed third-quarter results yesterday. Quarterly losses were wider than expected and revenues missed estimates. However, vehicle margins continued its upward trajectory amid cost optimization efforts. NIO’s delivery targets along with new model plans also sparked optimism.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.NIO Q3 Results Key TakeawaysNIO delivered 61,855 vehicles in the third quarter, up 11.5% year over y ...