Nio Stock Analysis: Artificial Intelligence, Battery Technology, and More
Nio, a highly innovative car company, has made significant progress in three major areas of its business, according to Fool.com contributor Parkev Tatevosian.
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Posted 9/5/2023, 2:08:02 PM
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NIO Inc. closed at $10.84, a +0.46% increase from the previous day, as investors await the upcoming earnings report.
Nio is expected to release its Q2 results with an anticipated EPS of -$0.41 and revenue of $1.26 billion, while options traders are pricing in a 10.62% move in Nio stock following the earnings report.
Shares of Nio Inc. dropped after the China-based electric-vehicle maker reported second-quarter results that missed expectations but provided a positive revenue outlook for the current quarter.
Nio, once favored by growth investors, has experienced a significant decline in stock value, prompting questions about whether it is currently a good investment opportunity.
Chinese EV maker NIO is planning to raise $1 billion through the issuance of convertible bonds, following in the footsteps of other electric vehicle companies such as Nikola and Fisker.
Chinese electric car brand Nio has released its own Android smartphone, which the company expects at least half of its users to purchase, offering car connectivity and an overall performance that appeals to Nio's user base.