NIO: Revenue Growth Expected For Q2 2024 Unlikely To Continue

Summary:

  • NIO’s Q2 2024 results are crucial as the stock is trading at multi-year lows. But whether they offer any support to the stock remains to be seen.
  • While robust revenue growth is expected, substantial operating losses are likely to continue, too. The outlook for Q3 2024 can be subdued as well.
  • Even longer-term promise, in the likes of battery swaps, can take time to impact profitability. With softer growth going forward along with continued losses, NIO isn’t a Buy.

NIO logo and the Nio"s user center, NIO House

Andy Feng

Chinese electric vehicle manufacturer and brand NIO’s (NYSE:NIO) (OTCPK:NIOIF) upcoming second quarter (Q2 2024) results are critical at a time when the stock lags behind both its long-term and nearer-term levels.

Not only is it trading at


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