Why Is Nio Stock Down 55% Despite Surging Deliveries?

A general view is showing 70 models from Tesla, Audi, Hongqi, SAIC Volkswagen, and Jiyue Nio on ... [+] display during the Auto Shopping Festival at Auto Bazaar in Jiading, Shanghai, on August 4, 2024, to attract new car buyers. (Photo by Ying Tang/NurPhoto via Getty Images)NurPhoto via Getty ImagesChinese luxury electric vehicle maker Nio stock has declined by close to 59% year-to-date. This compares to rival Xpeng stock, down by 52% over the same period. The sell-off comes despite Nio’s relatively strong ...