NIO: Revenue Growth Expected For Q2 2024 Unlikely To Continue

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 levels 94% lower than its all-time highs seen in May 2021, its current price is weak even compared to its performance over the past 52-weeks. It’s at 64% lower than the 52-week high and even 34% lower than the average during this period. Even year to date [Y ...