Nio Feels Buying Pressure Ahead Of Q2 Earnings: Can The EV Stock Shake Off 60% Decline?

Wall Street expects Nio Inc NIO to report a negative 31 cents in earnings per share (EPS) and $2.44 billion in revenues when the Chinese electric vehicle manufacturer reports second-quarter earnings before market hours on Thursday.Nio saw impressive year-over-year growth with a 35.8% increase in vehicle deliveries for 2024, reaching 128,100 units. The company delivered 20,176 vehicles in August. Nio’s total deliveries have now climbed to 577,694 vehicles as of August end, highlighting the company’s growing ...