Why Nio Stock Jumped More Than 10% Today
NIO(NIO) The Motley Fool·2024-09-05 18:27The electric vehicle maker finally gave patient investors a solid reason to cheer.Nio (NIO 12.74%) stock had one of its best days in recent weeks today, flying 12% higher as of 12:40 p.m. ET Thursday.After losing more than 50% value in the first half of 2024, Nio stock looked primed to rebound on its next earnings report in anticipation of higher revenue and better margins. The company didn't disappoint, giving investors a chance to grab the electric vehicle (EV) stock today.Nio's deliveries and margins are ...