The Motley Fool·2025-07-31 21:46Core Insights - Nio's stock price surged 8% to close at $4.87, outperforming the broader market due to strong sales of its Onvo L90 SUV [2][4] - The Onvo L90 SUV sold out its first 10,000 units within three hours of launch, indicating strong consumer interest [4] - Nio's Onvo brand now represents approximately 40% of the company's monthly deliveries [5] Market Context - The S&P 500 declined by 0.4% and the Nasdaq Composite edged down by 0.03%, highlighting Nio's strong performance against a backdrop of broader market softness [3] - Other electric vehicle makers, such as Rivian and Lucid, experienced declines in their stock prices, contrasting with Nio's gains [3] Sales Performance - Nio generated approximately 26,000 orders in July, reflecting an 11% month-over-month increase and surpassing local EV competitors [5] - The company aims to achieve adjusted profitability by Q4 2025, with plans for margin expansion and infrastructure development [5]