NIO Stock Falls 9% on $1B Equity Offering Plan: Time to Buy the Dip?

Key Takeaways NIO shares fell 8.9% to $5.72 after announcing a $1B equity offering of about 182M shares.Funds will support R&D, new platforms, battery swap network expansion, and balance sheet strength.NIO forecasts Q3 deliveries of 87K-91K units, up 41-47% year over year, with new models driving demand.NIO Inc. (NIO) tumbled 8.9% yesterday to close at $5.72, after the company announced a $1 billion equity offering. The Chinese electric vehicle (EV) maker intends to sell roughly 182 million shares of common ...