Why Is Nio Stock Soaring Tuesday? - NIO (NYSE:NIO)

Group 1 - UBS upgraded Nio's stock rating from Neutral to Buy and increased the price forecast from $6.2 to $8.5 [1] - Nio has commenced nationwide shipments of its third-generation ES8 SUV to retail locations in China ahead of its official launch [1][2] - The ES8 features a standard 100-kWh battery pack with a presale price starting at 416,800 Chinese yuan ($58,530), which is a 25% reduction from the previous model's base price [3] Group 2 - Nio's strategy of shipping vehicles before the official launch aims to accelerate deliveries and enhance early sales momentum, similar to tactics used with the Onvo L90 SUV [4] - NIO stock has increased by over 28% in the past year, with shares trading higher by 7.09% to $6.950 recently [4]