Will High SG&A Offset NIO's Delivery Growth in Q4 Earnings?

NIO (NIO) is set to release fourth-quarter 2023 results on Mar 5, before market open. The results will primarily center around the company’s vehicle deliveries. While fourth-quarter deliveries perform well and beat our model estimates, rising expenses might act as a spoiler.Before we delve into the factors that are set to shape its upcoming results, here’s a snapshot of its third-quarter 2023 earnings report.(Also read: Will Higher-Than-Expected Deliveries Boost NIO's Q4 Earnings?)Q3 HighlightNIO incurred a ...