NIO Stock | Bulls Vs Bears | Nio EV Stock Forum

[Stockcense_Team]

Nio Inc. manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving electric vehicles integrated with next generation technologies and artificial intelligence.



Official Website: https://ir.nio.com/overview

[lloyd80]

NIO Inc. (NYSE: NIO) is a Chinese electric vehicle (EV) manufacturer that designs and produces premium electric cars and provides innovative charging solutions. The company was founded in 2014 and is headquartered in Shanghai, China.

Here are some key pieces of information about NIO stock:

Market capitalization: The market cap of NIO is the total value of all its outstanding shares of common stock. As of my knowledge cutoff date of September 2021, NIO had a market cap of around $74 billion.

Recent stock performance: NIO stock has experienced significant volatility over the past year, with a 52-week range of $18.01 to $66.99. The stock price is subject to various factors such as the company's financial performance, industry trends, and overall market conditions.

Analyst ratings: Analysts' ratings can give you an idea of how Wall Street views NIO stock. As of my knowledge cutoff date of September 2021, NIO had a consensus "buy" rating from analysts who cover the stock, according to MarketBeat.

Financials: NIO's most recent quarterly financial report (Q2 2021) showed revenues of RMB 8.45 billion (approximately $1.3 billion), up 127.2% year-over-year. The company also reported a net loss of RMB 4.87 billion (approximately $754 million) for the quarter, which was narrower than the net loss of RMB 1.16 billion (approximately $179 million) in the same quarter of the previous year.

It is important to note that NIO operates in a competitive and rapidly changing market, and its financials and stock performance can be influenced by various factors such as competition, government regulations, and macroeconomic conditions. Investors should carefully consider their investment goals and risk tolerance before investing in NIO or any other individual stock.

Overall the EV sector is experiencing some latency so I am not big on NIO right now. The whole EV sector seems overbought