NIO Stock Is Falling. Competition Won’t Let Up. - Barron's
1. NIO reported a wider loss than expected, $0.45 per share. 2. Q1 sales reached $1.7 billion, meeting expectations but showing pressure on profits. 3. Deliveries grew by 40% year-over-year, with 42,094 vehicles delivered. 4. NIO anticipates 72,000 to 75,000 car deliveries in Q2 2024. 5. Stock has declined 20% this year, reflecting ongoing market challenges.