NIO Inc ADR
NIO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$9.60 | Xbw | Tqzdwnpk |
Nio Has Widening Q3 Losses on Weak Vehicle Margin and Rising Expenses; FVE Decreased to USD 16
Nio’s third-quarter revenue was near the midpoint of the company’s guidance and its first nine months' revenue accounted for 57% of our previous full-year estimate. With enlarged losses on softer vehicle margin and rising operating expense levels, we slightly increase our net loss forecast for 2022-2023. Management indicated the company aims to deliver 20,000 units of vehicles in December, which we believe beats market expectations.