NIO - NIO: Fundamentally Weak And Overvalued

May, 24 2024 04:21 PM NIO Inc. American depositary shares each representing one Class A

2024-05-24 16:21:22 ET

Summary

NIO's operating losses deepen as deliveries increase, making it difficult to adjust pricing and compete with Tesla's price war in China.
NIO's pricing advantage in high-end models is overshadowed by its lack of brand strength compared to competitors.
Recent measures from the White House included introduction of 100% border tax on Chinese EVs, which significantly undermined NIO's export potential.
The valuation does not look good as there is a 34% downside potential.

Company Name:	NIO Inc. American depositary shares each representing one Class A
Stock Symbol:	NIO
Market:	NYSE
Website:	nio.com