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NIO Inc. American depositary shares each representing one Class A
2024-07-02 00:38:03 ET
Summary
NIO's stock rallied significantly yesterday after inspiring Q2 delivery numbers, which more than doubled.
The company's financial performance suggests that management prioritizes growth at all costs, which is unsustainable and harmful to shareholders in the long term.
Valuation analysis suggests NIO's stock is overvalued, fair share price estimated at $1.36.