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home / news releases / NIO - NIO Stock: Sell And Don't Look Back (Rating Downgrade)

NIO - NIO Stock: Sell And Don't Look Back (Rating Downgrade)

NIO Inc. American depositary shares each representing one Class A

2024-06-18 10:19:16 ET

Summary

  • NIO Inc. stock is in a downward spiral, with recent earnings worse than expected and the potential for more dilution.
  • NIO's financial challenges are exacerbated by missed revenue estimates and increasing losses.
  • The Grizzly Research report alleges NIO may be using questionable accounting practices, adding to concerns about the company's financial health.
  • There are much better stocks than NIO, and the company may not be worth the risk now.

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For further details see:

NIO Stock: Sell And Don't Look Back (Rating Downgrade)
Stock Information
Company Name: NIO Inc. American depositary shares each representing one Class A
Stock Symbol: NIO
Market: NYSE
Website: nio.com
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