BYDDY - NIO Stock: Slam The Brakes On This No-Moat EV Operator

2024-07-02 13:11:33 ET

Summary

• NIO Inc. stock's April rally has fizzled out, disappointing its investors again.
• The company's June deliveries helped it surpass the Q2 outlook, suggesting an improvement.
• NIO Inc. still faces significant challenges in reaching profitability, which is worsened by intense competition.
• In the second half, the company aims to scale its sub-brands to lift optimism, but execution risks could persist.
• I argue why staying out of this troubled EV maker is a reasonable conclusion. Read on.

Nio Stock: April's Rally Has Fizzled Out

NIO Inc. ( NIO ) ("Nio") investors attempted to help NIO stock bottom in April 2024, but the rally has since fizzled out. While NIO still hovers above its those lows, it has given up much of its April gains. Consequently, investors who didn't manage to get out of NIO at its April spike have missed a fantastic opportunity to cut exposure....

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