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