Nio Stock Slumps Ahead of Q3 Earnings Amid EV Market Pressures
Nio shares extended their losing streak to nine consecutive days, dipping 1.6% as investors brace for the Chinese EV maker's third-quarter earnings report. Despite a 37.2% year-to-date gain fueled by new models like the L90 and ES8, softening demand and intensifying competition cast shadows over the sector.
Analysts project a narrowed loss of $0.23 per share against $3.12 billion in anticipated revenue, with margins and delivery momentum under scrutiny. The company's cost-cutting measures and product pipeline updates will likely dominate post-earnings discussions.