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NIO Stock Rally Ahead of Q2 Earnings Amid Wall Street Divergence
NIO Stock Rally Ahead of Q2 Earnings Amid Wall Street Divergence
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BTCCSquare news:
Chinese electric vehicle Maker Nio prepares to report second-quarter earnings on September 2, with analysts projecting a $0.31 per-share loss on $2.73 billion revenue. The stock has surged 21% in five sessions and 42% over three months, fueled by new product launches and aggressive pricing strategies.
The company recently unveiled its ES8 SUV and cut prices on long-range vehicles to compete with Tesla's Model Y. Investor enthusiasm for Nio's mass-market Onvo brand, particularly the L90 SUV, has added momentum. Morgan Stanley raised its price target to $6.50, citing operational improvements and strong Onvo demand, though delivery forecasts for 2025 were trimmed by 9%.
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