Morgan Stanley Analyst Reaffirms Bullish Stance on NIO Stock Amid 90% Rally

NIO Inc. has captured market attention with a 90% surge in its stock price since June lows, dramatically outperforming the Hang Seng Index's 9% gain. Morgan Stanley analyst Tim Hsiao maintains a Buy rating and $6.50 target, suggesting the rally may have staying power.

Pre-orders for NIO's new ES8 SUV reportedly exceeded 30,000 units over the weekend, with early indicators pointing to viral demand potential. Hsiao projects monthly sales could reach 40,000-50,000 units by October, mirroring the success of the Onvo L90 launch.

Trading volume exceeding $2.5 billion across two sessions signals strong institutional interest. Market concerns appear to be shifting from demand skepticism to execution capabilities as the Chinese EV Maker demonstrates operational momentum.