NIO American depositary shares representing 1 Class A

#NIO Inc. Q3 FY2024 #EarningsReport Summary | $NIO (-1,06 %)

In the third quarter of 2024, NIO faced challenges including declining average selling prices due to product mix changes. However, it achieved strong operational results with record-breaking deliveries and improved gross and vehicle margins.

📊 Income Statement Highlights (YoY):

▫️ Total Revenue: $2.66B vs $2.73B (-2.1%)

▫️ Net Loss: $721.00M vs $649.56M (+11.0%)

▫️ Adjusted Net Loss (non-GAAP): $628.80M vs $563.58M (+11.6%)

▫️ Gross Profit: $286.05M vs $217.10M (+31.8%)

▫️ Gross Margin: 10.7% vs 8.0% (+270 bps)

▫️ Vehicle Margin: 13.1% vs 11.0% (+210 bps)

▫️ Adjusted Loss from Operations (non-GAAP): $654.20M vs $604.46M (+8.3%)

💼 Balance Sheet Highlights:

▫️ Total Assets: $14.82B

▫️ Cash and Cash Equivalents: $6.00B

▫️ Total Liabilities: $12.53B

🔮 Future Outlook:

Expected Q4 2024 vehicle deliveries: 72,000–75,000 units (+43.9% to +49.9% YoY).

Projected Q4 2024 revenues: $2.80B–$2.90B (+15.0% to +19.2% YoY).

NIO anticipates continued growth driven by the introduction of new models, expanding production of the ONVO L60, and the upcoming launch of its flagship ET9.

Hello my fellow investors and traders, what is your opinion on this stock $NIO (-1,06 %) ? I have a fairly large part of my investment in this stock. It seems like it is going down again. Is it a good time to dollar-cost-average now or just wait for it to go up?

In the long term, I don't want to sell them all, but also want to reduce my investment portion in them.

Taking benefit in Nio

$NIO (-1,06 %) on fire🔥🚀

$NIO (-1,06 %) up up! Boys

The FED rate cuts:

0,25 or 0,50% ?

#fed
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