Reported about 12 hours ago
Nio's stock has struggled over the past four years, closing below its 2021 highs, but the recent launch of its L90 SUV appears to have sparked renewed interest with promising sales figures. With a competitive price below $37,000 and a strong initial market response, Nio aims to deliver over 10,000 units this August. While analysts remain cautious, suggesting the need for sustained sales growth and improved margins, the company's goal for breakeven this quarter hinges on the L90's success, making this a crucial moment for Nio's future.
Source: YAHOO