Huge News for Nio Stock Investors!

By Parkev Tatevosian, CFA – Jul 7, 2023 at 5:28PM

NYSE: NIO

Nio

Market Cap

$11B

Today's Change

(6.07%) $0.32

Current Price

$5.59

Price as of May 2, 2024, 4:00 p.m. ET

Nio, the electric vehicle seller, reported quarterly production and sales figures that left stock market investors underwhelmed.

Fool.com contributor Parkev Tatevosian describes what Nio's (NIO 6.07%) latest update could mean for investors.

*Stock prices used were the afternoon prices of July 5, 2023. The video was published on July 7, 2023.

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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.