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The Chinese carmaker might present some short-term upside but the long-term story is still fragile.
In this video, I will talk about Nio (NIO) and its recent earnings report, which was well received by investors because of the focus on profitability. But I'll explain why investors should exercise caution before celebrating prematurely.
*Stock prices used were from the trading day of Dec. 5, 2023. The video was published on Dec. 6, 2023.
Neil Rozenbaum 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. Neil 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.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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