Why Is Nio Stock Crashing?

By Parkev Tatevosian, CFA – Apr 16, 2024 at 10:15AM

NYSE: NIO

Nio

Market Cap

$7B

Today's Change

(2.34%) $0.10

Current Price

$4.59

Price as of April 29, 2024, 1:22 p.m. ET

Nio is growing revenue, but losses on the bottom line are mounting.

Fool.com contributor Parkev Tatevosian conducts financial statement analysis for Nio (NIO 2.34%) stock to determine the cause of the falling stock price.

*Stock prices used were the afternoon prices of April 12, 2024. The video was published on April 14, 2024.

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.