Pretty confident earnings numb

2024-03-04

Pretty confident earnings numbers will be nicely BUT short decline are still going to cook up some stories to bring the price down.

To many other electric vehicle companies that are way better off financially.

$NIO Inc.(NIO)$ had its chance and William Li blew it.

How Will NIO Move After Earnings?

NIO released its mixed quarterly report. Revenue reached 17.1 billion RMB, a year-on-year increase of 6.5%, surpassing analysts' expectations of 16.8 billion RMB. However, in terms of profitability, the gross profit margin for the fourth quarter was 7.5%, far below analysts' expectations of 10.2%. ------------ How will Nio move after earnings? What's your target price?

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