$NIO Inc.(NIO)$ Nio CEO is a too soft person. Still think keeping the incompetent friends in the company can reverse Nio fortune. It is better to replace them earlier the better. How to hit KPI set by the CEO if those failed to delivered are still there and hoping they will improve?Must learn from Elon Musk sacked those incompetent and keep those can perform and pay them handsomely. Now Nio paying them handsomely but they cant deliver is totally a failure of the CEO too. Look at the selling general and admin cost Nio USD668mil per Qtr. What the heck they are getting so much pay and cant even sell the car.
Modified in.03-24
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments