The Speed Bump That Sent Nio Plunging 51% in 2024

Nio (NYSE: NIO) has always been an intriguing stock. It's a large player in the Chinese electric vehicle (EV) market, but also positions itself as a lifestyle brand with leisure stores and its own line of smartphones, while also developing technologies such as solid-state batteries. The company also pioneers battery swapping stations as a method to avoid charging.Nio has always been a roller-coaster ride, and 2024 wasn't much different as the stock shed 51% of its value throughout the year, according to data provided by S&P Global Market Intelligence. But the question is why? And was the sell-off warranted? Let's dig in.The company missed estimates during the first quarter with earnings per share checking in far below Wall Street forecasts. That was of course followed by a second quarter where the company posted record-high EV deliveries, gained market share, and topped earnings estimates. And then, wouldn't you know it, Nio reported weaker-than-expected third-quarter earnings but its stock managed to sneak a small gain for the day anyway. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool