NIO Expects Q2 Revenue Of $1.273B-$1.364B, Sees Deliveries of Vehicles Between 23,000-25,000, Down By 8.2%-0.2%
Portfolio Pulse from Benzinga Newsdesk
NIO expects Q2 2023 revenue to be between $1.273B-$1.364B, with vehicle deliveries ranging from 23,000-25,000, down by 8.2%-0.2% compared to Q2 2022.
June 09, 2023 | 10:08 am
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NIO's Q2 2023 revenue and vehicle delivery expectations are lower than Q2 2022, indicating a potential slowdown in growth.
NIO's expected decrease in revenue and vehicle deliveries for Q2 2023 compared to Q2 2022 indicates a potential slowdown in growth. This could negatively impact the stock price in the short term as investors may be concerned about the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100