NIO Stock Today: Shares Slip After Three-Day Rally as Profit Turnaround Faces First Test
NIO Inc. shares slipped 0.7% to $5.99 in U.S. trading Tuesday after posting its first quarterly profit, with net income of RMB282.7 million on a 75.9% revenue jump. Fourth-quarter deliveries rose 71.7% to 124,807 vehicles. CEO William Bin Li warned a chip shortage could raise costs or halt production. NIO must deliver 32,000 to 35,000 vehicles in March to meet its first-quarter target.