$NIO Inc.(NIO)$

The Chinese electric vehicle (EV) maker received at least four price target reductions from firms including JP Morgan, Citi and Mizuho Securities. For the quarter, revenue tallied in at $1.54 billion, up 21.8% year-over-year (YOY) and beating the analyst expectation of $1.42 billion. However, the earnings per share (EPS) loss of 25 cents fell below expectations for a loss of 18 cents.

Quarterly deliveries came in below expectations as well. Nio expects to deliver between 31,000 and 33,000 vehicles in Q3, while analysts forecasted 37,000 deliveries. At the midpoint, the delivery figure would imply around 11,000 deliveries in September, while analysts were projecting 17,000 deliveries for that month. Meanwhile, revenue for the third quarter is expected to be between $1.91 billion and $2.03 billion, implying YOY growth of between 31% and 38.7%.