Stock Track | NIO Inc. Plummets 5.14% in Pre-Market Trading as Q3 Loss Widens Despite Upbeat 2026 Outlook
Stock Track11-26
Shares of NIO Inc. (NYSE: NIO) fell 5.14% in pre-market trading on Tuesday as investors reacted to the company's wider third-quarter loss, despite an upbeat outlook for 2026.
According to reports, the Chinese electric vehicle maker expects to double its sales and achieve profitability by 2026. However, NIO's third-quarter loss rose 11% year-over-year to 5 billion yuan (approximately $700 million), weighing on investor sentiment.
While NIO reported a record-high quarterly vehicle sales of 61,900 units, the market seems to have focused more on the immediate impact of the widening losses. The company's ambitious 2026 targets appear to have been overshadowed by concerns over its current financial performance.
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