$Morgan Stanley(MS)$, Analyst - Tim Hsiao has released a new research note on $NIO Inc.(NIO)$ paying attention to its April 2024 delivery results and upcoming sub brand Onvo. Why MS likes NIO: Analyst Tim Hsiao thinks NIO is doing well. He expects NIO's stock price to go up and has a $10 price target on it. Factors: NIO has sold 15,600 EVs (SUV- 8,800 EVs & Sedan - 6,800) in April 2024. This was > +134% YoY increase. It is also about 33% of NIO’s 2024 total delivery of 45,573 EVs. SUV sales rose +31% MoM to 8,800 EVs. This include SUVs models ES6, ES7, ES8 & EC6. Sedan sales grew +31% MoM to 6,800 EVs. Sales are inching closer to NIO's previous record (about 18,000-20,000 EVs monthly). The analyst