NIO’s Pivot or Pitfall? Why I’m Watching the EV Underdog with Cautious Curiosity
@orsiri:
Burning Cash and Chasing Dreams At just under $4 a share, NIO trades like a distressed asset with a luxury complex. It wants to be Tesla-meets-Apple on Chinese roads, boasting sleek cabins, AI co-pilots, and battery swap stations that seem plucked from sci-fi. But look beneath the futuristic polish, and the financials are still parked firmly in the red. With a market cap of $8.37 billion and a trailing twelve-month net loss of over $24 billion, $NIO Inc.(NIO)$ isn’t just burning rubber—it’s incinerating cash. High-voltage dreams, low-voltage margins Operating margins sit at a brutal -53.33%, and return on equity is an eye-watering -150.07%. Its balance sheet doesn’t offer much comfort either: a total debt load of 30.35 billion yuan, a current ratio