NIO Inc. (NIO) Earnings Release Analysis 29 Aug 2023 Pre Market
@nerdbull1669:
$NIO Inc.(NIO)$ is scheduled to announce Q2 earnings results on 29 August 2023 (Tuesday) before market open. NIO has added 395 new battery swap stations in China so far this year, and it aims to add a total of 1,000 this year. The massive rally in NIO Inc. stock is fueled by quarterly earnings. In previous earnings, the company succeeded in beating the EPS estimate which positively impacted the NIO share prices. If we look at the technical analysis, NIO is currently in a correction phase and the momentum is not there. From the deliveries and partnerships they have signed so far. NIO might face some challenges maintaining its share price. I believe the quarterly earnings will be a decisive factor whether it can stop the correction that NIO is goin