I remembered someone saying earnings report doesn't affect share price but I don't agree.
Positive earnings means there is growth and if the growth is continuing then profitability will come. Naturally share price will go up.
Onvo is a letdown but what can firefly do.
It's a tall order to fulfil 2025 target and Nio needs to really sell more vehicles. Luxury cars don't contribute in quantity so insurance registration numbers will tend to be lower than competitors.
It's a tough road ahead. Nio needs a miracle.
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- JimmyHua·03-10good earnings fuel the stock priceLikeReport
