$Tesla Motors(TSLA)$ NIO just

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$Tesla Motors(TSLA)$ NIO just delivered a blockbuster quarter. Revenue jumped 69.1% year-over-year to RMB 32.14 billion, with vehicle sales up 80.1% to RMB 29.06 billion. Deliveries came in at 107,658 units, up 49.4% from a year ago. Gross margin improved to 18.4%, and vehicle margin reached 18.5%, versus 10.3% a year earlier. On an adjusted basis they even posted a small profit of RMB 26.1 million, marking a second straight quarter in the black.

Their robotaxi is cute, to say the least. But the stock is down over 4%. Why?

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