Nio Inc (NIO)

[Rosym]

In this video, I'm going to give you an update on one of the most popular EV stocks out there: Nio. Nio is a Chinese luxury electric vehicle maker that has been making headlines for its innovative products and ambitious growth plans. But the stock has also been under pressure lately, due to various factors such as competition, chip shortage, and regulatory uncertainty. So, is Nio still a good buy at this price? Or is it time to sell and move on? Let's find out.

Before we dive into the latest news, let me give you a quick recap of Nio's performance in the second quarter of 2023. Nio delivered a total of 23,520 vehicles in Q2, which was slightly below its guidance of 23,000-25,000 vehicles. This was also a 6.1% decline from the same period last year, when Nio delivered 25,000 vehicles. The main reason for this drop was the global chip shortage that affected the entire auto industry and forced Nio to temporarily halt production in March and April. Clic