NIO Drops Ahead of Earnings With $5 EV Stock in Focus
NIO’s U.S.-listed shares fell 2.9% to $5.58 Wednesday, underperforming a rising market ahead of its first-quarter earnings report due Thursday morning. Options traders expect an 8% swing after results, with forecasts for a loss of 8 cents per share on $3.70 billion revenue. NIO delivered 83,465 vehicles in Q1, nearly doubling from a year earlier, but April deliveries slowed from March.