NIO Stock Price Today: Shares Climb After HSBC Upgrade, Surprise Profit
NIO shares climbed 5% to $5.83 in early New York trading Friday after HSBC upgraded the stock and raised its price target. The company reported its first-ever quarterly net profit, posting 282.7 million yuan for Q4 and a 76% jump in revenue. Vehicle margin rose to 18.1%. Founder William Li warned a memory-chip shortage could raise costs or halt production.