Why Nio Stock Skid 12% in May Despite 129% Growth in EV Sales
Key takeaways
- NIO NVDA Nio (NYSE: NIO) electric vehicle (EV) sales are booming, margins are improving, and consumers are queueing up for its newly launched mass-market EV brand, Onvo.
- To understand why Nio fell, you probably have to look beyond its EVs and toward a shifting global landscape.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NIO NVDA Nio (NYSE: NIO) electric vehicle (EV) sales are booming, margins are improving, and consumers are queueing up for its newly launched mass-market EV brand, Onvo. By all logical metrics, the Chinese EV maker is executing well and bucking the slowdown in China s overall automotive industry. Yet, the stock fell 12.4% in May, according to data provided by S&P Global Market Intelligence.
To understand why Nio fell, you probably have to look beyond its EVs and toward a shifting global landscape.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »