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Nio’s Q3 Loss Beat Expectations. But Q4 Probably Won’t
Chinese electric vehicle maker Nio (NYSE: NIO) reported a loss for the third quarter that was narrower than Wall Street had expected, on good sequential and year-over-year sales growth despite a series of manufacturing challenges. On an adjusted basis, excluding share-based compensation, Nio lost $88.4 million in the third quarter, or $0.06 per share, on revenue of $1.52 billion. Nio delivered 24,439 vehicles in the third quarter, roughly double its year-ago result and up from 21,896 in the second quarter of 2021.