Nio stock dropped about 14% this week after its Q2 report showed a slight increase in operating losses sequentially.
Chinese electric vehicle (EV) maker Nio's shares fell approximately 14% this week, as investors reacted to its second-quarter earnings report. While revenue increased 69% year-over-year and 26% sequentially, the company's operating loss slightly increased compared to the first quarter. Nio's August EV deliveries grew 14.5% year-over-year, but component costs and fierce competition continue to be headwinds.
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