Why NIO Stock Is Up Today

John Rosevear, The Motley Fool
·2-min read
Why NIO Stock Is Up Today

As of 10:30 a.m. EST, NIO's American depositary shares were up about 4.2% from Friday's closing price. Its loss of $0.14 per share was narrower than Wall Street's consensus estimate, as the company's gross margin expanded to 12.9% thanks to positive trends on both its costs and the pricing of its vehicles. Citi's Jeff Chung said he thinks NIO could deliver 100,000 vehicles next year.