Nio (NYSE: Nio) posted its second-quarter report on Aug. 29. The Chinese electric vehicle (EV) maker's revenue declined 15% year over year to 8.77 billion yuan ($1.21 billion) and missed analysts' estimates by $60 million. Its adjusted net loss more than doubled from 2.19 billion yuan to 5.44 billion yuan ($751 million), or $0.45 per American depositary share (ADS), but still beat the consensus forecast by $0.04 per ADS.

Nio cleared Wall Street's low bar, but the stock remains more than 80% below its all-time high. Let's see if it's too late to bet on a long-term turnaround.

Image source: Nio.

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Source Fool.com