Nio's Sales Are Still Growing, But That's Not Enough for the Stock
Nio (NYSE: NIO) recently reported its second-quarter results, and there were a couple of things the company should be proud of. Mainly, the company's revenue and vehicle sales saw significant increases from the year-ago quarter.
In the recent past, climbing revenue and rising vehicle sales would have likely sparked positive sentiment among electric vehicle investors. But not so much right now. Investors are instead keeping a close eye on companies' bottom lines, and they didn't like what they saw from Nio's latest quarter.
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Source Fool.com