I’m calling it bearish near term. Here’s why:
• That $1B share offering? Classic dilution play. How many times can you keep milking shareholders before trust runs out?
• Deliveries in Q2 hit 72k (+25% YoY), but revenue only rose 9%. Growth is already lagging behind the hype.
• Gross margin at 10% is embarrassing compared to Tesla (18%) and BYD (20%+). Vehicle margin even declined vs last year — proof the EV price war is crushing them.
• Net loss was still ~US$700M in Q2. With losses like that, “profitability” sounds like a fairytale.
• Sure, they’ve got US$3.8B in cash, but at this burn rate they’ll be back for more handouts soon.
The stock keeps choking in the $6–7 range, and unless bulls pull off a miracle, I see $5.50–6 support breaking down next.
Yes, NIO talks big about battery swap and new brands (Onvo, Firefly), but right now it’s all smoke without fire. Until they show real profits, this feels like a sell the rip trap for bagholders.
My verdict: it’s better to sell now while the floor is still holding.
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- fibance·09-17TOPDid you cover your short already @ $6.83?2Report