The China-based EV maker missed revenue estimates for a fourth-straight quarter, though its Q3 outlook is above forecasts.
Shares of Nio Inc. slipped Tuesday, after the China-based electric-vehicle maker reported second-quarter results that missed expectations but provided an upbeat revenue outlook for the current quarter.
Excluding non-recurring items, adjusted per-ADS losses were RMB3.28, missing the FactSet loss consensus of RMB2.96. Deliveries declined 6.1% to 23,520 vehicles. For July, the company delivered 20,462 EVs, up 103.6% from a year ago.
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