Why Nio Investors Should Be Optimistic After Q2 Earnings

Investors who follow the Chinese automotive industry focused on Nio's (NYSE: NIO) second-quarter results that were released Tuesday, initially sending the stock lower. It wasn't a bad quarter, but it became more clear that the intense price war in China isn't letting up, and may not anytime soon.Let's check out some of Nio's second-quarter highlights, and where it's going from here.Nio reported an adjusted operating loss of $564 million on sales of $2.7 billion. Wall Street estimates were looking for a loss of $620 million on sales of just over $2.7 billion, per FactSet. It was an improvement over the prior year's second quarter, when Nio posted a loss of $673 million on sales of $2.4 billion. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool