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Nio: Why Deutsche Bank Is Lowering Its Price Target Ahead Of Earnings

by finance.yahoo.com posted 4months ago 49 views
At the start of the week, Tesla released Q1 results, delivering record profits in the quarter. On Thursday, April 29, Nio (NIO) - often dubbed the Tesla of China – will try to match its rival’s achievements when it announces the quarter’s financials. As with Tesla, investors will have a rough idea of what’s in store after the company released the quarter’s delivery numbers earlier this month. In Q1, Nio made 20,060 deliveries, a new record, up from Q4’s 17,353 deliveries and amounting to a 423% year-over-year uptick.