Nio Stock Surges Post-Earnings

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The Motley Fool

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Electric vehicle maker Nio's stock surged 14% after its second-quarter report. Here's why

Summary

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76% Informative

Chinese electric vehicle maker Nio 's stock surged 14% on Sept. 5 after its second-quarter report.

Its revenue rose 99% year over year to 17.45 billion yuan ( $2.4 billion ) but missed analysts' estimates by $40 million .

Nio sells a wide range of electric sedans and SUVs with removable batteries that can be quickly swapped out at battery-changing stations.

Should you invest $ 1,000 in Nio right now? Consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now and Nio wasn’t one of them.

The 10 stocks that made the cut could produce monster returns in the coming years .

For now, I'd rather invest in other EV stocks that aren't so tightly tethered to China .

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