In F1Q, product revenue increased by 84% year-over-year to $394.4 million, although at 2.3% above the midpoint of guidance, that amounted to the lowest beat since the September 2020 IPO
As of December 2021, Nio reported cash and equivalents of $8.7 billion. Therefore, there is ample financial flexibility to invest in product development + new model coming up.
Nio Stock Has 77% Upside Potential
The launch of new models and international expansion are growth catalysts for NIO stock