Tesla's Chinese Rival Nio Warns Of Disappointing Q1 Results: Deliveries, Revenue Set To Miss Estimates
On Friday, Tesla Inc’s Chinese rival Nio Inc. NIO informed investors to expect underwhelming first-quarter results. What Happened: The Chinese electric vehicle manufacturer anticipates delivering up to 43,000 vehicles by March 31, with projected revenue of approximately 12.9 billion yuan ($1.8 billion), according to a report by Bloomberg. The market expected deliveries of 65,000 units and 17.8 ...










