Should you buy Nio stock? (December 2023)

See more of my work at https://www.3minutebreakdowns.com Nio stock analysis. Ticker: $NIO Nio doesn’t report free cash flow or EBITDA but trailing twelve month revenue is 7.7 billion and net income is negative 3 billion. Despite posting sharp losses, it’s not hard to be tempted by Nio. At 1.5 times revenue, the company trades at a clear discount to rivals, like Li Auto and Xpeng which is valued at over 3 times revenue. And Nio is starting to look like a good business. Revenue rose 47% in the latest period as the company delivered a record 55,000 vehicles. That’s an increase of 136% from the previous quarter. Earnings per share was also above expectations. More importantly, Nio’s growth plan appears to be on track. The company has two different partnerships to push its battery swap plans forward. Battery swapping technology, in theory, can allow Nio to use less capital building out its network, while increasing network effects for its vehicles at the same time. #investing #stocks #niostockanalysis