Nio Shares Slide After Q4 Guidance Signals Demand Slowdown
Nio Inc. shares dropped sharply following a tempered fourth-quarter delivery forecast, with Macquarie analyst Eugene Hsiao downgrading the stock to Neutral. The Chinese EV Maker reported better-than-expected Q3 losses but missed revenue estimates, while deliveries grew 40.8% year-over-year to 87,071 units.
The downward revision to 122,500 deliveries for Q4—well below the initial 150,000 target—reflects fading subsidies and softening demand for its Onvo lineup. Hsiao slashed his price target by 21% to $5.30, citing 'near-term uncertainty.'
Market reaction was swift: Nio’s NYSE-listed shares fell 4% post-announcement, underperforming broader EV sector trends. The guidance cut overshadows solid operational execution, highlighting the sector’s vulnerability to policy shifts.
