NIO Inc. (NIO): A Bear Case Theory

We came across a bearish thesis on NIO Inc. (NIO) on Substack by The Wolf of Harcourt Street. In this article, we will summarize the bears’ thesis on NIO. NIO Inc. (NIO)'s share was trading at $4.38 as of Nov 27^th.

[caption id="attachment_1219199" align="aligncenter" width="768"] A row of electric cars being charged simultaneously at a public charging station.[/caption]

NIO (NIO) reported strong third-quarter 2024 earnings, with vehicle deliveries reaching a record 61,855 units, marking a 12% year-over-year (YoY) increase and an 8% rise from Q2 2024. This solidified NIO’s...