When Nio (NIO) released its latest sales numbers for the latest quarter, the 35.1 percent increase in sales gave some investors optimism for the company’s future potential.While the increase in sales looks impressive, the reality is the company only delivered 4,799 vehicles, with the majority of the sales coming from its low-priced ES6 SUV, which at this time loses money on every sale.This wouldn’t be as big of an issue if Nio was flush with cash, but without a cash infusion, the company will struggle to survive by as early as December 2019.Turning to TipRanks data, we find that NIO …read more
Source:: Yahoo Finance
