Nio Jumps 6% on Its First Ever GAAP Profit and a Near Doubling of Q1 Deliveries
Nio's stock rose 6% in Friday's session, climbing from a prior close of $6.07 to $6.45, as investors cheered a pair of milestones that bulls have been waiting years to see.
NIO narrowed its loss significantly but missed revenue expectations, showing sequential improvement amid margin compression and demand challenges in a competitive EV market.