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Near-term headwinds are creating a buyable post-earnings dip in NIO stock By Luke Lango, InvestorPlace Senior Investment Analyst Mar 2, 2021, 1:48 pm EDT March 2, 2021
Nio (NYSE:
NIO) slid Tuesday after the company reported mixed fourth-quarter numbers that failed to impress investors. NIO stock dropped about 12% in response.
Source: Sundry Photography / Shutterstock.com
This dip is a great buying opportunity.
NIO’s delivery numbers are a bit choppy right now because of one-off noise, including the Chinese Lunar New Year Holiday and semiconductor chip shortages as a result of the Covid-19 pandemic. However, this noise will pass.
The underlying fundamental trends of NIO, meanwhile, remain very healthy. This allows the company to scale delivery and production, expand globally, maintain high average selling prices, and grow revenues and profit margins.