|Bid||7.62 x 27000|
|Ask||7.64 x 3200|
|Day's range||7.58 - 7.96|
|52-week range||7.00 - 16.18|
|Beta (5Y monthly)||1.99|
|PE ratio (TTM)||N/A|
|Earnings date||28 Feb 2024 - 04 Mar 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
In this video, I will talk about Nio (NYSE: NIO) and its recent earnings report, which was well received by investors because of the focus on profitability. But I'll explain why investors should exercise caution before celebrating prematurely.
Chinese electric vehicle (EV) maker Nio Inc may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursday, citing people familiar with the matter. Nio did not immediately respond to a Reuters request for comment. The additional cuts come after Nio said in November that it planned to eliminate 10% of its jobs, as it moves to improve efficiency and reduce costs in the face of growing competition.
The additional cuts reported by Bloomberg come after China's Nio said in November that it planned to eliminate 10% of its jobs as it tries to cut costs.