【UpcomingLive】Nio Q2 Earnings Preview: What To Expect?

The $NIO Inc(NIO.US)$ Q2 financial results are scheduled at 5:00 AM PDT/8:00 AM EST, August 11, 2020. Follow @moo_Live and stay updated!

NIO is a pioneer in China’s premium smart electric vehicle market. It surged 5.89% on Monday as the company reported a tremendous July sales report. Is NIO still a buy after this run?

It delivered 3,533 vehicles in July, up 322% year over year. The company has delivered 17,702 vehicles in 2020, up 111% year over year. Those strong second-quarter sales results and improved operational efficiency powered a positive gross profit margin, which would be a milestone for NIO.

NIO stock has skyrocketed 244% year to date, including 13% and 20% gains in the respective five days and one month. Does it hit a new high this week?