In the first quarter of 2024, NIO delivered 30,053 vehicles, which declined 3.2% year over year. Analysts forecast first-quarter revenues from vehicle sales to be RMB8,826 million, implying a decline of 4.3% on lower year-over-year deliveries. Also, the China-based EV maker has been bearing the brunt of high SG&A expenses for the past several quarters and the trend is expected to have continued amid increasing personnel costs related to sales and marketing activities.
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Talented Mr Ripley : sounds "optimistic." however, I'm convinced that regardless of any positive data, markets pull back hard these coming weeks. dip opportunities avail themselves to those with patience. Short sellers take advantage of the sell off and add to dip. gains realized. don't be a bag holder.