$NIO Inc (NIO.US)$ good counter let such shortsighted investors always cry father cry mother, how to go up?

$NIO Inc (NIO.US)$ This is a very interesting question, involving the choices of corporate financial policies and accounting standards. NIO chooses to fully expense R&D expenses instead of capitalizing them, which indeed makes its financial report appear to have huge losses. So, why choose to do this? Here are a few possible reasons and analyses:
1. The requirements of accounting standards and the limitations of capitalizing R&D expenses.
According to International Accounting Standards (IAS 38) and Chinese accounting standards, research and development expenses can only be capitalized under certain conditions. For example:
• The research and development project has entered the product development stage (rather than the research stage).
• The project is technically feasible and can bring clear economic benefits in the future (such as commercialization potential).
• The company has enough resources to complete the development and put it into use.
The situation of NIO:
NIO's research and development may mainly focus on early-stage technology exploration, intelligent driving systems, and battery swap optimization, many of which projects have not clearly reached the commercialization stage. Therefore, these research and development expenses are more in line with the attribute of the "research stage" and should be directly included in the current expenses rather than capitalized.
2. Conservative Financial Policies and Transparency
NIO may consider adopting a more conservative financial strategy to enhance its financial...