Nio Stock Rocketed Higher This Week. Is It Time to Buy?
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Nio's stock surged over 20% this week, driven by the launch of its competitively priced ES8 SUV at $43,000, leveraging its unique battery swap technology. This price point undercuts Tesla's Model YL by over $4,000, attracting investor interest in the competitive Chinese EV market. Nio's shares have risen more than 40% in the last three months, with upcoming quarterly financial results on September 2 being a key focus for investors, particularly regarding profitability and vehicle margins.
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