
NIO (NYSE:NIO) Shares Down 3.2% - Time to Sell?

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NIO Inc. (NYSE:NIO) shares fell 3.2% to $5.5650, with trading volume down 7% from average levels. Despite positive sentiment from the launch of the ES9 SUV and improving profitability, CEO William Li cautioned about slowing demand in China's EV market. Analysts have mixed ratings, with a consensus price target of $6.70. The company reported a negative net margin of 8.78% and a revenue of $4.95 billion last quarter.
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