Shares of NIO (NIO) are sliding after the company delivered a wider-than-expected loss in its first quarter. Yahoo Finance's Seana Smith and Brad Smith break down the company's earnings and how it will fare against increased competition. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
NIO reports lower-than-expected first-quarter results and expects second-quarter deliveries in the range of 54,000-56,000 vehicles, implying a rise of 129.6-138.1% year over year.
Tesla, BYD, NIO and XPeng are part of the Zacks top Analyst Blog.