Not only $NIO, but also $HPQ+2.3% results in Q2 show a decline in sales and profit. Sales were down 9.9% year-over-year and net profit was down 32%. Even so, there was no significant drop in either :) and someone certainly took advantage of the temporary drop in $NIO yesterday.
HP Inc.
HPQCapital Structure
Market Cap
36.0B
Enterpr. Val.
43.9B
Valuation
P/E
12.4
P/S
0.7
It's nice how Nio is holding up despite the results, that's a good sign! :)
I think$NIO is a pretty nice buy at current prices.