On September 1, NIO Inc. fell 5.23% in regular trading, trading at $4.03/share, with turnover of approximately $95.76 million. The decline was triggered by the company's Q2 earnings report missing revenue expectations and issuing significantly softer-than-expected Q3 guidance.

NIO reported Q2 total revenue of 32.14 billion RMB, up 69.1% year-over-year but falling short of the market consensus estimate of 33.49 billion RMB. Net loss narrowed sharply to 721.6 million RMB from 5.14 billion RMB a year ago, while adjusted EPS of 0.01 RMB beat estimates. Vehicle gross margin improved to 18.5%, with operating profit reaching 2.1 billion RMB for the third consecutive profitable quarter. Cash reserves rose to 56.7 billion RMB.

However, the core drag on shares was Q3 revenue guidance of 33.29-34.05 billion RMB, well below the Street estimate of 36.01 billion RMB. Additionally, August deliveries of 35,836 units grew just 14.5% year-over-year, a marked deceleration from the 68% cumulative growth pace through July, placing NIO at the lower end among EV peers such as Leapmotor, which delivered over 100,000 units with 80.7% growth.

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