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Story summary
- NIO Inc (NYSE:NIO) shares rise ahead of third-quarter earnings, which are expected to show a loss of $0.24 per share on revenue of $3.26 billion.
- NIO delivered 87,071 vehicles in Q3, up 40.8% year over year, and its cumulative deliveries reached 872,785 after launching the ES8 SUV.
- Shares trade at $5.85, up 4.84%, about 16% below the 50-day moving average; resistance sits at $6.32, and a break below could trigger selling.
