NIO's Q3 loss cuts in half, stock surges on bullish 2025 guidance

NIO just dropped Q3 earnings and the numbers are turning heads. Net loss shrank to RMB 3.66B from RMB 5.14B YoY—that's a solid 29% improvement. Better yet, adjusted operating loss plunged 39.5% to RMB 2.78B, and adjusted net loss fell 38% to RMB 2.74B. Revenue jumped to RMB 21.79B (up 16.7% from RMB 18.67B), with vehicle sales hitting RMB 19.20B.

But here's the kicker: Q4 guidance is aggressive AF. NIO expects 120K-125K deliveries (+65-72% vs Q4 2024) and revenue of RMB 32.76B-34.04B (+66-73% YoY). That's the trajectory investors want to see—profitability getting closer as scale kicks in.

Stock's down 1.22% in pre-market to $5.68, likely just profit-taking. Long-term, if NIO executes on that guidance, we're looking at a company finally bending the cost curve.