Goldman downgrades Nio on weak outlook, competitive pressures By Investing.com

Goldman Sachs Downgrade: Goldman Sachs has downgraded NIO Inc. from "neutral" to "sell" due to a limited pipeline of new models, sluggish production ramp-up, and intensifying competition in the electric vehicle market, lowering its price target for U.S.-listed shares to $3.90.

Operational Challenges: The brokerage highlighted rising operating losses as Nio expands its sales network targeting price-conscious consumers, which will require significant spending and is expected to negatively impact profitability over the next three years, alongside risks to fourth-quarter volume and revenue guidance.