Markets
markets
Max Knoblauch

Chinese EV maker Nio climbs on narrower-than-expected Q3 loss

Nio was up as much as 3.1% in early trading on Tuesday after the Chinese EV maker dropped its third-quarter earnings. The company posted an adjusted loss of $0.15 per share, better than the $0.23 loss expected by analysts polled by FactSet.

The automaker also:

  • Booked $2.7 billion in vehicle sales, up 15% from the same period last year and slightly below Wall Street estimates. According to Nio, an increase in sales volume was partially offset by a lower average selling price, as the company introduced more affordable EVs.

  • Delivered 87,071 vehicles in Q3, up more than 41% from last year. The figure landed at the bottom of the company’s delivery projection range of between 87,000 and 91,000 vehicles.

  • Posted a vehicle margin of 14.7%, improving on the 13.1% in Q3 last year.

Looking ahead, the company said it expects to sell between 120,000 and 125,000 vehicles in Q4. Meeting even the low end of that target would bring the company’s 2025 total deliveries to more than 321,000 units, beating Wall Street’s expectation of about 316,000 vehicles.

Alongside Chinese rivals BYD and XPeng, Nio has helped fuel a fiercely competitive EV market in China, squeezing outside entrants like Tesla with low-priced vehicles similar to Tesla’s Model Y.

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Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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markets
Paige Oamek

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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