Why NIO (NIO) Stock Is Down Today

NIO Inc. (NIO) is down 3.2% today. Here is some analysis on what might have caused this price movement. ([ir.nio.com](https://ir.nio.com/news-releases/news-release-details/nio-inc-reports-unaudited-second-quarter-2026-financial-results/?utm_source=openai))

Analysis: The pullback appears tied to a mixed reaction to NIO’s September 1, 2026 updates: second-quarter revenue and profitability improved sharply year over year, but revenue appears to have fallen short of Street expectations while August deliveries slipped from July on a sequential basis. That combination can pressure shares even when headline growth remains strong. ([ir.nio.com](https://ir.nio.com/news-releases/news-release-details/nio-inc-reports-unaudited-second-quarter-2026-financial-results/))

Details:

NIO posted second-quarter 2026 revenue of RMB32.1 billion, up 69.1% from a year earlier, while vehicle deliveries rose 49.4% to 107,658 units. ([ir.nio.com](https://ir.nio.com/news-releases/news-release-details/nio-inc-reports-unaudited-second-quarter-2026-financial-results/))

Gross margin was 18.4% and vehicle margin was 18.5%, both far better than a year ago, but slightly below the prior quarter. ([ir.nio.com](https://ir.nio.com/news-releases/news-release-details/nio-inc-reports-unaudited-second-quarter-2026-financial-results/))

Net loss narrowed substantially to RMB528.0 million, yet revenue was below analyst expectations near RMB33.7 billion, which likely overshadowed the operational improvement. ([ir.nio.com](https://ir.nio.com/news-releases/news-release-details/nio-inc-reports-unaudited-second-quarter-2026-financial-results/))

August deliveries totaled 35,836 vehicles, up 14.5% year over year but modestly lower than July, marking a second straight month of sequential easing. ([ir.nio.com](https://ir.nio.com/static-files/f52ba0f9-000a-42c1-b562-45b88c578ac7))

Sources:

NIO Investor Relations, SEC, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NIO Hedge Fund Activity

We have seen 161 institutional investors add shares of $NIO stock to their portfolio, and 243 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 29,967,475 shares (-62.2%) from their portfolio in Q2 2026, for an estimated $151,635,423
MORGAN STANLEY added 12,690,265 shares (+86.2%) to their portfolio in Q2 2026, for an estimated $64,212,740
VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 7,154,567 shares (-53.0%) from their portfolio in Q1 2026, for an estimated $43,142,039
UBS GROUP AG added 6,924,086 shares (+56.1%) to their portfolio in Q2 2026, for an estimated $35,035,875
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 6,044,533 shares (+268.9%) to their portfolio in Q2 2026, for an estimated $30,585,336
MILLENNIUM MANAGEMENT LLC added 5,646,740 shares (+495.7%) to their portfolio in Q2 2026, for an estimated $28,572,504
BANK OF AMERICA CORP /DE/ added 4,770,004 shares (+33.5%) to their portfolio in Q2 2026, for an estimated $24,136,220

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.