NIO's stock fell 5.9% despite strong delivery growth, as revenue missed estimates and analysts adjusted outlooks downward.

NIO Inc. shares dropped 5.9% to $5.18 on Monday, weighed down by mixed financial results despite a 76.3% year-over-year increase in November vehicle deliveries. The company delivered 36,275 vehicles, with revenue of $3.06 billion falling short of the $3.26 billion analyst estimate, though its adjusted loss of 15 cents per share beat expectations. Analysts adjusted their outlooks, with Barclays lowering its rating to underweight and Macquarie downgrading to neutral, while Citigroup maintained a buy but reduced its price target. The stock's decline follows ongoing market skepticism despite strong delivery growth and a 9% year-over-year revenue rise.