NIO Is Up 9% Today: Is It Outperforming Other EV Stocks Like Tesla and Rivian?

Nio shares gained 10% in midday trading, rising to $5.75 from $5.26 after a prior month decline. The move was driven by the start of customer deliveries for the ES9 executive SUV, launched with more than 40 industry-first technologies and a marketing push featuring Yao Ming as chief experience officer. Production was pre-staged, with over 6,000 ES9 units built since pre-sales began April 9, enabling a rapid delivery ramp. In Q1 2026, Nio reported $3.7 billion in revenue and 83,465 vehicle deliveries, up 98% year over year, with vehicle margin at 19% and sequential improvement. Management projected Q2 2026 deliveries of 110,000 to 115,000 vehicles, implying 53% to 60% year-over-year growth.

"Nio's flagship ES9 executive SUV began customer deliveries today, alongside a high-profile brand moment. Nio kicked off ES9 deliveries on May 27, with the company touting more than 40 industry-first technologies built into the flagship SUV. The company also tapped basketball legend Yao Ming as chief experience officer for the ES9, adding marketing firepower around the launch."

"Production was pre-staged. Nio reportedly built over 6,000 ES9 units since pre-sales began April 9, enabling a rapid delivery ramp. Pre-sales open at 528,000 yuan, slotting the ES9 directly into the premium SUV bucket where the company is already winning. The company has "entered an intensive new product launch and delivery cycle.""

"In Q1 2026, reported May 21, Nio posted revenue of $3.7 billion with deliveries of 83,465 vehicles, up 98% year over year. Vehicle margin expanded to 19%, the fourth consecutive sequential improvement. Guidance was the kicker. Nio's management projects Q2 2026 deliveries between 110,000 and 115,000 vehicles, implying year-over-year growth of 53% to 60%."

"Even with the bounce, the chart still tells a story of weakness. NIO stock sits well below its 52-week high of $8.02. The pop snaps a rough stretch after a recent slide of 15% over the past month. Today, Nio stock is the clear leader, while Tesla and Rivian are up modestly on the day."

Read at 24/7 Wall St.