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Nio Inc (NYSE:NIO) Justifies Recent Rally

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Electric vehicle maker NIO (NYSE:NIO) has had a nice rally in recent weeks, with shares moving up as much as 70% from their post-pandemic lows of last month. There’s still a lot of ground to cover before they’re back at last year’s all time high, but at least they’re moving in the right direction. Investors and those of us considering getting involved got a fresh look under the hood this week as they released their Q1 earnings, and there’s plenty of food for thought. Q1 2022 hedge fund letters, conferences and more Top line revenue was ahead of what analysts were expecting and up more than 24%…

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