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Last night Nio (#NIO) announced Q4 earnings that left investors feeling mixed. The company reported Q4 Non-GAAP EPS of -$0.14 (beat by $0.24) and revenue of $1.02B (149.3% Y/Y).
Although revenue was up, the company failed to beat analyst expectations on revenue by $20M. With revenue numbers aside, the company did post solid growth numbers and are expecting the growth to continue. During Q4 2020, Nio delivered 17,353 vehicles, which is up from 12,206 deliveries in Q3 2020. Heading in Q1 2021 the company expects more growth to come with total vehicle delivery projected to be between 20,000 and 20,500. Should investors buy Nio as the company continues to grow?