Nio reported a quarterly loss of $644 million and provided an outlook on revenue and electric-vehicle deliveries that fell short of estimates. Expense management startup Navan is cutting staff to achieve profitability ahead of a delayed IPO. Meanwhile, NIO's vehicle margin rebounded in Q3 as the CEO maintained stable pricing. Ola Electric has slashed its sales targets for the ongoing fiscal year to $591 million, down from the earlier goal of $1.55 billion, ahead of its planned IPO.
India's Ola Electric slashes sales targets ahead of planned IPO -document, sources https://t.co/vToO4iz9L7 https://t.co/PiraciM4CV
Ola Electric slashes sales targets ahead of planned IPO The revenue target for the ongoing fiscal year period is now $591 million, versus the earlier goal of $1.55 billion - a cut of about 60%, according to the internal document. https://t.co/TjOG3fnQZt
Breakingviews - Nio is on the long road to trimming losses https://t.co/I3iUzUTujx https://t.co/I3iUzUTujx
NIO vehicle margin rebounds in Q3 as CEO keeps pricing stable https://t.co/ZdVl43yII8
Breakingviews - Nio is on the long road to trimming losses https://t.co/8f6HEijPd0 https://t.co/8f6HEijPd0
From Breakingviews - Nio is on the long road to trimming losses https://t.co/LDtfR3ASm3 https://t.co/LDtfR3ASm3
Expense management startup Navan cuts staff to find profitability ahead of delayed IPO https://t.co/flhRQ24WlG by @bayareawriter
Expense management startup Navan cuts staff to find profitability ahead of delayed IPO https://t.co/IssKgQRtd2 by @bayareawriter
Nio reports a quarterly loss of $644 million and gave an outlook on revenue and electric-vehicle deliveries that missed estimates https://t.co/XR87hLOLkt
Nio reports a quarterly loss of $644 million and gave an outlook on revenue and electric-vehicle deliveries that missed estimates https://t.co/znX5buVv0G