What caused NIO's Q4 2024 earnings to miss forecasts?

NIO's Q4 2024 earnings missed forecasts due to several factors:

1. Revenue Miss: NIO reported a total revenue of $2.7 billion for Q4 2024, which fell short of the analyst estimate of $2.85 billion. This discrepancy, although relatively small, contributed to the overall disappointment in the earnings report.
2. Earnings Per Share (EPS) Miss: The company reported an adjusted EPS of -$0.47 for Q4 2024, which missed the consensus estimate of a -$0.33 loss. This significant gap, combined with the revenue miss, underscored the company's financial struggles.
3. Vehicle Deliveries and Revenue: Despite a 45.2% year-over-year increase in vehicle deliveries to 72,689 units, vehicle sales revenue of $2.39 billion represented only a 10.1% year-over-year increase. This suggests that the growth in deliveries did not translate sufficiently into revenue growth to meet market expectations.
4. Market Position and Competition: NIO faces increasing competition in the EV market, which may have impacted its market share and pricing power. The company's Q1 2025 guidance fell below expectations, indicating potential challenges in maintaining growth amid competitive pressures.

In summary, NIO's Q4 2024 earnings missed forecasts due to a combination of lower-than-expected revenue and a wider-than-anticipated loss per share, reflecting operational challenges and competitive pressures in the EV market.