{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"NIO Stock: SELL Call - 24,193 More Cars And A Bigger Loss Q2 2026","slug":"nio-stock-sell-call-24-193-more-cars-and-a-bigger-loss-q2-2026","published_at":"2026-09-02T02:19:09+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/nio-stock-sell-call-24-193-more-cars-and-a-bigger-loss-q2-2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/nio-stock-sell-call-24193-more-cars-and-a-bigger-loss-q2-2026/","audio_url":"https://mcdn.podbean.com/mf/web/oqos1jxd71qgwtq7/audio_w.mp3","summary":"NIO Inc (NIO) Q2 2026 — NIO closed the reaction session at $4.06, -4.0% - the lowest close in twelve months, on 81m shares. It is 49.4% below its $7.89 high of 2 October 2025. NIO delivered 24,193 more vehicles in the June quarter than in the March quarter - a 29.0% jump, and 49.4% more than a year ago. Those extra cars brought RMB1,047m of incremental gross profit and cost RMB1,086m of incremental operating expense, so the operating loss WIDENED, from RMB309m to RMB347m. SG&A per vehicle fell just 1.9% on 29.0% more volume. And the volume is now gone: 35,934 cars in July, 35,836 in August, and a Q3 guide of 108,000-111,000 that is only +0.3% to +3.1% sequential. THE CALL: SELL (3/5, MODERATE) — base-case value ~$2.44 vs ~$4.06 today. KEY METRICS: - PERIOD: the THREE MONTHS ended 30 June 2026. NIO is a foreign private issuer: it files a 6-K, reports in RMB and translates at one rate, RMB6.7851 to US$1.00 (30 June H.10 noon buying rate). One ADS = ONE ordinary share - DELIVERIES 107,658 (+29.0% QoQ, +49.4% YoY) - but July 35,934 and August 35,836 against a Q2 monthly average of 35,886. Still 13.7% under the Q4 2025 peak of 124,807 - THE INCREMENTAL BRIDGE: +RMB1,047m gross profit vs +RMB1,086m opex = a RMB38m gap, exactly the widening in the operating loss. Incremental gross margin 15.9% vs 18.4% blended - REVENUE $4,736m (+69.1% YoY) - GROSS MARGIN 18.4%, up 840bp in a year - VEHICLE MARGIN 18.5% - OPERATING LOSS $51m - NET LOSS $78m - GAAP EPS -$0.04 vs a -$0.07 estimate - EARNINGS QUALITY: the RMB24.8m 'adjusted net profit attributable' is a RMB722m loss plus RMB554m stock comp plus RMB192m of accretion on redeemable NCI. Strip that last add-back and it is a RMB168m LOSS - BALANCE SHEET: RMB56.7bn ($8,352m) of cash - but trade and notes payable are $8,900m, MORE…","meta_description":"NIO Inc (NIO) Q2 2026 — NIO closed the reaction session at $4.06, -4.0% - the lowest close in twelve months, on 81m shares. It is 49.4% below its $7.89 hi…","key_points":[],"chapters":[],"topics":[],"duration_seconds":879,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/nio-stock-sell-call-24-193-more-cars-and-a-bigger-loss-q2-2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/nio-stock-sell-call-24-193-more-cars-and-a-bigger-loss-q2-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}