There’s a Much Better Way to Play Nio Stock
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At the end of September (Q3 2019), it had $274.3 million in cash. At the end of March (Q2 2019), it had $503.4 million in cash. At a quarterly burn rate of $229 million, it will finish the fiscal year with $45 million in cash. Add in the $1.6 billion raised in Q1 2020, and it should finish the first quarter with $1.4 billion in cash.
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