Why stocks don't move when NIO sells more cars?

When we look back 2023 and 2024, NIO sold a lot more cars than 23 (160k) vs 24 (222k). But why do we still are in mid $4 range??

That's because the fuckin loses remained almost the same we lost 3B in 23 and almost 3B in 24. So really if the balance sheet doesn't improve, we might as well sell 1 million cars, but we end up with 3 B loss then we will still go down to a $3 stock price.

The investments in infrastructure and the rental from battery should have come in by now, not sure why there is nothing significant from that front.

The investments in mobile phone seem to be a a total loss.