Macquarie has kept an outperform rating on NIO Inc, while other firms such as JPMorgan and Nomura have also expressed positive views, with Nomura upgrading its rating to buy. However, there are also reports of Macquarie downgrading NIO due to weak demand and policy risks, creating uncertainty around the company's outlook. NIO's stock price has been reported to be down, with the company's CEO expressing skepticism about the auto industry returning to a "golden era".