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Investors should steer clear of Nio stock - Motley Fool

Someone just posted an article about NIO new exaggerated sales target of 20,000 units per month. I totally agree with Motly Fool's comment about NIO :
NIO probably won't command a higher valuation until its shipments stabilize, its vehicle margins improve, and it meaningfully narrows its operating losses. Simply put, investors should steer clear of Nio and stick with other growth stocks instead.
Investors should steer clear of Nio stock - Motley Fool
In May, NIO delivered only 6,155 all-electric cars (globally) a slight decrease compared to both April (6,658) and the previous year (7,024, down 12 percent).
Quote:
Nio posted its first-quarter earnings report on June 9 -  maker's revenue rose 8% year over year to a U.S. equivalent of $1.55 billion, which missed analysts' estimates by $80 million. Its adjusted net loss more than tripled to $604 million...
A lot of those headwinds waned this year, but Nio's deliveries still declined 22% sequentially in the first quarter. For the second quarter, it expects its deliveries to decline sequentially again to 23,500 to 25,000 vehicles, and for its total revenue to decline 9% to 15% year over year. 
Another issue is its vehicle margin, which is being squeezed by the pricing war in China's EV market. That metric shrank from 20.1% in 2021 to 13.7% in 2022, and then dropped year over year from 18.1% to 5.1% in the first quarter of 2023.

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