TSLA wavers BYD, RIVN, XPEV NIO & LI stocks fell after Q4 delivery results out
Despite better than expected Q4 delivery results, $BYD COMPANY(01211.HK$ , $NIO Inc(NIO.US$ , $XPeng(XPEV.US$ , $Li Auto(LI.US$ and $Rivian Automotive(RIVN.US$ share price were down between 2.33% to 10.06% after the stock market closed. $Tesla(TSLA.US$ stock wavers with -0.02%. I have summarized the delivery results for your comparison:
Tesla:
Tesla delivered 484,507 vehicles in the Q4, after producing 494,989. The FactSet consensus was for deliveries to total 473,000 vehicles for the period. For all of 2023, deliveries grew 38% to 1.81 million vehicles, while production was up 35% to 1.85 million.
Tesla share price wavers with -0.02% after the market closed.
BYD:
For battery electric vehicles (BEV), BYD sold 526,400 units in Q4 and 1.59 million units for the whole year 2023, a 73% gain YOY. The company sold 3.02 million new energy vehicles (NEV) for the whole year 2023. Out of these, 1.59 million units were BEV, and the remaining 1.43 million units were plug-in hybrid electric vehicles (PHEV).
BYD share price fell 2.33% after the market closed.
Rivian:
Rivian produced 17,541 units and delivered 13,972 vehicles in Q4. Analysts had predicted Q4 vehicle deliveries growing 75% to 14,000. For the whole year 2023, Rivian produced 57,232 vehicles and delivered 50,122.
Rivian share price plunged 10.06% after the market closed.
Nio:
For the fourth quarter of 2023, NIO delivered 50,045 units, up 25% on a yearly basis. The cumulative deliveries of NIO were 449,594 vehicles for the whole year 2023.
Nio share price plunged 7.17% after the market closed.
Xpeng:
XPeng Q4 deliveries rocketed 171% to 60,158 units. XPeng’s cumulative deliveries reached 400,311 vehicles as of for the whole year 2023.
Xpeng share price fell 3.77% after the market closed.
Li Auto:
Li Auto Q4 deliveries shot up 184.6% to total 131,805 units. For the full year 2023, the company delivered 376,030 vehicles, up 182.21% YOY.
Li Auto share price plunged 7.59% after the market closed.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : Based on observation, the magnificent seven stocks are in the red after stock market closed. Hence the EV stock sell-off is caused by something else and not Q4 delivery results.
ZnWCOP : Someone made a post saying Tesla Q4 delivery result is disappointing. This comment is unfounded because Tesla delivery beats consensus Q4 473,000 vehicles delivery and whole year sales target 1.8 million units. This someone posted negative bias comments about Tesla regularly (almost daily) and should be ignored.
Tesla Q4 deliveries total 484,507 vehicles to beat consensus - Market Watch
Talented Mr Ripley : buying the dip on TSLA and RIVN tomorrow before the rebound. loading and hodling long.
ZnWCOP : Media commented that BYD fully electric vehicles delivery exceeded Tesla in Q4. This is nothing new and is expected given that the Chinese EV maker has the China's market advantage. Majority of BYD electric vehicles are sold in China while Tesla's delivery is spread globally (US, EU and China).
It is also no secret that BYD EVs low price is supported by China government subsidies. Currently BYD is under investigation by EU for such subsidies and may face heavy tariffs on future EV export to Europe market.
BYD, SAIC Motor and Geely under EU investigation into Chinese EV subsidies Tesla not in the list
ZnWCOP Talented Mr Ripley: I'm not sure about Rivian but Tesla may face more volatility when the company announces Q4 earnings on 24 Jan.
Talented Mr Ripley ZnWCOP: i bought shares of BYD through TD Ameritrade long ago, coincidentally just before W Buffet did. but i chose to close my position with an Okprofit.
ZnWCOP Talented Mr Ripley: I think BYD is a great company even Elon Musk commented recently "it is a highly competitive EV company". What I'm concerned about is the geopolitical risk which is also the reason Warren Buffett reduced the stakes in the stock.
Talented Mr Ripley ZnWCOP: you are exactly right. geo-political bs. thank you, fellow investor, ZnWC. i appreciate you and your posts.
skywalker74 ZnWCOP: state and companies' sponsored rubbish against tesla. gullible investors might sway towards a certain idiot who has been posting anti tesla news daily.