NVDA
NVIDIA
-- 139.400 INTC
Intel
-- 27.390 TSLA
Tesla
-- 354.110 GRAB
Grab Holdings
-- 5.300 SMCI
Super Micro Computer
-- 55.800 
Why Nio share price plunging to 52-weeks low of $5.86
$NIO Inc (NIO.US)$ The article reported that Nio stock tumbled this week, plunging to a 52-week low of $5.86 per share as of this writing. By noon Friday, the electric vehicle (EV) stock had dropped 18% in the week, according to data provided by S&P Global Market Intelligence.
There are 2 main reasons:
1) NEV demand in China is falling. EV companies which depend predominantly on China will be badly hit first. Nio is one of them.
2) Despite the nice looking tech and EV upgrade (battery swap, mobile phone, EV model etc), it failed to increase delivery like its peers. Nio also loses the price cutting war initiated by Tesla due to its weak earnings (net loss, low cash, high operating cost etc).
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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ZnWC
Positive sum 🥂 Balanced view ⚖️ Trader
I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.
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ZnWC OP : Someone commented that Chinese EV stocks like Nio are cheap to buy last week. But the share price kept dipping lower.
bright Kangaroo_6971 : Be fearful while others are greedy. And be greedy while others are fearful
ZnWC OP bright Kangaroo_6971 : The article suggested that there are 10 stocks better than Nio. The fear and greed works if you're as skillful as Warren Buffett.
Revelation 6 : So I can buy more calls.
ZnWC OP Revelation 6 : Yes calls are very cheap now
Revelation 6 ZnWC OP : It doesn’t have to move much to make money, or lose it either. Options are a big gamble. I know you know what you what you’re doing, but for everyone else I don’t recommend you buy options at all.
ZnWC OP Revelation 6 : Whatever one buys, options or stocks, just make sure you know what you're doing. As always dyodd.
Revelation 6 : So true. You have to do the work to make the money or you just donate to the market. Heck, you’re u might anyway.