Includes major US listed companies involved in the manufacture and sale of electric vehicles. With growing environmental concerns such as the impacts of climate change, many governments and consumers are prioritizing the use of clean energy and reducing carbon emissions. EVs rely on advanced technologies such as battery storage, charging infrastructure, and autonomous driving. Investing in EV stocks offers exposure to companies in these key technological and sustainable advancements, and helps investors benefit from potential growth opportunities. Many governments are offering incentives for the purchase of EVs, including tax credits and subsidies, to encourage the adoption of cleaner vehicles. This support can create a favorable environment for EV manufacturers and suppliers, potentially leading to higher profits and improved stock market performance.
Based on the provided financial data for NIO Inc. in Q3 2024:
Improvements in Financial Health:
1) Gross Profit and Margin:
Gross profit increased significantly by 31.8% YoY and 18.9% QoQ, reaching RMB2,007.4 million.
Gross margin improved to 10.7%, up from 8.0% YoY and 9.7% QoQ.
2) Vehicle Margin:
Vehicle margin increased to 13.1%, up from 11.0% YoY and 12.2% QoQ, driven by reduced material costs.
3) Delivery Growth:
Deliveries reached 61,855 units, an 11.6% Y...
For those that wants to exit the market and sell all of their nvidia shares because of this dip, think twice.
I suggest you guys to just buy the dip and hold onto Nvidia if you trust Nvidia in the long term.
Time in the market always beat timing the market.
I entered $Tesla (TSLA.US)$ at 250, then it dropped to 210. I didn't panic but bought even more shares because you will never know when it will rise. As we are speaking now, Tesla is worth 345 per share and that made ...
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