Analysts view Tesla’s price cuts as a potential competitive headwind for Nio. Its clear that NIO needs to stop losing money, but how One route I think it should avoid at all costs is cutting prices to take part in the EV price war. Not an offer or recommendation by Stocktwits. NIO (NIO) got off to a good start in 2023, after announcing a record 15,815 deliveries for December 2022, amounting to a 50.8 year-over-year increase. 59.89 Volume (M) 139.98M 52-Wk High 24.43 52-Wk Low 7.00 About Feed Fundamentals News Latest NIO News View 3rd Party Ad. Januat 10:11 AM 2 min read NIO ( NIO) opened at a record high this morning after big reveals during the electric vehicle maker’s investor day over the weekend. But Wall Street is less optimistic in its projection, calling for revenue growth of 30 percentage points lower than the management’s outlook. NIO NIO NIO Inc - ADR 372,101 7.73 0.06 (0.77) Today Sentiment 1.35 Message Vol. Its management forecasts a 90% rise in fiscal 2023 revenue, driven by higher volumes. ![]() The major question is whether there will be significant demand to meet that production ramp. The company continues to ramp up additional production capacity. For the full year, ending December, the loss is expected to be $1.02 per share, rising 21.4% year over year, while full-year revenue of $11.62 billion would rise 62% year over year. This compares to the year-ago quarter when it reported a per-share loss of 17 cents on revenue of $1.48 billion. Yahoo Finance Video Tesla's GM deal, Nio earnings, Corning upgrade: Top tickers Tesla shares trade higher after the company announced its EV charging partnership with GM. So, it’s possible that Nio has (this time) reached the low point of its delivery decline, making the growth picture when it reports on Friday more favorable from this point forward.įor the three months that ended April, Wall Street expects Nio to report a per-share loss of 41 cents on revenue of $1.68 billion. Currently, EVs now account for roughly a quarter of all vehicles sold in China. In 2022, NIO Inc.s revenue was 49.27 billion, an increase of 36.34 compared to the previous years 36.14 billion. After nearly doubling in 2022 with an 87% year over year growth, China alone accounts for close to 60% of global EV sales volume. This change outpaced the S&P 500s 0.61 loss on the day. But there are still several reasons to be optimistic given that the company operates in China, a high growth region.Ĭhina recently ranked as the second fastest-growing EV market in sales. (NIO) closed at 7.53, marking a +1.62 move from the previous day. There were questions at the start of the year as to whether Nio had reached the low point of the decline, and that clearly hasn’t been the case. Not only was that total the lowest figure Nio delivered in almost a year, it also marked an 8% sequential decline and a 12% year over year decline. The number of rigs has steadily fallen over the past four weeks, reaching 555 last week.The company recently reported its May delivery numbers of just over 6,155 vehicles delivered. The Baker-Hughes oil rig count is expected to come out at 13:00 ET. continues to experience a thick smoke condition from Canadian wildfires. Shares of Chinese electrical vehicle (EV) company Nio Limited (NIO) have been punished over the past six months, falling close to 40, compared to a 3. The news came out as the East Coast of the U.S. The National Oceanic and Atmospheric Administration said El Nino has emerged, with conditions expected to cause more extreme weather events. The most pressing concern for investors is NIO's path to. The USDA will release its supply and demand report for the month at 12:00 ET (16:00 GMT), detailing numbers for grains, soybeans and other commodities. The US13b market-cap company announced a latest loss of CN15b on 31 December 2022 for its most recent financial year result. ![]() Here are three things that could affect markets tomorrow:Ĭhinese electric vehicle maker Nio Inc (NYSE:NIO) is expected to report a $2.63 loss per share on revenue of $11.9 billion. Investors loved the prospects for Chinese electric-vehicle (EV) maker Nio ( NIO -1.52) two years ago when they drove its market cap to nearly 100 billion. ![]() Futures traders are also factoring in another quarter of a percentage point rate hike in July, depending on what the data say between now and then. The decision comes out on Wednesday, accompanied by a press conference by Chair Jerome Powell, who will likely be asked whether the Fed is nearing the end of its tightening phase.Įxpectations for a rate cut later this year are diminishing, though several Wall Street economists also see less of a chance of a recession. Futures markets are betting on the probability of a Fed pause next week. 7.79 +0.03 (+0.39) At close: 04:03PM EDT 7.81 +0.02 (+0.26) After hours: 07:35PM EDT Stock chart is not supported by your current browser All News Press releases Simply Wall St.
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