Could Nio stock really get delisted?
NIO Inc. (NYSE:NIO) has seen 34.35 million shares traded in the recent trading session. The company, currently valued at $53.44B, closed the recent trade at $46.04 per share which meant it gained $0.36 on the day or 0.79% during that session. The NIO stock ...
Why is Nio selling off?
- Cenntro's stock is likely still under post-merger pressure. ...
- Nikola, which delivered its first four electric semisto a customer in December, continued its steady announcement of small dealslast week. ...
- Nio got some praise from Wall Street on Monday morning. ...
Why is Xpeng stock dropping?
While the stocks could see some volatility going forward, given the rising interest rate environment and potential tensions with China, the underlying business should continue to fare well. Demand for electric vehicles remains hot in China supported by favorable regulation.
Will Nio be delisted?
Nio and rival XPeng are rapidly scaling their production as competition heats up. Nio is pursuing a listing on the Singapore Exchange. Update, February 8: NYSE: NIO kicked off a new week on the front foot and climbed to fresh three-day highs at $24.78 before reversing most gains to close Monday flat at $23.99.
Is it good to buy NIO stock?
NIO reported better-than-expected Q1 results, despite inflation and lockdown headwinds. The growth outlook is strong thanks to international expansion and the introduction of new models. Shares are comparatively cheap, but growth stocks are struggling, and investors might see even lower prices in the coming months.
Is NIO stock going to recover?
Is NIO Expected To Grow? In the short term, NIO is still expected to grow in 2022 albeit at a slower pace as compared to 2021. As per the chart below, the sell-side analysts have been cutting NIO's top line forecasts for 1H 2022, after the company reported Q1 2022 deliveries and Q4 2021 results.
Can NIO reach Tesla?
With a market cap of $88.5B, Nio is valued at approximately 1/9 the size of Tesla. Even if Nio could become a third the size of Tesla, investors would return 3x on their money.
How big will NIO get?
NIO delivered 25,034 vehicles in the fourth quarter of 2021 – 44.3% higher than the same quarter in 2020, according to the company's most recently announced results. Meanwhile, the number of vehicles delivered in 2021 hit 91,429. This was 109.1% up on the 43,727 during 2020. Vehicle sales were RMB9.
What happened
So what
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) were trading lower on Monday, in the aftermath of a crash that killed a prominent Chinese entrepreneur. An initial report indicated that the victim's Nio had its hands-free driving system engaged at the time of the crash.
Now what
Lin Wenquin, the 31-year-old founder of several successful Chinese restaurant chains, died after his Nio ES8 crashed in Fujian on Aug. 12. According to an obituary posted to his company's WeChat account on Saturday, Lin's Nio had been operating on "Navigation on Pilot" (NOP), a hands-free highway-driving system similar to Tesla 's Autopilot.
Why It Matters
Car accidents happen, of course. But there are two specific issues here that are likely contributing to the move in the stock:
Why It Matters
Things have been fairly mixed for Chinese EV stocks today. Nio’s two primary peers are trading differently. XPeng (NYSE: XPEV) has fallen by 0.25% today in a pattern that closely mimics what we’ve seen from Nio. Li Auto (NASDAQ: LI ), on the other hand, is up 0.16%.
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NIO stock’s recent performance is clearly a good news/bad news type of scenario. The recent numbers have been disappointing. But as Cooper reminds us, it’s important to focus on the road ahead. Nio will have plenty of chances to regain the momentum it lost in recent months. The primary question is, how long will it take?
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