The FED rate cuts:
0,25 or 0,50% ?
#fed
$SOFI (+3.07%)
$NIO (+5.57%)
$O (-2.97%)
$V (-1.28%)
$MA (-0.65%)
$NVDA (+5%)
#crypto
The FED rate cuts:
0,25 or 0,50% ?
#fed
$SOFI (+3.07%)
$NIO (+5.57%)
$O (-2.97%)
$V (-1.28%)
$MA (-0.65%)
$NVDA (+5%)
#crypto
Ouch, my biggest bad investment in my still young career as an investor. I sold the first 50%. The next ones will follow if it goes up a bit more.
I would then like to claim the losses against tax...
$NIO (+5.57%) Q2 Earnings Highlights:
🔹 Adj EPS: -$0.30 (Est. -$0.31) 🟢
🔹 Revenue: $2.4B (Est. $2.44B) 😐; UP +98.9% YoY
Q3 Guidance:
🔹 Revenue: $2.63B - $2.71B (Est. $2.54B) 🟢
🔹 Vehicle Deliveries: 61,000 - 63,000 units; UP +10% to +13.7% YoY
Q2 Financial Highlights:
🔹 Gross Profit: $232.4M; UP +1,841.0% YoY
🔹 Gross Margin: 9.7% (UP from 1.0% YoY)
🔹 Vehicle Margin: 12.2% (UP from 6.2% YoY)
🔹 Net Loss: $694.4M; DOWN -16.7% YoY
🔹 AdjNet Loss (Non-GAAP): $624.1M; DOWN -16.7% YoY
🔹 Cash and Cash Equivalents: $5.7B
Q2 Vehicle sales:
🔹 Vehicle Sales: $2.16B; UP +118.2% YoY
🔹 Vehicle Deliveries: 57,373 units; UP +143.9% YoY
🔸 Premium Smart Electric SUVs: 32,562 units
🔸 Premium Smart Electric Sedans: 24,811 units
Operating Metrics:
🔸 Vehicle Margin: 12.2% (UP from 6.2% YoY and 9.2% QoQ)
🔸 Gross Margin: 9.7% (UP from 1.0% YoY and 4.9% QoQ)
Recent Developments:
🔸 Record Deliveries: 57,373 vehicles in Q2 2024; NIO holds over 40% market share in China's premium BEV segment priced above RMB 300,000
🔸 Power Up Counties Plan: Expansion of charging and swapping network in China
🔸 Launch of ONVO Brand: Opened 105 stores and launched the L60 model
CEO William Bin Li's Commentary:
🔸 "In the second quarter of 2024, NIO achieved a record-breaking delivery of 57,373 premium smart electric vehicles, securing over 40% of the market share in the battery electric vehicle segment priced above RMB 300,000 in China. NIO's core competitive advantages in technology, product, service, and community are earning increasing recognition from users, driving the continued strong vehicle sales performance. The total delivery volume for the third quarter is expected to set another record, further solidifying and expanding market share."
+++ NIO expectations ahead of the quarterly figures +++
The electric vehicle manufacturer Nio ($NIO (+5.57%) ) will announce its second quarter results on Thursday before the market opens.
Wall Street is expecting a loss per share of -$0.30 on revenue of $2.44 billion. In each of the last two years, NIO has beaten earnings forecasts and revenue expectations by 38%.
Nio competes vigorously in the Chinese EV market, but reported a decline in deliveries in August and July. The resignation of CFO Steven Wei Feng adds to the challenges facing the Shanghai-based company.
"Analysts at Seeking Alpha and their quant ratings are cautious and rate the stock as a hold, while Wall Street analysts recommend it as a buy."
Despite expected strong sales growth, significant operating losses are likely to remain. Long-term prospects, such as battery replacements, could be promising but will take time to impact profitability.
Morgan Stanley analyst Tim Hsiao expects the gross profit margin for the second quarter to be in line with the company's targets, thanks to an improved product mix and economies of scale.
NIO recently unveiled ambitious plans to expand its charging stations in China, but the stock is down 54% so far this year, compared with a nearly 16% rise in the S&P 500 Index.
EPS estimates for the past three months have been revised up three times and none down, while revenue estimates have been revised up four times and none down.
The price target is $8.585 and the stock is covered by 24 analysts.
Buy
13
Hold
10
Sell
1
NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The Company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles. The Company's products mainly include ES8, ES6, EC6 and ET7. The Company develops battery swapping technologies and autonomous driving technologies. Its electric vehicles apply NAD (NIO Autonomous Driving) technology, including super computing platform NIO Adam and super sensing system NIO Aquila. The Company is also engaged in the provision of charging piles, vehicle internet connection services and extended lifetime warranties. The Company mainly conducts its businesses in the domestic market.