NIO Stock Falls 5% on Trademark Lawsuit

InvestorPlace2022-06-16

Nio(NIO) is down 4% today on news that European rival Volkswagen's(VWAGY) Audi has filed a trademark infringement lawsuit against it.At the same time, Jeffries has cut its forecast for electric ...

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Comments

AuntieAaA
2022-06-17
AuntieAaA
hope is good
不怕死
2022-06-17
不怕死
Thanks
Guavaxf30
2022-06-17
Guavaxf30
This bullshit lawsuit is not the reason for theplunge. Audi cannot claim to own the letter S, or the number 7.But what is real is the price rise on Tuesday and Wednesday was not fundamentally based. It was manipulation and we are seeing a pum and run happening. And it is not over. With all the negative news, we will likey see $15 tested again.
FGP
2022-06-17
FGP
red 👁 competitor
Guavaxf30
2022-06-17
Guavaxf30
This bullshit lawsuit can't be the real reason for the plunge. Cananyone really claim the exclusive rights to the letter S? And the number 7?But what is real is there is no reason for Nioprices to have gone up so much on Tuesday and Wednesday. and with all the news and events, likely we will be testing $15 again by next week. Sad but better to short than to long for now.
jesslzh
2022-06-17
jesslzh
Noted

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So far in 2022, NIO stock has fallen more than 40% to trade at less than $20 per share.What Happened With NIO StockThe most consequential news is that Audi has filed a lawsuit in a Munich court against Nio, alleging the Shanghai-based company has infringed on its trademark. Specifically, the company claims Nio’s decision to name two of its models ES6 infringes on Audi’s trademark for its own S6 and S8 model vehicles.Nio, whose sales are predominantly in China, is now pushing into the European automotive market. It entered Norway last year with plans to begin sales in Germany, the Netherlands, Sweden and Denmark this year. Nio has said it expects to initiate its sales in Germany with its ET7 electric sedan.At the same time, Jeffries Financial Group lowered it forecast for worldwide EV sales this year to 8.7 million from 9 million previously. It also lowered its 2023 estimate to 11.5 million, down from an earlier estimate of 11.8 million. Jeffries cited the impact of inflation and higher interest rates as the reasons for its diminished outlook.Why It MattersThe Audi lawsuit is the latest blow to Nio’s share price this year. In recent months, the company has also had to contend with an investigation by the U.S. Securities and Exchange Commission (SEC) into its accounting practices. Nio has also faced slower-than-expected production due to Covid-19 lockdowns in China and was forced to list its shares on the Singapore Exchange over concerns that it might be delisted in New York.For the electric vehicle sector, Jeffries sales downgrade also comes at a bad time. In recent days,Ford(NYSE:F) announced that it is recalling 50,000 of its Mustang Mach-EEV over safety issues. Additionally, Tesla(NASDAQ:TSLA) has come under public fire over its safety record and the autopilot system found in its vehicles. At the same time, Chinese automakers have been hobbled by production shutdowns due to Covid-19 lockdowns.What’s Next for NIO StockIt will be important to see if Nio can resolve the trademark dispute with Audi quickly and with little financial penalty for the automaker. A protracted legal battle will not help NIO stock or the company’s European expansion. In the meantime, Nio’s share price continues to come under pressure and fall lower.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9057069547,"gmtCreate":1655436947289,"gmtModify":1676535639839,"author":{"id":"3583049143664216","authorId":"3583049143664216","name":"AuntieAaA","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"hope is good","listText":"hope is good","text":"hope is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057069547","repostId":1186706257,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9057016291,"gmtCreate":1655435262913,"gmtModify":1676535639423,"author":{"id":"4091242839202020","authorId":"4091242839202020","name":"不怕死","avatar":"https://static.itradeup.com/news/ac91e7b85fb242bc024fdf8db31ba30f","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057016291","repostId":1186706257,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054420983,"gmtCreate":1655424114442,"gmtModify":1676535634967,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"This bullshit lawsuit is not the reason for theplunge. Audi cannot claim to own the letter S, or the number 7.But what is real is the price rise on Tuesday and Wednesday was not fundamentally based. It was manipulation and we are seeing a pum and run happening. And it is not over. With all the negative news, we will likey see $15 tested again.","listText":"This bullshit lawsuit is not the reason for theplunge. Audi cannot claim to own the letter S, or the number 7.But what is real is the price rise on Tuesday and Wednesday was not fundamentally based. It was manipulation and we are seeing a pum and run happening. And it is not over. With all the negative news, we will likey see $15 tested again.","text":"This bullshit lawsuit is not the reason for theplunge. Audi cannot claim to own the letter S, or the number 7.But what is real is the price rise on Tuesday and Wednesday was not fundamentally based. It was manipulation and we are seeing a pum and run happening. And it is not over. With all the negative news, we will likey see $15 tested again.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054420983","repostId":1186706257,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054462549,"gmtCreate":1655423982981,"gmtModify":1676535634893,"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":9,"crmLevelSwitch":1},"htmlText":"red 👁 competitor","listText":"red 👁 competitor","text":"red 👁 competitor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054462549","repostId":1186706257,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054410051,"gmtCreate":1655422628173,"gmtModify":1676535634227,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"This bullshit lawsuit can't be the real reason for the plunge. Cananyone really claim the exclusive rights to the letter S? And the number 7?But what is real is there is no reason for Nioprices to have gone&nbsp;up so much on Tuesday and Wednesday. and with all the news and events, likely we will be testing $15 again by next&nbsp;week. Sad but better to short than to long for now.","listText":"This bullshit lawsuit can't be the real reason for the plunge. Cananyone really claim the exclusive rights to the letter S? And the number 7?But what is real is there is no reason for Nioprices to have gone&nbsp;up so much on Tuesday and Wednesday. and with all the news and events, likely we will be testing $15 again by next&nbsp;week. Sad but better to short than to long for now.","text":"This bullshit lawsuit can't be the real reason for the plunge. Cananyone really claim the exclusive rights to the letter S? And the number 7?But what is real is there is no reason for Nioprices to have gone up so much on Tuesday and Wednesday. and with all the news and events, likely we will be testing $15 again by next week. Sad but better to short than to long for now.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":45,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054410051","repostId":1186706257,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054436280,"gmtCreate":1655422454340,"gmtModify":1676535634069,"author":{"id":"4099173660726180","authorId":"4099173660726180","name":"jesslzh","avatar":"https://static.tigerbbs.com/4a45f712cd48040341f4e9bf06fe0881","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054436280","repostId":1186706257,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":214,"commentSize":25,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1186706257"}