Stock Track | NIO Shares Tumble 5.45% Pre-Market on Slower Holiday Period Sales

Stock Track10-10

Shares of Chinese electric vehicle maker NIO Inc. (NYSE: NIO) plunged 5.45% in pre-market trading on Tuesday, October 9th, as the company's recent insurance registration data hinted at weaker sales during the National Day holiday period in China.

According to data shared by rival EV maker Li Auto, NIO saw a 26.23% decline in insurance registrations in China for the week of September 30 - October 6, compared to the previous week. This drop is likely due to disruptions caused by the National Day holiday, which affected vehicle deliveries and insurance registrations across the EV industry.

The decline in insurance registrations, which serve as a proxy for sales, suggests that NIO may have experienced a temporary slowdown in demand or deliveries during the holiday period. While this is not uncommon during major holidays, it has raised concerns among investors about the company's near-term performance and outlook, leading to the pre-market sell-off in NIO's stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1195670753?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-10 03:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1195670753","market":"hk","top_or_hot":-1,"title":"Stock Track | NIO Shares Tumble 5.45% Pre-Market on Slower Holiday Period Sales","media":"Stock Track","content":"<p>Shares of Chinese electric vehicle maker NIO Inc. (NYSE: NIO) plunged 5.45% in pre-market trading on Tuesday, October 9th, as the company's recent insurance registration data hinted at weaker sales during the National Day holiday period in China.</p>\n\n<p>According to data shared by rival EV maker Li Auto, NIO saw a 26.23% decline in insurance registrations in China for the week of September 30 - October 6, compared to the previous week. This drop is likely due to disruptions caused by the National Day holiday, which affected vehicle deliveries and insurance registrations across the EV industry.</p>\n\n<p>The decline in insurance registrations, which serve as a proxy for sales, suggests that NIO may have experienced a temporary slowdown in demand or deliveries during the holiday period. While this is not uncommon during major holidays, it has raised concerns among investors about the company's near-term performance and outlook, leading to the pre-market sell-off in NIO's stock.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | NIO Shares Tumble 5.45% Pre-Market on Slower Holiday Period Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | NIO Shares Tumble 5.45% Pre-Market on Slower Holiday Period Sales\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-10 03:10 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Chinese electric vehicle maker NIO Inc. (NYSE: NIO) plunged 5.45% in pre-market trading on Tuesday, October 9th, as the company's recent insurance registration data hinted at weaker sales ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":"","article_id":"1195670753","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195670753","pubTimestamp":1728501059,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese electric vehicle maker NIO Inc.  plunged 5.45% in pre-market trading on Tuesday, October 9th, as the company's recent insurance registration data hinted at weaker sales during the National Day holiday period in China.According to data shared by rival EV maker Li Auto, NIO saw a 26.23% decline in insurance registrations in China for the week of September 30 - October 6, compared to the previous week. This drop is likely due to disruptions caused by the National Day holiday, whic","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来"},"translate_title":"由于假期销售放缓，蔚来股价盘前下跌5.45%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":1},"content_text":"Shares of Chinese electric vehicle maker NIO Inc. (NYSE: NIO) plunged 5.45% in pre-market trading on Tuesday, October 9th, as the company's recent insurance registration data hinted at weaker sales during the National Day holiday period in China.\nAccording to data shared by rival EV maker Li Auto, NIO saw a 26.23% decline in insurance registrations in China for the week of September 30 - October 6, compared to the previous week. This drop is likely due to disruptions caused by the National Day holiday, which affected vehicle deliveries and insurance registrations across the EV industry.\nThe decline in insurance registrations, which serve as a proxy for sales, suggests that NIO may have experienced a temporary slowdown in demand or deliveries during the holiday period. While this is not uncommon during major holidays, it has raised concerns among investors about the company's near-term performance and outlook, leading to the pre-market sell-off in NIO's stock.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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":"4.29.3","shortVersion":"4.29.3","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/1195670753"}