Bullish on Nio going forward

snipey
09-11

$NIO Inc.(NIO)$ $NIO-SW(09866)$ Today felt like a healthy consolidation day. It was about half the volume of the recent huge gain days and only a modest decline after massive gains since the ER.

I apparently got so relaxed with my Nio investment that I only just checked the weekly deliveries, and see that it's 4500. The first week of the month is usually very light, so I think that's a decent number, though not an earth-shaker either. Last month, the first couple of weeks were just over 3000 if memory serves, so there's still nice progress there.

And the countdown to Onvo is on (vo), and that's likely to be another catalyst next week and the following week along with an interest rate cut.

Still very bullish on Nio going forward.

XPeng Beats While NIO Lags: Which EV Will You Bet?
XPeng jumps 4% in the premarket trading after it reported third-quarter revenue of 10.1 billion yuan, compared to 8.53 billion yuan in the same period last year. The market had anticipated revenue of 9.91 billion yuan. Nio drops 5% after earnings. Revenue was 18.6735 billion yuan, a year-on-year decrease of 2.1%. Net loss amounted to 5.0597 billion yuan, an increase of 11.0% compared to the same period last year. --------------- XPeng Beats, NIO Misses: Which EV Maker Do You Bet On Amid the Shake-Up? What's your target price?
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