chipzzy
10-24

$NIO Inc.(NIO)$ Very happy that Tesla had a strong Q3, as that bodes well for Nio as well, especially if margins improved significantly. I think that's likely because Tesla's revenues came in below expectations, but their profits improved quite a bit and significantly exceeded expectations. It seems that margins were probably a big part of the story there. If Nio continues increasing its margins and gets its vehicle margin close to 15% for Q3, we'll see a huge jump in the share price.

Does anyone know what the Tesla margin numbers were for Q3 yet? I haven't seen them released, but I could be missing something.

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