Short and sweet: 4th quarter deliveries expected to keep breaking higher. expect R n D expenses to remain high. does not see further disruption to production come October. Still focus on their expansion plan for next yr to Europe. USA should come in 2024. Expecting ET5 to be a changer to capture young Adults. short term (1 month) price target $22-24 range. price movement after earnings report does not show a pump and dump. Moves up only after 2nd day. it is a buy stock and hold for long term.
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NIO’s fell 17% on plans to raise $1 billion via convertible bonds.
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