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王三岁m

王三岁m

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09-16

Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....

iPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says

2022-03-10

$NIO Inc.(NIO)$9688:hk

07-26

A little to late isnt it.

US Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation

2022-06-29

And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?

NIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report

2022-01-20

$Luckin Coffee Inc.(LKNCY)$Luckin to relist ?

2022-06-29

$NIO Inc.(NIO)$https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.

10-29

Why would Lu reply for commment when he went on to open cotton coffee ? A direct competition with the exact copy from the play book ?

China’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal

10-11

Never hear off? Which mountain u came from ?

An $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7

2023-12-17

Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?

NIO: FQ4'23 May Be A Smashing Success

2023-03-17

$Luckin Coffee Inc.(LKNCY)$ Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/

2022-11-11

Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....

NIO Q3: Get Comfortable With Single-Digit Prices

2023-06-22

When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......

NIO: Sell This Dead Cat Bounce

2022-12-23

Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....

Tesla Shares Rallied 2% in Premarket Trading

2022-08-26

Please counter sue to make them pay forbthe mess they creates

NIO Inc. Announces Substantial Completion of Independent Internal Review

2023-09-07

Ah seeking alpha the nio basher .....

NIO Is Not The Next Tesla

2022-12-29

$Gaotu Techedu Inc.(GOTU)$ https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason

2022-09-19

Tell me you are shorting without telling me you areshorting 😂

This is Why Nio Stock Might be in Trouble

01-23

Which intern wrote this trash. $1.30 u must as well say $0 ?

NIO Stock's Nosedive Looks Fair

Go to Tiger App to see more news

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A direct competition with the exact copy from the play book ?&nbsp;","listText":"Why would Lu reply for commment when he went on to open cotton coffee ? A direct competition with the exact copy from the play book ?&nbsp;","text":"Why would Lu reply for commment when he went on to open cotton coffee ? A direct competition with the exact copy from the play book ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365184224432280","repostId":"2479496216","repostType":2,"repost":{"id":"2479496216","pubTimestamp":1730165085,"share":"https://ttm.financial/m/news/2479496216?lang=&edition=fundamental","pubTime":"2024-10-29 09:24","market":"us","language":"en","title":"China’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal","url":"https://stock-news.laohu8.com/highlight/detail?id=2479496216","media":"Financial Times","summary":"China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud sca","content":"<html><head></head><body><p>China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud scandal that resulted in its Nasdaq delisting and a $180mn fine.</p><p>The Xiamen-based company is laying the groundwork for a US launch as early as next year, building out its supply chain and customising its technology for the market, according to two people with knowledge of the matter.</p><p>The expansion comes nearly five years after it was exposed for inflating revenues after raising $645mn in a US initial public offering in 2019. The fraud led to a wave of investor lawsuits and the company being booted off the main Nasdaq exchange.</p><p>Luckin’s annual revenue of Rmb24.9bn ($3.5bn) exceeded Starbucks’ in China for the first time in 2023, though Starbucks has fewer outlets and its sales per store in China tend to be higher. The company’s revenue rose 35 per cent in the second quarter of this year to Rmb8.4bn, with Rmb871mn in net income.</p><p>In July, Luckin said it opened its 20,000th store in the country, while Starbucks has just over 7,300 locations. The Seattle-based company’s China slowdown is coming as sales are falling in the US, with the number of transactions declining by a tenth in its latest quarter. Brian Niccol, the company’s new chief executive, has said his priority is reviving US growth.</p><p>Luckin will target cities with large numbers of Chinese students and tourists such as New York, the people said. The company has been running advertisements during NBA games to build name recognition ahead of its planned launched, added one of the people.</p><p>Luckin wants to leverage its experience selling affordable coffee in China and undercut US incumbents by selling drinks priced around $2 or $3, the people added.</p><p>Luckin Coffee declined to comment.</p><p>“Luckin Coffee is one of the great turnaround stories in Chinese business history,” said Shaun Rein, founder of China Market Research Group. “Many people thought they were dead, but underlying the fraud was a company with great technology and decent coffee at a competitive price.</p><p>“Over the past three years, Luckin has grabbed massive market share from Starbucks in China,” he added. “Now, it is coming after Starbucks on its home turf.”</p><p>Since the scandal, Luckin has overhauled its top management, kicking out the founder Lu Zhengyao, who Luckin alleges was responsible for the fraud. Lu did not respond to a request for comment.</p><p>Beijing-based private equity group Centurium Capital, an early investor in the company, became its controlling shareholder after acquiring the founder’s stake.</p><p>Luckin has been building out its supply chain as it prepares for the US launch and an expansion in south-east Asia. This year, it opened a $120mn roasting plant with an annual roasting capacity of 30,000 tonnes in Kunshan in the eastern province of Jiangsu.</p><p>Luckin will have to adapt its cashless business model to the US market, said experts. Customers in its China stores have to order through an app, which offers discounts for group purchases and collects a wealth of data on consumer behaviour.</p><p>“The customer service experience here is just so different,” said Sharon Zackfia, a US-based consumer analyst at investment bank William Blair. “Starbucks kind of owns this market.”</p><p>The US coffee market is fiercely competitive. Besides Starbucks’ nearly 17,000 US stores, coffee-and-doughnuts chain Dunkin’ has more than 9,500 locations. New York-listed Dutch Bros has about 900 drive-through coffee outlets after expanding by a fifth in the past year. Meanwhile, coffee is sold everywhere from McDonald’s to convenience stores.</p><p>“Luckin faces a new challenge in the US, which is very saturated. Whereas in China it is opening up new markets with its coffee, bringing new consumers to the drink, in the US, the consumers already know what coffee is and have expectations,” said John Zolidis, founder of investment adviser Quo Vadis Capital.</p></body></html>","source":"yahoofinance","collect":0,"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>China’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal</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\">\nChina’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-29 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-luckin-coffee-plans-us-000002945.html><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-luckin-coffee-plans-us-000002945.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0882574139.USD":"富达环球消费行业基金A ACC","BK4504":"桥水持仓","LKNCY":"瑞幸咖啡","LU0823411888.USD":"法巴消费创新基金 Cap","BK4209":"餐馆","BK4212":"包装食品与肉类","BK4535":"淡马锡持仓","SBUX":"星巴克","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"source_url":"https://finance.yahoo.com/news/china-luckin-coffee-plans-us-000002945.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2479496216","content_text":"China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud scandal that resulted in its Nasdaq delisting and a $180mn fine.The Xiamen-based company is laying the groundwork for a US launch as early as next year, building out its supply chain and customising its technology for the market, according to two people with knowledge of the matter.The expansion comes nearly five years after it was exposed for inflating revenues after raising $645mn in a US initial public offering in 2019. The fraud led to a wave of investor lawsuits and the company being booted off the main Nasdaq exchange.Luckin’s annual revenue of Rmb24.9bn ($3.5bn) exceeded Starbucks’ in China for the first time in 2023, though Starbucks has fewer outlets and its sales per store in China tend to be higher. The company’s revenue rose 35 per cent in the second quarter of this year to Rmb8.4bn, with Rmb871mn in net income.In July, Luckin said it opened its 20,000th store in the country, while Starbucks has just over 7,300 locations. The Seattle-based company’s China slowdown is coming as sales are falling in the US, with the number of transactions declining by a tenth in its latest quarter. Brian Niccol, the company’s new chief executive, has said his priority is reviving US growth.Luckin will target cities with large numbers of Chinese students and tourists such as New York, the people said. The company has been running advertisements during NBA games to build name recognition ahead of its planned launched, added one of the people.Luckin wants to leverage its experience selling affordable coffee in China and undercut US incumbents by selling drinks priced around $2 or $3, the people added.Luckin Coffee declined to comment.“Luckin Coffee is one of the great turnaround stories in Chinese business history,” said Shaun Rein, founder of China Market Research Group. “Many people thought they were dead, but underlying the fraud was a company with great technology and decent coffee at a competitive price.“Over the past three years, Luckin has grabbed massive market share from Starbucks in China,” he added. “Now, it is coming after Starbucks on its home turf.”Since the scandal, Luckin has overhauled its top management, kicking out the founder Lu Zhengyao, who Luckin alleges was responsible for the fraud. Lu did not respond to a request for comment.Beijing-based private equity group Centurium Capital, an early investor in the company, became its controlling shareholder after acquiring the founder’s stake.Luckin has been building out its supply chain as it prepares for the US launch and an expansion in south-east Asia. This year, it opened a $120mn roasting plant with an annual roasting capacity of 30,000 tonnes in Kunshan in the eastern province of Jiangsu.Luckin will have to adapt its cashless business model to the US market, said experts. Customers in its China stores have to order through an app, which offers discounts for group purchases and collects a wealth of data on consumer behaviour.“The customer service experience here is just so different,” said Sharon Zackfia, a US-based consumer analyst at investment bank William Blair. “Starbucks kind of owns this market.”The US coffee market is fiercely competitive. Besides Starbucks’ nearly 17,000 US stores, coffee-and-doughnuts chain Dunkin’ has more than 9,500 locations. New York-listed Dutch Bros has about 900 drive-through coffee outlets after expanding by a fifth in the past year. Meanwhile, coffee is sold everywhere from McDonald’s to convenience stores.“Luckin faces a new challenge in the US, which is very saturated. Whereas in China it is opening up new markets with its coffee, bringing new consumers to the drink, in the US, the consumers already know what coffee is and have expectations,” said John Zolidis, founder of investment adviser Quo Vadis Capital.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358966321270976,"gmtCreate":1728646270969,"gmtModify":1728646274763,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Never hear off? Which mountain u came from ?","listText":"Never hear off? Which mountain u came from ?","text":"Never hear off? Which mountain u came from ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358966321270976","repostId":"2473256973","repostType":2,"repost":{"id":"2473256973","pubTimestamp":1728645228,"share":"https://ttm.financial/m/news/2473256973?lang=&edition=fundamental","pubTime":"2024-10-11 19:13","market":"us","language":"en","title":"An $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2473256973","media":"Fortune","summary":"With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, de","content":"<html><head></head><body><p>With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?</p><p>The overlooked Magnificent Seventh is Broadcom, a tech company that produces both hardware and software. It&#39;s well known in the infotech world but unfamiliar beyond it. The Magnificent Seven, conceived as a group of stocks in early 2023, are the most valuable U.S. tech companies by market capitalization. In  descending order they include Apple (recent market cap: $3.48 trillion), Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla (recent market cap: $763 billion). Yet Broadcom’s market cap slipped past Tesla’s last spring and has stayed ahead of the EV-maker for most of the year. Its market cap is currently around $867 billion on Oct 10.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d039f35bd4b2a443de9b659eebd276c2\" tg-width=\"464\" tg-height=\"235\"/></p><p>Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.</p><p>So how did this quiet giant sneak into the highest reaches of tech royalty? Mostly by a combination of tech savvy and financial acumen. The company is a grandchild of Hewlett-Packard, which in 1999 spun off a company called Agilent Technologies, which in turn spun off a company called Avago to a pair of private equity firms in 2005. Avago began buying up semiconductor firms, in 2015 buying a big one called Broadcom and taking its name.</p><p>Broadcom’s PE ancestry has guided it ever since that spinoff. “Broadcom operates pretty much like a PE firm, where it invests in assets that can deliver quick returns,” says Naveen Chhabra, an analyst at the Forrester research and consulting firm. It’s “astute in terms of investing in firms where it can maintain or grow the revenue” and at the same time “can turn the company into a high margin business.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e351041a9f1ec1a6aebe816a2f76c6a0\" title=\"\" tg-width=\"791\" tg-height=\"503\"/></p><p>Exhibit A is Broadcom’s biggest acquisition, the cloud-computing firm VMware, which it bought last November. A Forrester report for VMware customers warns them, “Don’t let the price jumps shock you…. In most cases, customers will find the renewal quotes multiple times higher than what they paid in the past.” </p><p>Wall Street approves of Broadcom’s changes. “They appear to be killing it on VMware,” says Bernstein analyst Stacy Rasgon, “which markedly exceeded expectations in the quarter and which seems poised to continue growing.”</p><p>Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, demand has been sky high. Broadcom’s sales of AI chips in fiscal 2023 were $4.2 billion, BofA Securities reports. The firm expects AI chip sales will rocket to $12.1 billion this year and $16.9 billion next year.</p><p>Broadcom’s chip expertise along with VMware’s success has propelled Broadcom’s market cap from just above that of McDonald’s when OpenAI released ChatGPT in November 2022, to Magnificent Seven levels today.</p><p>A critical element of Broadcom’s success and its future is CEO Hock Tan, who was recruited to run the company when Avago was spun off in 2005. Now age 72, he was born in Malaysia and earned engineering degrees from MIT plus an MBA from the Harvard Business School. He has spent most of his career in tech companies, though he also held finance jobs at PepsiCo and General Motors—thus the company’s joint expertise in technology and finance. In recent years, Tan has been among the most highly paid U.S. CEOs; he made $162 million last year. Succession is an obvious issue for the company, but no successor is apparent. Tan has said he’ll continue to run the company for at least four more years.</p><p>Wall Street analysts are mostly cheering for Broadcom. “Numbers look likely to keep going up,” says Bernstein’s Rasgon. “And valuation is looking increasingly attractive.” JP Morgan’s Harlan Sur says the stock “remains our top pick in semiconductors.” </p><p>No tree grows to the sky, but for now the sun is shining brightly on this company. Beyond that, the only certainty is that Broadcom can’t be anonymous anymore.</p></body></html>","source":"yahoofinance","collect":0,"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>An $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7</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\">\nAn $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/803-billion-company-most-people-080000771.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?The overlooked Magnificent Seventh is Broadcom, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/803-billion-company-most-people-080000771.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4575":"芯片概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","TSLA":"特斯拉","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4527":"明星科技股","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4588":"碎股","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4141":"半导体产品","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","AVGO":"博通","BK4574":"无人驾驶","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","AVGOP":"BROADCOM INC PFD SER A 22","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","BK4592":"伊斯兰概念","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4585":"ETF&股票定投概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC"},"source_url":"https://finance.yahoo.com/news/803-billion-company-most-people-080000771.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2473256973","content_text":"With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?The overlooked Magnificent Seventh is Broadcom, a tech company that produces both hardware and software. It's well known in the infotech world but unfamiliar beyond it. The Magnificent Seven, conceived as a group of stocks in early 2023, are the most valuable U.S. tech companies by market capitalization. In  descending order they include Apple (recent market cap: $3.48 trillion), Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla (recent market cap: $763 billion). Yet Broadcom’s market cap slipped past Tesla’s last spring and has stayed ahead of the EV-maker for most of the year. Its market cap is currently around $867 billion on Oct 10.Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.So how did this quiet giant sneak into the highest reaches of tech royalty? Mostly by a combination of tech savvy and financial acumen. The company is a grandchild of Hewlett-Packard, which in 1999 spun off a company called Agilent Technologies, which in turn spun off a company called Avago to a pair of private equity firms in 2005. Avago began buying up semiconductor firms, in 2015 buying a big one called Broadcom and taking its name.Broadcom’s PE ancestry has guided it ever since that spinoff. “Broadcom operates pretty much like a PE firm, where it invests in assets that can deliver quick returns,” says Naveen Chhabra, an analyst at the Forrester research and consulting firm. It’s “astute in terms of investing in firms where it can maintain or grow the revenue” and at the same time “can turn the company into a high margin business.”Exhibit A is Broadcom’s biggest acquisition, the cloud-computing firm VMware, which it bought last November. A Forrester report for VMware customers warns them, “Don’t let the price jumps shock you…. In most cases, customers will find the renewal quotes multiple times higher than what they paid in the past.” Wall Street approves of Broadcom’s changes. “They appear to be killing it on VMware,” says Bernstein analyst Stacy Rasgon, “which markedly exceeded expectations in the quarter and which seems poised to continue growing.”Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, demand has been sky high. Broadcom’s sales of AI chips in fiscal 2023 were $4.2 billion, BofA Securities reports. The firm expects AI chip sales will rocket to $12.1 billion this year and $16.9 billion next year.Broadcom’s chip expertise along with VMware’s success has propelled Broadcom’s market cap from just above that of McDonald’s when OpenAI released ChatGPT in November 2022, to Magnificent Seven levels today.A critical element of Broadcom’s success and its future is CEO Hock Tan, who was recruited to run the company when Avago was spun off in 2005. Now age 72, he was born in Malaysia and earned engineering degrees from MIT plus an MBA from the Harvard Business School. He has spent most of his career in tech companies, though he also held finance jobs at PepsiCo and General Motors—thus the company’s joint expertise in technology and finance. In recent years, Tan has been among the most highly paid U.S. CEOs; he made $162 million last year. Succession is an obvious issue for the company, but no successor is apparent. Tan has said he’ll continue to run the company for at least four more years.Wall Street analysts are mostly cheering for Broadcom. “Numbers look likely to keep going up,” says Bernstein’s Rasgon. “And valuation is looking increasingly attractive.” JP Morgan’s Harlan Sur says the stock “remains our top pick in semiconductors.” No tree grows to the sky, but for now the sun is shining brightly on this company. Beyond that, the only certainty is that Broadcom can’t be anonymous anymore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","crmLevel":9,"crmLevelSwitch":1,"idStr":"3584079457608282","authorIdStr":"3584079457608282"},"content":"Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writer","text":"Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writer","html":"Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writer"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349961824346272,"gmtCreate":1726475602865,"gmtModify":1727085972867,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....&nbsp;","listText":"Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....&nbsp;","text":"Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":31,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/349961824346272","repostId":"1141860578","repostType":2,"repost":{"id":"1141860578","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1726475122,"share":"https://ttm.financial/m/news/1141860578?lang=&edition=fundamental","pubTime":"2024-09-16 16:25","market":"us","language":"en","title":"iPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141860578","media":"Tiger Newspress","summary":"Apple analyst Ming-Chi Kuo today said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been \"lower than expected\" since the devices became available to pre-order in the U.S. and dozens of other ","content":"<html><head></head><body><p>Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been &#34;lower than expected&#34; since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a &#34;supply chain survey&#34; and shipping estimates listed on Apple&#39;s online store.</p><p>Apple shares slid 1.27% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8e1453ee0f62952b7b3f490867a758b3\" tg-width=\"744\" tg-height=\"628\"/></p><p>Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend sales of the iPhone 15 series last year. The analyst said a key factor for the decline is the lower demand for the Pro models, with first-weekend sales of the iPhone 16 Pro and iPhone 16 Pro Max estimated to be down 27% and 16%, respectively, compared to iPhone 15 Pro and iPhone 15 Pro Max sales during the equivalent period last year.</p><p>The standard iPhone 16 and iPhone 16 Plus have seen higher demand than the iPhone 15 and iPhone 15 Plus during the first weekend of sales, but this has not been enough to offset the lower demand for the Pro models, according to Kuo.</p><p>Kuo said a major reason for the iPhone 16 Pro models having lower-than-expected demand is that Apple Intelligence will not be available on the devices when they launch on Friday. Instead, the first Apple Intelligence features are rolling out with iOS 18.1 in October. In addition, the analyst said the iPhone is facing &#34;intense competition&#34; in China.</p></body></html>","collect":0,"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>iPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says</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\">\niPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-09-16 16:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been &#34;lower than expected&#34; since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a &#34;supply chain survey&#34; and shipping estimates listed on Apple&#39;s online store.</p><p>Apple shares slid 1.27% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8e1453ee0f62952b7b3f490867a758b3\" tg-width=\"744\" tg-height=\"628\"/></p><p>Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend sales of the iPhone 15 series last year. The analyst said a key factor for the decline is the lower demand for the Pro models, with first-weekend sales of the iPhone 16 Pro and iPhone 16 Pro Max estimated to be down 27% and 16%, respectively, compared to iPhone 15 Pro and iPhone 15 Pro Max sales during the equivalent period last year.</p><p>The standard iPhone 16 and iPhone 16 Plus have seen higher demand than the iPhone 15 and iPhone 15 Plus during the first weekend of sales, but this has not been enough to offset the lower demand for the Pro models, according to Kuo.</p><p>Kuo said a major reason for the iPhone 16 Pro models having lower-than-expected demand is that Apple Intelligence will not be available on the devices when they launch on Friday. Instead, the first Apple Intelligence features are rolling out with iOS 18.1 in October. In addition, the analyst said the iPhone is facing &#34;intense competition&#34; in China.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141860578","content_text":"Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been \"lower than expected\" since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a \"supply chain survey\" and shipping estimates listed on Apple's online store.Apple shares slid 1.27% in premarket trading.Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend sales of the iPhone 15 series last year. The analyst said a key factor for the decline is the lower demand for the Pro models, with first-weekend sales of the iPhone 16 Pro and iPhone 16 Pro Max estimated to be down 27% and 16%, respectively, compared to iPhone 15 Pro and iPhone 15 Pro Max sales during the equivalent period last year.The standard iPhone 16 and iPhone 16 Plus have seen higher demand than the iPhone 15 and iPhone 15 Plus during the first weekend of sales, but this has not been enough to offset the lower demand for the Pro models, according to Kuo.Kuo said a major reason for the iPhone 16 Pro models having lower-than-expected demand is that Apple Intelligence will not be available on the devices when they launch on Friday. Instead, the first Apple Intelligence features are rolling out with iOS 18.1 in October. In addition, the analyst said the iPhone is facing \"intense competition\" in China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":331739985596512,"gmtCreate":1721999154223,"gmtModify":1721999157701,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"A little to late isnt it.&nbsp;","listText":"A little to late isnt it.&nbsp;","text":"A little to late isnt it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/331739985596512","repostId":"2454349805","repostType":2,"repost":{"id":"2454349805","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1721998414,"share":"https://ttm.financial/m/news/2454349805?lang=&edition=fundamental","pubTime":"2024-07-26 20:53","market":"us","language":"en","title":"US Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation","url":"https://stock-news.laohu8.com/highlight/detail?id=2454349805","media":"Reuters","summary":"(Adds detail in paragraphs 2-3)      July 26 (Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Le","content":"<html><head></head><body><p>(Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.</p><p>Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm&#39;s position once the stocks moved, the SEC alleged.</p><p>The Justice Department also charged Left with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.</p></body></html>","collect":0,"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>US Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation</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\">\nUS Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-07-26 20:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.</p><p>Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm&#39;s position once the stocks moved, the SEC alleged.</p><p>The Justice Department also charged Left with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2454349805","content_text":"(Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm's position once the stocks moved, the SEC alleged.The Justice Department also charged Left with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":266182460584160,"gmtCreate":1706021607855,"gmtModify":1706022300662,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Which intern wrote this trash. $1.30 u must as well say $0 ?&nbsp;","listText":"Which intern wrote this trash. $1.30 u must as well say $0 ?&nbsp;","text":"Which intern wrote this trash. $1.30 u must as well say $0 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266182460584160","repostId":"2405129752","repostType":2,"repost":{"id":"2405129752","pubTimestamp":1706013524,"share":"https://ttm.financial/m/news/2405129752?lang=&edition=fundamental","pubTime":"2024-01-23 20:38","market":"us","language":"en","title":"NIO Stock's Nosedive Looks Fair","url":"https://stock-news.laohu8.com/highlight/detail?id=2405129752","media":"seekingalpha","summary":"NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies o","content":"<html><body><ul><li>NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.</li><li>As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies of similar scale, not speaking about giants like Tesla or Mercedes-Benz.</li><li>My target price for the stock is $1.3.</li></ul><p><figure><picture> <img loading=\"lazy\" src=\"https://media.gettyimages.com/id/1251932252/ru/%D1%84%D0%BE%D1%82%D0%BE/a-nio-inc-et5-electric-sedan-at-a-nio-showroom-in-shanghai-china-on-monday-april-17-2023.jpg?b=1&amp;s=594x594&amp;w=0&amp;k=20&amp;c=HW4jxnr3Ql1rwqPBIIhQJuAVBoxIePrX-xExYx0coCw=\"/> </picture><figcaption> <p>Bloomberg/Bloomberg via Getty Images</p></figcaption></figure></p> <h2>Introduction</h2> <p>NIO's (<span>NYSE:NIO</span>) stock, currently trading at one-tenth of its peak reached in early 2021, may appear enticing for a buy-the-dip strategy. However, my valuation analysis indicates substantial potential for further decline. Beyond overvaluation concerns, fundamental analysis highlights NIO's increasing<span> competition in the Chinese electric vehicle (EV) market and the impending challenge of contending with established German luxury automakers in the premium segment. Given the cloudy outlook and overvaluation, I am inclined to assign a 'Strong Sell' rating to NIO.</span></p> <h2>Fundamental analysis</h2> <p>NIO Inc. is a Chinese automotive company that positions itself as a premium EV brand. According to the company's latest quarterly report, NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV; the ES7 (or the EL7), a mid-large five-seater smart electric SUV; the ES6 (or the EL6), a five-seater all-round smart electric SUV, the EC7, a five-seater smart<span> electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, the ET5, a mid-size smart electric sedan, and the ET5T, a smart electric tourer. The Chinese EV market is highly competitive, with over </span>94 brands<span> offering more than 300 models.</span></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-1705918672051172.png\"/></span><figcaption><p><span>Counterpoint</span></p></figcaption></figure></p> <p>The company delivered 160k vehicles in 2023, which was 30.7% higher than 2022. Numbers lack significance without context, so let me provide some additional insight here. According to Nikkei Asia, the overall Chinese EV market expanded by 38% in 2023 on a YoY basis. The fact that NIO lagged behind the overall Chinese market's growth pace is not very good, as it indicates that the company lost its market share to competitors in 2023. By the way, according to the same source, Nikkei, there were 9.5 million units of EVs sold in China in 2023. This means that NIO holds around 1.7% market share in China. For comparison, the Chinese EV leader in terms of delivery volumes, BYD (OTCPK:BYDDF), sold 1.6 million fully electric vehicles in 2023, ten times more than NIO. The undisputable U.S. EV leader, Tesla (TSLA) has a plant in Shanghai, China. Tesla delivered 947k vehicles from this plant in 2023, almost six times more than NIO did.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-1705916297652555.png\"/></span><figcaption><p><span>Nikkei Asia</span></p></figcaption></figure></p> <p>Besides these two EV giants, NIO also competes with several large legacy automakers switching to EVs. The Chinese EV market's annual sales are nearly 10 million cars, and its rapid growth renders it highly appealing to all automakers. As NIO focuses on the premium segment, it's crucial to observe the strategies employed by German luxury automakers in China. For example, Mercedes-Benz (OTCPK:MBGAF) sees China as the major long-term EV sales driver. Interestingly, prominent Chinese investors hold nearly 20% of Mercedes' shares, further indicating a strong inclination towards prioritizing the Chinese market. Another iconic German luxury brand, BMW (OTCPK:BMWYY), sold far fewer cars in China last year than NIO, slightly below 100k EVs. But the growth momentum is massive, soaring 138% YoY, which means BMW is rapidly gaining share in the Chinese EV market. I came across a compelling BCG chart illustrating low overall automotive brand loyalty in China, with foreign premium brands, especially German ones, enjoying the highest loyalty levels. Despite the chart being a decade old, the durable nature of products like cars suggests that customer behavior may not have shifted dramatically. Hence, I believe this chart remains relevant today, signaling a challenging path for NIO to surpass the customer loyalty achieved by established German luxury automakers such as Mercedes and BMW.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-17059190421523125.png\"/></span><figcaption><p><span>BCG</span></p></figcaption></figure></p> <p>The competition from NIO's close Chinese rivals like Li Auto (LI) and Zeekr is also fierce. Both these brands also position themselves as premium cars. And NIO is losing to LI by a wide margin. Li Auto delivered 376k vehicles in 2023, which was up 182% YoY. Zeekr sold less than Nio in 2023, about 119k vehicles in 2023, but is planning to double deliveries in 2024 to around 230k cars, which will be approximately the same level as NIO's targets. Furthermore, Li Auto targets delivering 800k units in 2024, meaning that NIO will unlikely catch up in the foreseeable future.</p> <p>In conclusion, an analysis of the Chinese EV market and NIO's competitive landscape reveals a vulnerable market position for the company, with the likelihood of intensified competition from German luxury automakers. When compared to even smaller Chinese rivals, the dynamics of delivery numbers suggest that NIO faces efficiency challenges even in competing with smaller players. Consequently, the prospect of competing with industry giants like Mercedes and BMW appears untenable for the company.</p> <p>For me and my readers as potential investors, it is also essential to take a look at NIO's financial performance. While the trailing twelve months (\"TTM\") reveal an impressive upward trajectory in revenue dynamics, a concerning pattern emerges – the more cars the company sells, the deeper the operating loss becomes. This prompts significant doubts about the viability of NIO's business model. The production expansion should drive down costs and help boost profits; otherwise, there is no point in driving revenue growth. The -41% operating margin might be okay for a young company like NIO, but the downward trend is an apparent big warning sign.</p> <p><figure><img height=\"366\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/saupload_4603308c1fe28c2dac414f7d60150a79.png\" width=\"635\"/><figcaption>Data by YCharts</figcaption></figure></p> <h2>Valuation analysis</h2> <p>NIO's stock price peaked in early 2021 and currently trades around ten times cheaper. Furthermore, the stock currently trades to the lower edge of the last 52-week range. Over the last 12 months, the stock price has dropped by almost 44%. Overall, NIO's stock price demonstrates very weak momentum. The current market cap is almost $11 billion, and the short interest is high at 15%.</p> <p>For a growth stock like NIO, the discounted cash flow (\"DCF\") approach is the best fit for valuation assessment. I will discount NIO's future cash flows at a recommended by Finbox 11.5% discount rate. Considering bright growth prospects for the overall Chinese EV market, I apply a high 7% constant growth rate for the terminal value (\"TV\") calculation. Consensus of 29 Wall Street analysts project a 45% YoY revenue growth in 2024, and I expect it to decelerate by 500 basis points each year as comparatives grow. The substantial uncertainty is around the levered free cash flow (\"FCF\") break-even timing, but I expect a 200 basis points expansion every year starting from 2025. Currently, there are around 1.7 billion shares outstanding.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-17059210622995548.png\"/></span><figcaption><p><span>Calculated by the author</span></p></figcaption></figure></p> <p>As shown above, the fair valuation for the stock stands at $1.26, far below the current market price, even when incorporating optimistic revenue growth assumptions and with a high 7% constant growth rate. Therefore, based on my DCF, the stock is poised to continue declining further.</p> <h2>Mitigating factors</h2> <p>To present a fair view of NIO to my readers, I also have to mention the positives. Despite having wide operating losses and still deeply negative FCF margins, NIO still has substantial financial resources to continue investing in marketing, improving current offerings, and developing new models. According to Yahoo Finance, the company had around 39 billion CNY in cash as of the end of Q3, which is approximately $5.4 billion. Furthermore, NIO is supported by a substantial fund from resource-endowed Abu Dhabi, and the company recently secured an additional $2.2 billion investment from this prominent investor. This suggests that it might be premature to dismiss NIO's future prospects.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-170592167832609.png\"/></span><figcaption><p><span>Yahoo Finance</span></p></figcaption></figure></p> <p>The current global geopolitical landscape is marked by significant uncertainty as tensions escalate between the East and the West, resembling a Second Cold War. China appears to have fewer geopolitical tensions with Europe compared to the U.S. However, given that Europe's most developed economies are allies of the U.S., potential tensions between China and Western Europe may only be a matter of time. If geopolitical tensions between China and the developed world escalate, challenges for European and American EV makers to access the Chinese market due to stricter trade regulations or increased tariffs could render large global players noncompetitive in the Chinese EV market. In the event of such a scenario, it would serve as a significant positive catalyst for all Chinese EV makers, even those that currently trail behind local competitors, such as NIO.</p> <h2>Conclusion</h2> <div></div> <p>NIO faces a limited number of positive catalysts, and possessing substantial financial reserves does not assure future success, particularly in light of NIO's recent underperformance and trailing behind competitors. As competition intensifies, I anticipate NIO will persist in trailing behind the overall growth of the Chinese EV market. Furthermore, my discounted cash flow analysis points to significant stock overvaluation. Considering these unfavorable factors collectively, I have assigned the stock a 'Strong Sell' rating.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO Stock's Nosedive Looks Fair</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; 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}\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\">\nNIO Stock's Nosedive Looks Fair\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-23 20:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4664363-nio-stock-nosedive-looks-fair><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies ...</p>\n\n<a href=\"https://seekingalpha.com/article/4664363-nio-stock-nosedive-looks-fair\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4504":"桥水持仓","BK4099":"汽车制造商","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4563":"昨日强势股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BYDDF":"BYD Co., Ltd.","MBGAF":"Mercedes Benz Group AG","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4592":"伊斯兰概念","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","NIO":"蔚来","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4574":"无人驾驶","BK4509":"腾讯概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","NIO.SI":"蔚来","LU1548497426.USD":"安联环球人工智能AT Acc","LI":"理想汽车","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4527":"明星科技股","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","09866":"蔚来-SW","TSLA":"特斯拉","BK4588":"碎股","BK4550":"红杉资本持仓","BK4526":"热门中概股","BK4503":"景林资产持仓","BMWYY":"宝马汽车","BK4551":"寇图资本持仓"},"source_url":"https://seekingalpha.com/article/4664363-nio-stock-nosedive-looks-fair","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2405129752","content_text":"NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies of similar scale, not speaking about giants like Tesla or Mercedes-Benz.My target price for the stock is $1.3.   Bloomberg/Bloomberg via Getty Images Introduction NIO's (NYSE:NIO) stock, currently trading at one-tenth of its peak reached in early 2021, may appear enticing for a buy-the-dip strategy. However, my valuation analysis indicates substantial potential for further decline. Beyond overvaluation concerns, fundamental analysis highlights NIO's increasing competition in the Chinese electric vehicle (EV) market and the impending challenge of contending with established German luxury automakers in the premium segment. Given the cloudy outlook and overvaluation, I am inclined to assign a 'Strong Sell' rating to NIO. Fundamental analysis NIO Inc. is a Chinese automotive company that positions itself as a premium EV brand. According to the company's latest quarterly report, NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV; the ES7 (or the EL7), a mid-large five-seater smart electric SUV; the ES6 (or the EL6), a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, the ET5, a mid-size smart electric sedan, and the ET5T, a smart electric tourer. The Chinese EV market is highly competitive, with over 94 brands offering more than 300 models. Counterpoint The company delivered 160k vehicles in 2023, which was 30.7% higher than 2022. Numbers lack significance without context, so let me provide some additional insight here. According to Nikkei Asia, the overall Chinese EV market expanded by 38% in 2023 on a YoY basis. The fact that NIO lagged behind the overall Chinese market's growth pace is not very good, as it indicates that the company lost its market share to competitors in 2023. By the way, according to the same source, Nikkei, there were 9.5 million units of EVs sold in China in 2023. This means that NIO holds around 1.7% market share in China. For comparison, the Chinese EV leader in terms of delivery volumes, BYD (OTCPK:BYDDF), sold 1.6 million fully electric vehicles in 2023, ten times more than NIO. The undisputable U.S. EV leader, Tesla (TSLA) has a plant in Shanghai, China. Tesla delivered 947k vehicles from this plant in 2023, almost six times more than NIO did. Nikkei Asia Besides these two EV giants, NIO also competes with several large legacy automakers switching to EVs. The Chinese EV market's annual sales are nearly 10 million cars, and its rapid growth renders it highly appealing to all automakers. As NIO focuses on the premium segment, it's crucial to observe the strategies employed by German luxury automakers in China. For example, Mercedes-Benz (OTCPK:MBGAF) sees China as the major long-term EV sales driver. Interestingly, prominent Chinese investors hold nearly 20% of Mercedes' shares, further indicating a strong inclination towards prioritizing the Chinese market. Another iconic German luxury brand, BMW (OTCPK:BMWYY), sold far fewer cars in China last year than NIO, slightly below 100k EVs. But the growth momentum is massive, soaring 138% YoY, which means BMW is rapidly gaining share in the Chinese EV market. I came across a compelling BCG chart illustrating low overall automotive brand loyalty in China, with foreign premium brands, especially German ones, enjoying the highest loyalty levels. Despite the chart being a decade old, the durable nature of products like cars suggests that customer behavior may not have shifted dramatically. Hence, I believe this chart remains relevant today, signaling a challenging path for NIO to surpass the customer loyalty achieved by established German luxury automakers such as Mercedes and BMW. BCG The competition from NIO's close Chinese rivals like Li Auto (LI) and Zeekr is also fierce. Both these brands also position themselves as premium cars. And NIO is losing to LI by a wide margin. Li Auto delivered 376k vehicles in 2023, which was up 182% YoY. Zeekr sold less than Nio in 2023, about 119k vehicles in 2023, but is planning to double deliveries in 2024 to around 230k cars, which will be approximately the same level as NIO's targets. Furthermore, Li Auto targets delivering 800k units in 2024, meaning that NIO will unlikely catch up in the foreseeable future. In conclusion, an analysis of the Chinese EV market and NIO's competitive landscape reveals a vulnerable market position for the company, with the likelihood of intensified competition from German luxury automakers. When compared to even smaller Chinese rivals, the dynamics of delivery numbers suggest that NIO faces efficiency challenges even in competing with smaller players. Consequently, the prospect of competing with industry giants like Mercedes and BMW appears untenable for the company. For me and my readers as potential investors, it is also essential to take a look at NIO's financial performance. While the trailing twelve months (\"TTM\") reveal an impressive upward trajectory in revenue dynamics, a concerning pattern emerges – the more cars the company sells, the deeper the operating loss becomes. This prompts significant doubts about the viability of NIO's business model. The production expansion should drive down costs and help boost profits; otherwise, there is no point in driving revenue growth. The -41% operating margin might be okay for a young company like NIO, but the downward trend is an apparent big warning sign. Data by YCharts Valuation analysis NIO's stock price peaked in early 2021 and currently trades around ten times cheaper. Furthermore, the stock currently trades to the lower edge of the last 52-week range. Over the last 12 months, the stock price has dropped by almost 44%. Overall, NIO's stock price demonstrates very weak momentum. The current market cap is almost $11 billion, and the short interest is high at 15%. For a growth stock like NIO, the discounted cash flow (\"DCF\") approach is the best fit for valuation assessment. I will discount NIO's future cash flows at a recommended by Finbox 11.5% discount rate. Considering bright growth prospects for the overall Chinese EV market, I apply a high 7% constant growth rate for the terminal value (\"TV\") calculation. Consensus of 29 Wall Street analysts project a 45% YoY revenue growth in 2024, and I expect it to decelerate by 500 basis points each year as comparatives grow. The substantial uncertainty is around the levered free cash flow (\"FCF\") break-even timing, but I expect a 200 basis points expansion every year starting from 2025. Currently, there are around 1.7 billion shares outstanding. Calculated by the author As shown above, the fair valuation for the stock stands at $1.26, far below the current market price, even when incorporating optimistic revenue growth assumptions and with a high 7% constant growth rate. Therefore, based on my DCF, the stock is poised to continue declining further. Mitigating factors To present a fair view of NIO to my readers, I also have to mention the positives. Despite having wide operating losses and still deeply negative FCF margins, NIO still has substantial financial resources to continue investing in marketing, improving current offerings, and developing new models. According to Yahoo Finance, the company had around 39 billion CNY in cash as of the end of Q3, which is approximately $5.4 billion. Furthermore, NIO is supported by a substantial fund from resource-endowed Abu Dhabi, and the company recently secured an additional $2.2 billion investment from this prominent investor. This suggests that it might be premature to dismiss NIO's future prospects. Yahoo Finance The current global geopolitical landscape is marked by significant uncertainty as tensions escalate between the East and the West, resembling a Second Cold War. China appears to have fewer geopolitical tensions with Europe compared to the U.S. However, given that Europe's most developed economies are allies of the U.S., potential tensions between China and Western Europe may only be a matter of time. If geopolitical tensions between China and the developed world escalate, challenges for European and American EV makers to access the Chinese market due to stricter trade regulations or increased tariffs could render large global players noncompetitive in the Chinese EV market. In the event of such a scenario, it would serve as a significant positive catalyst for all Chinese EV makers, even those that currently trail behind local competitors, such as NIO. Conclusion  NIO faces a limited number of positive catalysts, and possessing substantial financial reserves does not assure future success, particularly in light of NIO's recent underperformance and trailing behind competitors. As competition intensifies, I anticipate NIO will persist in trailing behind the overall growth of the Chinese EV market. Furthermore, my discounted cash flow analysis points to significant stock overvaluation. Considering these unfavorable factors collectively, I have assigned the stock a 'Strong Sell' rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253089001943232,"gmtCreate":1702800188967,"gmtModify":1702804322761,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?&nbsp;","listText":"Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?&nbsp;","text":"Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253089001943232","repostId":"2392514673","repostType":2,"repost":{"id":"2392514673","pubTimestamp":1702782000,"share":"https://ttm.financial/m/news/2392514673?lang=&edition=fundamental","pubTime":"2023-12-17 11:00","market":"us","language":"en","title":"NIO: FQ4'23 May Be A Smashing Success","url":"https://stock-news.laohu8.com/highlight/detail?id=2392514673","media":"Seeking Alpha","summary":"NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn","content":"<html><head></head><body><ul style=\"\"><li><p>NIO has smashed expectations in the FQ3&#39;23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.</p></li><li><p>These efforts are likely to moderate its cash burn rate ahead while preserving its balance sheet, without having to overly increase its reliance on debt.</p></li><li><p>The NIO management has also offered a highly optimistic FQ4&#39;23 guidance, with a further improvement in its ASPs nearer to the hyper-pandemic levels.</p></li><li><p>This is on top of the enhanced monetization strategies through the release of mass market models from 2024 onwards and the launch of its battery swapping services for a fee.</p></li><li><p>Combined with the potential spin off of its battery segment, we may see NIO&#39;s prospects further lift from these bottom levels, offering opportunistic investors with a great upside potential.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58e38071df772253b22442d919c2c420\" alt=\"Julia_Sudnitskaya/iStock via Getty Images\" title=\"Julia_Sudnitskaya/iStock via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>Julia_Sudnitskaya/iStock via Getty Images</span></p><p>We previously covered NIO Inc. (NYSE:NYSE:NIO) in September 2023, discussing its mixed FQ2&#39;23 earnings call, attributed to the underwhelming top/ bottom lines and the likelihood of it missing the previous FY2023 delivery guidance.</p><p>We had opted to rate the stock as a Hold then, since it was uncertain if the automaker&#39;s margins might improve moving forward, due to the intensified sales hiring, R&amp;D, and capex for the mass market models.</p><p>This is on top of the stock consistently charting lower lows and lower highs, with it remaining to be seen when a floor might materialize.</p><p>In this article, we shall discuss why we are finally rerating the NIO stock as a Buy here, thanks to its increasing ASPs, growing sales, improving automotive gross profit margins, and enhanced monetization strategies, with these efforts likely to moderate its cash burn rate ahead while preserving its balance sheet.</p><p>Combined with the pulled forward mass market model launches, it appears that the worst is already here, with its prospects likely to lift from FQ4&#39;23 onwards.</p><h2 id=\"id_1928539335\">The NIO Investment Thesis Is Very Tempting Here Indeed</h2><p>For now, NIO has reported a more than decent FQ3&#39;23 earnings call, with automotive revenues of 17.4B Yuan (+142.3% QoQ/ +45.9% YoY) and a recovering Average Selling Price of 314.05K Yuan per unit (+2.8% QoQ/ -16.8% YoY).</p><p>The latter sum is derived from the automotive revenues and growing deliveries of 55.43K units (+135.6% QoQ/ +75.4% YoY) by September 30, 2023.</p><p>The ASPs are improved than the impacted ASPs of 297.18K Yuan per unit recorded in FQ1&#39;23 (-19.3% QoQ/ -17.1% YoY) indeed, implying reduced promotional activities and growing consumer demand for its offerings.</p><p>This development has directly contributed to NIO&#39;s recovering automotive gross margins of 11% (+4.8 points QoQ/ -5.4 YoY) by the latest quarter, though still a great distance away from its FQ4&#39;21 peak automotive gross margins of 20.9%, thanks to the ongoing price war lead by Tesla (TSLA) in China.</p><p>Furthermore, we may see this profitable trend continue in FQ4&#39;23, with the projected ASPs of 341.45K Yuan per unit (+8.7% QoQ/ -7.3% YoY), based on the management&#39;s revenue guidance of 16.39B Yuan and delivery guidance of 48K units at the midpoint.</p><p>Part of the margin improvement tailwind is likely attributed to the automaker&#39;s full transition to the NT2.0 platform by FQ3&#39;23, with the improved cost efficiencies already allowing the management to guide 15% (+4 points QoQ/ +8.2 YoY) in automotive gross margin by FQ4&#39;23.</p><p>Demand for NIO&#39;s EV offerings appear to be excellent as well, attributed to the somewhat stable inventory levels of $967.44M (-17.3% QoQ/ +3.1% YoY) by the latest quarter.</p><p>October 2023 has also brought forth excellent delivery numbers at 16.07K units (+2.7% MoM/ +59.8 YoY) and November 2023 at 15.95K units (-0.7% QoQ/ +12.6% YoY).</p><p>While the YTD sum of 142.02K units (+33.1% YoY) and updated FY2023 delivery guidance of 158K units (+29% YoY) falls behind the management&#39;s previous guidance of 250K units (+104.1% YoY), we already applaud the moderate improvements observed in its automotive gross margins.</p><p>This trend may be further aided by the launch of NIO&#39;s affordable EV line up in the EU, namely Alps from Q3&#39;24 and Firefly from 2025 onwards, likely to improve its mass appeal and adoption, boosting its top-line performance in the intermediate term.</p><p>For context, the automaker currently prices its flagship models at between €50K to €91K in the EU, in order to compete with many other legacy premium automakers, such as BMW (OTCPK:BMWYY) and Mercedes-Benz (OTCPK:MBGAF).</p><p>While the NIO management has yet to reveal the listed prices, the sub brands are rumored to bring down the Average Selling Price range to between €12.95K and €25.90K for the base-range Firefly EV models (based on the FX rate at the time of writing).</p><p>This is nearer to Toyota&#39;s (TM) Lexus price range, implying a drastic -72.4% discount at the midpoint.</p><p>In the mean time, NIO&#39;s Alps is rumored to offer mid-range EV models, at an estimated price range of between €25.90K to €38.84K, suggesting an attractive -54% discount from its premium range at the midpoint.</p><p>With Alps already being tested on the roads in China, it appears that the rumors may be right after all, triggering the automaker&#39;s intermediate term tailwinds.</p><p><strong>The Consensus Forward Estimates</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fc438e6394c5dd6308dac9b70749ee9\" alt=\"Tikr Terminal\" title=\"Tikr Terminal\" tg-width=\"640\" tg-height=\"224\"/><span>Tikr Terminal</span></p><p>Perhaps this is why NIO is still expected to generate a robust top-line growth at a CAGR of +32.6% through FY2025, building upon its historical growth at a CAGR of +77.6% between FY2018 and FY2022.</p><p>While the automaker is not expected to break even over the next few years, we are not overly concerned since its balance sheet remains robust, with a cash/ short-term investments of $5.33B by the latest quarter (+39.1% QoQ/ -15.2% YoY).</p><p>Assuming that NIO is able to continue growing its gross profit margins ahead, we believe that its quarterly cash burn rate of approximately -$600M may decline from henceforth, allowing it to moderately grow its operations ahead.</p><p>If anything, the management is also exploring multiple paths to improve its margins and liquidity ahead.</p><p>Firstly, NIO has acquired certain equipment and assets for 3.16B Yuan from its current manufacturing partner, JAC, on December 5, 2023, with the exercise expected to improve its quality control while bringing its overall manufacturing costs down by approximately -10% in the long run.</p><p>Secondly, the management has announced its partnership with Changan Automobile and Geely Holdings Group (OTCPK:GELYF), allowing the two Chinese automakers to utilize NIO&#39;s battery swap network for a fee, with several others already in negotiation.</p><p>This strategy is somewhat similar to TSLA&#39;s opening up of the Supercharger network in the US, allowing the company to enhance its monetization rate through &#34;access fees &amp; revenues from other OEMs.&#34;</p><p>Lastly, there are already market rumors of NIO potentially spinning off the battery production unit/ swapping technology as a separate unit, with the exercise likely to bring forth additional liquidity for the parent company.</p><p>As a result, we are cautiously optimistic about the automaker&#39;s intermediate term prospects, with liquidity unlikely to be a major concern.</p><h2 id=\"id_2984907615\">So, Is NIO Stock A Buy, Sell, or Hold?</h2><p><strong>NIO Valuations</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fbda242669e7c7bdf208fe8020c80c9\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"101\"/><span>Seeking Alpha</span></p><p>For now, since NIO remains unprofitable, the only metric that we may use to measure its valuations is the FWD EV/ Sales of 1.74x.</p><p>This number appears to be somewhat reasonable, after the much needed correction from the pre-pandemic mean of 3.16x and the hyper-pandemic peak of 23.14x, nearer to the sector median of 1.27x.</p><p>This is especially since NIO is expected to generate an impressive top-line growth moving forward, well-exceeding TSLA&#39;s projected growth at a CAGR of +21.5% with a FWD EV/ Sales of 8.04x, and nearer to XPeng&#39;s (XPEV) rate of +41.7% over the same time period with a FWD EV/ Sales of 2.93x.</p><p><strong>NIO 1Y Stock Price</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad7c5b5af3a711b553bbf17131d0c9b0\" alt=\"Trading View\" title=\"Trading View\" tg-width=\"640\" tg-height=\"359\"/><span>Trading View</span></p><p>The NIO stock is also trading below its previous resistance levels of $8s, with it appearing to be well supported at $7s. As a result of its attractive valuation and potential reversal in FQ4&#39;23, we are cautiously rerating the stock as a Buy here.</p><p>However, investors must also size their portfolios according to their risk appetite, since the stock records an elevated short interest of 10.69% at the time of writing, with the future upside potential likely to be negated by aggressive short sellers.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO: FQ4'23 May Be A Smashing Success</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\">\nNIO: FQ4'23 May Be A Smashing Success\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-17 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4658217-nio-fq423-may-be-a-smashing-success><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn...</p>\n\n<a href=\"https://seekingalpha.com/article/4658217-nio-fq423-may-be-a-smashing-success\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4509":"腾讯概念","NIO.SI":"蔚来","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4550":"红杉资本持仓","LU2063271972.USD":"富兰克林创新领域基金","BK4551":"寇图资本持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4511":"特斯拉概念","BK4099":"汽车制造商","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4548":"巴美列捷福持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","NIO":"蔚来","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4532":"文艺复兴科技持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4531":"中概回港概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","09866":"蔚来-SW","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4555":"新能源车"},"source_url":"https://seekingalpha.com/article/4658217-nio-fq423-may-be-a-smashing-success","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2392514673","content_text":"NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn rate ahead while preserving its balance sheet, without having to overly increase its reliance on debt.The NIO management has also offered a highly optimistic FQ4'23 guidance, with a further improvement in its ASPs nearer to the hyper-pandemic levels.This is on top of the enhanced monetization strategies through the release of mass market models from 2024 onwards and the launch of its battery swapping services for a fee.Combined with the potential spin off of its battery segment, we may see NIO's prospects further lift from these bottom levels, offering opportunistic investors with a great upside potential.Julia_Sudnitskaya/iStock via Getty ImagesWe previously covered NIO Inc. (NYSE:NYSE:NIO) in September 2023, discussing its mixed FQ2'23 earnings call, attributed to the underwhelming top/ bottom lines and the likelihood of it missing the previous FY2023 delivery guidance.We had opted to rate the stock as a Hold then, since it was uncertain if the automaker's margins might improve moving forward, due to the intensified sales hiring, R&D, and capex for the mass market models.This is on top of the stock consistently charting lower lows and lower highs, with it remaining to be seen when a floor might materialize.In this article, we shall discuss why we are finally rerating the NIO stock as a Buy here, thanks to its increasing ASPs, growing sales, improving automotive gross profit margins, and enhanced monetization strategies, with these efforts likely to moderate its cash burn rate ahead while preserving its balance sheet.Combined with the pulled forward mass market model launches, it appears that the worst is already here, with its prospects likely to lift from FQ4'23 onwards.The NIO Investment Thesis Is Very Tempting Here IndeedFor now, NIO has reported a more than decent FQ3'23 earnings call, with automotive revenues of 17.4B Yuan (+142.3% QoQ/ +45.9% YoY) and a recovering Average Selling Price of 314.05K Yuan per unit (+2.8% QoQ/ -16.8% YoY).The latter sum is derived from the automotive revenues and growing deliveries of 55.43K units (+135.6% QoQ/ +75.4% YoY) by September 30, 2023.The ASPs are improved than the impacted ASPs of 297.18K Yuan per unit recorded in FQ1'23 (-19.3% QoQ/ -17.1% YoY) indeed, implying reduced promotional activities and growing consumer demand for its offerings.This development has directly contributed to NIO's recovering automotive gross margins of 11% (+4.8 points QoQ/ -5.4 YoY) by the latest quarter, though still a great distance away from its FQ4'21 peak automotive gross margins of 20.9%, thanks to the ongoing price war lead by Tesla (TSLA) in China.Furthermore, we may see this profitable trend continue in FQ4'23, with the projected ASPs of 341.45K Yuan per unit (+8.7% QoQ/ -7.3% YoY), based on the management's revenue guidance of 16.39B Yuan and delivery guidance of 48K units at the midpoint.Part of the margin improvement tailwind is likely attributed to the automaker's full transition to the NT2.0 platform by FQ3'23, with the improved cost efficiencies already allowing the management to guide 15% (+4 points QoQ/ +8.2 YoY) in automotive gross margin by FQ4'23.Demand for NIO's EV offerings appear to be excellent as well, attributed to the somewhat stable inventory levels of $967.44M (-17.3% QoQ/ +3.1% YoY) by the latest quarter.October 2023 has also brought forth excellent delivery numbers at 16.07K units (+2.7% MoM/ +59.8 YoY) and November 2023 at 15.95K units (-0.7% QoQ/ +12.6% YoY).While the YTD sum of 142.02K units (+33.1% YoY) and updated FY2023 delivery guidance of 158K units (+29% YoY) falls behind the management's previous guidance of 250K units (+104.1% YoY), we already applaud the moderate improvements observed in its automotive gross margins.This trend may be further aided by the launch of NIO's affordable EV line up in the EU, namely Alps from Q3'24 and Firefly from 2025 onwards, likely to improve its mass appeal and adoption, boosting its top-line performance in the intermediate term.For context, the automaker currently prices its flagship models at between €50K to €91K in the EU, in order to compete with many other legacy premium automakers, such as BMW (OTCPK:BMWYY) and Mercedes-Benz (OTCPK:MBGAF).While the NIO management has yet to reveal the listed prices, the sub brands are rumored to bring down the Average Selling Price range to between €12.95K and €25.90K for the base-range Firefly EV models (based on the FX rate at the time of writing).This is nearer to Toyota's (TM) Lexus price range, implying a drastic -72.4% discount at the midpoint.In the mean time, NIO's Alps is rumored to offer mid-range EV models, at an estimated price range of between €25.90K to €38.84K, suggesting an attractive -54% discount from its premium range at the midpoint.With Alps already being tested on the roads in China, it appears that the rumors may be right after all, triggering the automaker's intermediate term tailwinds.The Consensus Forward EstimatesTikr TerminalPerhaps this is why NIO is still expected to generate a robust top-line growth at a CAGR of +32.6% through FY2025, building upon its historical growth at a CAGR of +77.6% between FY2018 and FY2022.While the automaker is not expected to break even over the next few years, we are not overly concerned since its balance sheet remains robust, with a cash/ short-term investments of $5.33B by the latest quarter (+39.1% QoQ/ -15.2% YoY).Assuming that NIO is able to continue growing its gross profit margins ahead, we believe that its quarterly cash burn rate of approximately -$600M may decline from henceforth, allowing it to moderately grow its operations ahead.If anything, the management is also exploring multiple paths to improve its margins and liquidity ahead.Firstly, NIO has acquired certain equipment and assets for 3.16B Yuan from its current manufacturing partner, JAC, on December 5, 2023, with the exercise expected to improve its quality control while bringing its overall manufacturing costs down by approximately -10% in the long run.Secondly, the management has announced its partnership with Changan Automobile and Geely Holdings Group (OTCPK:GELYF), allowing the two Chinese automakers to utilize NIO's battery swap network for a fee, with several others already in negotiation.This strategy is somewhat similar to TSLA's opening up of the Supercharger network in the US, allowing the company to enhance its monetization rate through \"access fees & revenues from other OEMs.\"Lastly, there are already market rumors of NIO potentially spinning off the battery production unit/ swapping technology as a separate unit, with the exercise likely to bring forth additional liquidity for the parent company.As a result, we are cautiously optimistic about the automaker's intermediate term prospects, with liquidity unlikely to be a major concern.So, Is NIO Stock A Buy, Sell, or Hold?NIO ValuationsSeeking AlphaFor now, since NIO remains unprofitable, the only metric that we may use to measure its valuations is the FWD EV/ Sales of 1.74x.This number appears to be somewhat reasonable, after the much needed correction from the pre-pandemic mean of 3.16x and the hyper-pandemic peak of 23.14x, nearer to the sector median of 1.27x.This is especially since NIO is expected to generate an impressive top-line growth moving forward, well-exceeding TSLA's projected growth at a CAGR of +21.5% with a FWD EV/ Sales of 8.04x, and nearer to XPeng's (XPEV) rate of +41.7% over the same time period with a FWD EV/ Sales of 2.93x.NIO 1Y Stock PriceTrading ViewThe NIO stock is also trading below its previous resistance levels of $8s, with it appearing to be well supported at $7s. As a result of its attractive valuation and potential reversal in FQ4'23, we are cautiously rerating the stock as a Buy here.However, investors must also size their portfolios according to their risk appetite, since the stock records an elevated short interest of 10.69% at the time of writing, with the future upside potential likely to be negated by aggressive short sellers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":217246588887120,"gmtCreate":1694062057882,"gmtModify":1694062062521,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Ah seeking alpha the nio basher .....","listText":"Ah seeking alpha the nio basher .....","text":"Ah seeking alpha the nio basher .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/217246588887120","repostId":"2365985077","repostType":2,"repost":{"id":"2365985077","pubTimestamp":1694054990,"share":"https://ttm.financial/m/news/2365985077?lang=&edition=fundamental","pubTime":"2023-09-07 10:49","market":"us","language":"en","title":"NIO Is Not The Next Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2365985077","media":"Seeking Alpha","summary":"NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla's dominance.NIO's Q2 earnings missed consensus e","content":"<html><head></head><body><ul style=\"\"><li><p>NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla&#39;s dominance.</p></li><li><p>NIO&#39;s Q2 earnings missed consensus estimates, with a decrease in revenue, deliveries, and vehicle sales, and a significant net loss.</p></li><li><p>Tesla&#39;s lower prices and economies of scale advantage make it difficult for NIO to effectively compete, raising concerns about NIO&#39;s long-term profitability.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/afa41a3beb052988217d740151a34fbd\" alt=\"Drew Angerer/Getty Images News\" title=\"Drew Angerer/Getty Images News\" tg-width=\"750\" tg-height=\"500\"/><span>Drew Angerer/Getty Images News</span></p><p>NIO Inc. (NYSE:NIO) is an exciting pure EV company out of China. I&#39;ve been bullish on NIO due to its innovative vehicles, growth prospects, and future profitability potential. Moreover, due to its higher-end EV market position, production capacity, and other factors, I&#39;ve often said that NIO is the closest pure EV competitor that Tesla (TSLA) has.</p><p>However, despite NIO&#39;s considerable long-term growth and profitability potential, the company may face challenges in the near and intermediate term. NIO&#39;s problems could persist for several reasons, including a sluggish Chinese economy, rising costs, lower margins, increased competition, and other variables. Nevertheless, a primary concern for NIO is Tesla. Tesla has illustrated that it can drop vehicle prices while maintaining high profitability, taking market share from NIO and other EV manufacturers.</p><p>Unfortunately for NIO, it cannot drop prices low enough to effectively compete with Tesla because of Tesla&#39;s economies of scale advantage and other factors. Therefore, NIO could continue struggling as we move forward. Moreover, NIO&#39;s recent earnings announcement showed the company missing top and bottom-line consensus estimates, putting the company&#39;s outlook into question. Additionally, NIO&#39;s margins continue deteriorating, and uncertainty surrounds its stock. Due to the increased transparency, NIO&#39;s risk/reward ratio has fallen, and I&#39;m taking down my buy rating on its stock, transitioning to a hold instead.</p><h2 id=\"id_2091863318\">Technically - Could Rally In The Near Term</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f932649cc1766e74122b4a9e6074167\" alt=\"NIO (StockCharts.com)\" title=\"NIO (StockCharts.com)\" tg-width=\"640\" tg-height=\"676\"/><span>NIO (StockCharts.com)</span></p><p>I won&#39;t deny it. Technically, NIO&#39;s chart appears bullish in the near term here. The stock likely put in a long-term bottom around the $7 level, staging a robust rally to around $16 before dropping back to the $10 range. We recently witnessed the 50-day MA move above the 200-day MA, a bullish technical signal. We also see a possible basing platform around the $10 support, implying we may see a rally in the near term. Nevertheless, this stock remains highly uncertain for the long term despite the near-term positives.</p><h2 id=\"id_238195263\">NIO&#39;s Missing Numbers - Puts Outlook in Question</h2><p>NIO recently reported Q2 Non-GAAP EPADS of -$0.45, missing the four-cent consensus number. Moreover, it reported revenue of $1.21B, a $60M miss, and a 14.8% YoY decrease. Q2 deliveries came in at 23,520 vehicles, a 6.1% YoY decrease. Q2 vehicle sales came in at about <em>$991M</em>, representing a 25% YoY decline. Vehicle margin was only 6.2%, a staggering drop from the 16.7% in the same quarter last year.</p><h2 id=\"id_3628737876\">NIO&#39;s Staggering $828 Million Loss</h2><p>Additionally, NIO&#39;s gross margin crashed to just 1% from 13% in the same quarter last year. NIO&#39;s Q2 net loss widened to more than 6 billion Yuan, equating to a staggering quarterly loss of $828 million. Unfortunately, this massive loss isn&#39;t new for the company, as NIO&#39;s TTM loss is close to $3 billion. NIO produced about <em>$6 billion</em> in revenues during the same time frame. Thus, the $64,000 question is, when will NIO become profitable?</p><p>The answer is no time soon. Moreover, a capital raise could come shortly. Therefore, there&#39;s likely dilution in NIO&#39;s future, implying the stock could fall or stay range bound longer-term. Moreover, I wonder if NIO can effectively compete with Tesla in the long run.</p><h2 id=\"id_1614492524\">NIO&#39;s Massive Tesla Problem</h2><p>Tesla dominates China&#39;s higher-end EV segment. Tesla recorded more than 84,000 unit sales last month (August). This sales increase represents a 31% YoY surge for Tesla, bringing its YTD vehicles sold in China to about 625,000. NIO delivered 19,329 in August, bringing its YTD vehicle sales count to 94,352. However, management is guiding to sales of 15-17K in September. Therefore, we&#39;re seeing NIO&#39;s order book slowing down, and NIO needs many more sales (200-300K annually) to have a chance to be profitable. Tesla&#39;s position is so prominent in China that NIO may find it challenging to compete effectively in the long run.</p><h2 id=\"id_2894464553\">What Would You Buy - Tesla or NIO?</h2><p>NIO&#39;s popular ET5 sedan starts at about $46,100, and the price can climb into the $50-$60K range quickly once options are added. NIO&#39;s EC6 (Model Y competitor) starts at about $52,400, and the price can surge into the $60-$70K range with options. In contrast, the Model Y starts at only $41,000 in China and has (arguably) more advanced technologies and better engineering. Due to Tesla&#39;s remarkable ability to control prices, its mass-market vehicles are far more affordable than its prime competitor in China. Therefore, NIO&#39;s recent sales improvement may be temporary, and Tesla could continue taking NIO&#39;s market share as we advance. NIO can have a niche place in the EV market, but whether it can become mainstream and profitable remains to be seen. Therefore, I need more certainty as an investor here. Until then, I would rather own Tesla&#39;s stock instead.</p><h2 id=\"id_3025812721\">NIO: Is It Worth The Risk?</h2><p>NIO is an increased-risk investment because it is a Chinese company. However, NIO is even riskier because it&#39;s a highly unprofitable Chinese company. There is the added risk of unrelenting competition from Tesla and other profitable higher-end EV automakers. Moreover, some market participants have raised questions regarding NIO&#39;s accounting practices, pointing to a &#34;Philidor&#34; like entity (Wuhan Weineng) inflating NIO&#39;s revenues and profitability in recent years. Therefore, we have an additional risk of accounting irregularities with NIO. As an investor, why do I need to take such risks? To see NIO succeed? The company may grow in the long run, and its share price could go much higher in the coming years. Nevertheless, there is also an inflated risk of sideways price action and failure, which makes NIO a less attractive investment long-term. Therefore, I&#39;ve reduced my buy rating to hold, recently selling my NIO shares following the troubling Q2 earnings announcement.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO Is Not The Next Tesla</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; 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}\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\">\nNIO Is Not The Next Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-07 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4633465-nio-is-not-the-next-tesla-rating-downgrade><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla's dominance.NIO's Q2 earnings missed consensus ...</p>\n\n<a href=\"https://seekingalpha.com/article/4633465-nio-is-not-the-next-tesla-rating-downgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","NIO":"蔚来","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU2063271972.USD":"富兰克林创新领域基金","LU0056508442.USD":"贝莱德世界科技基金A2","09866":"蔚来-SW","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4532":"文艺复兴科技持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4531":"中概回港概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4585":"ETF&股票定投概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4509":"腾讯概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","NIO.SI":"蔚来","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4588":"碎股","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4550":"红杉资本持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"source_url":"https://seekingalpha.com/article/4633465-nio-is-not-the-next-tesla-rating-downgrade","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2365985077","content_text":"NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla's dominance.NIO's Q2 earnings missed consensus estimates, with a decrease in revenue, deliveries, and vehicle sales, and a significant net loss.Tesla's lower prices and economies of scale advantage make it difficult for NIO to effectively compete, raising concerns about NIO's long-term profitability.Drew Angerer/Getty Images NewsNIO Inc. (NYSE:NIO) is an exciting pure EV company out of China. I've been bullish on NIO due to its innovative vehicles, growth prospects, and future profitability potential. Moreover, due to its higher-end EV market position, production capacity, and other factors, I've often said that NIO is the closest pure EV competitor that Tesla (TSLA) has.However, despite NIO's considerable long-term growth and profitability potential, the company may face challenges in the near and intermediate term. NIO's problems could persist for several reasons, including a sluggish Chinese economy, rising costs, lower margins, increased competition, and other variables. Nevertheless, a primary concern for NIO is Tesla. Tesla has illustrated that it can drop vehicle prices while maintaining high profitability, taking market share from NIO and other EV manufacturers.Unfortunately for NIO, it cannot drop prices low enough to effectively compete with Tesla because of Tesla's economies of scale advantage and other factors. Therefore, NIO could continue struggling as we move forward. Moreover, NIO's recent earnings announcement showed the company missing top and bottom-line consensus estimates, putting the company's outlook into question. Additionally, NIO's margins continue deteriorating, and uncertainty surrounds its stock. Due to the increased transparency, NIO's risk/reward ratio has fallen, and I'm taking down my buy rating on its stock, transitioning to a hold instead.Technically - Could Rally In The Near TermNIO (StockCharts.com)I won't deny it. Technically, NIO's chart appears bullish in the near term here. The stock likely put in a long-term bottom around the $7 level, staging a robust rally to around $16 before dropping back to the $10 range. We recently witnessed the 50-day MA move above the 200-day MA, a bullish technical signal. We also see a possible basing platform around the $10 support, implying we may see a rally in the near term. Nevertheless, this stock remains highly uncertain for the long term despite the near-term positives.NIO's Missing Numbers - Puts Outlook in QuestionNIO recently reported Q2 Non-GAAP EPADS of -$0.45, missing the four-cent consensus number. Moreover, it reported revenue of $1.21B, a $60M miss, and a 14.8% YoY decrease. Q2 deliveries came in at 23,520 vehicles, a 6.1% YoY decrease. Q2 vehicle sales came in at about $991M, representing a 25% YoY decline. Vehicle margin was only 6.2%, a staggering drop from the 16.7% in the same quarter last year.NIO's Staggering $828 Million LossAdditionally, NIO's gross margin crashed to just 1% from 13% in the same quarter last year. NIO's Q2 net loss widened to more than 6 billion Yuan, equating to a staggering quarterly loss of $828 million. Unfortunately, this massive loss isn't new for the company, as NIO's TTM loss is close to $3 billion. NIO produced about $6 billion in revenues during the same time frame. Thus, the $64,000 question is, when will NIO become profitable?The answer is no time soon. Moreover, a capital raise could come shortly. Therefore, there's likely dilution in NIO's future, implying the stock could fall or stay range bound longer-term. Moreover, I wonder if NIO can effectively compete with Tesla in the long run.NIO's Massive Tesla ProblemTesla dominates China's higher-end EV segment. Tesla recorded more than 84,000 unit sales last month (August). This sales increase represents a 31% YoY surge for Tesla, bringing its YTD vehicles sold in China to about 625,000. NIO delivered 19,329 in August, bringing its YTD vehicle sales count to 94,352. However, management is guiding to sales of 15-17K in September. Therefore, we're seeing NIO's order book slowing down, and NIO needs many more sales (200-300K annually) to have a chance to be profitable. Tesla's position is so prominent in China that NIO may find it challenging to compete effectively in the long run.What Would You Buy - Tesla or NIO?NIO's popular ET5 sedan starts at about $46,100, and the price can climb into the $50-$60K range quickly once options are added. NIO's EC6 (Model Y competitor) starts at about $52,400, and the price can surge into the $60-$70K range with options. In contrast, the Model Y starts at only $41,000 in China and has (arguably) more advanced technologies and better engineering. Due to Tesla's remarkable ability to control prices, its mass-market vehicles are far more affordable than its prime competitor in China. Therefore, NIO's recent sales improvement may be temporary, and Tesla could continue taking NIO's market share as we advance. NIO can have a niche place in the EV market, but whether it can become mainstream and profitable remains to be seen. Therefore, I need more certainty as an investor here. Until then, I would rather own Tesla's stock instead.NIO: Is It Worth The Risk?NIO is an increased-risk investment because it is a Chinese company. However, NIO is even riskier because it's a highly unprofitable Chinese company. There is the added risk of unrelenting competition from Tesla and other profitable higher-end EV automakers. Moreover, some market participants have raised questions regarding NIO's accounting practices, pointing to a \"Philidor\" like entity (Wuhan Weineng) inflating NIO's revenues and profitability in recent years. Therefore, we have an additional risk of accounting irregularities with NIO. As an investor, why do I need to take such risks? To see NIO succeed? The company may grow in the long run, and its share price could go much higher in the coming years. Nevertheless, there is also an inflated risk of sideways price action and failure, which makes NIO a less attractive investment long-term. Therefore, I've reduced my buy rating to hold, recently selling my NIO shares following the troubling Q2 earnings announcement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190092562473184,"gmtCreate":1687434988661,"gmtModify":1687434992054,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......","listText":"When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......","text":"When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190092562473184","repostId":"2345738161","repostType":2,"repost":{"id":"2345738161","pubTimestamp":1687432620,"share":"https://ttm.financial/m/news/2345738161?lang=&edition=fundamental","pubTime":"2023-06-22 19:17","market":"us","language":"en","title":"NIO: Sell This Dead Cat Bounce","url":"https://stock-news.laohu8.com/highlight/detail?id=2345738161","media":"Seekingalpha","summary":"Investment thesisNIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The","content":"<html><head></head><body><h2>Investment thesis</h2><p>NIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The company&#39;s market cap was close to $100 billion and is now traded much cheaper. My analysis suggests the selloff was fair because the company is losing the competition to its local rivals, not to mention other automotive giants entering the Chinese EV market. Moreover, NIO is highly likely to miss the aggressive growth profile consensus estimates expected from the company. Therefore, the stock is a strong sell.</p><h2>Company information</h2><p>NIO is a Chinese electric vehicle [EV] manufacturer incorporated in 2014. The company is headquartered in Shanghai. NIO designs, develops, jointly manufactures, and sells its vehicles in the premium EV market.</p><p>The company&#39;s fiscal year ends on December 31 with a single reportable segment.</p><h2>Financials</h2><p>NIO went public in the U.S. in 2018. It means we have a relatively short horizon for financial analysis. Over the last five years, the company&#39;s sales have increased by about ten-fold, and the company now generates positive gross profit but looks far from a breakeven from the operating profit perspective.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3ab3407bca2df1ff1e53abe2cfa8893\" tg-width=\"640\" tg-height=\"205\"/></p><p>Author&#39;s calculations</p><p>The company reinvests a substantial 20% of sales to R&amp;D to improve its vehicles. SG&amp;A to revenue ratio also looks high, though it has improved significantly in recent years, meaning the company is striving to expand its operating margin as the business scales up.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f64f338e36445eb56a2680e9933ec33\" tg-width=\"635\" tg-height=\"433\"/></p><p>Data by YCharts</p><p>Looking at the latest quarterly dynamics, the company faces challenges because Q1 sales were flat while expenses snowballed. It means profitability metrics are shrinking, adding more uncertainty to the company&#39;s break-even timing. NIO&#39;s flat sales in Q1 are a huge red flag for me because the Chinese EV market grew 25% in Q1 2023 compared to the same period a year earlier. It means that NIO&#39;s difficulties are not due to the overall weakness and cannot be explained by cyclicality. Weakness in NIO&#39;s Q1 sales is highly likely related to the weak demand for the company&#39;s vehicles due to the unattractiveness of the company&#39;s offerings. This led to about $750 million operating loss for the quarter. It is crucial because the company is burning cash at a rapid pace. As you can see, the company&#39;s cash balance almost halved in just six quarters.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/091deb88d6aa252c31585a445c012242\" tg-width=\"640\" tg-height=\"189\"/></p><p>Seeking Alpha</p><p>During Q1 of FY 2023, the company&#39;s cash balance decreased by about a billion dollars. If NIO sustains this cash burn rate, the company will need to raise financing already in FY 2024. This is a red flag for investors as well. The company will raise debt finance, adversely affecting profitability and decreasing shareholders&#39; wealth. Or, the company might issue more shares, which is also bad for investors whose stakes will be diluted. There are no good options for a company rapidly running out of cash. You can also see below that NIO&#39;s liquidity is rapidly melting and liquidity ratios are likely to fall below one in just a few quarters.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c97ffdd742a8adffa5d9d9695e3656d9\" tg-width=\"640\" tg-height=\"152\"/></p><p>Author&#39;s calculations</p><h2>Valuation</h2><p>NIO stock underperformed the broad U.S. market this year with about a 3% decline in the stock price. Overall, the stock now trades about six times cheaper than January 2021 peaks. Seeking Alpha Quant assigned the stock a low &#34;D&#34; valuation grade, meaning NIO is not attractively valued. This is due to the company&#39;s high valuation ratios compared to the sector median.</p><p>I want to cross-check the multiples analysis with a discounted cash flow [DCF] approach. Due to substantial political and country risks, I use a high 15% WACC for the valuation of Chinese companies. I have revenue consensus estimates for the next decade, though I consider them too optimistic, with about 17% CAGR. Therefore, I will simulate a more conservative scenario as well. Consensus estimates also forecast that adjusted EPS will break even after FY 2025. Therefore, I expect a positive FCF margin starting only from FY 2026. I project that the FCF margin will expand by two percentage points yearly.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b237d3982bcc784f2cc4bd14086d617\" tg-width=\"640\" tg-height=\"225\"/></p><p>Author&#39;s calculations</p><p>As you can see, the company&#39;s fair business value is about $58 billion, meaning the stock is about four times undervalued. But 17% revenue CAGR is too optimistic. For example, according to statista.com, the Chinese EV market is expected to grow at a modest 6.4% CAGR over the next five years. To be not so pessimistic, I round up the revenue growth rate to 7% for my second scenario. Since the growth rate is more conservative for the second scenario, so are the FCF assumptions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd7d27eb00d2bf0074dfa05fe1990c\" tg-width=\"640\" tg-height=\"236\"/></p><p>Author&#39;s calculations</p><p>Based on more conservative assumptions, the stock now looks fairly valued with little upside potential. Overall, I believe the second scenario is more likely to unfold than the first one. In the &#34;Risks to consider&#34; section below, I explain why the company is unlikely to meet long-term consensus expectations.</p><h2>Risks to consider</h2><p>As we saw in my article&#39;s &#34;Valuation&#34; section, consensus estimates forecast very aggressive revenue growth. Consensus estimates project FY 2023 revenue at $9.25 billion, meaning about 30% growth compared to the prior year. The correlation between income and the number of deliveries is not 100%, but extreme dependence exists. Therefore, for my analysis, I expect the company to deliver 30% more EVs this year than in FY 2022. FY 2023 deliveries should be about 160,000 to meet the projected consensus revenue. During the first five months of 2023, NIO delivered about 44,000 vehicles, meaning about 116,000 have to be delivered during the remaining seven months of the year. In other words, between June and December of 2023, the company has to deliver about 16.5 thousand vehicles per month on average. In the below table, you can see two significant trends. First, the number of deliveries has declined since February and almost halved. Second, the company was never even close to 16.5 thousand deliveries this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6231bc8482187baa159191a517f99601\" tg-width=\"530\" tg-height=\"234\"/></p><p>Compiled by the author</p><p>Therefore, the risk that the company will not be able to meet expected revenue growth is exceptionally high in the short- and long-term. If the company fails to achieve expected revenue this year, long-term earnings projections will likely be revised by analysts, which will directly adversely affect valuations.</p><p>The company faces intense competition from local EV rivals like Li Auto (LI) and the undisputed global EV leader Tesla (TSLA). We should also not forget other established giant automakers like Toyota (TM) and Volkswagen (OTCPK:VWAGY). In my opinion, the Chinese EV market looks like a&#34;red ocean&#34;, and NIO does not look like a shark in this massacre. Global automotive giants possess more resources to invest in innovation and ramp production. NIO is definitely in a weaker position than TSLA of VWAGY. But the company looks much weaker compared to its Chinese rival, LI. Below is the dynamic of NIO and Li Auto deliveries this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7fb23911ee3fdf87bbaa8b95d9830d95\" tg-width=\"640\" tg-height=\"250\"/></p><p>Compiled by the author</p><p>We could have blamed possible weakness in the Chinese EV market overall, but we see that Li Auto improved its deliveries sequentially every month this year. After June deliveries are announced, Li Auto will likely surpass its full FY 2022 in the number of vehicles delivered. On the contrary, NIO is very far from surpassing last year&#39;s deliveries. It is a huge red flag for me because the company is losing its market share in the domestic market, meaning NIO&#39;s vehicles will not be competitive outside China as well.</p><h2>Bottom line</h2><p>To conclude, NIO stock is a strong sell. The company is losing market share in the domestic market. If the company is not competitive at home, the chances for a successful global expansion are very close to zero. NIO is highly likely to underperform the ambitious 17% long-term revenue CAGR expected by consensus estimates. Moreover, the company is still burning cash, and the balance sheet looks like the company will need to raise substantial amounts next year. A recent rally might be a good chance to sell the stock because the future does not look bright for NIO.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO: Sell This Dead Cat Bounce</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\">\nNIO: Sell This Dead Cat Bounce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-22 19:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4612901-nio-stock-losing-market-share-in-domestic-market-sell><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment thesisNIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The company's market cap was close to $100 billion and is now traded much cheaper. My analysis suggests...</p>\n\n<a href=\"https://seekingalpha.com/article/4612901-nio-stock-losing-market-share-in-domestic-market-sell\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://seekingalpha.com/article/4612901-nio-stock-losing-market-share-in-domestic-market-sell","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2345738161","content_text":"Investment thesisNIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The company's market cap was close to $100 billion and is now traded much cheaper. My analysis suggests the selloff was fair because the company is losing the competition to its local rivals, not to mention other automotive giants entering the Chinese EV market. Moreover, NIO is highly likely to miss the aggressive growth profile consensus estimates expected from the company. Therefore, the stock is a strong sell.Company informationNIO is a Chinese electric vehicle [EV] manufacturer incorporated in 2014. The company is headquartered in Shanghai. NIO designs, develops, jointly manufactures, and sells its vehicles in the premium EV market.The company's fiscal year ends on December 31 with a single reportable segment.FinancialsNIO went public in the U.S. in 2018. It means we have a relatively short horizon for financial analysis. Over the last five years, the company's sales have increased by about ten-fold, and the company now generates positive gross profit but looks far from a breakeven from the operating profit perspective.Author's calculationsThe company reinvests a substantial 20% of sales to R&D to improve its vehicles. SG&A to revenue ratio also looks high, though it has improved significantly in recent years, meaning the company is striving to expand its operating margin as the business scales up.Data by YChartsLooking at the latest quarterly dynamics, the company faces challenges because Q1 sales were flat while expenses snowballed. It means profitability metrics are shrinking, adding more uncertainty to the company's break-even timing. NIO's flat sales in Q1 are a huge red flag for me because the Chinese EV market grew 25% in Q1 2023 compared to the same period a year earlier. It means that NIO's difficulties are not due to the overall weakness and cannot be explained by cyclicality. Weakness in NIO's Q1 sales is highly likely related to the weak demand for the company's vehicles due to the unattractiveness of the company's offerings. This led to about $750 million operating loss for the quarter. It is crucial because the company is burning cash at a rapid pace. As you can see, the company's cash balance almost halved in just six quarters.Seeking AlphaDuring Q1 of FY 2023, the company's cash balance decreased by about a billion dollars. If NIO sustains this cash burn rate, the company will need to raise financing already in FY 2024. This is a red flag for investors as well. The company will raise debt finance, adversely affecting profitability and decreasing shareholders' wealth. Or, the company might issue more shares, which is also bad for investors whose stakes will be diluted. There are no good options for a company rapidly running out of cash. You can also see below that NIO's liquidity is rapidly melting and liquidity ratios are likely to fall below one in just a few quarters.Author's calculationsValuationNIO stock underperformed the broad U.S. market this year with about a 3% decline in the stock price. Overall, the stock now trades about six times cheaper than January 2021 peaks. Seeking Alpha Quant assigned the stock a low \"D\" valuation grade, meaning NIO is not attractively valued. This is due to the company's high valuation ratios compared to the sector median.I want to cross-check the multiples analysis with a discounted cash flow [DCF] approach. Due to substantial political and country risks, I use a high 15% WACC for the valuation of Chinese companies. I have revenue consensus estimates for the next decade, though I consider them too optimistic, with about 17% CAGR. Therefore, I will simulate a more conservative scenario as well. Consensus estimates also forecast that adjusted EPS will break even after FY 2025. Therefore, I expect a positive FCF margin starting only from FY 2026. I project that the FCF margin will expand by two percentage points yearly.Author's calculationsAs you can see, the company's fair business value is about $58 billion, meaning the stock is about four times undervalued. But 17% revenue CAGR is too optimistic. For example, according to statista.com, the Chinese EV market is expected to grow at a modest 6.4% CAGR over the next five years. To be not so pessimistic, I round up the revenue growth rate to 7% for my second scenario. Since the growth rate is more conservative for the second scenario, so are the FCF assumptions.Author's calculationsBased on more conservative assumptions, the stock now looks fairly valued with little upside potential. Overall, I believe the second scenario is more likely to unfold than the first one. In the \"Risks to consider\" section below, I explain why the company is unlikely to meet long-term consensus expectations.Risks to considerAs we saw in my article's \"Valuation\" section, consensus estimates forecast very aggressive revenue growth. Consensus estimates project FY 2023 revenue at $9.25 billion, meaning about 30% growth compared to the prior year. The correlation between income and the number of deliveries is not 100%, but extreme dependence exists. Therefore, for my analysis, I expect the company to deliver 30% more EVs this year than in FY 2022. FY 2023 deliveries should be about 160,000 to meet the projected consensus revenue. During the first five months of 2023, NIO delivered about 44,000 vehicles, meaning about 116,000 have to be delivered during the remaining seven months of the year. In other words, between June and December of 2023, the company has to deliver about 16.5 thousand vehicles per month on average. In the below table, you can see two significant trends. First, the number of deliveries has declined since February and almost halved. Second, the company was never even close to 16.5 thousand deliveries this year.Compiled by the authorTherefore, the risk that the company will not be able to meet expected revenue growth is exceptionally high in the short- and long-term. If the company fails to achieve expected revenue this year, long-term earnings projections will likely be revised by analysts, which will directly adversely affect valuations.The company faces intense competition from local EV rivals like Li Auto (LI) and the undisputed global EV leader Tesla (TSLA). We should also not forget other established giant automakers like Toyota (TM) and Volkswagen (OTCPK:VWAGY). In my opinion, the Chinese EV market looks like a\"red ocean\", and NIO does not look like a shark in this massacre. Global automotive giants possess more resources to invest in innovation and ramp production. NIO is definitely in a weaker position than TSLA of VWAGY. But the company looks much weaker compared to its Chinese rival, LI. Below is the dynamic of NIO and Li Auto deliveries this year.Compiled by the authorWe could have blamed possible weakness in the Chinese EV market overall, but we see that Li Auto improved its deliveries sequentially every month this year. After June deliveries are announced, Li Auto will likely surpass its full FY 2022 in the number of vehicles delivered. On the contrary, NIO is very far from surpassing last year's deliveries. It is a huge red flag for me because the company is losing its market share in the domestic market, meaning NIO's vehicles will not be competitive outside China as well.Bottom lineTo conclude, NIO stock is a strong sell. The company is losing market share in the domestic market. If the company is not competitive at home, the chances for a successful global expansion are very close to zero. NIO is highly likely to underperform the ambitious 17% long-term revenue CAGR expected by consensus estimates. Moreover, the company is still burning cash, and the balance sheet looks like the company will need to raise substantial amounts next year. A recent rally might be a good chance to sell the stock because the future does not look bright for NIO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943948591,"gmtCreate":1679067104113,"gmtModify":1679068680390,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$&nbsp;</a> Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/","listText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$&nbsp;</a> Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/","text":"$Luckin Coffee Inc.(LKNCY)$ Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943948591","isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924705400,"gmtCreate":1672324963600,"gmtModify":1676538672526,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GOTU\">$Gaotu Techedu Inc.(GOTU)$&nbsp;</a>https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason","listText":"<a href=\"https://ttm.financial/S/GOTU\">$Gaotu Techedu Inc.(GOTU)$&nbsp;</a>https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason","text":"$Gaotu Techedu Inc.(GOTU)$ https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924705400","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922244377,"gmtCreate":1671786190200,"gmtModify":1676538593285,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths&nbsp;back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....","listText":"Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths&nbsp;back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....","text":"Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922244377","repostId":"1169684458","repostType":2,"repost":{"id":"1169684458","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1671786031,"share":"https://ttm.financial/m/news/1169684458?lang=&edition=fundamental","pubTime":"2022-12-23 17:00","market":"us","language":"en","title":"Tesla Shares Rallied 2% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1169684458","media":"Tiger Newspress","summary":"Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for a","content":"<html><head></head><body><p>Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.</p><p>While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a &#34;serious recession&#34; in 2023 and demand for big-ticket items will be lower.</p><p>His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk&#39;s distraction with Twitter and his stock sales.</p><p>&#34;I won&#39;t sell stock until I don&#39;t know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,&#34; Musk said.</p><p>Shares of Tesla rose 2% in premarket trading Friday.</p><p><img src=\"https://static.tigerbbs.com/d54b27ca2b24cdc62f026e44dc5180c2\" tg-width=\"866\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p>Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company&#39;s shares wallow at over two-year lows.</p><p>&#34;I needed to sell some stock to make sure, like, there&#39;s powder dry...to account for a worst case scenario,&#34; the billionaire said.</p><p>He said Tesla&#39;s board is open to share buyback, but that will depend on the scale of a recession.</p><p>On Thursday, Tesla stocks plunged 9%, after Tesla started to offer deep, $7,500 discounts to U.S. consumers, fueling investor concerns about softening demand as the economy slows.</p><p>&#34;I think there is going to be some macro drama that&#39;s higher than people currently think,&#34; he said, adding that homes and cars will get &#34;disproportionately impacted&#34; by economic conditions.</p><p>Musk said that Tesla is close to picking the location of its new &#34;Gigafactory.&#34; Tesla could announce the construction of a &#34;Gigafactory&#34; in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported on Monday.</p><p>Asked whether he would bring in someone such as venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business.</p><p>&#34;(Twitter) is maybe 10% of the complexity of Tesla,&#34; Musk said.</p><p>Musk said earlier this week that he will step down as chief executive of Twitter once he finds &#34;someone foolish enough to take the job.&#34;</p><p>In response to concerns that his political views and controversial comments are alienating some people, he said, &#34;I am not going to like sort of suppress my views just to boost the stock price.&#34;</p><p>Musk has increasingly used Twitter&#39;s live audio platform to weigh in on his product and strategic decisions at the social media company he took private in October in a $44 billion deal.</p></body></html>","collect":0,"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>Tesla Shares Rallied 2% in Premarket Trading</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\">\nTesla Shares Rallied 2% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-23 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.</p><p>While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a &#34;serious recession&#34; in 2023 and demand for big-ticket items will be lower.</p><p>His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk&#39;s distraction with Twitter and his stock sales.</p><p>&#34;I won&#39;t sell stock until I don&#39;t know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,&#34; Musk said.</p><p>Shares of Tesla rose 2% in premarket trading Friday.</p><p><img src=\"https://static.tigerbbs.com/d54b27ca2b24cdc62f026e44dc5180c2\" tg-width=\"866\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p>Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company&#39;s shares wallow at over two-year lows.</p><p>&#34;I needed to sell some stock to make sure, like, there&#39;s powder dry...to account for a worst case scenario,&#34; the billionaire said.</p><p>He said Tesla&#39;s board is open to share buyback, but that will depend on the scale of a recession.</p><p>On Thursday, Tesla stocks plunged 9%, after Tesla started to offer deep, $7,500 discounts to U.S. consumers, fueling investor concerns about softening demand as the economy slows.</p><p>&#34;I think there is going to be some macro drama that&#39;s higher than people currently think,&#34; he said, adding that homes and cars will get &#34;disproportionately impacted&#34; by economic conditions.</p><p>Musk said that Tesla is close to picking the location of its new &#34;Gigafactory.&#34; Tesla could announce the construction of a &#34;Gigafactory&#34; in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported on Monday.</p><p>Asked whether he would bring in someone such as venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business.</p><p>&#34;(Twitter) is maybe 10% of the complexity of Tesla,&#34; Musk said.</p><p>Musk said earlier this week that he will step down as chief executive of Twitter once he finds &#34;someone foolish enough to take the job.&#34;</p><p>In response to concerns that his political views and controversial comments are alienating some people, he said, &#34;I am not going to like sort of suppress my views just to boost the stock price.&#34;</p><p>Musk has increasingly used Twitter&#39;s live audio platform to weigh in on his product and strategic decisions at the social media company he took private in October in a $44 billion deal.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169684458","content_text":"Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a \"serious recession\" in 2023 and demand for big-ticket items will be lower.His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk's distraction with Twitter and his stock sales.\"I won't sell stock until I don't know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,\" Musk said.Shares of Tesla rose 2% in premarket trading Friday.Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company's shares wallow at over two-year lows.\"I needed to sell some stock to make sure, like, there's powder dry...to account for a worst case scenario,\" the billionaire said.He said Tesla's board is open to share buyback, but that will depend on the scale of a recession.On Thursday, Tesla stocks plunged 9%, after Tesla started to offer deep, $7,500 discounts to U.S. consumers, fueling investor concerns about softening demand as the economy slows.\"I think there is going to be some macro drama that's higher than people currently think,\" he said, adding that homes and cars will get \"disproportionately impacted\" by economic conditions.Musk said that Tesla is close to picking the location of its new \"Gigafactory.\" Tesla could announce the construction of a \"Gigafactory\" in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported on Monday.Asked whether he would bring in someone such as venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business.\"(Twitter) is maybe 10% of the complexity of Tesla,\" Musk said.Musk said earlier this week that he will step down as chief executive of Twitter once he finds \"someone foolish enough to take the job.\"In response to concerns that his political views and controversial comments are alienating some people, he said, \"I am not going to like sort of suppress my views just to boost the stock price.\"Musk has increasingly used Twitter's live audio platform to weigh in on his product and strategic decisions at the social media company he took private in October in a $44 billion deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960229181,"gmtCreate":1668178904643,"gmtModify":1676538025195,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....","listText":"Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....","text":"Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960229181","repostId":"1149378268","repostType":2,"repost":{"id":"1149378268","pubTimestamp":1668180804,"share":"https://ttm.financial/m/news/1149378268?lang=&edition=fundamental","pubTime":"2022-11-11 23:33","market":"hk","language":"en","title":"NIO Q3: Get Comfortable With Single-Digit Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1149378268","media":"Seeking Alpha","summary":"SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to E","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.</li><li>In the long term, NIO could be a beneficiary of China’s secular shift to EV, its capacity ramp-up, and its strong branding relative to its domestic peers.</li><li>Unfortunately, in the near term, say the next ~2 years, I see too many headwinds to keep its prices in the single-digit range.</li><li>These headwinds include political uncertainty, margin pressure, COVID restrictions, intensifying competition, and uncertain EV subsidies.</li></ul><p><b>Q3 recap and thesis</b></p><p>I&#39;ve been writing a series of articles on NIO (NYSE:NIO) since May 2022 to caution readers of the many headwinds it&#39;s facing. Undoubtedly, I see all the good things that the bulls like about this stock. However, I see even stronger headwinds. For example, in an article published in August 2022, entitled &#34;<i>A Simple Reality Check</i>&#34;, I cautioned readers about its lack of profit and its unsustainable valuation. The stock was still trading at about $21 per share at that time.</p><p>Fast forward to now, NIO just released its Q3 earnings report (&#34;ER&#34;). Its Q3 Non-GAAP EPS (i.e., earnings per ADS) came in at -$0.30 and missed consensus estimates by $0.14. Vehicle margin was compressed by another 160 basis points to 16.4% compared with 18.0% a year ago. Its stock prices plunged 12.4% after its Q3 ER into the single-digit range ($9.25 as of this writing, before the market open on Nov 10, 2022).</p><p>Now looking ahead, I maintain my bear thesis. And more specifically, in this article, I will argue that NIO&#39;s stock prices would remain in the single digits in the near term (say the next 1~2 year or so). I acknowledge its long-term headwinds, including China&#39;s secular shift towards EVs, its leading branding power, and its aggressive vehicle delivery plans. But I see the negative catalysts to have the upper hand in the near term due to a multitude of strong headwinds, as detailed next.</p><p><b>Strong delivery and top line growth</b></p><p>To have a full view, let&#39;s first review the positives before we dive into the headwinds. NIO enjoys leading production and delivery scales among China&#39;s domestic EV players. It has demonstrated a robust ramp-up of production and delivery capacity in the past consistently as you can see from the following chart. specifically, in its September delivery report, it provided the following update for its 2022 Q3 deliveries, boasting another quarter of quarterly deliveries and a nearly 30% YoY growth rate.</p><blockquote><ul><li>NIO delivered 10,878 vehicles in September 2022</li><li>NIO delivered 31,607 vehicles in the three months ended September 2022, increasing by 29.3% year-over-year and achieving record-high quarterly deliveries</li><li>Cumulative deliveries of NIO vehicles reached 249,504 as of September 30, 2022</li></ul></blockquote><p>In its Q3 ER, it reported a total vehicle delivery exceeding 10k during the October month, translating into a 174.3% YOY (but a slight 7.5% decline MOM). And for its Q4 outlook, it aims at a delivery target in the range of 43k to 48k vehicles, translating into a growth rate of 71.8% to 91.7% YoY. Total revenues are projected to grow in tandem 75.4% to 94.2% YOY.</p><p><img src=\"https://static.tigerbbs.com/08ec5bbea7e73b8f01cba016203fbf78\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>Source: InsideEVs (NIO)</p><p>At the same time, its scale helps it to maintain healthy operation efficiency as you can see from the following comparison of its asset utilization (&#34;AU&#34;) against its domestic peer XPeng (XPEV) and U.S. peer Ford (F). NIO&#39;s AU current stands at 0.50x, slightly below its long-term average of 0.517x largely due to the lockdowns in China due to recent COVID case resurgences. Despite the recent decline in its AU, it is still above XPEV&#39;s 0.47x and comparable to F&#39;s long-term average levels.</p><p><img src=\"https://static.tigerbbs.com/97fee074dcebb0f9b0b198d3ec8f6b49\" tg-width=\"640\" tg-height=\"412\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Margin pressure and lack of profit</b></p><p>However, the business has been suffering margin pressure on the bottom line and is yet to earn a positive profit. As seen, its gross profit margin (&#34;GPM&#34;) peaked around 18% during 2H of 2021, surpassing Ford. But recently, the GPM has been under pressure and contracted to the current level of 13% by about 500 basis points. Now its GPM is lower than F&#39;s 17.4% by a good gap (although still better than XPEV&#39;s 10.8%). In terms of profit margin, as shown in the bottom panel, the picture is even more concerning. Its net profit margin has always been in the negatives and is -26.7% currently.</p><p><img src=\"https://static.tigerbbs.com/8e1df97debcf4e604bd61440b04debc6\" tg-width=\"640\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p>The picture does not improve as we broaden the view to include other metrics as seen in the chart below. Its metrics are negative across the board ranging from EBIT margin, EBITDA margin, and FCF margin.</p><p>Looking forward, I see a few key headwinds to keep its profits in the negative besides the macroeconomic factors. First, I expect the capital requirements to continue as it pursues the expansion of charging infrastructures. And note that its cash from operations sat at only $309M, far from being able to meet such requirements. To satisfy customers&#39; needs, management will need to keep spending on both battery swap stations and also charging stations. Secondly, I expect some of its manufacturing problems and also the global supply chain disruptions to persist. For example, it reported early about an issue involving the low yield rate of its mega-casting parts with its suppliers. This seemingly arcane issue actually can bottleneck its production ramp-up and efficiency, and it will take NIO time to solve its or find alternative suppliers amid supply chain disruptions.</p><p>Next, we will see that despite the lack of profit, the stock is still valued at an elevated level despite the large price corrections.</p><p><img src=\"https://static.tigerbbs.com/f688292596be907354e6847dbf3838b9\" tg-width=\"640\" tg-height=\"290\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Valuation still too expensive</b></p><p>In terms of valuation, NIO is still trading at a large premium both in absolute and relative terms. Its lack of profit makes bottom-line oriented metric meaningless as seen in the chart below. Even FY3 PE stands at 163x, compare to about 6~7x for F. Furthermore, because of the many headwinds as analyzed above and its mixed Q3 results, its earnings outlook is both bleak and highly uncertain as reflected in the consensus estimates in the second chart below. NIO&#39;s earnings revisions for the last 3 months paint a highly pessimistic and uncertain picture. A total of 11 analysts submitted EPS forecasts, and a total of 9 analysts revised the EPS downward by as much as 70% to 95% in 2024.</p><p>Using top-line valuation metrics, its P/Sales ratio is still at 2.5x despite the price corrections, on par with the S&amp;P 500 index, about 2x higher than XPEV&#39;s 1.3x, and 7.1x higher than F&#39;s 0.35x. I found such a valuation unjustifiable given its lack of profit and the many headwinds it is facing. And again, its topline growth is highly uncertain too as reflected in the consensus estimates. A total of 21 analysts submitted revenue forecasts, and a total of 17 analysts revised the revenues downward.</p><p><img src=\"https://static.tigerbbs.com/5627051b392e84ff2ec468d7a59b0352\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/47d4424a62235a5a7974b517fb8f2363\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Other risks and final thoughts</b></p><p>To conclude, in the long term, NIO could benefit from the secular shift in China towards EVs, its capacity ramp-up, and its strong branding relative to its domestic peers.</p><p>However, I see too many strong forces in the near term to pressure the stock prices into the single-digit range. The stock has yet to report a positive earnings. So far, it has been trapped in the dreaded vicious cycle: the more vehicles it sells, the more money it loses.</p><p>The combination of elevated valuation and lack of net profit would also keep a lid on the stock prices. NIO had to temporarily suspend production at two of its plants in Hefei during Q3. And such suspensions are likely to recur in the near future. And finally, the stock may face the risk of securing new financing as its high CAPEX requirements persist while its organic earnings remain low or negative.</p></body></html>","collect":0,"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>NIO Q3: Get Comfortable With Single-Digit Prices</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\">\nNIO Q3: Get Comfortable With Single-Digit Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-11 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149378268","content_text":"SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to EV, its capacity ramp-up, and its strong branding relative to its domestic peers.Unfortunately, in the near term, say the next ~2 years, I see too many headwinds to keep its prices in the single-digit range.These headwinds include political uncertainty, margin pressure, COVID restrictions, intensifying competition, and uncertain EV subsidies.Q3 recap and thesisI've been writing a series of articles on NIO (NYSE:NIO) since May 2022 to caution readers of the many headwinds it's facing. Undoubtedly, I see all the good things that the bulls like about this stock. However, I see even stronger headwinds. For example, in an article published in August 2022, entitled \"A Simple Reality Check\", I cautioned readers about its lack of profit and its unsustainable valuation. The stock was still trading at about $21 per share at that time.Fast forward to now, NIO just released its Q3 earnings report (\"ER\"). Its Q3 Non-GAAP EPS (i.e., earnings per ADS) came in at -$0.30 and missed consensus estimates by $0.14. Vehicle margin was compressed by another 160 basis points to 16.4% compared with 18.0% a year ago. Its stock prices plunged 12.4% after its Q3 ER into the single-digit range ($9.25 as of this writing, before the market open on Nov 10, 2022).Now looking ahead, I maintain my bear thesis. And more specifically, in this article, I will argue that NIO's stock prices would remain in the single digits in the near term (say the next 1~2 year or so). I acknowledge its long-term headwinds, including China's secular shift towards EVs, its leading branding power, and its aggressive vehicle delivery plans. But I see the negative catalysts to have the upper hand in the near term due to a multitude of strong headwinds, as detailed next.Strong delivery and top line growthTo have a full view, let's first review the positives before we dive into the headwinds. NIO enjoys leading production and delivery scales among China's domestic EV players. It has demonstrated a robust ramp-up of production and delivery capacity in the past consistently as you can see from the following chart. specifically, in its September delivery report, it provided the following update for its 2022 Q3 deliveries, boasting another quarter of quarterly deliveries and a nearly 30% YoY growth rate.NIO delivered 10,878 vehicles in September 2022NIO delivered 31,607 vehicles in the three months ended September 2022, increasing by 29.3% year-over-year and achieving record-high quarterly deliveriesCumulative deliveries of NIO vehicles reached 249,504 as of September 30, 2022In its Q3 ER, it reported a total vehicle delivery exceeding 10k during the October month, translating into a 174.3% YOY (but a slight 7.5% decline MOM). And for its Q4 outlook, it aims at a delivery target in the range of 43k to 48k vehicles, translating into a growth rate of 71.8% to 91.7% YoY. Total revenues are projected to grow in tandem 75.4% to 94.2% YOY.Source: InsideEVs (NIO)At the same time, its scale helps it to maintain healthy operation efficiency as you can see from the following comparison of its asset utilization (\"AU\") against its domestic peer XPeng (XPEV) and U.S. peer Ford (F). NIO's AU current stands at 0.50x, slightly below its long-term average of 0.517x largely due to the lockdowns in China due to recent COVID case resurgences. Despite the recent decline in its AU, it is still above XPEV's 0.47x and comparable to F's long-term average levels.Source: Seeking Alpha dataMargin pressure and lack of profitHowever, the business has been suffering margin pressure on the bottom line and is yet to earn a positive profit. As seen, its gross profit margin (\"GPM\") peaked around 18% during 2H of 2021, surpassing Ford. But recently, the GPM has been under pressure and contracted to the current level of 13% by about 500 basis points. Now its GPM is lower than F's 17.4% by a good gap (although still better than XPEV's 10.8%). In terms of profit margin, as shown in the bottom panel, the picture is even more concerning. Its net profit margin has always been in the negatives and is -26.7% currently.Source: Seeking Alpha dataThe picture does not improve as we broaden the view to include other metrics as seen in the chart below. Its metrics are negative across the board ranging from EBIT margin, EBITDA margin, and FCF margin.Looking forward, I see a few key headwinds to keep its profits in the negative besides the macroeconomic factors. First, I expect the capital requirements to continue as it pursues the expansion of charging infrastructures. And note that its cash from operations sat at only $309M, far from being able to meet such requirements. To satisfy customers' needs, management will need to keep spending on both battery swap stations and also charging stations. Secondly, I expect some of its manufacturing problems and also the global supply chain disruptions to persist. For example, it reported early about an issue involving the low yield rate of its mega-casting parts with its suppliers. This seemingly arcane issue actually can bottleneck its production ramp-up and efficiency, and it will take NIO time to solve its or find alternative suppliers amid supply chain disruptions.Next, we will see that despite the lack of profit, the stock is still valued at an elevated level despite the large price corrections.Source: Seeking Alpha dataValuation still too expensiveIn terms of valuation, NIO is still trading at a large premium both in absolute and relative terms. Its lack of profit makes bottom-line oriented metric meaningless as seen in the chart below. Even FY3 PE stands at 163x, compare to about 6~7x for F. Furthermore, because of the many headwinds as analyzed above and its mixed Q3 results, its earnings outlook is both bleak and highly uncertain as reflected in the consensus estimates in the second chart below. NIO's earnings revisions for the last 3 months paint a highly pessimistic and uncertain picture. A total of 11 analysts submitted EPS forecasts, and a total of 9 analysts revised the EPS downward by as much as 70% to 95% in 2024.Using top-line valuation metrics, its P/Sales ratio is still at 2.5x despite the price corrections, on par with the S&P 500 index, about 2x higher than XPEV's 1.3x, and 7.1x higher than F's 0.35x. I found such a valuation unjustifiable given its lack of profit and the many headwinds it is facing. And again, its topline growth is highly uncertain too as reflected in the consensus estimates. A total of 21 analysts submitted revenue forecasts, and a total of 17 analysts revised the revenues downward.Source: Seeking Alpha dataSource: Seeking Alpha dataOther risks and final thoughtsTo conclude, in the long term, NIO could benefit from the secular shift in China towards EVs, its capacity ramp-up, and its strong branding relative to its domestic peers.However, I see too many strong forces in the near term to pressure the stock prices into the single-digit range. The stock has yet to report a positive earnings. So far, it has been trapped in the dreaded vicious cycle: the more vehicles it sells, the more money it loses.The combination of elevated valuation and lack of net profit would also keep a lid on the stock prices. NIO had to temporarily suspend production at two of its plants in Hefei during Q3. And such suspensions are likely to recur in the near future. And finally, the stock may face the risk of securing new financing as its high CAPEX requirements persist while its organic earnings remain low or negative.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910919323,"gmtCreate":1663546660662,"gmtModify":1676537286502,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"Tell me you are shorting without telling me you areshorting 😂","listText":"Tell me you are shorting without telling me you areshorting 😂","text":"Tell me you are shorting without telling me you areshorting 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910919323","repostId":"1175857733","repostType":2,"repost":{"id":"1175857733","pubTimestamp":1663546305,"share":"https://ttm.financial/m/news/1175857733?lang=&edition=fundamental","pubTime":"2022-09-19 08:11","market":"sg","language":"en","title":"This is Why Nio Stock Might be in Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=1175857733","media":"TipRanks","summary":"Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, main","content":"<div>\n<p>Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, mainly due to economic reasons. However, for Chinese EV upstart Nio, consumer cultural factors could ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"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>This is Why Nio Stock Might be in Trouble</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\">\nThis is Why Nio Stock Might be in Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 08:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, mainly due to economic reasons. However, for Chinese EV upstart Nio, consumer cultural factors could ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175857733","content_text":"Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, mainly due to economic reasons. However, for Chinese EV upstart Nio, consumer cultural factors could also impose a significant headwind on NIO stock.As the various consequences of climate change and the economic burden of rising gasoline prices coalesced, electric vehicles became attractive. Under this framework, relative EV upstarts like China-based Nio (NYSE:NIO) enjoyed substantial rewards. However, as the global consumer market enters a different paradigm, expensive vehicle brands without established pedigree may become a liability. I am bearish on NIO stock.Credit belongs to TipRanks contributor Steve Anderson for recognizing the signs of a sector slowdown. While the big Chinese EV manufacturers like Nio, Xpeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) disclosed delivery numbers, none of them stood out for providing substantively encouraging figures. While year-over-year comparisons pinged positively, regional economic data actually presented a dark cloud over the proceedings.Sure enough, when Nio released its financial disclosure for the second quarter of 2022, management raised some eyebrows. Nio incurred an earnings loss of $0.19 per share, in contrast to the loss of $0.06 in the year-ago quarter. Notably, the red ink expanded despite the EV maker improving deliveries.Still, NIO stock managed to swing higher following the Q2 report. In particular, market observers liked that the EV specialist managed to post revenue generated from vehicle sales of $1.43 billion, up 21% on a year-over-year basis.Additionally, management upgraded its outlook for Q3, expecting deliveries ranging between 31,000 to 33,000 vehicles. This would imply a year-over-year increase of between 26.8% and 35%. Also, total revenue could come in between $1.92 billion and $2.03 billion, representing a growth of 31% to 38.7%.Despite some solid performances in Q2, the underlying projections for NIO stock may be too optimistic, given current circumstances.Economic Woes Will Likely Impede NIO StockWhile many, if not most, market analysts love to tout the ambitious aphorism that electric vehicles are the future, the reality is this future depends on economic cooperation. If outside circumstances negatively affect consumer sentiment, it won’t matter how clean and efficient EVs are. Everything comes down to the bottom line. In that sense, China’s economic woes represent arguably the biggest concern for NIO stock.In June of this year, TipRanks reporter Amit Singhnoted a deceleration in China’s economy. More recently, a September article byBloombergwarned that the world’s second-largest economic power is bracing for a slowdown that could be even worse than 2020. Of course, that’s an alarming headline considering the catastrophic COVID-19 pandemic.If that wasn’t troubling enough for NIO stock, The Wall Street Journal reported in August that China’s central bank was no longer interested in implementing the aggressive measures it deployed in the past to bolster economic performances. Now, Beijing’s concerns about rising debt and diminishing returns from spending killed the appetite for dovish monetary policies.Therefore, the optimistic projections about NIO stock run into a credibility problem. If multiple high-level sources are sounding the alarm bells for China’s economic viability, the idea that EVs – which tend to be pricier than their combustion-powered counterparts – will somehow thrive seems unrealistic.Consumer Culture Differences Could Hurt Nio StockIn late July, I mentioned that in the casino industry, eastern and western gamblers approach the sector differently. If the east/west cultural divide imparts significant differences in revenue allocation for gambling centers, it stands to reason that such a divide can also impact other consumer segments. Specifically, Chinese EV investments like NIO stock can end up hurting because they command a premium but without a justifying heritage.Though some circumstances are changing, for the most part, Chinese consumers tend to gravitate toward American chain restaurants because of the status symbol effect. While getting a burger and fries is a nothing-burger in America, in China, such a practice was exotic for decades.Now, consider the elements involved in an EV purchase. In the U.S., the average price of a new EV stands at nearly $63,000. In relation to the median U.S. household income, an average EV represents about 90% of median earnings.Here, Chinese and American consumers may feel the same. If they’re going to fork over that much of their earnings for a vehicle, it should mean something. Otherwise, it might be better to simply get something cheaper.However, the problem for NIO stock is that the underlying company has not yet proven that it can sustainably deliver cheap EVs. With a retained earnings loss of over $8.7 billion at the end of 2021, Nio can’t sustainably deliver expensive EVs to market.What is a Good Price for NIO Stock?Turning to Wall Street, NIO stock has a Strong Buy consensus rating based on nine Buys assigned in the past three months. The average NIO price target is $31.84, implying 52.1% upside potential.Takeaway: Consumer Sentiment is Fading and Will Pressure EV SalesWhen NIO stock first materialized, the upside potential stemmed from the underlying massive consumer base and broader interest in EV integration. However, with the global economic paradigm shifting rapidly, consumer sentiment will likely fade, presenting significant challenges for Nio and many other EV manufacturers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995441834,"gmtCreate":1661506623030,"gmtModify":1676536532075,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"&nbsp;Please counter sue to make them pay forbthe mess they creates&nbsp;","listText":"&nbsp;Please counter sue to make them pay forbthe mess they creates&nbsp;","text":"Please counter sue to make them pay forbthe mess they creates","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995441834","repostId":"1115394877","repostType":2,"repost":{"id":"1115394877","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1661506401,"share":"https://ttm.financial/m/news/1115394877?lang=&edition=fundamental","pubTime":"2022-08-26 17:33","market":"hk","language":"en","title":"NIO Inc. Announces Substantial Completion of Independent Internal Review","url":"https://stock-news.laohu8.com/highlight/detail?id=1115394877","media":"Tiger Newspress","summary":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company","content":"<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an independent committee of the board of directors (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was formed to oversee an independent internal review regarding the key allegations made in the Short Seller Report (the “Internal Review”). The Internal Review was performed by the Independent Committee with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company&#39;s auditor. The Internal Review is now substantially complete. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations were not substantiated.</p><p><b>About NIO Inc.</b></p><p>NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium smart electric SUV, the ES7, a mid-large five-seater premium smart electric SUV, the ES6, a five-seater high-performance premium smart electric SUV, the EC6, a five-seater premium smart electric coupe SUV, the ET7, a flagship premium smart electric sedan, and the ET5, a mid-size premium smart electric sedan.</p></body></html>","collect":0,"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>NIO Inc. Announces Substantial Completion of Independent Internal Review</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\">\nNIO Inc. Announces Substantial Completion of Independent Internal Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-26 17:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an independent committee of the board of directors (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was formed to oversee an independent internal review regarding the key allegations made in the Short Seller Report (the “Internal Review”). The Internal Review was performed by the Independent Committee with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company&#39;s auditor. The Internal Review is now substantially complete. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations were not substantiated.</p><p><b>About NIO Inc.</b></p><p>NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium smart electric SUV, the ES7, a mid-large five-seater premium smart electric SUV, the ES6, a five-seater high-performance premium smart electric SUV, the EC6, a five-seater premium smart electric coupe SUV, the ET7, a flagship premium smart electric sedan, and the ET5, a mid-size premium smart electric sedan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115394877","content_text":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an independent committee of the board of directors (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was formed to oversee an independent internal review regarding the key allegations made in the Short Seller Report (the “Internal Review”). The Internal Review was performed by the Independent Committee with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company's auditor. The Internal Review is now substantially complete. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations were not substantiated.About NIO Inc.NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium smart electric SUV, the ES7, a mid-large five-seater premium smart electric SUV, the ES6, a five-seater high-performance premium smart electric SUV, the EC6, a five-seater premium smart electric coupe SUV, the ET7, a flagship premium smart electric sedan, and the ET5, a mid-size premium smart electric sedan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042567859,"gmtCreate":1656502111671,"gmtModify":1676535841244,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.","text":"$NIO Inc.(NIO)$https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042567859","isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042201257,"gmtCreate":1656474703079,"gmtModify":1676535836996,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?&nbsp;","listText":"And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?&nbsp;","text":"And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042201257","repostId":"1190650286","repostType":2,"repost":{"id":"1190650286","pubTimestamp":1656470764,"share":"https://ttm.financial/m/news/1190650286?lang=&edition=fundamental","pubTime":"2022-06-29 10:46","market":"hk","language":"en","title":"NIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1190650286","media":"InvestorPlace","summary":"Grizzly Research believes Nio(NIO) is inflating revenue and margins through Wuhan Weineng.Weineng ac","content":"<html><head></head><body><ul><li><b>Grizzly Research</b> believes <b>Nio</b>(<b><u>NIO</u></b>) is inflating revenue and margins through <b>Wuhan Weineng</b>.</li><li>Weineng acts as the company&#39;s battery asset management provider.</li><li>Shares of NIO stock are down about 30% year-to-date (YTD).</li></ul><p><b>Nio</b>(NYSE:<b><u>NIO</u></b>) stock is in the red today following a short report from <b>Grizzly Research</b>. The firm characterizes Nio as an “audacious scheme” that inflates its revenue and net income margins in order to meet Wall Street’s expectations.</p><p><b>Wuhan Weineng</b> acts as Nio’s battery asset management provider. The company was formed in 2020 as a joint venture between Nio and <b>Contemporary Amperex Technology</b>. Since then, Grizzly says Weineng has generated “billions in revenue” for the electric vehicle(EV) company through “accounting games.”</p><p>The short firm compares Nio’s relationship with Weineng to Valeant Pharmaceuticals’ relationship with <b>Philidor</b>. Philidor helped Valeant (now <b>Bausch Health</b>(NYSE:<b><u>BHC</u></b>)) inflate its financials before regulators caught on to the accounting irregularities, ultimately charging Valeant a hefty $45 million fine. For the nine months ended September 2021, Grizzly believes Nio “inflated its revenue and net income by ~10% and 95%, respectively.”</p><p>Weineng collects Nio’s monthly subscription revenue for the company’s battery swap system and battery-as-a-service (BaaS) strategy. Nio is the “only major Chinese EV company” to have these features, which differentiates it from competitors. However, Grizzly emphasizes that Weineng is incorrectly recognizing battery revenue. The firm believes that instead of recognizing revenue over the course of a subscription’s duration, Weineng recognizes revenue right away. As a result, Nio recognizes roughly seven years of revenue immediately.</p><p><b>NIO Stock: Grizzly Research Releases Short Report</b></p><p>Weineng recently disclosed that it has 19,000 battery subscriptions. As of Sept. 30, the company held 40,053 batteries in its inventory. Because of this, Grizzly suggests that Nio has “flooded Weineng with up to extra 21,053 batteries (worth ~1,147M RMB) to boost its numbers.”</p><p>The firm also points out conflicts of interest between Weineng and Nio; two of the former’s top executives also act as Nio’s Vice President and Battery Operating Executive Manager. Meanwhile, Nio President William Li has been involved with “past ventures” that have “seen their stocks collapse and been taken private at a fraction of their peak valuations.”</p><p>Grizzly notes that NIO stock investors may be at risk of a margin call as well. In 2019, Li transferred 50 million shares to establish a fund to give shareholders greater governance of the company. However, Li pledged these shares to <b>UBS</b>(NYSE:<b><u>UBS</u></b>) to “secure a personal loan.” NIO stock has declined by more than 50% since that pledge. Accordingly, Grizzly believes shareholders are “unknowingly exposed” to a potential margin call.</p><p>Chinese government entities have redeemed $2 billion from Nio. They may also potentially collect another $6.7 billion. Currently, the company has a cash balance of $8.2 billion. As such, Grizzly believes that shareholders are prone to further stock dilution in the future.</p></body></html>","source":"lsy1606302653667","collect":0,"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>NIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report</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\">\nNIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 10:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/nio-stock-falls-as-grizzly-research-targets-the-ev-maker-in-new-short-report/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grizzly Research believes Nio(NIO) is inflating revenue and margins through Wuhan Weineng.Weineng acts as the company's battery asset management provider.Shares of NIO stock are down about 30% year-to...</p>\n\n<a href=\"https://investorplace.com/2022/06/nio-stock-falls-as-grizzly-research-targets-the-ev-maker-in-new-short-report/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://investorplace.com/2022/06/nio-stock-falls-as-grizzly-research-targets-the-ev-maker-in-new-short-report/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190650286","content_text":"Grizzly Research believes Nio(NIO) is inflating revenue and margins through Wuhan Weineng.Weineng acts as the company's battery asset management provider.Shares of NIO stock are down about 30% year-to-date (YTD).Nio(NYSE:NIO) stock is in the red today following a short report from Grizzly Research. The firm characterizes Nio as an “audacious scheme” that inflates its revenue and net income margins in order to meet Wall Street’s expectations.Wuhan Weineng acts as Nio’s battery asset management provider. The company was formed in 2020 as a joint venture between Nio and Contemporary Amperex Technology. Since then, Grizzly says Weineng has generated “billions in revenue” for the electric vehicle(EV) company through “accounting games.”The short firm compares Nio’s relationship with Weineng to Valeant Pharmaceuticals’ relationship with Philidor. Philidor helped Valeant (now Bausch Health(NYSE:BHC)) inflate its financials before regulators caught on to the accounting irregularities, ultimately charging Valeant a hefty $45 million fine. For the nine months ended September 2021, Grizzly believes Nio “inflated its revenue and net income by ~10% and 95%, respectively.”Weineng collects Nio’s monthly subscription revenue for the company’s battery swap system and battery-as-a-service (BaaS) strategy. Nio is the “only major Chinese EV company” to have these features, which differentiates it from competitors. However, Grizzly emphasizes that Weineng is incorrectly recognizing battery revenue. The firm believes that instead of recognizing revenue over the course of a subscription’s duration, Weineng recognizes revenue right away. As a result, Nio recognizes roughly seven years of revenue immediately.NIO Stock: Grizzly Research Releases Short ReportWeineng recently disclosed that it has 19,000 battery subscriptions. As of Sept. 30, the company held 40,053 batteries in its inventory. Because of this, Grizzly suggests that Nio has “flooded Weineng with up to extra 21,053 batteries (worth ~1,147M RMB) to boost its numbers.”The firm also points out conflicts of interest between Weineng and Nio; two of the former’s top executives also act as Nio’s Vice President and Battery Operating Executive Manager. Meanwhile, Nio President William Li has been involved with “past ventures” that have “seen their stocks collapse and been taken private at a fraction of their peak valuations.”Grizzly notes that NIO stock investors may be at risk of a margin call as well. In 2019, Li transferred 50 million shares to establish a fund to give shareholders greater governance of the company. However, Li pledged these shares to UBS(NYSE:UBS) to “secure a personal loan.” NIO stock has declined by more than 50% since that pledge. Accordingly, Grizzly believes shareholders are “unknowingly exposed” to a potential margin call.Chinese government entities have redeemed $2 billion from Nio. They may also potentially collect another $6.7 billion. Currently, the company has a cash balance of $8.2 billion. As such, Grizzly believes that shareholders are prone to further stock dilution in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574891504712210","authorId":"3574891504712210","name":"Gerardngo","avatar":"https://static.tigerbbs.com/6c41063ae779ed653ae67917a0bf7568","crmLevel":3,"crmLevelSwitch":0,"idStr":"3574891504712210","authorIdStr":"3574891504712210"},"content":"Precisely, they recognise the small revenue upon subscription but had to also recognise the cost of the spare batteries too. They probably didnt look at how they recongise the bottom line","text":"Precisely, they recognise the small revenue upon subscription but had to also recognise the cost of the spare batteries too. They probably didnt look at how they recongise the bottom line","html":"Precisely, they recognise the small revenue upon subscription but had to also recognise the cost of the spare batteries too. They probably didnt look at how they recongise the bottom line"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038275972,"gmtCreate":1646864639702,"gmtModify":1676534169959,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>9688:hk","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>9688:hk","text":"$NIO Inc.(NIO)$9688:hk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038275972","isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004261653,"gmtCreate":1642618333621,"gmtModify":1676533727828,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577857198559418","authorIdStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$</a>Luckin to relist ?&nbsp;","listText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$</a>Luckin to relist ?&nbsp;","text":"$Luckin Coffee Inc.(LKNCY)$Luckin to relist ?","images":[{"img":"https://static.itradeup.com/news/04acfa2b88e0dfc9c16e056b854eefdb","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004261653","isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":349961824346272,"gmtCreate":1726475602865,"gmtModify":1727085972867,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....&nbsp;","listText":"Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....&nbsp;","text":"Problem with iPhone is the replacement cycle is getting longer and longer because the phone just last longer. Product innovation is already at a plateau. There nothing more revolutionary anyone can get. The motivation to change phone frequently is also lower .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":31,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/349961824346272","repostId":"1141860578","repostType":2,"repost":{"id":"1141860578","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1726475122,"share":"https://ttm.financial/m/news/1141860578?lang=&edition=fundamental","pubTime":"2024-09-16 16:25","market":"us","language":"en","title":"iPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1141860578","media":"Tiger Newspress","summary":"Apple analyst Ming-Chi Kuo today said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been \"lower than expected\" since the devices became available to pre-order in the U.S. and dozens of other ","content":"<html><head></head><body><p>Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been &#34;lower than expected&#34; since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a &#34;supply chain survey&#34; and shipping estimates listed on Apple&#39;s online store.</p><p>Apple shares slid 1.27% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8e1453ee0f62952b7b3f490867a758b3\" tg-width=\"744\" tg-height=\"628\"/></p><p>Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend sales of the iPhone 15 series last year. The analyst said a key factor for the decline is the lower demand for the Pro models, with first-weekend sales of the iPhone 16 Pro and iPhone 16 Pro Max estimated to be down 27% and 16%, respectively, compared to iPhone 15 Pro and iPhone 15 Pro Max sales during the equivalent period last year.</p><p>The standard iPhone 16 and iPhone 16 Plus have seen higher demand than the iPhone 15 and iPhone 15 Plus during the first weekend of sales, but this has not been enough to offset the lower demand for the Pro models, according to Kuo.</p><p>Kuo said a major reason for the iPhone 16 Pro models having lower-than-expected demand is that Apple Intelligence will not be available on the devices when they launch on Friday. Instead, the first Apple Intelligence features are rolling out with iOS 18.1 in October. In addition, the analyst said the iPhone is facing &#34;intense competition&#34; in China.</p></body></html>","collect":0,"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>iPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says</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\">\niPhone 16 Pro Demand Has Been Lower Than Expected, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-09-16 16:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been &#34;lower than expected&#34; since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a &#34;supply chain survey&#34; and shipping estimates listed on Apple&#39;s online store.</p><p>Apple shares slid 1.27% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8e1453ee0f62952b7b3f490867a758b3\" tg-width=\"744\" tg-height=\"628\"/></p><p>Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend sales of the iPhone 15 series last year. The analyst said a key factor for the decline is the lower demand for the Pro models, with first-weekend sales of the iPhone 16 Pro and iPhone 16 Pro Max estimated to be down 27% and 16%, respectively, compared to iPhone 15 Pro and iPhone 15 Pro Max sales during the equivalent period last year.</p><p>The standard iPhone 16 and iPhone 16 Plus have seen higher demand than the iPhone 15 and iPhone 15 Plus during the first weekend of sales, but this has not been enough to offset the lower demand for the Pro models, according to Kuo.</p><p>Kuo said a major reason for the iPhone 16 Pro models having lower-than-expected demand is that Apple Intelligence will not be available on the devices when they launch on Friday. Instead, the first Apple Intelligence features are rolling out with iOS 18.1 in October. In addition, the analyst said the iPhone is facing &#34;intense competition&#34; in China.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141860578","content_text":"Apple analyst Ming-Chi Kuo said demand for the iPhone 16 Pro and iPhone 16 Pro Max has been \"lower than expected\" since the devices became available to pre-order in the U.S. and dozens of other countries on Friday. Kuo said his data is based on a \"supply chain survey\" and shipping estimates listed on Apple's online store.Apple shares slid 1.27% in premarket trading.Kuo estimated that sales of all four iPhone 16 models reached about 37 million units in the first weekend after Apple began accepting pre-orders, which is down nearly 13% compared to first-weekend sales of the iPhone 15 series last year. The analyst said a key factor for the decline is the lower demand for the Pro models, with first-weekend sales of the iPhone 16 Pro and iPhone 16 Pro Max estimated to be down 27% and 16%, respectively, compared to iPhone 15 Pro and iPhone 15 Pro Max sales during the equivalent period last year.The standard iPhone 16 and iPhone 16 Plus have seen higher demand than the iPhone 15 and iPhone 15 Plus during the first weekend of sales, but this has not been enough to offset the lower demand for the Pro models, according to Kuo.Kuo said a major reason for the iPhone 16 Pro models having lower-than-expected demand is that Apple Intelligence will not be available on the devices when they launch on Friday. Instead, the first Apple Intelligence features are rolling out with iOS 18.1 in October. In addition, the analyst said the iPhone is facing \"intense competition\" in China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038275972,"gmtCreate":1646864639702,"gmtModify":1676534169959,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>9688:hk","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>9688:hk","text":"$NIO Inc.(NIO)$9688:hk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038275972","isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":331739985596512,"gmtCreate":1721999154223,"gmtModify":1721999157701,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"A little to late isnt it.&nbsp;","listText":"A little to late isnt it.&nbsp;","text":"A little to late isnt it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/331739985596512","repostId":"2454349805","repostType":2,"repost":{"id":"2454349805","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1721998414,"share":"https://ttm.financial/m/news/2454349805?lang=&edition=fundamental","pubTime":"2024-07-26 20:53","market":"us","language":"en","title":"US Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation","url":"https://stock-news.laohu8.com/highlight/detail?id=2454349805","media":"Reuters","summary":"(Adds detail in paragraphs 2-3)      July 26 (Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Le","content":"<html><head></head><body><p>(Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.</p><p>Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm&#39;s position once the stocks moved, the SEC alleged.</p><p>The Justice Department also charged Left with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.</p></body></html>","collect":0,"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>US Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation</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\">\nUS Sues Citron Capital and Founder Andrew Left for Alleged Market Manipulation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-07-26 20:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.</p><p>Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm&#39;s position once the stocks moved, the SEC alleged.</p><p>The Justice Department also charged Left with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2454349805","content_text":"(Reuters) - The U.S. Securities and Exchange Commission and the Department of Justice on Friday sued short seller Citron Research and its founder Andrew Left for alleged securities fraud.Left used his social media platforms on at least 26 occasions to publicly recommend taking a position in companies, only for him to reverse his firm's position once the stocks moved, the SEC alleged.The Justice Department also charged Left with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042201257,"gmtCreate":1656474703079,"gmtModify":1676535836996,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?&nbsp;","listText":"And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?&nbsp;","text":"And what were u expecting when grizzly research is holding a short position? And investor place never had anything nice to say abt NIO ever. 19,000 subscription for battery and u dun even need to prepare spare for change service ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042201257","repostId":"1190650286","repostType":2,"repost":{"id":"1190650286","pubTimestamp":1656470764,"share":"https://ttm.financial/m/news/1190650286?lang=&edition=fundamental","pubTime":"2022-06-29 10:46","market":"hk","language":"en","title":"NIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1190650286","media":"InvestorPlace","summary":"Grizzly Research believes Nio(NIO) is inflating revenue and margins through Wuhan Weineng.Weineng ac","content":"<html><head></head><body><ul><li><b>Grizzly Research</b> believes <b>Nio</b>(<b><u>NIO</u></b>) is inflating revenue and margins through <b>Wuhan Weineng</b>.</li><li>Weineng acts as the company&#39;s battery asset management provider.</li><li>Shares of NIO stock are down about 30% year-to-date (YTD).</li></ul><p><b>Nio</b>(NYSE:<b><u>NIO</u></b>) stock is in the red today following a short report from <b>Grizzly Research</b>. The firm characterizes Nio as an “audacious scheme” that inflates its revenue and net income margins in order to meet Wall Street’s expectations.</p><p><b>Wuhan Weineng</b> acts as Nio’s battery asset management provider. The company was formed in 2020 as a joint venture between Nio and <b>Contemporary Amperex Technology</b>. Since then, Grizzly says Weineng has generated “billions in revenue” for the electric vehicle(EV) company through “accounting games.”</p><p>The short firm compares Nio’s relationship with Weineng to Valeant Pharmaceuticals’ relationship with <b>Philidor</b>. Philidor helped Valeant (now <b>Bausch Health</b>(NYSE:<b><u>BHC</u></b>)) inflate its financials before regulators caught on to the accounting irregularities, ultimately charging Valeant a hefty $45 million fine. For the nine months ended September 2021, Grizzly believes Nio “inflated its revenue and net income by ~10% and 95%, respectively.”</p><p>Weineng collects Nio’s monthly subscription revenue for the company’s battery swap system and battery-as-a-service (BaaS) strategy. Nio is the “only major Chinese EV company” to have these features, which differentiates it from competitors. However, Grizzly emphasizes that Weineng is incorrectly recognizing battery revenue. The firm believes that instead of recognizing revenue over the course of a subscription’s duration, Weineng recognizes revenue right away. As a result, Nio recognizes roughly seven years of revenue immediately.</p><p><b>NIO Stock: Grizzly Research Releases Short Report</b></p><p>Weineng recently disclosed that it has 19,000 battery subscriptions. As of Sept. 30, the company held 40,053 batteries in its inventory. Because of this, Grizzly suggests that Nio has “flooded Weineng with up to extra 21,053 batteries (worth ~1,147M RMB) to boost its numbers.”</p><p>The firm also points out conflicts of interest between Weineng and Nio; two of the former’s top executives also act as Nio’s Vice President and Battery Operating Executive Manager. Meanwhile, Nio President William Li has been involved with “past ventures” that have “seen their stocks collapse and been taken private at a fraction of their peak valuations.”</p><p>Grizzly notes that NIO stock investors may be at risk of a margin call as well. In 2019, Li transferred 50 million shares to establish a fund to give shareholders greater governance of the company. However, Li pledged these shares to <b>UBS</b>(NYSE:<b><u>UBS</u></b>) to “secure a personal loan.” NIO stock has declined by more than 50% since that pledge. Accordingly, Grizzly believes shareholders are “unknowingly exposed” to a potential margin call.</p><p>Chinese government entities have redeemed $2 billion from Nio. They may also potentially collect another $6.7 billion. Currently, the company has a cash balance of $8.2 billion. As such, Grizzly believes that shareholders are prone to further stock dilution in the future.</p></body></html>","source":"lsy1606302653667","collect":0,"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>NIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report</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\">\nNIO Stock Falls as Grizzly Research Targets the EV Maker in New Short Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 10:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/nio-stock-falls-as-grizzly-research-targets-the-ev-maker-in-new-short-report/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grizzly Research believes Nio(NIO) is inflating revenue and margins through Wuhan Weineng.Weineng acts as the company's battery asset management provider.Shares of NIO stock are down about 30% year-to...</p>\n\n<a href=\"https://investorplace.com/2022/06/nio-stock-falls-as-grizzly-research-targets-the-ev-maker-in-new-short-report/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"https://investorplace.com/2022/06/nio-stock-falls-as-grizzly-research-targets-the-ev-maker-in-new-short-report/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190650286","content_text":"Grizzly Research believes Nio(NIO) is inflating revenue and margins through Wuhan Weineng.Weineng acts as the company's battery asset management provider.Shares of NIO stock are down about 30% year-to-date (YTD).Nio(NYSE:NIO) stock is in the red today following a short report from Grizzly Research. The firm characterizes Nio as an “audacious scheme” that inflates its revenue and net income margins in order to meet Wall Street’s expectations.Wuhan Weineng acts as Nio’s battery asset management provider. The company was formed in 2020 as a joint venture between Nio and Contemporary Amperex Technology. Since then, Grizzly says Weineng has generated “billions in revenue” for the electric vehicle(EV) company through “accounting games.”The short firm compares Nio’s relationship with Weineng to Valeant Pharmaceuticals’ relationship with Philidor. Philidor helped Valeant (now Bausch Health(NYSE:BHC)) inflate its financials before regulators caught on to the accounting irregularities, ultimately charging Valeant a hefty $45 million fine. For the nine months ended September 2021, Grizzly believes Nio “inflated its revenue and net income by ~10% and 95%, respectively.”Weineng collects Nio’s monthly subscription revenue for the company’s battery swap system and battery-as-a-service (BaaS) strategy. Nio is the “only major Chinese EV company” to have these features, which differentiates it from competitors. However, Grizzly emphasizes that Weineng is incorrectly recognizing battery revenue. The firm believes that instead of recognizing revenue over the course of a subscription’s duration, Weineng recognizes revenue right away. As a result, Nio recognizes roughly seven years of revenue immediately.NIO Stock: Grizzly Research Releases Short ReportWeineng recently disclosed that it has 19,000 battery subscriptions. As of Sept. 30, the company held 40,053 batteries in its inventory. Because of this, Grizzly suggests that Nio has “flooded Weineng with up to extra 21,053 batteries (worth ~1,147M RMB) to boost its numbers.”The firm also points out conflicts of interest between Weineng and Nio; two of the former’s top executives also act as Nio’s Vice President and Battery Operating Executive Manager. Meanwhile, Nio President William Li has been involved with “past ventures” that have “seen their stocks collapse and been taken private at a fraction of their peak valuations.”Grizzly notes that NIO stock investors may be at risk of a margin call as well. In 2019, Li transferred 50 million shares to establish a fund to give shareholders greater governance of the company. However, Li pledged these shares to UBS(NYSE:UBS) to “secure a personal loan.” NIO stock has declined by more than 50% since that pledge. Accordingly, Grizzly believes shareholders are “unknowingly exposed” to a potential margin call.Chinese government entities have redeemed $2 billion from Nio. They may also potentially collect another $6.7 billion. Currently, the company has a cash balance of $8.2 billion. As such, Grizzly believes that shareholders are prone to further stock dilution in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574891504712210","authorId":"3574891504712210","name":"Gerardngo","avatar":"https://static.tigerbbs.com/6c41063ae779ed653ae67917a0bf7568","crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3574891504712210","idStr":"3574891504712210"},"content":"Precisely, they recognise the small revenue upon subscription but had to also recognise the cost of the spare batteries too. They probably didnt look at how they recongise the bottom line","text":"Precisely, they recognise the small revenue upon subscription but had to also recognise the cost of the spare batteries too. They probably didnt look at how they recongise the bottom line","html":"Precisely, they recognise the small revenue upon subscription but had to also recognise the cost of the spare batteries too. They probably didnt look at how they recongise the bottom line"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004261653,"gmtCreate":1642618333621,"gmtModify":1676533727828,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$</a>Luckin to relist ?&nbsp;","listText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$</a>Luckin to relist ?&nbsp;","text":"$Luckin Coffee Inc.(LKNCY)$Luckin to relist ?","images":[{"img":"https://static.itradeup.com/news/04acfa2b88e0dfc9c16e056b854eefdb","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004261653","isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9042567859,"gmtCreate":1656502111671,"gmtModify":1676535841244,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$</a>https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.","text":"$NIO Inc.(NIO)$https://eletric-vehicles.com/nio/jp-morgan-dismantles-short-seller-report-remains-positive-on-nio/U guys have to see JPM response.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042567859","isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365184224432280,"gmtCreate":1730166544976,"gmtModify":1730166548991,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Why would Lu reply for commment when he went on to open cotton coffee ? A direct competition with the exact copy from the play book ?&nbsp;","listText":"Why would Lu reply for commment when he went on to open cotton coffee ? A direct competition with the exact copy from the play book ?&nbsp;","text":"Why would Lu reply for commment when he went on to open cotton coffee ? A direct competition with the exact copy from the play book ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365184224432280","repostId":"2479496216","repostType":2,"repost":{"id":"2479496216","pubTimestamp":1730165085,"share":"https://ttm.financial/m/news/2479496216?lang=&edition=fundamental","pubTime":"2024-10-29 09:24","market":"us","language":"en","title":"China’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal","url":"https://stock-news.laohu8.com/highlight/detail?id=2479496216","media":"Financial Times","summary":"China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud sca","content":"<html><head></head><body><p>China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud scandal that resulted in its Nasdaq delisting and a $180mn fine.</p><p>The Xiamen-based company is laying the groundwork for a US launch as early as next year, building out its supply chain and customising its technology for the market, according to two people with knowledge of the matter.</p><p>The expansion comes nearly five years after it was exposed for inflating revenues after raising $645mn in a US initial public offering in 2019. The fraud led to a wave of investor lawsuits and the company being booted off the main Nasdaq exchange.</p><p>Luckin’s annual revenue of Rmb24.9bn ($3.5bn) exceeded Starbucks’ in China for the first time in 2023, though Starbucks has fewer outlets and its sales per store in China tend to be higher. The company’s revenue rose 35 per cent in the second quarter of this year to Rmb8.4bn, with Rmb871mn in net income.</p><p>In July, Luckin said it opened its 20,000th store in the country, while Starbucks has just over 7,300 locations. The Seattle-based company’s China slowdown is coming as sales are falling in the US, with the number of transactions declining by a tenth in its latest quarter. Brian Niccol, the company’s new chief executive, has said his priority is reviving US growth.</p><p>Luckin will target cities with large numbers of Chinese students and tourists such as New York, the people said. The company has been running advertisements during NBA games to build name recognition ahead of its planned launched, added one of the people.</p><p>Luckin wants to leverage its experience selling affordable coffee in China and undercut US incumbents by selling drinks priced around $2 or $3, the people added.</p><p>Luckin Coffee declined to comment.</p><p>“Luckin Coffee is one of the great turnaround stories in Chinese business history,” said Shaun Rein, founder of China Market Research Group. “Many people thought they were dead, but underlying the fraud was a company with great technology and decent coffee at a competitive price.</p><p>“Over the past three years, Luckin has grabbed massive market share from Starbucks in China,” he added. “Now, it is coming after Starbucks on its home turf.”</p><p>Since the scandal, Luckin has overhauled its top management, kicking out the founder Lu Zhengyao, who Luckin alleges was responsible for the fraud. Lu did not respond to a request for comment.</p><p>Beijing-based private equity group Centurium Capital, an early investor in the company, became its controlling shareholder after acquiring the founder’s stake.</p><p>Luckin has been building out its supply chain as it prepares for the US launch and an expansion in south-east Asia. This year, it opened a $120mn roasting plant with an annual roasting capacity of 30,000 tonnes in Kunshan in the eastern province of Jiangsu.</p><p>Luckin will have to adapt its cashless business model to the US market, said experts. Customers in its China stores have to order through an app, which offers discounts for group purchases and collects a wealth of data on consumer behaviour.</p><p>“The customer service experience here is just so different,” said Sharon Zackfia, a US-based consumer analyst at investment bank William Blair. “Starbucks kind of owns this market.”</p><p>The US coffee market is fiercely competitive. Besides Starbucks’ nearly 17,000 US stores, coffee-and-doughnuts chain Dunkin’ has more than 9,500 locations. New York-listed Dutch Bros has about 900 drive-through coffee outlets after expanding by a fifth in the past year. Meanwhile, coffee is sold everywhere from McDonald’s to convenience stores.</p><p>“Luckin faces a new challenge in the US, which is very saturated. Whereas in China it is opening up new markets with its coffee, bringing new consumers to the drink, in the US, the consumers already know what coffee is and have expectations,” said John Zolidis, founder of investment adviser Quo Vadis Capital.</p></body></html>","source":"yahoofinance","collect":0,"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>China’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal</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\">\nChina’s Luckin Coffee Plans US Launch in Comeback from Fraud Scandal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-29 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-luckin-coffee-plans-us-000002945.html><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-luckin-coffee-plans-us-000002945.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0882574139.USD":"富达环球消费行业基金A ACC","BK4504":"桥水持仓","LKNCY":"瑞幸咖啡","LU0823411888.USD":"法巴消费创新基金 Cap","BK4209":"餐馆","BK4212":"包装食品与肉类","BK4535":"淡马锡持仓","SBUX":"星巴克","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"source_url":"https://finance.yahoo.com/news/china-luckin-coffee-plans-us-000002945.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2479496216","content_text":"China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud scandal that resulted in its Nasdaq delisting and a $180mn fine.The Xiamen-based company is laying the groundwork for a US launch as early as next year, building out its supply chain and customising its technology for the market, according to two people with knowledge of the matter.The expansion comes nearly five years after it was exposed for inflating revenues after raising $645mn in a US initial public offering in 2019. The fraud led to a wave of investor lawsuits and the company being booted off the main Nasdaq exchange.Luckin’s annual revenue of Rmb24.9bn ($3.5bn) exceeded Starbucks’ in China for the first time in 2023, though Starbucks has fewer outlets and its sales per store in China tend to be higher. The company’s revenue rose 35 per cent in the second quarter of this year to Rmb8.4bn, with Rmb871mn in net income.In July, Luckin said it opened its 20,000th store in the country, while Starbucks has just over 7,300 locations. The Seattle-based company’s China slowdown is coming as sales are falling in the US, with the number of transactions declining by a tenth in its latest quarter. Brian Niccol, the company’s new chief executive, has said his priority is reviving US growth.Luckin will target cities with large numbers of Chinese students and tourists such as New York, the people said. The company has been running advertisements during NBA games to build name recognition ahead of its planned launched, added one of the people.Luckin wants to leverage its experience selling affordable coffee in China and undercut US incumbents by selling drinks priced around $2 or $3, the people added.Luckin Coffee declined to comment.“Luckin Coffee is one of the great turnaround stories in Chinese business history,” said Shaun Rein, founder of China Market Research Group. “Many people thought they were dead, but underlying the fraud was a company with great technology and decent coffee at a competitive price.“Over the past three years, Luckin has grabbed massive market share from Starbucks in China,” he added. “Now, it is coming after Starbucks on its home turf.”Since the scandal, Luckin has overhauled its top management, kicking out the founder Lu Zhengyao, who Luckin alleges was responsible for the fraud. Lu did not respond to a request for comment.Beijing-based private equity group Centurium Capital, an early investor in the company, became its controlling shareholder after acquiring the founder’s stake.Luckin has been building out its supply chain as it prepares for the US launch and an expansion in south-east Asia. This year, it opened a $120mn roasting plant with an annual roasting capacity of 30,000 tonnes in Kunshan in the eastern province of Jiangsu.Luckin will have to adapt its cashless business model to the US market, said experts. Customers in its China stores have to order through an app, which offers discounts for group purchases and collects a wealth of data on consumer behaviour.“The customer service experience here is just so different,” said Sharon Zackfia, a US-based consumer analyst at investment bank William Blair. “Starbucks kind of owns this market.”The US coffee market is fiercely competitive. Besides Starbucks’ nearly 17,000 US stores, coffee-and-doughnuts chain Dunkin’ has more than 9,500 locations. New York-listed Dutch Bros has about 900 drive-through coffee outlets after expanding by a fifth in the past year. Meanwhile, coffee is sold everywhere from McDonald’s to convenience stores.“Luckin faces a new challenge in the US, which is very saturated. Whereas in China it is opening up new markets with its coffee, bringing new consumers to the drink, in the US, the consumers already know what coffee is and have expectations,” said John Zolidis, founder of investment adviser Quo Vadis Capital.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358966321270976,"gmtCreate":1728646270969,"gmtModify":1728646274763,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Never hear off? Which mountain u came from ?","listText":"Never hear off? Which mountain u came from ?","text":"Never hear off? Which mountain u came from ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358966321270976","repostId":"2473256973","repostType":2,"repost":{"id":"2473256973","pubTimestamp":1728645228,"share":"https://ttm.financial/m/news/2473256973?lang=&edition=fundamental","pubTime":"2024-10-11 19:13","market":"us","language":"en","title":"An $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2473256973","media":"Fortune","summary":"With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, de","content":"<html><head></head><body><p>With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?</p><p>The overlooked Magnificent Seventh is Broadcom, a tech company that produces both hardware and software. It&#39;s well known in the infotech world but unfamiliar beyond it. The Magnificent Seven, conceived as a group of stocks in early 2023, are the most valuable U.S. tech companies by market capitalization. In  descending order they include Apple (recent market cap: $3.48 trillion), Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla (recent market cap: $763 billion). Yet Broadcom’s market cap slipped past Tesla’s last spring and has stayed ahead of the EV-maker for most of the year. Its market cap is currently around $867 billion on Oct 10.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d039f35bd4b2a443de9b659eebd276c2\" tg-width=\"464\" tg-height=\"235\"/></p><p>Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.</p><p>So how did this quiet giant sneak into the highest reaches of tech royalty? Mostly by a combination of tech savvy and financial acumen. The company is a grandchild of Hewlett-Packard, which in 1999 spun off a company called Agilent Technologies, which in turn spun off a company called Avago to a pair of private equity firms in 2005. Avago began buying up semiconductor firms, in 2015 buying a big one called Broadcom and taking its name.</p><p>Broadcom’s PE ancestry has guided it ever since that spinoff. “Broadcom operates pretty much like a PE firm, where it invests in assets that can deliver quick returns,” says Naveen Chhabra, an analyst at the Forrester research and consulting firm. It’s “astute in terms of investing in firms where it can maintain or grow the revenue” and at the same time “can turn the company into a high margin business.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e351041a9f1ec1a6aebe816a2f76c6a0\" title=\"\" tg-width=\"791\" tg-height=\"503\"/></p><p>Exhibit A is Broadcom’s biggest acquisition, the cloud-computing firm VMware, which it bought last November. A Forrester report for VMware customers warns them, “Don’t let the price jumps shock you…. In most cases, customers will find the renewal quotes multiple times higher than what they paid in the past.” </p><p>Wall Street approves of Broadcom’s changes. “They appear to be killing it on VMware,” says Bernstein analyst Stacy Rasgon, “which markedly exceeded expectations in the quarter and which seems poised to continue growing.”</p><p>Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, demand has been sky high. Broadcom’s sales of AI chips in fiscal 2023 were $4.2 billion, BofA Securities reports. The firm expects AI chip sales will rocket to $12.1 billion this year and $16.9 billion next year.</p><p>Broadcom’s chip expertise along with VMware’s success has propelled Broadcom’s market cap from just above that of McDonald’s when OpenAI released ChatGPT in November 2022, to Magnificent Seven levels today.</p><p>A critical element of Broadcom’s success and its future is CEO Hock Tan, who was recruited to run the company when Avago was spun off in 2005. Now age 72, he was born in Malaysia and earned engineering degrees from MIT plus an MBA from the Harvard Business School. He has spent most of his career in tech companies, though he also held finance jobs at PepsiCo and General Motors—thus the company’s joint expertise in technology and finance. In recent years, Tan has been among the most highly paid U.S. CEOs; he made $162 million last year. Succession is an obvious issue for the company, but no successor is apparent. Tan has said he’ll continue to run the company for at least four more years.</p><p>Wall Street analysts are mostly cheering for Broadcom. “Numbers look likely to keep going up,” says Bernstein’s Rasgon. “And valuation is looking increasingly attractive.” JP Morgan’s Harlan Sur says the stock “remains our top pick in semiconductors.” </p><p>No tree grows to the sky, but for now the sun is shining brightly on this company. Beyond that, the only certainty is that Broadcom can’t be anonymous anymore.</p></body></html>","source":"yahoofinance","collect":0,"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>An $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7</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\">\nAn $867-Billion Company Most People Have Never Heard of Just Knocked Tesla Out of the Magnificent 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/803-billion-company-most-people-080000771.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?The overlooked Magnificent Seventh is Broadcom, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/803-billion-company-most-people-080000771.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4575":"芯片概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","TSLA":"特斯拉","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4527":"明星科技股","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4588":"碎股","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4141":"半导体产品","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","AVGO":"博通","BK4574":"无人驾驶","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","AVGOP":"BROADCOM INC PFD SER A 22","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","BK4592":"伊斯兰概念","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4585":"ETF&股票定投概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC"},"source_url":"https://finance.yahoo.com/news/803-billion-company-most-people-080000771.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2473256973","content_text":"With hardly anyone noticing, a tech titan you’ve probably never heard of has booted Tesla out of the heavily-hyped Magnificent Seven. Can it stay there?The overlooked Magnificent Seventh is Broadcom, a tech company that produces both hardware and software. It's well known in the infotech world but unfamiliar beyond it. The Magnificent Seven, conceived as a group of stocks in early 2023, are the most valuable U.S. tech companies by market capitalization. In  descending order they include Apple (recent market cap: $3.48 trillion), Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla (recent market cap: $763 billion). Yet Broadcom’s market cap slipped past Tesla’s last spring and has stayed ahead of the EV-maker for most of the year. Its market cap is currently around $867 billion on Oct 10.Broadcom is not guaranteed to stay ahead of Tesla, at least in the near term. Tesla’s stock is notoriously volatile, and its market cap could plausibly beat Broadcom’s for a time. But Broadcom’s long-term outlook is by far the sunnier of the two. Wall Street analysts on average expect its stock price to keep climbing, while they expect Tesla’s to continue to fall. Tesla’s stock has retreated to where it was almost four years ago, while Broadcom’s is up 290% since then.So how did this quiet giant sneak into the highest reaches of tech royalty? Mostly by a combination of tech savvy and financial acumen. The company is a grandchild of Hewlett-Packard, which in 1999 spun off a company called Agilent Technologies, which in turn spun off a company called Avago to a pair of private equity firms in 2005. Avago began buying up semiconductor firms, in 2015 buying a big one called Broadcom and taking its name.Broadcom’s PE ancestry has guided it ever since that spinoff. “Broadcom operates pretty much like a PE firm, where it invests in assets that can deliver quick returns,” says Naveen Chhabra, an analyst at the Forrester research and consulting firm. It’s “astute in terms of investing in firms where it can maintain or grow the revenue” and at the same time “can turn the company into a high margin business.”Exhibit A is Broadcom’s biggest acquisition, the cloud-computing firm VMware, which it bought last November. A Forrester report for VMware customers warns them, “Don’t let the price jumps shock you…. In most cases, customers will find the renewal quotes multiple times higher than what they paid in the past.” Wall Street approves of Broadcom’s changes. “They appear to be killing it on VMware,” says Bernstein analyst Stacy Rasgon, “which markedly exceeded expectations in the quarter and which seems poised to continue growing.”Shrewd acquisitions and management are central to Broadcom’s growth but don’t fully explain the company’s phenomenally swelling market cap. The other crucial factor is, not surprisingly, the AI frenzy. One of Broadcom’s most important businesses is designing semiconductors—computer chips—and in the past year, demand has been sky high. Broadcom’s sales of AI chips in fiscal 2023 were $4.2 billion, BofA Securities reports. The firm expects AI chip sales will rocket to $12.1 billion this year and $16.9 billion next year.Broadcom’s chip expertise along with VMware’s success has propelled Broadcom’s market cap from just above that of McDonald’s when OpenAI released ChatGPT in November 2022, to Magnificent Seven levels today.A critical element of Broadcom’s success and its future is CEO Hock Tan, who was recruited to run the company when Avago was spun off in 2005. Now age 72, he was born in Malaysia and earned engineering degrees from MIT plus an MBA from the Harvard Business School. He has spent most of his career in tech companies, though he also held finance jobs at PepsiCo and General Motors—thus the company’s joint expertise in technology and finance. In recent years, Tan has been among the most highly paid U.S. CEOs; he made $162 million last year. Succession is an obvious issue for the company, but no successor is apparent. Tan has said he’ll continue to run the company for at least four more years.Wall Street analysts are mostly cheering for Broadcom. “Numbers look likely to keep going up,” says Bernstein’s Rasgon. “And valuation is looking increasingly attractive.” JP Morgan’s Harlan Sur says the stock “remains our top pick in semiconductors.” No tree grows to the sky, but for now the sun is shining brightly on this company. Beyond that, the only certainty is that Broadcom can’t be anonymous anymore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584079457608282","authorId":"3584079457608282","name":"FGP","avatar":"https://community-static.tradeup.com/news/4f96275867e9fcc09f90747c0edcd143","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3584079457608282","idStr":"3584079457608282"},"content":"Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writer","text":"Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writer","html":"Writers are juz writers…they sit back and read read write write but not into techs. Unless its a techkie writer"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253089001943232,"gmtCreate":1702800188967,"gmtModify":1702804322761,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?&nbsp;","listText":"Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?&nbsp;","text":"Seeking alpha rating it a buy. For once something good from seeking alpha. They done shorting ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253089001943232","repostId":"2392514673","repostType":2,"repost":{"id":"2392514673","pubTimestamp":1702782000,"share":"https://ttm.financial/m/news/2392514673?lang=&edition=fundamental","pubTime":"2023-12-17 11:00","market":"us","language":"en","title":"NIO: FQ4'23 May Be A Smashing Success","url":"https://stock-news.laohu8.com/highlight/detail?id=2392514673","media":"Seeking Alpha","summary":"NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn","content":"<html><head></head><body><ul style=\"\"><li><p>NIO has smashed expectations in the FQ3&#39;23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.</p></li><li><p>These efforts are likely to moderate its cash burn rate ahead while preserving its balance sheet, without having to overly increase its reliance on debt.</p></li><li><p>The NIO management has also offered a highly optimistic FQ4&#39;23 guidance, with a further improvement in its ASPs nearer to the hyper-pandemic levels.</p></li><li><p>This is on top of the enhanced monetization strategies through the release of mass market models from 2024 onwards and the launch of its battery swapping services for a fee.</p></li><li><p>Combined with the potential spin off of its battery segment, we may see NIO&#39;s prospects further lift from these bottom levels, offering opportunistic investors with a great upside potential.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58e38071df772253b22442d919c2c420\" alt=\"Julia_Sudnitskaya/iStock via Getty Images\" title=\"Julia_Sudnitskaya/iStock via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>Julia_Sudnitskaya/iStock via Getty Images</span></p><p>We previously covered NIO Inc. (NYSE:NYSE:NIO) in September 2023, discussing its mixed FQ2&#39;23 earnings call, attributed to the underwhelming top/ bottom lines and the likelihood of it missing the previous FY2023 delivery guidance.</p><p>We had opted to rate the stock as a Hold then, since it was uncertain if the automaker&#39;s margins might improve moving forward, due to the intensified sales hiring, R&amp;D, and capex for the mass market models.</p><p>This is on top of the stock consistently charting lower lows and lower highs, with it remaining to be seen when a floor might materialize.</p><p>In this article, we shall discuss why we are finally rerating the NIO stock as a Buy here, thanks to its increasing ASPs, growing sales, improving automotive gross profit margins, and enhanced monetization strategies, with these efforts likely to moderate its cash burn rate ahead while preserving its balance sheet.</p><p>Combined with the pulled forward mass market model launches, it appears that the worst is already here, with its prospects likely to lift from FQ4&#39;23 onwards.</p><h2 id=\"id_1928539335\">The NIO Investment Thesis Is Very Tempting Here Indeed</h2><p>For now, NIO has reported a more than decent FQ3&#39;23 earnings call, with automotive revenues of 17.4B Yuan (+142.3% QoQ/ +45.9% YoY) and a recovering Average Selling Price of 314.05K Yuan per unit (+2.8% QoQ/ -16.8% YoY).</p><p>The latter sum is derived from the automotive revenues and growing deliveries of 55.43K units (+135.6% QoQ/ +75.4% YoY) by September 30, 2023.</p><p>The ASPs are improved than the impacted ASPs of 297.18K Yuan per unit recorded in FQ1&#39;23 (-19.3% QoQ/ -17.1% YoY) indeed, implying reduced promotional activities and growing consumer demand for its offerings.</p><p>This development has directly contributed to NIO&#39;s recovering automotive gross margins of 11% (+4.8 points QoQ/ -5.4 YoY) by the latest quarter, though still a great distance away from its FQ4&#39;21 peak automotive gross margins of 20.9%, thanks to the ongoing price war lead by Tesla (TSLA) in China.</p><p>Furthermore, we may see this profitable trend continue in FQ4&#39;23, with the projected ASPs of 341.45K Yuan per unit (+8.7% QoQ/ -7.3% YoY), based on the management&#39;s revenue guidance of 16.39B Yuan and delivery guidance of 48K units at the midpoint.</p><p>Part of the margin improvement tailwind is likely attributed to the automaker&#39;s full transition to the NT2.0 platform by FQ3&#39;23, with the improved cost efficiencies already allowing the management to guide 15% (+4 points QoQ/ +8.2 YoY) in automotive gross margin by FQ4&#39;23.</p><p>Demand for NIO&#39;s EV offerings appear to be excellent as well, attributed to the somewhat stable inventory levels of $967.44M (-17.3% QoQ/ +3.1% YoY) by the latest quarter.</p><p>October 2023 has also brought forth excellent delivery numbers at 16.07K units (+2.7% MoM/ +59.8 YoY) and November 2023 at 15.95K units (-0.7% QoQ/ +12.6% YoY).</p><p>While the YTD sum of 142.02K units (+33.1% YoY) and updated FY2023 delivery guidance of 158K units (+29% YoY) falls behind the management&#39;s previous guidance of 250K units (+104.1% YoY), we already applaud the moderate improvements observed in its automotive gross margins.</p><p>This trend may be further aided by the launch of NIO&#39;s affordable EV line up in the EU, namely Alps from Q3&#39;24 and Firefly from 2025 onwards, likely to improve its mass appeal and adoption, boosting its top-line performance in the intermediate term.</p><p>For context, the automaker currently prices its flagship models at between €50K to €91K in the EU, in order to compete with many other legacy premium automakers, such as BMW (OTCPK:BMWYY) and Mercedes-Benz (OTCPK:MBGAF).</p><p>While the NIO management has yet to reveal the listed prices, the sub brands are rumored to bring down the Average Selling Price range to between €12.95K and €25.90K for the base-range Firefly EV models (based on the FX rate at the time of writing).</p><p>This is nearer to Toyota&#39;s (TM) Lexus price range, implying a drastic -72.4% discount at the midpoint.</p><p>In the mean time, NIO&#39;s Alps is rumored to offer mid-range EV models, at an estimated price range of between €25.90K to €38.84K, suggesting an attractive -54% discount from its premium range at the midpoint.</p><p>With Alps already being tested on the roads in China, it appears that the rumors may be right after all, triggering the automaker&#39;s intermediate term tailwinds.</p><p><strong>The Consensus Forward Estimates</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fc438e6394c5dd6308dac9b70749ee9\" alt=\"Tikr Terminal\" title=\"Tikr Terminal\" tg-width=\"640\" tg-height=\"224\"/><span>Tikr Terminal</span></p><p>Perhaps this is why NIO is still expected to generate a robust top-line growth at a CAGR of +32.6% through FY2025, building upon its historical growth at a CAGR of +77.6% between FY2018 and FY2022.</p><p>While the automaker is not expected to break even over the next few years, we are not overly concerned since its balance sheet remains robust, with a cash/ short-term investments of $5.33B by the latest quarter (+39.1% QoQ/ -15.2% YoY).</p><p>Assuming that NIO is able to continue growing its gross profit margins ahead, we believe that its quarterly cash burn rate of approximately -$600M may decline from henceforth, allowing it to moderately grow its operations ahead.</p><p>If anything, the management is also exploring multiple paths to improve its margins and liquidity ahead.</p><p>Firstly, NIO has acquired certain equipment and assets for 3.16B Yuan from its current manufacturing partner, JAC, on December 5, 2023, with the exercise expected to improve its quality control while bringing its overall manufacturing costs down by approximately -10% in the long run.</p><p>Secondly, the management has announced its partnership with Changan Automobile and Geely Holdings Group (OTCPK:GELYF), allowing the two Chinese automakers to utilize NIO&#39;s battery swap network for a fee, with several others already in negotiation.</p><p>This strategy is somewhat similar to TSLA&#39;s opening up of the Supercharger network in the US, allowing the company to enhance its monetization rate through &#34;access fees &amp; revenues from other OEMs.&#34;</p><p>Lastly, there are already market rumors of NIO potentially spinning off the battery production unit/ swapping technology as a separate unit, with the exercise likely to bring forth additional liquidity for the parent company.</p><p>As a result, we are cautiously optimistic about the automaker&#39;s intermediate term prospects, with liquidity unlikely to be a major concern.</p><h2 id=\"id_2984907615\">So, Is NIO Stock A Buy, Sell, or Hold?</h2><p><strong>NIO Valuations</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fbda242669e7c7bdf208fe8020c80c9\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"101\"/><span>Seeking Alpha</span></p><p>For now, since NIO remains unprofitable, the only metric that we may use to measure its valuations is the FWD EV/ Sales of 1.74x.</p><p>This number appears to be somewhat reasonable, after the much needed correction from the pre-pandemic mean of 3.16x and the hyper-pandemic peak of 23.14x, nearer to the sector median of 1.27x.</p><p>This is especially since NIO is expected to generate an impressive top-line growth moving forward, well-exceeding TSLA&#39;s projected growth at a CAGR of +21.5% with a FWD EV/ Sales of 8.04x, and nearer to XPeng&#39;s (XPEV) rate of +41.7% over the same time period with a FWD EV/ Sales of 2.93x.</p><p><strong>NIO 1Y Stock Price</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad7c5b5af3a711b553bbf17131d0c9b0\" alt=\"Trading View\" title=\"Trading View\" tg-width=\"640\" tg-height=\"359\"/><span>Trading View</span></p><p>The NIO stock is also trading below its previous resistance levels of $8s, with it appearing to be well supported at $7s. As a result of its attractive valuation and potential reversal in FQ4&#39;23, we are cautiously rerating the stock as a Buy here.</p><p>However, investors must also size their portfolios according to their risk appetite, since the stock records an elevated short interest of 10.69% at the time of writing, with the future upside potential likely to be negated by aggressive short sellers.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO: FQ4'23 May Be A Smashing Success</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; 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}\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\">\nNIO: FQ4'23 May Be A Smashing Success\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-17 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4658217-nio-fq423-may-be-a-smashing-success><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn...</p>\n\n<a href=\"https://seekingalpha.com/article/4658217-nio-fq423-may-be-a-smashing-success\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4509":"腾讯概念","NIO.SI":"蔚来","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4550":"红杉资本持仓","LU2063271972.USD":"富兰克林创新领域基金","BK4551":"寇图资本持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4511":"特斯拉概念","BK4099":"汽车制造商","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4548":"巴美列捷福持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","NIO":"蔚来","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4532":"文艺复兴科技持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4531":"中概回港概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","09866":"蔚来-SW","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4555":"新能源车"},"source_url":"https://seekingalpha.com/article/4658217-nio-fq423-may-be-a-smashing-success","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2392514673","content_text":"NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn rate ahead while preserving its balance sheet, without having to overly increase its reliance on debt.The NIO management has also offered a highly optimistic FQ4'23 guidance, with a further improvement in its ASPs nearer to the hyper-pandemic levels.This is on top of the enhanced monetization strategies through the release of mass market models from 2024 onwards and the launch of its battery swapping services for a fee.Combined with the potential spin off of its battery segment, we may see NIO's prospects further lift from these bottom levels, offering opportunistic investors with a great upside potential.Julia_Sudnitskaya/iStock via Getty ImagesWe previously covered NIO Inc. (NYSE:NYSE:NIO) in September 2023, discussing its mixed FQ2'23 earnings call, attributed to the underwhelming top/ bottom lines and the likelihood of it missing the previous FY2023 delivery guidance.We had opted to rate the stock as a Hold then, since it was uncertain if the automaker's margins might improve moving forward, due to the intensified sales hiring, R&D, and capex for the mass market models.This is on top of the stock consistently charting lower lows and lower highs, with it remaining to be seen when a floor might materialize.In this article, we shall discuss why we are finally rerating the NIO stock as a Buy here, thanks to its increasing ASPs, growing sales, improving automotive gross profit margins, and enhanced monetization strategies, with these efforts likely to moderate its cash burn rate ahead while preserving its balance sheet.Combined with the pulled forward mass market model launches, it appears that the worst is already here, with its prospects likely to lift from FQ4'23 onwards.The NIO Investment Thesis Is Very Tempting Here IndeedFor now, NIO has reported a more than decent FQ3'23 earnings call, with automotive revenues of 17.4B Yuan (+142.3% QoQ/ +45.9% YoY) and a recovering Average Selling Price of 314.05K Yuan per unit (+2.8% QoQ/ -16.8% YoY).The latter sum is derived from the automotive revenues and growing deliveries of 55.43K units (+135.6% QoQ/ +75.4% YoY) by September 30, 2023.The ASPs are improved than the impacted ASPs of 297.18K Yuan per unit recorded in FQ1'23 (-19.3% QoQ/ -17.1% YoY) indeed, implying reduced promotional activities and growing consumer demand for its offerings.This development has directly contributed to NIO's recovering automotive gross margins of 11% (+4.8 points QoQ/ -5.4 YoY) by the latest quarter, though still a great distance away from its FQ4'21 peak automotive gross margins of 20.9%, thanks to the ongoing price war lead by Tesla (TSLA) in China.Furthermore, we may see this profitable trend continue in FQ4'23, with the projected ASPs of 341.45K Yuan per unit (+8.7% QoQ/ -7.3% YoY), based on the management's revenue guidance of 16.39B Yuan and delivery guidance of 48K units at the midpoint.Part of the margin improvement tailwind is likely attributed to the automaker's full transition to the NT2.0 platform by FQ3'23, with the improved cost efficiencies already allowing the management to guide 15% (+4 points QoQ/ +8.2 YoY) in automotive gross margin by FQ4'23.Demand for NIO's EV offerings appear to be excellent as well, attributed to the somewhat stable inventory levels of $967.44M (-17.3% QoQ/ +3.1% YoY) by the latest quarter.October 2023 has also brought forth excellent delivery numbers at 16.07K units (+2.7% MoM/ +59.8 YoY) and November 2023 at 15.95K units (-0.7% QoQ/ +12.6% YoY).While the YTD sum of 142.02K units (+33.1% YoY) and updated FY2023 delivery guidance of 158K units (+29% YoY) falls behind the management's previous guidance of 250K units (+104.1% YoY), we already applaud the moderate improvements observed in its automotive gross margins.This trend may be further aided by the launch of NIO's affordable EV line up in the EU, namely Alps from Q3'24 and Firefly from 2025 onwards, likely to improve its mass appeal and adoption, boosting its top-line performance in the intermediate term.For context, the automaker currently prices its flagship models at between €50K to €91K in the EU, in order to compete with many other legacy premium automakers, such as BMW (OTCPK:BMWYY) and Mercedes-Benz (OTCPK:MBGAF).While the NIO management has yet to reveal the listed prices, the sub brands are rumored to bring down the Average Selling Price range to between €12.95K and €25.90K for the base-range Firefly EV models (based on the FX rate at the time of writing).This is nearer to Toyota's (TM) Lexus price range, implying a drastic -72.4% discount at the midpoint.In the mean time, NIO's Alps is rumored to offer mid-range EV models, at an estimated price range of between €25.90K to €38.84K, suggesting an attractive -54% discount from its premium range at the midpoint.With Alps already being tested on the roads in China, it appears that the rumors may be right after all, triggering the automaker's intermediate term tailwinds.The Consensus Forward EstimatesTikr TerminalPerhaps this is why NIO is still expected to generate a robust top-line growth at a CAGR of +32.6% through FY2025, building upon its historical growth at a CAGR of +77.6% between FY2018 and FY2022.While the automaker is not expected to break even over the next few years, we are not overly concerned since its balance sheet remains robust, with a cash/ short-term investments of $5.33B by the latest quarter (+39.1% QoQ/ -15.2% YoY).Assuming that NIO is able to continue growing its gross profit margins ahead, we believe that its quarterly cash burn rate of approximately -$600M may decline from henceforth, allowing it to moderately grow its operations ahead.If anything, the management is also exploring multiple paths to improve its margins and liquidity ahead.Firstly, NIO has acquired certain equipment and assets for 3.16B Yuan from its current manufacturing partner, JAC, on December 5, 2023, with the exercise expected to improve its quality control while bringing its overall manufacturing costs down by approximately -10% in the long run.Secondly, the management has announced its partnership with Changan Automobile and Geely Holdings Group (OTCPK:GELYF), allowing the two Chinese automakers to utilize NIO's battery swap network for a fee, with several others already in negotiation.This strategy is somewhat similar to TSLA's opening up of the Supercharger network in the US, allowing the company to enhance its monetization rate through \"access fees & revenues from other OEMs.\"Lastly, there are already market rumors of NIO potentially spinning off the battery production unit/ swapping technology as a separate unit, with the exercise likely to bring forth additional liquidity for the parent company.As a result, we are cautiously optimistic about the automaker's intermediate term prospects, with liquidity unlikely to be a major concern.So, Is NIO Stock A Buy, Sell, or Hold?NIO ValuationsSeeking AlphaFor now, since NIO remains unprofitable, the only metric that we may use to measure its valuations is the FWD EV/ Sales of 1.74x.This number appears to be somewhat reasonable, after the much needed correction from the pre-pandemic mean of 3.16x and the hyper-pandemic peak of 23.14x, nearer to the sector median of 1.27x.This is especially since NIO is expected to generate an impressive top-line growth moving forward, well-exceeding TSLA's projected growth at a CAGR of +21.5% with a FWD EV/ Sales of 8.04x, and nearer to XPeng's (XPEV) rate of +41.7% over the same time period with a FWD EV/ Sales of 2.93x.NIO 1Y Stock PriceTrading ViewThe NIO stock is also trading below its previous resistance levels of $8s, with it appearing to be well supported at $7s. As a result of its attractive valuation and potential reversal in FQ4'23, we are cautiously rerating the stock as a Buy here.However, investors must also size their portfolios according to their risk appetite, since the stock records an elevated short interest of 10.69% at the time of writing, with the future upside potential likely to be negated by aggressive short sellers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943948591,"gmtCreate":1679067104113,"gmtModify":1679068680390,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$&nbsp;</a> Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/","listText":"<a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$&nbsp;</a> Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/","text":"$Luckin Coffee Inc.(LKNCY)$ Woo Hoo Luckin is gonna open stores in Singapore 🇸🇬 https://mothership.sg/2023/03/luckin-coffee-singapore/","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943948591","isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960229181,"gmtCreate":1668178904643,"gmtModify":1676538025195,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....","listText":"Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....","text":"Ahhhhh seeking alpha ..... they have always been anti nio. What's so surprising ....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960229181","repostId":"1149378268","repostType":2,"repost":{"id":"1149378268","pubTimestamp":1668180804,"share":"https://ttm.financial/m/news/1149378268?lang=&edition=fundamental","pubTime":"2022-11-11 23:33","market":"hk","language":"en","title":"NIO Q3: Get Comfortable With Single-Digit Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1149378268","media":"Seeking Alpha","summary":"SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to E","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.</li><li>In the long term, NIO could be a beneficiary of China’s secular shift to EV, its capacity ramp-up, and its strong branding relative to its domestic peers.</li><li>Unfortunately, in the near term, say the next ~2 years, I see too many headwinds to keep its prices in the single-digit range.</li><li>These headwinds include political uncertainty, margin pressure, COVID restrictions, intensifying competition, and uncertain EV subsidies.</li></ul><p><b>Q3 recap and thesis</b></p><p>I&#39;ve been writing a series of articles on NIO (NYSE:NIO) since May 2022 to caution readers of the many headwinds it&#39;s facing. Undoubtedly, I see all the good things that the bulls like about this stock. However, I see even stronger headwinds. For example, in an article published in August 2022, entitled &#34;<i>A Simple Reality Check</i>&#34;, I cautioned readers about its lack of profit and its unsustainable valuation. The stock was still trading at about $21 per share at that time.</p><p>Fast forward to now, NIO just released its Q3 earnings report (&#34;ER&#34;). Its Q3 Non-GAAP EPS (i.e., earnings per ADS) came in at -$0.30 and missed consensus estimates by $0.14. Vehicle margin was compressed by another 160 basis points to 16.4% compared with 18.0% a year ago. Its stock prices plunged 12.4% after its Q3 ER into the single-digit range ($9.25 as of this writing, before the market open on Nov 10, 2022).</p><p>Now looking ahead, I maintain my bear thesis. And more specifically, in this article, I will argue that NIO&#39;s stock prices would remain in the single digits in the near term (say the next 1~2 year or so). I acknowledge its long-term headwinds, including China&#39;s secular shift towards EVs, its leading branding power, and its aggressive vehicle delivery plans. But I see the negative catalysts to have the upper hand in the near term due to a multitude of strong headwinds, as detailed next.</p><p><b>Strong delivery and top line growth</b></p><p>To have a full view, let&#39;s first review the positives before we dive into the headwinds. NIO enjoys leading production and delivery scales among China&#39;s domestic EV players. It has demonstrated a robust ramp-up of production and delivery capacity in the past consistently as you can see from the following chart. specifically, in its September delivery report, it provided the following update for its 2022 Q3 deliveries, boasting another quarter of quarterly deliveries and a nearly 30% YoY growth rate.</p><blockquote><ul><li>NIO delivered 10,878 vehicles in September 2022</li><li>NIO delivered 31,607 vehicles in the three months ended September 2022, increasing by 29.3% year-over-year and achieving record-high quarterly deliveries</li><li>Cumulative deliveries of NIO vehicles reached 249,504 as of September 30, 2022</li></ul></blockquote><p>In its Q3 ER, it reported a total vehicle delivery exceeding 10k during the October month, translating into a 174.3% YOY (but a slight 7.5% decline MOM). And for its Q4 outlook, it aims at a delivery target in the range of 43k to 48k vehicles, translating into a growth rate of 71.8% to 91.7% YoY. Total revenues are projected to grow in tandem 75.4% to 94.2% YOY.</p><p><img src=\"https://static.tigerbbs.com/08ec5bbea7e73b8f01cba016203fbf78\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>Source: InsideEVs (NIO)</p><p>At the same time, its scale helps it to maintain healthy operation efficiency as you can see from the following comparison of its asset utilization (&#34;AU&#34;) against its domestic peer XPeng (XPEV) and U.S. peer Ford (F). NIO&#39;s AU current stands at 0.50x, slightly below its long-term average of 0.517x largely due to the lockdowns in China due to recent COVID case resurgences. Despite the recent decline in its AU, it is still above XPEV&#39;s 0.47x and comparable to F&#39;s long-term average levels.</p><p><img src=\"https://static.tigerbbs.com/97fee074dcebb0f9b0b198d3ec8f6b49\" tg-width=\"640\" tg-height=\"412\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Margin pressure and lack of profit</b></p><p>However, the business has been suffering margin pressure on the bottom line and is yet to earn a positive profit. As seen, its gross profit margin (&#34;GPM&#34;) peaked around 18% during 2H of 2021, surpassing Ford. But recently, the GPM has been under pressure and contracted to the current level of 13% by about 500 basis points. Now its GPM is lower than F&#39;s 17.4% by a good gap (although still better than XPEV&#39;s 10.8%). In terms of profit margin, as shown in the bottom panel, the picture is even more concerning. Its net profit margin has always been in the negatives and is -26.7% currently.</p><p><img src=\"https://static.tigerbbs.com/8e1df97debcf4e604bd61440b04debc6\" tg-width=\"640\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p>The picture does not improve as we broaden the view to include other metrics as seen in the chart below. Its metrics are negative across the board ranging from EBIT margin, EBITDA margin, and FCF margin.</p><p>Looking forward, I see a few key headwinds to keep its profits in the negative besides the macroeconomic factors. First, I expect the capital requirements to continue as it pursues the expansion of charging infrastructures. And note that its cash from operations sat at only $309M, far from being able to meet such requirements. To satisfy customers&#39; needs, management will need to keep spending on both battery swap stations and also charging stations. Secondly, I expect some of its manufacturing problems and also the global supply chain disruptions to persist. For example, it reported early about an issue involving the low yield rate of its mega-casting parts with its suppliers. This seemingly arcane issue actually can bottleneck its production ramp-up and efficiency, and it will take NIO time to solve its or find alternative suppliers amid supply chain disruptions.</p><p>Next, we will see that despite the lack of profit, the stock is still valued at an elevated level despite the large price corrections.</p><p><img src=\"https://static.tigerbbs.com/f688292596be907354e6847dbf3838b9\" tg-width=\"640\" tg-height=\"290\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Valuation still too expensive</b></p><p>In terms of valuation, NIO is still trading at a large premium both in absolute and relative terms. Its lack of profit makes bottom-line oriented metric meaningless as seen in the chart below. Even FY3 PE stands at 163x, compare to about 6~7x for F. Furthermore, because of the many headwinds as analyzed above and its mixed Q3 results, its earnings outlook is both bleak and highly uncertain as reflected in the consensus estimates in the second chart below. NIO&#39;s earnings revisions for the last 3 months paint a highly pessimistic and uncertain picture. A total of 11 analysts submitted EPS forecasts, and a total of 9 analysts revised the EPS downward by as much as 70% to 95% in 2024.</p><p>Using top-line valuation metrics, its P/Sales ratio is still at 2.5x despite the price corrections, on par with the S&amp;P 500 index, about 2x higher than XPEV&#39;s 1.3x, and 7.1x higher than F&#39;s 0.35x. I found such a valuation unjustifiable given its lack of profit and the many headwinds it is facing. And again, its topline growth is highly uncertain too as reflected in the consensus estimates. A total of 21 analysts submitted revenue forecasts, and a total of 17 analysts revised the revenues downward.</p><p><img src=\"https://static.tigerbbs.com/5627051b392e84ff2ec468d7a59b0352\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/47d4424a62235a5a7974b517fb8f2363\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Other risks and final thoughts</b></p><p>To conclude, in the long term, NIO could benefit from the secular shift in China towards EVs, its capacity ramp-up, and its strong branding relative to its domestic peers.</p><p>However, I see too many strong forces in the near term to pressure the stock prices into the single-digit range. The stock has yet to report a positive earnings. So far, it has been trapped in the dreaded vicious cycle: the more vehicles it sells, the more money it loses.</p><p>The combination of elevated valuation and lack of net profit would also keep a lid on the stock prices. NIO had to temporarily suspend production at two of its plants in Hefei during Q3. And such suspensions are likely to recur in the near future. And finally, the stock may face the risk of securing new financing as its high CAPEX requirements persist while its organic earnings remain low or negative.</p></body></html>","collect":0,"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>NIO Q3: Get Comfortable With Single-Digit Prices</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\">\nNIO Q3: Get Comfortable With Single-Digit Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-11 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149378268","content_text":"SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to EV, its capacity ramp-up, and its strong branding relative to its domestic peers.Unfortunately, in the near term, say the next ~2 years, I see too many headwinds to keep its prices in the single-digit range.These headwinds include political uncertainty, margin pressure, COVID restrictions, intensifying competition, and uncertain EV subsidies.Q3 recap and thesisI've been writing a series of articles on NIO (NYSE:NIO) since May 2022 to caution readers of the many headwinds it's facing. Undoubtedly, I see all the good things that the bulls like about this stock. However, I see even stronger headwinds. For example, in an article published in August 2022, entitled \"A Simple Reality Check\", I cautioned readers about its lack of profit and its unsustainable valuation. The stock was still trading at about $21 per share at that time.Fast forward to now, NIO just released its Q3 earnings report (\"ER\"). Its Q3 Non-GAAP EPS (i.e., earnings per ADS) came in at -$0.30 and missed consensus estimates by $0.14. Vehicle margin was compressed by another 160 basis points to 16.4% compared with 18.0% a year ago. Its stock prices plunged 12.4% after its Q3 ER into the single-digit range ($9.25 as of this writing, before the market open on Nov 10, 2022).Now looking ahead, I maintain my bear thesis. And more specifically, in this article, I will argue that NIO's stock prices would remain in the single digits in the near term (say the next 1~2 year or so). I acknowledge its long-term headwinds, including China's secular shift towards EVs, its leading branding power, and its aggressive vehicle delivery plans. But I see the negative catalysts to have the upper hand in the near term due to a multitude of strong headwinds, as detailed next.Strong delivery and top line growthTo have a full view, let's first review the positives before we dive into the headwinds. NIO enjoys leading production and delivery scales among China's domestic EV players. It has demonstrated a robust ramp-up of production and delivery capacity in the past consistently as you can see from the following chart. specifically, in its September delivery report, it provided the following update for its 2022 Q3 deliveries, boasting another quarter of quarterly deliveries and a nearly 30% YoY growth rate.NIO delivered 10,878 vehicles in September 2022NIO delivered 31,607 vehicles in the three months ended September 2022, increasing by 29.3% year-over-year and achieving record-high quarterly deliveriesCumulative deliveries of NIO vehicles reached 249,504 as of September 30, 2022In its Q3 ER, it reported a total vehicle delivery exceeding 10k during the October month, translating into a 174.3% YOY (but a slight 7.5% decline MOM). And for its Q4 outlook, it aims at a delivery target in the range of 43k to 48k vehicles, translating into a growth rate of 71.8% to 91.7% YoY. Total revenues are projected to grow in tandem 75.4% to 94.2% YOY.Source: InsideEVs (NIO)At the same time, its scale helps it to maintain healthy operation efficiency as you can see from the following comparison of its asset utilization (\"AU\") against its domestic peer XPeng (XPEV) and U.S. peer Ford (F). NIO's AU current stands at 0.50x, slightly below its long-term average of 0.517x largely due to the lockdowns in China due to recent COVID case resurgences. Despite the recent decline in its AU, it is still above XPEV's 0.47x and comparable to F's long-term average levels.Source: Seeking Alpha dataMargin pressure and lack of profitHowever, the business has been suffering margin pressure on the bottom line and is yet to earn a positive profit. As seen, its gross profit margin (\"GPM\") peaked around 18% during 2H of 2021, surpassing Ford. But recently, the GPM has been under pressure and contracted to the current level of 13% by about 500 basis points. Now its GPM is lower than F's 17.4% by a good gap (although still better than XPEV's 10.8%). In terms of profit margin, as shown in the bottom panel, the picture is even more concerning. Its net profit margin has always been in the negatives and is -26.7% currently.Source: Seeking Alpha dataThe picture does not improve as we broaden the view to include other metrics as seen in the chart below. Its metrics are negative across the board ranging from EBIT margin, EBITDA margin, and FCF margin.Looking forward, I see a few key headwinds to keep its profits in the negative besides the macroeconomic factors. First, I expect the capital requirements to continue as it pursues the expansion of charging infrastructures. And note that its cash from operations sat at only $309M, far from being able to meet such requirements. To satisfy customers' needs, management will need to keep spending on both battery swap stations and also charging stations. Secondly, I expect some of its manufacturing problems and also the global supply chain disruptions to persist. For example, it reported early about an issue involving the low yield rate of its mega-casting parts with its suppliers. This seemingly arcane issue actually can bottleneck its production ramp-up and efficiency, and it will take NIO time to solve its or find alternative suppliers amid supply chain disruptions.Next, we will see that despite the lack of profit, the stock is still valued at an elevated level despite the large price corrections.Source: Seeking Alpha dataValuation still too expensiveIn terms of valuation, NIO is still trading at a large premium both in absolute and relative terms. Its lack of profit makes bottom-line oriented metric meaningless as seen in the chart below. Even FY3 PE stands at 163x, compare to about 6~7x for F. Furthermore, because of the many headwinds as analyzed above and its mixed Q3 results, its earnings outlook is both bleak and highly uncertain as reflected in the consensus estimates in the second chart below. NIO's earnings revisions for the last 3 months paint a highly pessimistic and uncertain picture. A total of 11 analysts submitted EPS forecasts, and a total of 9 analysts revised the EPS downward by as much as 70% to 95% in 2024.Using top-line valuation metrics, its P/Sales ratio is still at 2.5x despite the price corrections, on par with the S&P 500 index, about 2x higher than XPEV's 1.3x, and 7.1x higher than F's 0.35x. I found such a valuation unjustifiable given its lack of profit and the many headwinds it is facing. And again, its topline growth is highly uncertain too as reflected in the consensus estimates. A total of 21 analysts submitted revenue forecasts, and a total of 17 analysts revised the revenues downward.Source: Seeking Alpha dataSource: Seeking Alpha dataOther risks and final thoughtsTo conclude, in the long term, NIO could benefit from the secular shift in China towards EVs, its capacity ramp-up, and its strong branding relative to its domestic peers.However, I see too many strong forces in the near term to pressure the stock prices into the single-digit range. The stock has yet to report a positive earnings. So far, it has been trapped in the dreaded vicious cycle: the more vehicles it sells, the more money it loses.The combination of elevated valuation and lack of net profit would also keep a lid on the stock prices. NIO had to temporarily suspend production at two of its plants in Hefei during Q3. And such suspensions are likely to recur in the near future. And finally, the stock may face the risk of securing new financing as its high CAPEX requirements persist while its organic earnings remain low or negative.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190092562473184,"gmtCreate":1687434988661,"gmtModify":1687434992054,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......","listText":"When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......","text":"When u see a post slaming NIO. 95% it's from seeking alpha .... wasn't disappointed when I click on the headline ......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190092562473184","repostId":"2345738161","repostType":2,"repost":{"id":"2345738161","pubTimestamp":1687432620,"share":"https://ttm.financial/m/news/2345738161?lang=&edition=fundamental","pubTime":"2023-06-22 19:17","market":"us","language":"en","title":"NIO: Sell This Dead Cat Bounce","url":"https://stock-news.laohu8.com/highlight/detail?id=2345738161","media":"Seekingalpha","summary":"Investment thesisNIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The","content":"<html><head></head><body><h2>Investment thesis</h2><p>NIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The company&#39;s market cap was close to $100 billion and is now traded much cheaper. My analysis suggests the selloff was fair because the company is losing the competition to its local rivals, not to mention other automotive giants entering the Chinese EV market. Moreover, NIO is highly likely to miss the aggressive growth profile consensus estimates expected from the company. Therefore, the stock is a strong sell.</p><h2>Company information</h2><p>NIO is a Chinese electric vehicle [EV] manufacturer incorporated in 2014. The company is headquartered in Shanghai. NIO designs, develops, jointly manufactures, and sells its vehicles in the premium EV market.</p><p>The company&#39;s fiscal year ends on December 31 with a single reportable segment.</p><h2>Financials</h2><p>NIO went public in the U.S. in 2018. It means we have a relatively short horizon for financial analysis. Over the last five years, the company&#39;s sales have increased by about ten-fold, and the company now generates positive gross profit but looks far from a breakeven from the operating profit perspective.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3ab3407bca2df1ff1e53abe2cfa8893\" tg-width=\"640\" tg-height=\"205\"/></p><p>Author&#39;s calculations</p><p>The company reinvests a substantial 20% of sales to R&amp;D to improve its vehicles. SG&amp;A to revenue ratio also looks high, though it has improved significantly in recent years, meaning the company is striving to expand its operating margin as the business scales up.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f64f338e36445eb56a2680e9933ec33\" tg-width=\"635\" tg-height=\"433\"/></p><p>Data by YCharts</p><p>Looking at the latest quarterly dynamics, the company faces challenges because Q1 sales were flat while expenses snowballed. It means profitability metrics are shrinking, adding more uncertainty to the company&#39;s break-even timing. NIO&#39;s flat sales in Q1 are a huge red flag for me because the Chinese EV market grew 25% in Q1 2023 compared to the same period a year earlier. It means that NIO&#39;s difficulties are not due to the overall weakness and cannot be explained by cyclicality. Weakness in NIO&#39;s Q1 sales is highly likely related to the weak demand for the company&#39;s vehicles due to the unattractiveness of the company&#39;s offerings. This led to about $750 million operating loss for the quarter. It is crucial because the company is burning cash at a rapid pace. As you can see, the company&#39;s cash balance almost halved in just six quarters.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/091deb88d6aa252c31585a445c012242\" tg-width=\"640\" tg-height=\"189\"/></p><p>Seeking Alpha</p><p>During Q1 of FY 2023, the company&#39;s cash balance decreased by about a billion dollars. If NIO sustains this cash burn rate, the company will need to raise financing already in FY 2024. This is a red flag for investors as well. The company will raise debt finance, adversely affecting profitability and decreasing shareholders&#39; wealth. Or, the company might issue more shares, which is also bad for investors whose stakes will be diluted. There are no good options for a company rapidly running out of cash. You can also see below that NIO&#39;s liquidity is rapidly melting and liquidity ratios are likely to fall below one in just a few quarters.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c97ffdd742a8adffa5d9d9695e3656d9\" tg-width=\"640\" tg-height=\"152\"/></p><p>Author&#39;s calculations</p><h2>Valuation</h2><p>NIO stock underperformed the broad U.S. market this year with about a 3% decline in the stock price. Overall, the stock now trades about six times cheaper than January 2021 peaks. Seeking Alpha Quant assigned the stock a low &#34;D&#34; valuation grade, meaning NIO is not attractively valued. This is due to the company&#39;s high valuation ratios compared to the sector median.</p><p>I want to cross-check the multiples analysis with a discounted cash flow [DCF] approach. Due to substantial political and country risks, I use a high 15% WACC for the valuation of Chinese companies. I have revenue consensus estimates for the next decade, though I consider them too optimistic, with about 17% CAGR. Therefore, I will simulate a more conservative scenario as well. Consensus estimates also forecast that adjusted EPS will break even after FY 2025. Therefore, I expect a positive FCF margin starting only from FY 2026. I project that the FCF margin will expand by two percentage points yearly.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b237d3982bcc784f2cc4bd14086d617\" tg-width=\"640\" tg-height=\"225\"/></p><p>Author&#39;s calculations</p><p>As you can see, the company&#39;s fair business value is about $58 billion, meaning the stock is about four times undervalued. But 17% revenue CAGR is too optimistic. For example, according to statista.com, the Chinese EV market is expected to grow at a modest 6.4% CAGR over the next five years. To be not so pessimistic, I round up the revenue growth rate to 7% for my second scenario. Since the growth rate is more conservative for the second scenario, so are the FCF assumptions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd7d27eb00d2bf0074dfa05fe1990c\" tg-width=\"640\" tg-height=\"236\"/></p><p>Author&#39;s calculations</p><p>Based on more conservative assumptions, the stock now looks fairly valued with little upside potential. Overall, I believe the second scenario is more likely to unfold than the first one. In the &#34;Risks to consider&#34; section below, I explain why the company is unlikely to meet long-term consensus expectations.</p><h2>Risks to consider</h2><p>As we saw in my article&#39;s &#34;Valuation&#34; section, consensus estimates forecast very aggressive revenue growth. Consensus estimates project FY 2023 revenue at $9.25 billion, meaning about 30% growth compared to the prior year. The correlation between income and the number of deliveries is not 100%, but extreme dependence exists. Therefore, for my analysis, I expect the company to deliver 30% more EVs this year than in FY 2022. FY 2023 deliveries should be about 160,000 to meet the projected consensus revenue. During the first five months of 2023, NIO delivered about 44,000 vehicles, meaning about 116,000 have to be delivered during the remaining seven months of the year. In other words, between June and December of 2023, the company has to deliver about 16.5 thousand vehicles per month on average. In the below table, you can see two significant trends. First, the number of deliveries has declined since February and almost halved. Second, the company was never even close to 16.5 thousand deliveries this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6231bc8482187baa159191a517f99601\" tg-width=\"530\" tg-height=\"234\"/></p><p>Compiled by the author</p><p>Therefore, the risk that the company will not be able to meet expected revenue growth is exceptionally high in the short- and long-term. If the company fails to achieve expected revenue this year, long-term earnings projections will likely be revised by analysts, which will directly adversely affect valuations.</p><p>The company faces intense competition from local EV rivals like Li Auto (LI) and the undisputed global EV leader Tesla (TSLA). We should also not forget other established giant automakers like Toyota (TM) and Volkswagen (OTCPK:VWAGY). In my opinion, the Chinese EV market looks like a&#34;red ocean&#34;, and NIO does not look like a shark in this massacre. Global automotive giants possess more resources to invest in innovation and ramp production. NIO is definitely in a weaker position than TSLA of VWAGY. But the company looks much weaker compared to its Chinese rival, LI. Below is the dynamic of NIO and Li Auto deliveries this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7fb23911ee3fdf87bbaa8b95d9830d95\" tg-width=\"640\" tg-height=\"250\"/></p><p>Compiled by the author</p><p>We could have blamed possible weakness in the Chinese EV market overall, but we see that Li Auto improved its deliveries sequentially every month this year. After June deliveries are announced, Li Auto will likely surpass its full FY 2022 in the number of vehicles delivered. On the contrary, NIO is very far from surpassing last year&#39;s deliveries. It is a huge red flag for me because the company is losing its market share in the domestic market, meaning NIO&#39;s vehicles will not be competitive outside China as well.</p><h2>Bottom line</h2><p>To conclude, NIO stock is a strong sell. The company is losing market share in the domestic market. If the company is not competitive at home, the chances for a successful global expansion are very close to zero. NIO is highly likely to underperform the ambitious 17% long-term revenue CAGR expected by consensus estimates. Moreover, the company is still burning cash, and the balance sheet looks like the company will need to raise substantial amounts next year. A recent rally might be a good chance to sell the stock because the future does not look bright for NIO.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO: Sell This Dead Cat Bounce</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\">\nNIO: Sell This Dead Cat Bounce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-22 19:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4612901-nio-stock-losing-market-share-in-domestic-market-sell><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment thesisNIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The company's market cap was close to $100 billion and is now traded much cheaper. My analysis suggests...</p>\n\n<a href=\"https://seekingalpha.com/article/4612901-nio-stock-losing-market-share-in-domestic-market-sell\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://seekingalpha.com/article/4612901-nio-stock-losing-market-share-in-domestic-market-sell","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2345738161","content_text":"Investment thesisNIO (NYSE:NIO) was one of the hottest stocks during the EV frenzy of 2020-2021. The company's market cap was close to $100 billion and is now traded much cheaper. My analysis suggests the selloff was fair because the company is losing the competition to its local rivals, not to mention other automotive giants entering the Chinese EV market. Moreover, NIO is highly likely to miss the aggressive growth profile consensus estimates expected from the company. Therefore, the stock is a strong sell.Company informationNIO is a Chinese electric vehicle [EV] manufacturer incorporated in 2014. The company is headquartered in Shanghai. NIO designs, develops, jointly manufactures, and sells its vehicles in the premium EV market.The company's fiscal year ends on December 31 with a single reportable segment.FinancialsNIO went public in the U.S. in 2018. It means we have a relatively short horizon for financial analysis. Over the last five years, the company's sales have increased by about ten-fold, and the company now generates positive gross profit but looks far from a breakeven from the operating profit perspective.Author's calculationsThe company reinvests a substantial 20% of sales to R&D to improve its vehicles. SG&A to revenue ratio also looks high, though it has improved significantly in recent years, meaning the company is striving to expand its operating margin as the business scales up.Data by YChartsLooking at the latest quarterly dynamics, the company faces challenges because Q1 sales were flat while expenses snowballed. It means profitability metrics are shrinking, adding more uncertainty to the company's break-even timing. NIO's flat sales in Q1 are a huge red flag for me because the Chinese EV market grew 25% in Q1 2023 compared to the same period a year earlier. It means that NIO's difficulties are not due to the overall weakness and cannot be explained by cyclicality. Weakness in NIO's Q1 sales is highly likely related to the weak demand for the company's vehicles due to the unattractiveness of the company's offerings. This led to about $750 million operating loss for the quarter. It is crucial because the company is burning cash at a rapid pace. As you can see, the company's cash balance almost halved in just six quarters.Seeking AlphaDuring Q1 of FY 2023, the company's cash balance decreased by about a billion dollars. If NIO sustains this cash burn rate, the company will need to raise financing already in FY 2024. This is a red flag for investors as well. The company will raise debt finance, adversely affecting profitability and decreasing shareholders' wealth. Or, the company might issue more shares, which is also bad for investors whose stakes will be diluted. There are no good options for a company rapidly running out of cash. You can also see below that NIO's liquidity is rapidly melting and liquidity ratios are likely to fall below one in just a few quarters.Author's calculationsValuationNIO stock underperformed the broad U.S. market this year with about a 3% decline in the stock price. Overall, the stock now trades about six times cheaper than January 2021 peaks. Seeking Alpha Quant assigned the stock a low \"D\" valuation grade, meaning NIO is not attractively valued. This is due to the company's high valuation ratios compared to the sector median.I want to cross-check the multiples analysis with a discounted cash flow [DCF] approach. Due to substantial political and country risks, I use a high 15% WACC for the valuation of Chinese companies. I have revenue consensus estimates for the next decade, though I consider them too optimistic, with about 17% CAGR. Therefore, I will simulate a more conservative scenario as well. Consensus estimates also forecast that adjusted EPS will break even after FY 2025. Therefore, I expect a positive FCF margin starting only from FY 2026. I project that the FCF margin will expand by two percentage points yearly.Author's calculationsAs you can see, the company's fair business value is about $58 billion, meaning the stock is about four times undervalued. But 17% revenue CAGR is too optimistic. For example, according to statista.com, the Chinese EV market is expected to grow at a modest 6.4% CAGR over the next five years. To be not so pessimistic, I round up the revenue growth rate to 7% for my second scenario. Since the growth rate is more conservative for the second scenario, so are the FCF assumptions.Author's calculationsBased on more conservative assumptions, the stock now looks fairly valued with little upside potential. Overall, I believe the second scenario is more likely to unfold than the first one. In the \"Risks to consider\" section below, I explain why the company is unlikely to meet long-term consensus expectations.Risks to considerAs we saw in my article's \"Valuation\" section, consensus estimates forecast very aggressive revenue growth. Consensus estimates project FY 2023 revenue at $9.25 billion, meaning about 30% growth compared to the prior year. The correlation between income and the number of deliveries is not 100%, but extreme dependence exists. Therefore, for my analysis, I expect the company to deliver 30% more EVs this year than in FY 2022. FY 2023 deliveries should be about 160,000 to meet the projected consensus revenue. During the first five months of 2023, NIO delivered about 44,000 vehicles, meaning about 116,000 have to be delivered during the remaining seven months of the year. In other words, between June and December of 2023, the company has to deliver about 16.5 thousand vehicles per month on average. In the below table, you can see two significant trends. First, the number of deliveries has declined since February and almost halved. Second, the company was never even close to 16.5 thousand deliveries this year.Compiled by the authorTherefore, the risk that the company will not be able to meet expected revenue growth is exceptionally high in the short- and long-term. If the company fails to achieve expected revenue this year, long-term earnings projections will likely be revised by analysts, which will directly adversely affect valuations.The company faces intense competition from local EV rivals like Li Auto (LI) and the undisputed global EV leader Tesla (TSLA). We should also not forget other established giant automakers like Toyota (TM) and Volkswagen (OTCPK:VWAGY). In my opinion, the Chinese EV market looks like a\"red ocean\", and NIO does not look like a shark in this massacre. Global automotive giants possess more resources to invest in innovation and ramp production. NIO is definitely in a weaker position than TSLA of VWAGY. But the company looks much weaker compared to its Chinese rival, LI. Below is the dynamic of NIO and Li Auto deliveries this year.Compiled by the authorWe could have blamed possible weakness in the Chinese EV market overall, but we see that Li Auto improved its deliveries sequentially every month this year. After June deliveries are announced, Li Auto will likely surpass its full FY 2022 in the number of vehicles delivered. On the contrary, NIO is very far from surpassing last year's deliveries. It is a huge red flag for me because the company is losing its market share in the domestic market, meaning NIO's vehicles will not be competitive outside China as well.Bottom lineTo conclude, NIO stock is a strong sell. The company is losing market share in the domestic market. If the company is not competitive at home, the chances for a successful global expansion are very close to zero. NIO is highly likely to underperform the ambitious 17% long-term revenue CAGR expected by consensus estimates. Moreover, the company is still burning cash, and the balance sheet looks like the company will need to raise substantial amounts next year. A recent rally might be a good chance to sell the stock because the future does not look bright for NIO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922244377,"gmtCreate":1671786190200,"gmtModify":1676538593285,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths&nbsp;back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....","listText":"Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths&nbsp;back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....","text":"Really ? Not selling for 2 years ? Dint he say he was done selling and won't be selling a few mths back as well ? Then he end up selling the next moment...... take it with a pinch of salt lah ....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922244377","repostId":"1169684458","repostType":2,"repost":{"id":"1169684458","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1671786031,"share":"https://ttm.financial/m/news/1169684458?lang=&edition=fundamental","pubTime":"2022-12-23 17:00","market":"us","language":"en","title":"Tesla Shares Rallied 2% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1169684458","media":"Tiger Newspress","summary":"Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for a","content":"<html><head></head><body><p>Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.</p><p>While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a &#34;serious recession&#34; in 2023 and demand for big-ticket items will be lower.</p><p>His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk&#39;s distraction with Twitter and his stock sales.</p><p>&#34;I won&#39;t sell stock until I don&#39;t know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,&#34; Musk said.</p><p>Shares of Tesla rose 2% in premarket trading Friday.</p><p><img src=\"https://static.tigerbbs.com/d54b27ca2b24cdc62f026e44dc5180c2\" tg-width=\"866\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p>Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company&#39;s shares wallow at over two-year lows.</p><p>&#34;I needed to sell some stock to make sure, like, there&#39;s powder dry...to account for a worst case scenario,&#34; the billionaire said.</p><p>He said Tesla&#39;s board is open to share buyback, but that will depend on the scale of a recession.</p><p>On Thursday, Tesla stocks plunged 9%, after Tesla started to offer deep, $7,500 discounts to U.S. consumers, fueling investor concerns about softening demand as the economy slows.</p><p>&#34;I think there is going to be some macro drama that&#39;s higher than people currently think,&#34; he said, adding that homes and cars will get &#34;disproportionately impacted&#34; by economic conditions.</p><p>Musk said that Tesla is close to picking the location of its new &#34;Gigafactory.&#34; Tesla could announce the construction of a &#34;Gigafactory&#34; in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported on Monday.</p><p>Asked whether he would bring in someone such as venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business.</p><p>&#34;(Twitter) is maybe 10% of the complexity of Tesla,&#34; Musk said.</p><p>Musk said earlier this week that he will step down as chief executive of Twitter once he finds &#34;someone foolish enough to take the job.&#34;</p><p>In response to concerns that his political views and controversial comments are alienating some people, he said, &#34;I am not going to like sort of suppress my views just to boost the stock price.&#34;</p><p>Musk has increasingly used Twitter&#39;s live audio platform to weigh in on his product and strategic decisions at the social media company he took private in October in a $44 billion deal.</p></body></html>","collect":0,"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>Tesla Shares Rallied 2% in Premarket Trading</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\">\nTesla Shares Rallied 2% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-23 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.</p><p>While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a &#34;serious recession&#34; in 2023 and demand for big-ticket items will be lower.</p><p>His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk&#39;s distraction with Twitter and his stock sales.</p><p>&#34;I won&#39;t sell stock until I don&#39;t know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,&#34; Musk said.</p><p>Shares of Tesla rose 2% in premarket trading Friday.</p><p><img src=\"https://static.tigerbbs.com/d54b27ca2b24cdc62f026e44dc5180c2\" tg-width=\"866\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p>Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company&#39;s shares wallow at over two-year lows.</p><p>&#34;I needed to sell some stock to make sure, like, there&#39;s powder dry...to account for a worst case scenario,&#34; the billionaire said.</p><p>He said Tesla&#39;s board is open to share buyback, but that will depend on the scale of a recession.</p><p>On Thursday, Tesla stocks plunged 9%, after Tesla started to offer deep, $7,500 discounts to U.S. consumers, fueling investor concerns about softening demand as the economy slows.</p><p>&#34;I think there is going to be some macro drama that&#39;s higher than people currently think,&#34; he said, adding that homes and cars will get &#34;disproportionately impacted&#34; by economic conditions.</p><p>Musk said that Tesla is close to picking the location of its new &#34;Gigafactory.&#34; Tesla could announce the construction of a &#34;Gigafactory&#34; in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported on Monday.</p><p>Asked whether he would bring in someone such as venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business.</p><p>&#34;(Twitter) is maybe 10% of the complexity of Tesla,&#34; Musk said.</p><p>Musk said earlier this week that he will step down as chief executive of Twitter once he finds &#34;someone foolish enough to take the job.&#34;</p><p>In response to concerns that his political views and controversial comments are alienating some people, he said, &#34;I am not going to like sort of suppress my views just to boost the stock price.&#34;</p><p>Musk has increasingly used Twitter&#39;s live audio platform to weigh in on his product and strategic decisions at the social media company he took private in October in a $44 billion deal.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169684458","content_text":"Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a \"serious recession\" in 2023 and demand for big-ticket items will be lower.His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk's distraction with Twitter and his stock sales.\"I won't sell stock until I don't know probably two years from now. Definitely not next year under any circumstances and probably not the year thereafter,\" Musk said.Shares of Tesla rose 2% in premarket trading Friday.Musk has previously made promises about not selling Tesla stock before subsequently selling it. Last week, Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion since late last year and frustrating investors as the company's shares wallow at over two-year lows.\"I needed to sell some stock to make sure, like, there's powder dry...to account for a worst case scenario,\" the billionaire said.He said Tesla's board is open to share buyback, but that will depend on the scale of a recession.On Thursday, Tesla stocks plunged 9%, after Tesla started to offer deep, $7,500 discounts to U.S. consumers, fueling investor concerns about softening demand as the economy slows.\"I think there is going to be some macro drama that's higher than people currently think,\" he said, adding that homes and cars will get \"disproportionately impacted\" by economic conditions.Musk said that Tesla is close to picking the location of its new \"Gigafactory.\" Tesla could announce the construction of a \"Gigafactory\" in the northern Mexican state of Nuevo Leon as soon as Friday, with an initial investment of between $800 million and $1 billion, local newspaper Reforma reported on Monday.Asked whether he would bring in someone such as venture capitalist David Sacks to run Twitter to allow him to focus on Tesla, Musk dodged the question and said Twitter was a relatively simple business.\"(Twitter) is maybe 10% of the complexity of Tesla,\" Musk said.Musk said earlier this week that he will step down as chief executive of Twitter once he finds \"someone foolish enough to take the job.\"In response to concerns that his political views and controversial comments are alienating some people, he said, \"I am not going to like sort of suppress my views just to boost the stock price.\"Musk has increasingly used Twitter's live audio platform to weigh in on his product and strategic decisions at the social media company he took private in October in a $44 billion deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995441834,"gmtCreate":1661506623030,"gmtModify":1676536532075,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"&nbsp;Please counter sue to make them pay forbthe mess they creates&nbsp;","listText":"&nbsp;Please counter sue to make them pay forbthe mess they creates&nbsp;","text":"Please counter sue to make them pay forbthe mess they creates","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995441834","repostId":"1115394877","repostType":2,"repost":{"id":"1115394877","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1661506401,"share":"https://ttm.financial/m/news/1115394877?lang=&edition=fundamental","pubTime":"2022-08-26 17:33","market":"hk","language":"en","title":"NIO Inc. Announces Substantial Completion of Independent Internal Review","url":"https://stock-news.laohu8.com/highlight/detail?id=1115394877","media":"Tiger Newspress","summary":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company","content":"<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an independent committee of the board of directors (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was formed to oversee an independent internal review regarding the key allegations made in the Short Seller Report (the “Internal Review”). The Internal Review was performed by the Independent Committee with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company&#39;s auditor. The Internal Review is now substantially complete. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations were not substantiated.</p><p><b>About NIO Inc.</b></p><p>NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium smart electric SUV, the ES7, a mid-large five-seater premium smart electric SUV, the ES6, a five-seater high-performance premium smart electric SUV, the EC6, a five-seater premium smart electric coupe SUV, the ET7, a flagship premium smart electric sedan, and the ET5, a mid-size premium smart electric sedan.</p></body></html>","collect":0,"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>NIO Inc. Announces Substantial Completion of Independent Internal Review</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\">\nNIO Inc. Announces Substantial Completion of Independent Internal Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-26 17:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an independent committee of the board of directors (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was formed to oversee an independent internal review regarding the key allegations made in the Short Seller Report (the “Internal Review”). The Internal Review was performed by the Independent Committee with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company&#39;s auditor. The Internal Review is now substantially complete. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations were not substantiated.</p><p><b>About NIO Inc.</b></p><p>NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium smart electric SUV, the ES7, a mid-large five-seater premium smart electric SUV, the ES6, a five-seater high-performance premium smart electric SUV, the EC6, a five-seater premium smart electric coupe SUV, the ET7, a flagship premium smart electric sedan, and the ET5, a mid-size premium smart electric sedan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115394877","content_text":"NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today provided an update on the status of the previously announced independent internal review. As previously disclosed, shortly after the publication of a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an independent committee of the board of directors (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was formed to oversee an independent internal review regarding the key allegations made in the Short Seller Report (the “Internal Review”). The Internal Review was performed by the Independent Committee with the assistance of third-party professional advisors including an international law firm and forensic accounting experts from a well-regarded forensic accounting firm that is not the Company's auditor. The Internal Review is now substantially complete. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations were not substantiated.About NIO Inc.NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium smart electric SUV, the ES7, a mid-large five-seater premium smart electric SUV, the ES6, a five-seater high-performance premium smart electric SUV, the EC6, a five-seater premium smart electric coupe SUV, the ET7, a flagship premium smart electric sedan, and the ET5, a mid-size premium smart electric sedan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":217246588887120,"gmtCreate":1694062057882,"gmtModify":1694062062521,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Ah seeking alpha the nio basher .....","listText":"Ah seeking alpha the nio basher .....","text":"Ah seeking alpha the nio basher .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/217246588887120","repostId":"2365985077","repostType":2,"repost":{"id":"2365985077","pubTimestamp":1694054990,"share":"https://ttm.financial/m/news/2365985077?lang=&edition=fundamental","pubTime":"2023-09-07 10:49","market":"us","language":"en","title":"NIO Is Not The Next Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2365985077","media":"Seeking Alpha","summary":"NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla's dominance.NIO's Q2 earnings missed consensus e","content":"<html><head></head><body><ul style=\"\"><li><p>NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla&#39;s dominance.</p></li><li><p>NIO&#39;s Q2 earnings missed consensus estimates, with a decrease in revenue, deliveries, and vehicle sales, and a significant net loss.</p></li><li><p>Tesla&#39;s lower prices and economies of scale advantage make it difficult for NIO to effectively compete, raising concerns about NIO&#39;s long-term profitability.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/afa41a3beb052988217d740151a34fbd\" alt=\"Drew Angerer/Getty Images News\" title=\"Drew Angerer/Getty Images News\" tg-width=\"750\" tg-height=\"500\"/><span>Drew Angerer/Getty Images News</span></p><p>NIO Inc. (NYSE:NIO) is an exciting pure EV company out of China. I&#39;ve been bullish on NIO due to its innovative vehicles, growth prospects, and future profitability potential. Moreover, due to its higher-end EV market position, production capacity, and other factors, I&#39;ve often said that NIO is the closest pure EV competitor that Tesla (TSLA) has.</p><p>However, despite NIO&#39;s considerable long-term growth and profitability potential, the company may face challenges in the near and intermediate term. NIO&#39;s problems could persist for several reasons, including a sluggish Chinese economy, rising costs, lower margins, increased competition, and other variables. Nevertheless, a primary concern for NIO is Tesla. Tesla has illustrated that it can drop vehicle prices while maintaining high profitability, taking market share from NIO and other EV manufacturers.</p><p>Unfortunately for NIO, it cannot drop prices low enough to effectively compete with Tesla because of Tesla&#39;s economies of scale advantage and other factors. Therefore, NIO could continue struggling as we move forward. Moreover, NIO&#39;s recent earnings announcement showed the company missing top and bottom-line consensus estimates, putting the company&#39;s outlook into question. Additionally, NIO&#39;s margins continue deteriorating, and uncertainty surrounds its stock. Due to the increased transparency, NIO&#39;s risk/reward ratio has fallen, and I&#39;m taking down my buy rating on its stock, transitioning to a hold instead.</p><h2 id=\"id_2091863318\">Technically - Could Rally In The Near Term</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f932649cc1766e74122b4a9e6074167\" alt=\"NIO (StockCharts.com)\" title=\"NIO (StockCharts.com)\" tg-width=\"640\" tg-height=\"676\"/><span>NIO (StockCharts.com)</span></p><p>I won&#39;t deny it. Technically, NIO&#39;s chart appears bullish in the near term here. The stock likely put in a long-term bottom around the $7 level, staging a robust rally to around $16 before dropping back to the $10 range. We recently witnessed the 50-day MA move above the 200-day MA, a bullish technical signal. We also see a possible basing platform around the $10 support, implying we may see a rally in the near term. Nevertheless, this stock remains highly uncertain for the long term despite the near-term positives.</p><h2 id=\"id_238195263\">NIO&#39;s Missing Numbers - Puts Outlook in Question</h2><p>NIO recently reported Q2 Non-GAAP EPADS of -$0.45, missing the four-cent consensus number. Moreover, it reported revenue of $1.21B, a $60M miss, and a 14.8% YoY decrease. Q2 deliveries came in at 23,520 vehicles, a 6.1% YoY decrease. Q2 vehicle sales came in at about <em>$991M</em>, representing a 25% YoY decline. Vehicle margin was only 6.2%, a staggering drop from the 16.7% in the same quarter last year.</p><h2 id=\"id_3628737876\">NIO&#39;s Staggering $828 Million Loss</h2><p>Additionally, NIO&#39;s gross margin crashed to just 1% from 13% in the same quarter last year. NIO&#39;s Q2 net loss widened to more than 6 billion Yuan, equating to a staggering quarterly loss of $828 million. Unfortunately, this massive loss isn&#39;t new for the company, as NIO&#39;s TTM loss is close to $3 billion. NIO produced about <em>$6 billion</em> in revenues during the same time frame. Thus, the $64,000 question is, when will NIO become profitable?</p><p>The answer is no time soon. Moreover, a capital raise could come shortly. Therefore, there&#39;s likely dilution in NIO&#39;s future, implying the stock could fall or stay range bound longer-term. Moreover, I wonder if NIO can effectively compete with Tesla in the long run.</p><h2 id=\"id_1614492524\">NIO&#39;s Massive Tesla Problem</h2><p>Tesla dominates China&#39;s higher-end EV segment. Tesla recorded more than 84,000 unit sales last month (August). This sales increase represents a 31% YoY surge for Tesla, bringing its YTD vehicles sold in China to about 625,000. NIO delivered 19,329 in August, bringing its YTD vehicle sales count to 94,352. However, management is guiding to sales of 15-17K in September. Therefore, we&#39;re seeing NIO&#39;s order book slowing down, and NIO needs many more sales (200-300K annually) to have a chance to be profitable. Tesla&#39;s position is so prominent in China that NIO may find it challenging to compete effectively in the long run.</p><h2 id=\"id_2894464553\">What Would You Buy - Tesla or NIO?</h2><p>NIO&#39;s popular ET5 sedan starts at about $46,100, and the price can climb into the $50-$60K range quickly once options are added. NIO&#39;s EC6 (Model Y competitor) starts at about $52,400, and the price can surge into the $60-$70K range with options. In contrast, the Model Y starts at only $41,000 in China and has (arguably) more advanced technologies and better engineering. Due to Tesla&#39;s remarkable ability to control prices, its mass-market vehicles are far more affordable than its prime competitor in China. Therefore, NIO&#39;s recent sales improvement may be temporary, and Tesla could continue taking NIO&#39;s market share as we advance. NIO can have a niche place in the EV market, but whether it can become mainstream and profitable remains to be seen. Therefore, I need more certainty as an investor here. Until then, I would rather own Tesla&#39;s stock instead.</p><h2 id=\"id_3025812721\">NIO: Is It Worth The Risk?</h2><p>NIO is an increased-risk investment because it is a Chinese company. However, NIO is even riskier because it&#39;s a highly unprofitable Chinese company. There is the added risk of unrelenting competition from Tesla and other profitable higher-end EV automakers. Moreover, some market participants have raised questions regarding NIO&#39;s accounting practices, pointing to a &#34;Philidor&#34; like entity (Wuhan Weineng) inflating NIO&#39;s revenues and profitability in recent years. Therefore, we have an additional risk of accounting irregularities with NIO. As an investor, why do I need to take such risks? To see NIO succeed? The company may grow in the long run, and its share price could go much higher in the coming years. Nevertheless, there is also an inflated risk of sideways price action and failure, which makes NIO a less attractive investment long-term. Therefore, I&#39;ve reduced my buy rating to hold, recently selling my NIO shares following the troubling Q2 earnings announcement.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO Is Not The Next Tesla</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; 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}\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\">\nNIO Is Not The Next Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-07 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4633465-nio-is-not-the-next-tesla-rating-downgrade><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla's dominance.NIO's Q2 earnings missed consensus ...</p>\n\n<a href=\"https://seekingalpha.com/article/4633465-nio-is-not-the-next-tesla-rating-downgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","NIO":"蔚来","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU2063271972.USD":"富兰克林创新领域基金","LU0056508442.USD":"贝莱德世界科技基金A2","09866":"蔚来-SW","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4532":"文艺复兴科技持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4531":"中概回港概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4585":"ETF&股票定投概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4509":"腾讯概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","NIO.SI":"蔚来","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4588":"碎股","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4550":"红杉资本持仓","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"source_url":"https://seekingalpha.com/article/4633465-nio-is-not-the-next-tesla-rating-downgrade","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2365985077","content_text":"NIO faces challenges in the near and intermediate term due to a sluggish Chinese economy, rising costs, lower margins, increased competition, and Tesla's dominance.NIO's Q2 earnings missed consensus estimates, with a decrease in revenue, deliveries, and vehicle sales, and a significant net loss.Tesla's lower prices and economies of scale advantage make it difficult for NIO to effectively compete, raising concerns about NIO's long-term profitability.Drew Angerer/Getty Images NewsNIO Inc. (NYSE:NIO) is an exciting pure EV company out of China. I've been bullish on NIO due to its innovative vehicles, growth prospects, and future profitability potential. Moreover, due to its higher-end EV market position, production capacity, and other factors, I've often said that NIO is the closest pure EV competitor that Tesla (TSLA) has.However, despite NIO's considerable long-term growth and profitability potential, the company may face challenges in the near and intermediate term. NIO's problems could persist for several reasons, including a sluggish Chinese economy, rising costs, lower margins, increased competition, and other variables. Nevertheless, a primary concern for NIO is Tesla. Tesla has illustrated that it can drop vehicle prices while maintaining high profitability, taking market share from NIO and other EV manufacturers.Unfortunately for NIO, it cannot drop prices low enough to effectively compete with Tesla because of Tesla's economies of scale advantage and other factors. Therefore, NIO could continue struggling as we move forward. Moreover, NIO's recent earnings announcement showed the company missing top and bottom-line consensus estimates, putting the company's outlook into question. Additionally, NIO's margins continue deteriorating, and uncertainty surrounds its stock. Due to the increased transparency, NIO's risk/reward ratio has fallen, and I'm taking down my buy rating on its stock, transitioning to a hold instead.Technically - Could Rally In The Near TermNIO (StockCharts.com)I won't deny it. Technically, NIO's chart appears bullish in the near term here. The stock likely put in a long-term bottom around the $7 level, staging a robust rally to around $16 before dropping back to the $10 range. We recently witnessed the 50-day MA move above the 200-day MA, a bullish technical signal. We also see a possible basing platform around the $10 support, implying we may see a rally in the near term. Nevertheless, this stock remains highly uncertain for the long term despite the near-term positives.NIO's Missing Numbers - Puts Outlook in QuestionNIO recently reported Q2 Non-GAAP EPADS of -$0.45, missing the four-cent consensus number. Moreover, it reported revenue of $1.21B, a $60M miss, and a 14.8% YoY decrease. Q2 deliveries came in at 23,520 vehicles, a 6.1% YoY decrease. Q2 vehicle sales came in at about $991M, representing a 25% YoY decline. Vehicle margin was only 6.2%, a staggering drop from the 16.7% in the same quarter last year.NIO's Staggering $828 Million LossAdditionally, NIO's gross margin crashed to just 1% from 13% in the same quarter last year. NIO's Q2 net loss widened to more than 6 billion Yuan, equating to a staggering quarterly loss of $828 million. Unfortunately, this massive loss isn't new for the company, as NIO's TTM loss is close to $3 billion. NIO produced about $6 billion in revenues during the same time frame. Thus, the $64,000 question is, when will NIO become profitable?The answer is no time soon. Moreover, a capital raise could come shortly. Therefore, there's likely dilution in NIO's future, implying the stock could fall or stay range bound longer-term. Moreover, I wonder if NIO can effectively compete with Tesla in the long run.NIO's Massive Tesla ProblemTesla dominates China's higher-end EV segment. Tesla recorded more than 84,000 unit sales last month (August). This sales increase represents a 31% YoY surge for Tesla, bringing its YTD vehicles sold in China to about 625,000. NIO delivered 19,329 in August, bringing its YTD vehicle sales count to 94,352. However, management is guiding to sales of 15-17K in September. Therefore, we're seeing NIO's order book slowing down, and NIO needs many more sales (200-300K annually) to have a chance to be profitable. Tesla's position is so prominent in China that NIO may find it challenging to compete effectively in the long run.What Would You Buy - Tesla or NIO?NIO's popular ET5 sedan starts at about $46,100, and the price can climb into the $50-$60K range quickly once options are added. NIO's EC6 (Model Y competitor) starts at about $52,400, and the price can surge into the $60-$70K range with options. In contrast, the Model Y starts at only $41,000 in China and has (arguably) more advanced technologies and better engineering. Due to Tesla's remarkable ability to control prices, its mass-market vehicles are far more affordable than its prime competitor in China. Therefore, NIO's recent sales improvement may be temporary, and Tesla could continue taking NIO's market share as we advance. NIO can have a niche place in the EV market, but whether it can become mainstream and profitable remains to be seen. Therefore, I need more certainty as an investor here. Until then, I would rather own Tesla's stock instead.NIO: Is It Worth The Risk?NIO is an increased-risk investment because it is a Chinese company. However, NIO is even riskier because it's a highly unprofitable Chinese company. There is the added risk of unrelenting competition from Tesla and other profitable higher-end EV automakers. Moreover, some market participants have raised questions regarding NIO's accounting practices, pointing to a \"Philidor\" like entity (Wuhan Weineng) inflating NIO's revenues and profitability in recent years. Therefore, we have an additional risk of accounting irregularities with NIO. As an investor, why do I need to take such risks? To see NIO succeed? The company may grow in the long run, and its share price could go much higher in the coming years. Nevertheless, there is also an inflated risk of sideways price action and failure, which makes NIO a less attractive investment long-term. Therefore, I've reduced my buy rating to hold, recently selling my NIO shares following the troubling Q2 earnings announcement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924705400,"gmtCreate":1672324963600,"gmtModify":1676538672526,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GOTU\">$Gaotu Techedu Inc.(GOTU)$&nbsp;</a>https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason","listText":"<a href=\"https://ttm.financial/S/GOTU\">$Gaotu Techedu Inc.(GOTU)$&nbsp;</a>https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason","text":"$Gaotu Techedu Inc.(GOTU)$ https://seekingalpha.com/news/3921101-gaotu-techedu-tal-education-tumble-as-china-tightens-regulations This is the reason","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924705400","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910919323,"gmtCreate":1663546660662,"gmtModify":1676537286502,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Tell me you are shorting without telling me you areshorting 😂","listText":"Tell me you are shorting without telling me you areshorting 😂","text":"Tell me you are shorting without telling me you areshorting 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910919323","repostId":"1175857733","repostType":2,"repost":{"id":"1175857733","pubTimestamp":1663546305,"share":"https://ttm.financial/m/news/1175857733?lang=&edition=fundamental","pubTime":"2022-09-19 08:11","market":"sg","language":"en","title":"This is Why Nio Stock Might be in Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=1175857733","media":"TipRanks","summary":"Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, main","content":"<div>\n<p>Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, mainly due to economic reasons. However, for Chinese EV upstart Nio, consumer cultural factors could ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"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>This is Why Nio Stock Might be in Trouble</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\">\nThis is Why Nio Stock Might be in Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 08:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, mainly due to economic reasons. However, for Chinese EV upstart Nio, consumer cultural factors could ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://www.tipranks.com/news/article/cream-not-rising-to-top-for-ev-maker-nio-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175857733","content_text":"Story HighlightsWhile electric vehicles were all the rage, the sector recently came under fire, mainly due to economic reasons. However, for Chinese EV upstart Nio, consumer cultural factors could also impose a significant headwind on NIO stock.As the various consequences of climate change and the economic burden of rising gasoline prices coalesced, electric vehicles became attractive. Under this framework, relative EV upstarts like China-based Nio (NYSE:NIO) enjoyed substantial rewards. However, as the global consumer market enters a different paradigm, expensive vehicle brands without established pedigree may become a liability. I am bearish on NIO stock.Credit belongs to TipRanks contributor Steve Anderson for recognizing the signs of a sector slowdown. While the big Chinese EV manufacturers like Nio, Xpeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) disclosed delivery numbers, none of them stood out for providing substantively encouraging figures. While year-over-year comparisons pinged positively, regional economic data actually presented a dark cloud over the proceedings.Sure enough, when Nio released its financial disclosure for the second quarter of 2022, management raised some eyebrows. Nio incurred an earnings loss of $0.19 per share, in contrast to the loss of $0.06 in the year-ago quarter. Notably, the red ink expanded despite the EV maker improving deliveries.Still, NIO stock managed to swing higher following the Q2 report. In particular, market observers liked that the EV specialist managed to post revenue generated from vehicle sales of $1.43 billion, up 21% on a year-over-year basis.Additionally, management upgraded its outlook for Q3, expecting deliveries ranging between 31,000 to 33,000 vehicles. This would imply a year-over-year increase of between 26.8% and 35%. Also, total revenue could come in between $1.92 billion and $2.03 billion, representing a growth of 31% to 38.7%.Despite some solid performances in Q2, the underlying projections for NIO stock may be too optimistic, given current circumstances.Economic Woes Will Likely Impede NIO StockWhile many, if not most, market analysts love to tout the ambitious aphorism that electric vehicles are the future, the reality is this future depends on economic cooperation. If outside circumstances negatively affect consumer sentiment, it won’t matter how clean and efficient EVs are. Everything comes down to the bottom line. In that sense, China’s economic woes represent arguably the biggest concern for NIO stock.In June of this year, TipRanks reporter Amit Singhnoted a deceleration in China’s economy. More recently, a September article byBloombergwarned that the world’s second-largest economic power is bracing for a slowdown that could be even worse than 2020. Of course, that’s an alarming headline considering the catastrophic COVID-19 pandemic.If that wasn’t troubling enough for NIO stock, The Wall Street Journal reported in August that China’s central bank was no longer interested in implementing the aggressive measures it deployed in the past to bolster economic performances. Now, Beijing’s concerns about rising debt and diminishing returns from spending killed the appetite for dovish monetary policies.Therefore, the optimistic projections about NIO stock run into a credibility problem. If multiple high-level sources are sounding the alarm bells for China’s economic viability, the idea that EVs – which tend to be pricier than their combustion-powered counterparts – will somehow thrive seems unrealistic.Consumer Culture Differences Could Hurt Nio StockIn late July, I mentioned that in the casino industry, eastern and western gamblers approach the sector differently. If the east/west cultural divide imparts significant differences in revenue allocation for gambling centers, it stands to reason that such a divide can also impact other consumer segments. Specifically, Chinese EV investments like NIO stock can end up hurting because they command a premium but without a justifying heritage.Though some circumstances are changing, for the most part, Chinese consumers tend to gravitate toward American chain restaurants because of the status symbol effect. While getting a burger and fries is a nothing-burger in America, in China, such a practice was exotic for decades.Now, consider the elements involved in an EV purchase. In the U.S., the average price of a new EV stands at nearly $63,000. In relation to the median U.S. household income, an average EV represents about 90% of median earnings.Here, Chinese and American consumers may feel the same. If they’re going to fork over that much of their earnings for a vehicle, it should mean something. Otherwise, it might be better to simply get something cheaper.However, the problem for NIO stock is that the underlying company has not yet proven that it can sustainably deliver cheap EVs. With a retained earnings loss of over $8.7 billion at the end of 2021, Nio can’t sustainably deliver expensive EVs to market.What is a Good Price for NIO Stock?Turning to Wall Street, NIO stock has a Strong Buy consensus rating based on nine Buys assigned in the past three months. The average NIO price target is $31.84, implying 52.1% upside potential.Takeaway: Consumer Sentiment is Fading and Will Pressure EV SalesWhen NIO stock first materialized, the upside potential stemmed from the underlying massive consumer base and broader interest in EV integration. However, with the global economic paradigm shifting rapidly, consumer sentiment will likely fade, presenting significant challenges for Nio and many other EV manufacturers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":266182460584160,"gmtCreate":1706021607855,"gmtModify":1706022300662,"author":{"id":"3577857198559418","authorId":"3577857198559418","name":"王三岁m","avatar":"https://static.tigerbbs.com/747d0092512e0b11cb72685285342d97","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577857198559418","idStr":"3577857198559418"},"themes":[],"htmlText":"Which intern wrote this trash. $1.30 u must as well say $0 ?&nbsp;","listText":"Which intern wrote this trash. $1.30 u must as well say $0 ?&nbsp;","text":"Which intern wrote this trash. $1.30 u must as well say $0 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/266182460584160","repostId":"2405129752","repostType":2,"repost":{"id":"2405129752","pubTimestamp":1706013524,"share":"https://ttm.financial/m/news/2405129752?lang=&edition=fundamental","pubTime":"2024-01-23 20:38","market":"us","language":"en","title":"NIO Stock's Nosedive Looks Fair","url":"https://stock-news.laohu8.com/highlight/detail?id=2405129752","media":"seekingalpha","summary":"NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies o","content":"<html><body><ul><li>NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.</li><li>As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies of similar scale, not speaking about giants like Tesla or Mercedes-Benz.</li><li>My target price for the stock is $1.3.</li></ul><p><figure><picture> <img loading=\"lazy\" src=\"https://media.gettyimages.com/id/1251932252/ru/%D1%84%D0%BE%D1%82%D0%BE/a-nio-inc-et5-electric-sedan-at-a-nio-showroom-in-shanghai-china-on-monday-april-17-2023.jpg?b=1&amp;s=594x594&amp;w=0&amp;k=20&amp;c=HW4jxnr3Ql1rwqPBIIhQJuAVBoxIePrX-xExYx0coCw=\"/> </picture><figcaption> <p>Bloomberg/Bloomberg via Getty Images</p></figcaption></figure></p> <h2>Introduction</h2> <p>NIO's (<span>NYSE:NIO</span>) stock, currently trading at one-tenth of its peak reached in early 2021, may appear enticing for a buy-the-dip strategy. However, my valuation analysis indicates substantial potential for further decline. Beyond overvaluation concerns, fundamental analysis highlights NIO's increasing<span> competition in the Chinese electric vehicle (EV) market and the impending challenge of contending with established German luxury automakers in the premium segment. Given the cloudy outlook and overvaluation, I am inclined to assign a 'Strong Sell' rating to NIO.</span></p> <h2>Fundamental analysis</h2> <p>NIO Inc. is a Chinese automotive company that positions itself as a premium EV brand. According to the company's latest quarterly report, NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV; the ES7 (or the EL7), a mid-large five-seater smart electric SUV; the ES6 (or the EL6), a five-seater all-round smart electric SUV, the EC7, a five-seater smart<span> electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, the ET5, a mid-size smart electric sedan, and the ET5T, a smart electric tourer. The Chinese EV market is highly competitive, with over </span>94 brands<span> offering more than 300 models.</span></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-1705918672051172.png\"/></span><figcaption><p><span>Counterpoint</span></p></figcaption></figure></p> <p>The company delivered 160k vehicles in 2023, which was 30.7% higher than 2022. Numbers lack significance without context, so let me provide some additional insight here. According to Nikkei Asia, the overall Chinese EV market expanded by 38% in 2023 on a YoY basis. The fact that NIO lagged behind the overall Chinese market's growth pace is not very good, as it indicates that the company lost its market share to competitors in 2023. By the way, according to the same source, Nikkei, there were 9.5 million units of EVs sold in China in 2023. This means that NIO holds around 1.7% market share in China. For comparison, the Chinese EV leader in terms of delivery volumes, BYD (OTCPK:BYDDF), sold 1.6 million fully electric vehicles in 2023, ten times more than NIO. The undisputable U.S. EV leader, Tesla (TSLA) has a plant in Shanghai, China. Tesla delivered 947k vehicles from this plant in 2023, almost six times more than NIO did.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-1705916297652555.png\"/></span><figcaption><p><span>Nikkei Asia</span></p></figcaption></figure></p> <p>Besides these two EV giants, NIO also competes with several large legacy automakers switching to EVs. The Chinese EV market's annual sales are nearly 10 million cars, and its rapid growth renders it highly appealing to all automakers. As NIO focuses on the premium segment, it's crucial to observe the strategies employed by German luxury automakers in China. For example, Mercedes-Benz (OTCPK:MBGAF) sees China as the major long-term EV sales driver. Interestingly, prominent Chinese investors hold nearly 20% of Mercedes' shares, further indicating a strong inclination towards prioritizing the Chinese market. Another iconic German luxury brand, BMW (OTCPK:BMWYY), sold far fewer cars in China last year than NIO, slightly below 100k EVs. But the growth momentum is massive, soaring 138% YoY, which means BMW is rapidly gaining share in the Chinese EV market. I came across a compelling BCG chart illustrating low overall automotive brand loyalty in China, with foreign premium brands, especially German ones, enjoying the highest loyalty levels. Despite the chart being a decade old, the durable nature of products like cars suggests that customer behavior may not have shifted dramatically. Hence, I believe this chart remains relevant today, signaling a challenging path for NIO to surpass the customer loyalty achieved by established German luxury automakers such as Mercedes and BMW.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-17059190421523125.png\"/></span><figcaption><p><span>BCG</span></p></figcaption></figure></p> <p>The competition from NIO's close Chinese rivals like Li Auto (LI) and Zeekr is also fierce. Both these brands also position themselves as premium cars. And NIO is losing to LI by a wide margin. Li Auto delivered 376k vehicles in 2023, which was up 182% YoY. Zeekr sold less than Nio in 2023, about 119k vehicles in 2023, but is planning to double deliveries in 2024 to around 230k cars, which will be approximately the same level as NIO's targets. Furthermore, Li Auto targets delivering 800k units in 2024, meaning that NIO will unlikely catch up in the foreseeable future.</p> <p>In conclusion, an analysis of the Chinese EV market and NIO's competitive landscape reveals a vulnerable market position for the company, with the likelihood of intensified competition from German luxury automakers. When compared to even smaller Chinese rivals, the dynamics of delivery numbers suggest that NIO faces efficiency challenges even in competing with smaller players. Consequently, the prospect of competing with industry giants like Mercedes and BMW appears untenable for the company.</p> <p>For me and my readers as potential investors, it is also essential to take a look at NIO's financial performance. While the trailing twelve months (\"TTM\") reveal an impressive upward trajectory in revenue dynamics, a concerning pattern emerges – the more cars the company sells, the deeper the operating loss becomes. This prompts significant doubts about the viability of NIO's business model. The production expansion should drive down costs and help boost profits; otherwise, there is no point in driving revenue growth. The -41% operating margin might be okay for a young company like NIO, but the downward trend is an apparent big warning sign.</p> <p><figure><img height=\"366\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/saupload_4603308c1fe28c2dac414f7d60150a79.png\" width=\"635\"/><figcaption>Data by YCharts</figcaption></figure></p> <h2>Valuation analysis</h2> <p>NIO's stock price peaked in early 2021 and currently trades around ten times cheaper. Furthermore, the stock currently trades to the lower edge of the last 52-week range. Over the last 12 months, the stock price has dropped by almost 44%. Overall, NIO's stock price demonstrates very weak momentum. The current market cap is almost $11 billion, and the short interest is high at 15%.</p> <p>For a growth stock like NIO, the discounted cash flow (\"DCF\") approach is the best fit for valuation assessment. I will discount NIO's future cash flows at a recommended by Finbox 11.5% discount rate. Considering bright growth prospects for the overall Chinese EV market, I apply a high 7% constant growth rate for the terminal value (\"TV\") calculation. Consensus of 29 Wall Street analysts project a 45% YoY revenue growth in 2024, and I expect it to decelerate by 500 basis points each year as comparatives grow. The substantial uncertainty is around the levered free cash flow (\"FCF\") break-even timing, but I expect a 200 basis points expansion every year starting from 2025. Currently, there are around 1.7 billion shares outstanding.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-17059210622995548.png\"/></span><figcaption><p><span>Calculated by the author</span></p></figcaption></figure></p> <p>As shown above, the fair valuation for the stock stands at $1.26, far below the current market price, even when incorporating optimistic revenue growth assumptions and with a high 7% constant growth rate. Therefore, based on my DCF, the stock is poised to continue declining further.</p> <h2>Mitigating factors</h2> <p>To present a fair view of NIO to my readers, I also have to mention the positives. Despite having wide operating losses and still deeply negative FCF margins, NIO still has substantial financial resources to continue investing in marketing, improving current offerings, and developing new models. According to Yahoo Finance, the company had around 39 billion CNY in cash as of the end of Q3, which is approximately $5.4 billion. Furthermore, NIO is supported by a substantial fund from resource-endowed Abu Dhabi, and the company recently secured an additional $2.2 billion investment from this prominent investor. This suggests that it might be premature to dismiss NIO's future prospects.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/22/59768804-170592167832609.png\"/></span><figcaption><p><span>Yahoo Finance</span></p></figcaption></figure></p> <p>The current global geopolitical landscape is marked by significant uncertainty as tensions escalate between the East and the West, resembling a Second Cold War. China appears to have fewer geopolitical tensions with Europe compared to the U.S. However, given that Europe's most developed economies are allies of the U.S., potential tensions between China and Western Europe may only be a matter of time. If geopolitical tensions between China and the developed world escalate, challenges for European and American EV makers to access the Chinese market due to stricter trade regulations or increased tariffs could render large global players noncompetitive in the Chinese EV market. In the event of such a scenario, it would serve as a significant positive catalyst for all Chinese EV makers, even those that currently trail behind local competitors, such as NIO.</p> <h2>Conclusion</h2> <div></div> <p>NIO faces a limited number of positive catalysts, and possessing substantial financial reserves does not assure future success, particularly in light of NIO's recent underperformance and trailing behind competitors. As competition intensifies, I anticipate NIO will persist in trailing behind the overall growth of the Chinese EV market. Furthermore, my discounted cash flow analysis points to significant stock overvaluation. Considering these unfavorable factors collectively, I have assigned the stock a 'Strong Sell' rating.</p></body></html>","source":"seekingalpha","collect":0,"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>NIO Stock's Nosedive Looks Fair</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; 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}\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\">\nNIO Stock's Nosedive Looks Fair\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-23 20:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4664363-nio-stock-nosedive-looks-fair><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies ...</p>\n\n<a href=\"https://seekingalpha.com/article/4664363-nio-stock-nosedive-looks-fair\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4504":"桥水持仓","BK4099":"汽车制造商","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4563":"昨日强势股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BYDDF":"BYD Co., Ltd.","MBGAF":"Mercedes Benz Group AG","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4592":"伊斯兰概念","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","NIO":"蔚来","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4574":"无人驾驶","BK4509":"腾讯概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","NIO.SI":"蔚来","LU1548497426.USD":"安联环球人工智能AT Acc","LI":"理想汽车","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4527":"明星科技股","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","09866":"蔚来-SW","TSLA":"特斯拉","BK4588":"碎股","BK4550":"红杉资本持仓","BK4526":"热门中概股","BK4503":"景林资产持仓","BMWYY":"宝马汽车","BK4551":"寇图资本持仓"},"source_url":"https://seekingalpha.com/article/4664363-nio-stock-nosedive-looks-fair","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2405129752","content_text":"NIO delivered 160k vehicles in 2023, lagging behind the overall Chinese EV market's growth pace.As competition in the Chinese EV market intensifies, NIO faces challenges in keeping up with companies of similar scale, not speaking about giants like Tesla or Mercedes-Benz.My target price for the stock is $1.3.   Bloomberg/Bloomberg via Getty Images Introduction NIO's (NYSE:NIO) stock, currently trading at one-tenth of its peak reached in early 2021, may appear enticing for a buy-the-dip strategy. However, my valuation analysis indicates substantial potential for further decline. Beyond overvaluation concerns, fundamental analysis highlights NIO's increasing competition in the Chinese electric vehicle (EV) market and the impending challenge of contending with established German luxury automakers in the premium segment. Given the cloudy outlook and overvaluation, I am inclined to assign a 'Strong Sell' rating to NIO. Fundamental analysis NIO Inc. is a Chinese automotive company that positions itself as a premium EV brand. According to the company's latest quarterly report, NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV; the ES7 (or the EL7), a mid-large five-seater smart electric SUV; the ES6 (or the EL6), a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, the ET5, a mid-size smart electric sedan, and the ET5T, a smart electric tourer. The Chinese EV market is highly competitive, with over 94 brands offering more than 300 models. Counterpoint The company delivered 160k vehicles in 2023, which was 30.7% higher than 2022. Numbers lack significance without context, so let me provide some additional insight here. According to Nikkei Asia, the overall Chinese EV market expanded by 38% in 2023 on a YoY basis. The fact that NIO lagged behind the overall Chinese market's growth pace is not very good, as it indicates that the company lost its market share to competitors in 2023. By the way, according to the same source, Nikkei, there were 9.5 million units of EVs sold in China in 2023. This means that NIO holds around 1.7% market share in China. For comparison, the Chinese EV leader in terms of delivery volumes, BYD (OTCPK:BYDDF), sold 1.6 million fully electric vehicles in 2023, ten times more than NIO. The undisputable U.S. EV leader, Tesla (TSLA) has a plant in Shanghai, China. Tesla delivered 947k vehicles from this plant in 2023, almost six times more than NIO did. Nikkei Asia Besides these two EV giants, NIO also competes with several large legacy automakers switching to EVs. The Chinese EV market's annual sales are nearly 10 million cars, and its rapid growth renders it highly appealing to all automakers. As NIO focuses on the premium segment, it's crucial to observe the strategies employed by German luxury automakers in China. For example, Mercedes-Benz (OTCPK:MBGAF) sees China as the major long-term EV sales driver. Interestingly, prominent Chinese investors hold nearly 20% of Mercedes' shares, further indicating a strong inclination towards prioritizing the Chinese market. Another iconic German luxury brand, BMW (OTCPK:BMWYY), sold far fewer cars in China last year than NIO, slightly below 100k EVs. But the growth momentum is massive, soaring 138% YoY, which means BMW is rapidly gaining share in the Chinese EV market. I came across a compelling BCG chart illustrating low overall automotive brand loyalty in China, with foreign premium brands, especially German ones, enjoying the highest loyalty levels. Despite the chart being a decade old, the durable nature of products like cars suggests that customer behavior may not have shifted dramatically. Hence, I believe this chart remains relevant today, signaling a challenging path for NIO to surpass the customer loyalty achieved by established German luxury automakers such as Mercedes and BMW. BCG The competition from NIO's close Chinese rivals like Li Auto (LI) and Zeekr is also fierce. Both these brands also position themselves as premium cars. And NIO is losing to LI by a wide margin. Li Auto delivered 376k vehicles in 2023, which was up 182% YoY. Zeekr sold less than Nio in 2023, about 119k vehicles in 2023, but is planning to double deliveries in 2024 to around 230k cars, which will be approximately the same level as NIO's targets. Furthermore, Li Auto targets delivering 800k units in 2024, meaning that NIO will unlikely catch up in the foreseeable future. In conclusion, an analysis of the Chinese EV market and NIO's competitive landscape reveals a vulnerable market position for the company, with the likelihood of intensified competition from German luxury automakers. When compared to even smaller Chinese rivals, the dynamics of delivery numbers suggest that NIO faces efficiency challenges even in competing with smaller players. Consequently, the prospect of competing with industry giants like Mercedes and BMW appears untenable for the company. For me and my readers as potential investors, it is also essential to take a look at NIO's financial performance. While the trailing twelve months (\"TTM\") reveal an impressive upward trajectory in revenue dynamics, a concerning pattern emerges – the more cars the company sells, the deeper the operating loss becomes. This prompts significant doubts about the viability of NIO's business model. The production expansion should drive down costs and help boost profits; otherwise, there is no point in driving revenue growth. The -41% operating margin might be okay for a young company like NIO, but the downward trend is an apparent big warning sign. Data by YCharts Valuation analysis NIO's stock price peaked in early 2021 and currently trades around ten times cheaper. Furthermore, the stock currently trades to the lower edge of the last 52-week range. Over the last 12 months, the stock price has dropped by almost 44%. Overall, NIO's stock price demonstrates very weak momentum. The current market cap is almost $11 billion, and the short interest is high at 15%. For a growth stock like NIO, the discounted cash flow (\"DCF\") approach is the best fit for valuation assessment. I will discount NIO's future cash flows at a recommended by Finbox 11.5% discount rate. Considering bright growth prospects for the overall Chinese EV market, I apply a high 7% constant growth rate for the terminal value (\"TV\") calculation. Consensus of 29 Wall Street analysts project a 45% YoY revenue growth in 2024, and I expect it to decelerate by 500 basis points each year as comparatives grow. The substantial uncertainty is around the levered free cash flow (\"FCF\") break-even timing, but I expect a 200 basis points expansion every year starting from 2025. Currently, there are around 1.7 billion shares outstanding. Calculated by the author As shown above, the fair valuation for the stock stands at $1.26, far below the current market price, even when incorporating optimistic revenue growth assumptions and with a high 7% constant growth rate. Therefore, based on my DCF, the stock is poised to continue declining further. Mitigating factors To present a fair view of NIO to my readers, I also have to mention the positives. Despite having wide operating losses and still deeply negative FCF margins, NIO still has substantial financial resources to continue investing in marketing, improving current offerings, and developing new models. According to Yahoo Finance, the company had around 39 billion CNY in cash as of the end of Q3, which is approximately $5.4 billion. Furthermore, NIO is supported by a substantial fund from resource-endowed Abu Dhabi, and the company recently secured an additional $2.2 billion investment from this prominent investor. This suggests that it might be premature to dismiss NIO's future prospects. Yahoo Finance The current global geopolitical landscape is marked by significant uncertainty as tensions escalate between the East and the West, resembling a Second Cold War. China appears to have fewer geopolitical tensions with Europe compared to the U.S. However, given that Europe's most developed economies are allies of the U.S., potential tensions between China and Western Europe may only be a matter of time. If geopolitical tensions between China and the developed world escalate, challenges for European and American EV makers to access the Chinese market due to stricter trade regulations or increased tariffs could render large global players noncompetitive in the Chinese EV market. In the event of such a scenario, it would serve as a significant positive catalyst for all Chinese EV makers, even those that currently trail behind local competitors, such as NIO. Conclusion  NIO faces a limited number of positive catalysts, and possessing substantial financial reserves does not assure future success, particularly in light of NIO's recent underperformance and trailing behind competitors. As competition intensifies, I anticipate NIO will persist in trailing behind the overall growth of the Chinese EV market. Furthermore, my discounted cash flow analysis points to significant stock overvaluation. Considering these unfavorable factors collectively, I have assigned the stock a 'Strong Sell' rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}