@VideoLounge:
[SPAC King Palihapitiya steps down from Virgin Galactic's board]Billionaire investor Chamath Palihapitiya's decision to step down as chairman of Virgin Galactic, which is down nearly 80 percent since he sold the remainder of his stake last May. $维珍银河(SPCE)$
Nio expects to cruise right around supply chain issue
NIO logo and the NIO store in downtownAndy Feng/iStock Editorial via Getty ImagesBank of America remains constructive on Nio (NIO -0.2%) after meeting with management earlier today on some capacity constraints due to chip component shortages and other disruptions with the production of local suppliers.Crucially, Nio says it has communicated closely with CATL to ensure battery supply for the company's electric vehicle production at 8K to 9k units per month until the end of 2021. Management believes the supply constraints will only impact short-term production. On the positive side, Nio sees positive momentum on the demand front and notes strengthening with new orders received. The demand is strong enough that Nio is confident of hitting prior guidance for Q3 deliveries of 23K to 25K units.T