Nio Just Cut Delivery Estimates. Is It Time to Sell the Stock?

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Nio Just Cut Delivery Estimates. Is It Time to Sell the Stock?

Motley Fool03-28

Nio reduced its first-quarter delivery outlook by as much as 10%.The Chinese EV market is especially competitive with smaller start-ups as well as global players.American depositary shares of Chinese ...

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The Knight
·03-28
Tough times ahead for Nio unless Chinese government provides the subsidy for EV cars. The decreasing export volume to Europe is definitely putting a lot of pressure on the volume. Tesla is benefiting from the pushback from EU countries. I am still a believer of Tesla and await for the good news on Cybertruck production in order for the share price to climb back towards $200 mark. Good luck, Tigers investors.
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Is It Time to Sell the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/03/27/nio-just-cut-delivery-estimates-is-it-time-to-sell/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio reduced its first-quarter delivery outlook by as much as 10%.The Chinese EV market is especially competitive with smaller start-ups as well as global players.American depositary shares of Chinese ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/03/27/nio-just-cut-delivery-estimates-is-it-time-to-sell/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO.SI","symbol_name":"蔚来","start_time":0,"source_url":"https://www.fool.com/investing/2024/03/27/nio-just-cut-delivery-estimates-is-it-time-to-sell/","article_id":"2422794119","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422794119","pubTimestamp":1711594353,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Nio's sales growth has slowed as early adopters have already gone electric in the Chinese market.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"translate_title":"蔚来刚刚下调了交货预期。是时候卖出股票了吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09866":1.1,"NIO":1.1,"NIO.SI":1.1},"content_text":"Nio reduced its first-quarter delivery outlook by as much as 10%.The Chinese EV market is especially competitive with smaller start-ups as well as global players.American depositary shares of Chinese electric vehicle (EV) maker Nio fell 2.3% Wednesday after the company lowered first-quarter delivery estimates.Nio had previously told investors it expected to ship as many as 33,000 vehicles in the quarterly period. 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Chart by author.Investors need to decide whether they believe the slowing growth trend is just temporary, or whether a long-term pivot to electrify transportation is coming. Citigroup analyst Jeff Chung still sees about 27% of new car sales in China being all-electric in 2024. In the U.S. penetration is much lower so far, with only about 8% of car sales being fully electric.For those who believe the runway for adoption remains long, investing in Nio and other EV makers could make sense. 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Tesla is &nbsp; &nbsp; &nbsp; &nbsp;benefiting from the pushback from EU countries. &nbsp; &nbsp; &nbsp; I am still a believer of Tesla and await for the good news on Cybertruck production in order for the &nbsp; &nbsp; share price to climb back towards $200 mark. Good luck, Tigers investors.","listText":"Tough times ahead for Nio unless Chinese &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; government provides the subsidy for EV cars. The decreasing export volume to Europe is definitely &nbsp; &nbsp; &nbsp; putting a lot of pressure on the volume. Tesla is &nbsp; &nbsp; &nbsp; &nbsp;benefiting from the pushback from EU countries. &nbsp; &nbsp; &nbsp; I am still a believer of Tesla and await for the good news on Cybertruck production in order for the &nbsp; &nbsp; share price to climb back towards $200 mark. Good luck, Tigers investors.","text":"Tough times ahead for Nio unless Chinese government provides the subsidy for EV cars. The decreasing export volume to Europe is definitely putting a lot of pressure on the volume. Tesla is benefiting from the pushback from EU countries. I am still a believer of Tesla and await for the good news on Cybertruck production in order for the share price to climb back towards $200 mark. Good luck, Tigers investors.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289067719557392","repostId":2422794119,"repostType":2,"repost":{"id":"2422794119","pubTimestamp":1711594353,"share":"https://www.laohu8.com/m/news/2422794119?lang=&edition=full","pubTime":"2024-03-28 10:52","market":"hk","language":"en","title":"Nio Just Cut Delivery Estimates. Is It Time to Sell the Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2422794119","media":"Motley Fool","summary":"Nio's sales growth has slowed as early adopters have already gone electric in the Chinese market.","content":"<html><head></head><body><ul style=\"\"><li><p>Nio reduced its first-quarter delivery outlook by as much as 10%.</p></li><li><p>The Chinese EV market is especially competitive with smaller start-ups as well as global players.</p></li></ul><p>American depositary shares of Chinese electric vehicle (EV) maker Nio fell 2.3% Wednesday after the company lowered first-quarter delivery estimates.</p><p>Nio had previously told investors it expected to ship as many as 33,000 vehicles in the quarterly period. Now it sees only about 30,000 units to be delivered. That news added to the pessimism investors have already felt regarding Nio&#39;s prospects. Nio shares are now down about 50% just this year.</p><h2 id=\"id_3747848603\">Is the electric vehicle market already saturated?</h2><p>China is the world&#39;s largest EV market. Even as Nio expands into Europe, it is relying on its home market to continue growing quickly. Last year, almost 9 million battery-electric vehicles were sold in China, the U.S. and Europe combined. More than two-thirds of those were in China. But the rate of growth has been slowing and automakers are slashing prices to try to continue supporting growth.</p><p>With many early adopters already having purchased vehicles, a slowdown in growth has been evident in 2024. Nio&#39;s monthly unit volume sales have dropped noticeably since peaking last July.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/af5e963419a060332b0a31fd43cb3c9b\" tg-width=\"700\" tg-height=\"461\"/></p><p>Data source: Nio. Chart by author.</p><p>Investors need to decide whether they believe the slowing growth trend is just temporary, or whether a long-term pivot to electrify transportation is coming. <strong>Citigroup</strong> analyst Jeff Chung still sees about 27% of new car sales in China being all-electric in 2024. In the U.S. penetration is much lower so far, with only about 8% of car sales being fully electric.</p><p>For those who believe the runway for adoption remains long, investing in Nio and other EV makers could make sense. But the risk of being wrong should also play a role in how much you want to risk in a still-evolving new market.</p></body></html>","source":"fool_stock","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 Just Cut Delivery Estimates. 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Is It Time to Sell the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/03/27/nio-just-cut-delivery-estimates-is-it-time-to-sell/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio reduced its first-quarter delivery outlook by as much as 10%.The Chinese EV market is especially competitive with smaller start-ups as well as global players.American depositary shares of Chinese ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/03/27/nio-just-cut-delivery-estimates-is-it-time-to-sell/\">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://www.fool.com/investing/2024/03/27/nio-just-cut-delivery-estimates-is-it-time-to-sell/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2422794119","content_text":"Nio reduced its first-quarter delivery outlook by as much as 10%.The Chinese EV market is especially competitive with smaller start-ups as well as global players.American depositary shares of Chinese electric vehicle (EV) maker Nio fell 2.3% Wednesday after the company lowered first-quarter delivery estimates.Nio had previously told investors it expected to ship as many as 33,000 vehicles in the quarterly period. Now it sees only about 30,000 units to be delivered. That news added to the pessimism investors have already felt regarding Nio's prospects. Nio shares are now down about 50% just this year.Is the electric vehicle market already saturated?China is the world's largest EV market. Even as Nio expands into Europe, it is relying on its home market to continue growing quickly. Last year, almost 9 million battery-electric vehicles were sold in China, the U.S. and Europe combined. More than two-thirds of those were in China. But the rate of growth has been slowing and automakers are slashing prices to try to continue supporting growth.With many early adopters already having purchased vehicles, a slowdown in growth has been evident in 2024. Nio's monthly unit volume sales have dropped noticeably since peaking last July.Data source: Nio. Chart by author.Investors need to decide whether they believe the slowing growth trend is just temporary, or whether a long-term pivot to electrify transportation is coming. Citigroup analyst Jeff Chung still sees about 27% of new car sales in China being all-electric in 2024. In the U.S. penetration is much lower so far, with only about 8% of car sales being fully electric.For those who believe the runway for adoption remains long, investing in Nio and other EV makers could make sense. But the risk of being wrong should also play a role in how much you want to risk in a still-evolving new market.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}