NIO delivered 6,711 vehicles in May 2021, representing a solid 95.3% year-over-year growth. The deliveries consisted of 1,412 ES8s, the Company’s six-seater and seven-seater flagship premium smart electric SUV, 3,017 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,282 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of May 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 109,514 vehicles.In May, the Company's vehicle delivery was adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments. Based on the current production and delivery plan, the Company will be able to accelerate the delivery in June to make up for the delays from May. The company maintains and reite
U.S. stock and bond markets are closed Monday for Memorial Day. Investors will return from the long weekend to a handful of notable companies’ quarterly results. Zoom Video Communications,Canopy Growth,andHewlett Packard Enterprisereport on Tuesday, followed by Advance Auto Partson Wednesday. On Thursday, Broadcom,DocuSign,and Lululemon Athletica release results.The highlight on the economic-data calendar this week will be Friday’s May jobs report from the Bureau of Labor Statistics. The consensus forecast is for a gain of 700,000 nonfarm payrolls, after a disappointing 266,000 in April. The unemployment rate is expected to tick down to 5.9%, from 6.1%.
A rebound in trips to visit friends and family coupled with flight schedules that remain below 2019 levels means more flyers chasing fewer seats. That’s pushing up trip costs for the peak summer season as carriers reboot revenue management tools -- which raise fares in line with stronger seat demand -- after a year in which planes often flew with rows of empty seats.
Ford Motor Co will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co, Volkswagen AG and Tesla Inc in the global electrification race, sources familiar with Ford's plans said.The all-EV platforms are part of an ambitious multi-year, multi-billion-dollar plan the No. 2 U.S. automaker will outline to investors at its Capital Markets Day in an online event.
George Soros reportedly snapped up stocks that took a hit amid the collapse of Archegos Capital Management in March.What Happened: Billionaire George Soros' investment firm Soros Fund Management bought shares of CBS Corporation (NASDAQ: VIAC), DISCOVERY COMMUNICATIONS INC (NASDAQ: DISCA) and Baidu Inc (NASDAQ: BIDU) as these stocks were at a discount after Bill Hwang's Archegos Capital Management collapsed, Bloomberg reports.
New York (CNN Business)Tesla's Chinese sales last month were much weaker than they originally appeared.Although Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla's Chinese sales were down 27% from March to just under 26,000 cars — much worse than the overall 10% decline in China's electric vehicle sales overall.But that's not the full story: The trade group later clarified that its April figure includes sales of vehicles built in China but exported to other markets. More than half of the Teslas initially reported as Chinese sales — 14,174 — were exported.
Microsoft exceeded analysts’ estimates on the top and bottom lines, as well as revenue guidance.Windows revenue growth from device makers was higher than the company had predicted.Azure cloud revenue growth was flat from the prior quarter.
Bitcoin and other cryptocurrencies suffered hefty losses on Friday amid fears that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.But while social media lit up with posts about the plan hurting cryptocurrencies, and individual investors complaining about losses, some traders and analysts said declines are likely to be temporary.
Netflix Grabs Sony's Pay-TV Movie Deal From StarzAnders Bylund2021-04-09 23:21Video-streaming veteran Netflix (NASDAQ:NFLX) just signed a multiyear content deal with Sony (NYSE:SNE) Pictures Entertainment. Starting in 2022, Sony will move its exclusive pay-TV distribution window from longtime partner Starz to Netflix, putting the studio's theatrical releases on Netflix's global streaming platform.Sony and Netflix already had a streaming agreement for animated content, but this deal expands that partnership to all genres and production types. Titles making their home entertainment premiere in 2022 on Netflix rather than Lions Gate Entertainment (NYSE:LGF-A) (NYSE:LGF-B) subsidiary Starz will include the Brad Pitt thriller Bullet Train, the ensemble-cast action movie Uncharted, and the Reese
Cathie Wood Adds These Stocks To The Newly-Created Space Exploration ETF And OthersBenzinga2021-04-08 12:00Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm's ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 35 stocks that the hedge fund bought and sold on Wednesday.Trades ForArkSpace Exploration & Innovation ETFARKX 1.32%:Atlas Crest Investment CorpACIC 1.35%: Bought 141,100 shares of the blank check company, representing about 0.2503% of the ETF.