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- LeoChanWSLeoChanWS
  ·2021-07-26
  Nice
  Tesla Q2 Earnings Preview: Escalating Competition Dims Long-Term Prospects
  Reports Q2 2021 results on Monday, July 25, after the market closes Revenue Expectation: $11.53 bill
  Tesla Q2 Earnings Preview: Escalating Competition Dims Long-Term Prospects
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- LeoChanWSLeoChanWS
  ·2021-07-20
  Go go go
  Nio was up over 2% in premarket trading
  $NIO Inc.$ was up over 2% in premarket trading. Days ago Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.What Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan and bring in investors, as per the report.Nio’s subsidiary Weiran Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million .Weiran is wholly owned by XPT, NIO's motor bus
  Nio was up over 2% in premarket trading
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Until January of this year, shares of the Palo Alto, California-based EV manufacturer had surged more than 11-fold since the March 2020 low.</p>\n<p><img src=\"https://static.tigerbbs.com/6b239ddcb5561a9064fdfc33ae178f7c\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\">TSLA Weekly TTM</p>\n<p>After this meteoric move, the trajectory for Tesla shares, and investors who own them, has become uncertain amid growing&nbsp;competitive threats&nbsp;from traditional automakers, signs of a potential sales slowdown in China, and an ongoing semiconductor shortage.</p>\n<p>After hitting a record high of $900.40 on Jan. 4 of this year, <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> stock has fallen 28%, massively underperforming the broader market which continued to rise during this period. The stock closed on Friday at $643.38.</p>\n<p>When Tesla releases its latest earnings report later today, founder and CEO Elon Musk will likely face questions on whether the EV automaker's best days are still ahead from a growth perspective.</p>\n<p>The company’s latestproduction and delivery numbers, released at the beginning of July were encouraging. TSLA told investors it had delivered 201,250 cars worldwide during the second quarter, a record number for the company despite chip shortages and concerns about the sales fall-off in its China market. However, record deliveries notwithstanding, CNBC noted, \"deliveries fell slightly short of expectations.\"</p>\n<p>The bulk of sales during the period were for the Model 3 sedan and the Model Y crossover, produced in the company's Shanghai and Fremont, California factories. Those countries are also Tesla’s biggest markets. This strong delivery performance is an indication that Musk is likely to report another strong quarter.</p>\n<p>Analysts’ consensus estimates on today's release also support that view. Tesla profit per share is likely to double from thesame perioda year ago to $0.9364, while sales will jump 90% to $11.53 billion when compared with the same period last year.</p>\n<p><b>Competition Heating Up</b></p>\n<p>Still, as noted earlier, Tesla’s long-term prospects are becoming less attractive. It's facing threats from automotive sector giants such as <a href=\"https://laohu8.com/S/GM\">General Motors</a>, <a href=\"https://laohu8.com/S/F\">Ford</a> and <a href=\"https://laohu8.com/S/VWAGY\">Volkswagen AG</a>, each of which is launching its own electric-vehicle lineup. In China, Tesla’s lead over other, regional startups has already started to shrink.</p>\n<p>Despite Wall Street’s bullish consensus estimates on Q2 earnings, analysts remain highly divided on Tesla’s stock’s direction.</p>\n<p>Just before the earnings report, Goldman Sachs reiterated its buy call for Tesla, saying it sees strong revenue and margin growth. In a note the investment bank said:</p>\n<blockquote>\n “We are Buy-rated on TSLA shares as we expect higher volumes and the company’s leadership position in the rapidly growing EV market to lead to strong revenue and margin growth.”\n</blockquote>\n<p>Barclays’ Brian Johnson, while raising his second-quarter earnings estimate for Tesla to $1.08 per share from $0.92 per share, said its stock is still not a buy. Though maintaining a 12-month price target of $230 on the stock, Johnson also said:</p>\n<blockquote>\n “While we acknowledge the profit improvement from pricing moves in [the second quarter], and potential near-term upside to the shares, we believe some of these will dissipate over time and remain stubbornly underweight on valuation.”\n</blockquote>\n<p>On a longer timeframe, analyst outlook on the stock is also mixed.</p>\n<p><img src=\"https://static.tigerbbs.com/ffac6c32fa0716c8ea07bd7149a710be\" tg-width=\"992\" tg-height=\"640\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">TSLA Consensus Estimates</p>\n<p><i>Chart: Investing.com</i></p>\n<p>Based on anInvesting.com poll&nbsp;of 35 analysts, respondents provided a neutral view of the shares, with the majority seeing a 7% upside target over the next 12 months.</p>\n<p><b>Bottom Line</b></p>\n<p>The short-term outlook for <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> has brightened after the company produced more cars in Q2 than expected. That shows it’s been succeeding in overcoming supply-chain issues which are hurting other traditional automakers.</p>\n<p>But that impressive performance may not be enough to push the stock much higher from current levels as concerns about accelerating competition heat up.</p>","source":"lsy1594375853987","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 Q2 Earnings Preview: Escalating Competition Dims Long-Term Prospects</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 Q2 Earnings Preview: Escalating Competition Dims Long-Term Prospects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 14:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/analysis/tesla-q2-earnings-preview-escalating-competition-dims-longterm-prospects-200593542><strong>investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reports Q2 2021 results on Monday, July 25, after the market closes\nRevenue Expectation: $11.53 billion\nEPS Expectation: $0.936\n\nDespite past turbulence, Tesla Motors has been a great growth story for...</p>\n\n<a href=\"https://www.investing.com/analysis/tesla-q2-earnings-preview-escalating-competition-dims-longterm-prospects-200593542\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","F":"福特汽车","TSLA":"特斯拉","VWAGY":"大众汽车ADR"},"source_url":"https://www.investing.com/analysis/tesla-q2-earnings-preview-escalating-competition-dims-longterm-prospects-200593542","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113220500","content_text":"Reports Q2 2021 results on Monday, July 25, after the market closes\nRevenue Expectation: $11.53 billion\nEPS Expectation: $0.936\n\nDespite past turbulence, Tesla Motors has been a great growth story for investors who remained faithful to the electric carmaker and its stock. Until January of this year, shares of the Palo Alto, California-based EV manufacturer had surged more than 11-fold since the March 2020 low.\nTSLA Weekly TTM\nAfter this meteoric move, the trajectory for Tesla shares, and investors who own them, has become uncertain amid growing competitive threats from traditional automakers, signs of a potential sales slowdown in China, and an ongoing semiconductor shortage.\nAfter hitting a record high of $900.40 on Jan. 4 of this year, Tesla Motors stock has fallen 28%, massively underperforming the broader market which continued to rise during this period. The stock closed on Friday at $643.38.\nWhen Tesla releases its latest earnings report later today, founder and CEO Elon Musk will likely face questions on whether the EV automaker's best days are still ahead from a growth perspective.\nThe company’s latestproduction and delivery numbers, released at the beginning of July were encouraging. TSLA told investors it had delivered 201,250 cars worldwide during the second quarter, a record number for the company despite chip shortages and concerns about the sales fall-off in its China market. However, record deliveries notwithstanding, CNBC noted, \"deliveries fell slightly short of expectations.\"\nThe bulk of sales during the period were for the Model 3 sedan and the Model Y crossover, produced in the company's Shanghai and Fremont, California factories. Those countries are also Tesla’s biggest markets. This strong delivery performance is an indication that Musk is likely to report another strong quarter.\nAnalysts’ consensus estimates on today's release also support that view. Tesla profit per share is likely to double from thesame perioda year ago to $0.9364, while sales will jump 90% to $11.53 billion when compared with the same period last year.\nCompetition Heating Up\nStill, as noted earlier, Tesla’s long-term prospects are becoming less attractive. It's facing threats from automotive sector giants such as General Motors, Ford and Volkswagen AG, each of which is launching its own electric-vehicle lineup. In China, Tesla’s lead over other, regional startups has already started to shrink.\nDespite Wall Street’s bullish consensus estimates on Q2 earnings, analysts remain highly divided on Tesla’s stock’s direction.\nJust before the earnings report, Goldman Sachs reiterated its buy call for Tesla, saying it sees strong revenue and margin growth. In a note the investment bank said:\n\n “We are Buy-rated on TSLA shares as we expect higher volumes and the company’s leadership position in the rapidly growing EV market to lead to strong revenue and margin growth.”\n\nBarclays’ Brian Johnson, while raising his second-quarter earnings estimate for Tesla to $1.08 per share from $0.92 per share, said its stock is still not a buy. Though maintaining a 12-month price target of $230 on the stock, Johnson also said:\n\n “While we acknowledge the profit improvement from pricing moves in [the second quarter], and potential near-term upside to the shares, we believe some of these will dissipate over time and remain stubbornly underweight on valuation.”\n\nOn a longer timeframe, analyst outlook on the stock is also mixed.\nTSLA Consensus Estimates\nChart: Investing.com\nBased on anInvesting.com poll of 35 analysts, respondents provided a neutral view of the shares, with the majority seeing a 7% upside target over the next 12 months.\nBottom Line\nThe short-term outlook for Tesla Motors has brightened after the company produced more cars in Q2 than expected. That shows it’s been succeeding in overcoming supply-chain issues which are hurting other traditional automakers.\nBut that impressive performance may not be enough to push the stock much higher from current levels as concerns about accelerating competition heat up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178036637,"gmtCreate":1626770943129,"gmtModify":1703764876603,"author":{"id":"4089362649561140","authorId":"4089362649561140","name":"LeoChanWS","avatar":"https://static.tigerbbs.com/e9e5e25e7c190f02d7a85090067ab2a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089362649561140","authorIdStr":"4089362649561140"},"themes":[],"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/178036637","repostId":"1199229497","repostType":4,"repost":{"id":"1199229497","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":1626770417,"share":"https://ttm.financial/m/news/1199229497?lang=&edition=fundamental","pubTime":"2021-07-20 16:40","market":"us","language":"en","title":"Nio was up over 2% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1199229497","media":"Tiger Newspress","summary":" $NIO Inc.$ was up over 2% in premarket trading. Days ago Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.What Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan  and bring in investors, as per the report.Nio’s subsidiary Weiran  Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million .Weiran is wholly owned by XPT, NIO's motor bus","content":"<p>(July&nbsp;20)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> was up over 2% in premarket trading.&nbsp;Days&nbsp;ago&nbsp;Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.</p>\n<p><img src=\"https://static.tigerbbs.com/9a051b22f9aae28d36256590e6d5631f\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p>\n<p>A subsidiary of Chinese electric vehicle maker&nbsp;<b>Nio Inc.</b>&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 1% higher in Monday’s trading at $43.35.</p>\n<p>Other&nbsp;EV&nbsp;stocks&nbsp;rally&nbsp;continue&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/dd4b80ed4d842e96ca95301c6bc62068\" tg-width=\"283\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><b>Tesla</b>-<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>.&nbsp;saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.</p>\n<p>Registrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from <a href=\"https://laohu8.com/S/CAAS\">China</a> Automotive <a href=\"https://laohu8.com/S/III\">Information</a> Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.</p>","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 was up over 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\">\nNio was up over 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\">2021-07-20 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July&nbsp;20)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> was up over 2% in premarket trading.&nbsp;Days&nbsp;ago&nbsp;Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.</p>\n<p><img src=\"https://static.tigerbbs.com/9a051b22f9aae28d36256590e6d5631f\" tg-width=\"709\" tg-height=\"547\" referrerpolicy=\"no-referrer\"></p>\n<p>A subsidiary of Chinese electric vehicle maker&nbsp;<b>Nio Inc.</b>&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 1% higher in Monday’s trading at $43.35.</p>\n<p>Other&nbsp;EV&nbsp;stocks&nbsp;rally&nbsp;continue&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/dd4b80ed4d842e96ca95301c6bc62068\" tg-width=\"283\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><b>Tesla</b>-<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>.&nbsp;saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.</p>\n<p>Registrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from <a href=\"https://laohu8.com/S/CAAS\">China</a> Automotive <a href=\"https://laohu8.com/S/III\">Information</a> Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199229497","content_text":"(July 20) NIO Inc. was up over 2% in premarket trading. Days ago Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.\n\nA subsidiary of Chinese electric vehicle maker Nio Inc. has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 1% higher in Monday’s trading at $43.35.\nOther EV stocks rally continue in premarket trading.\nTesla-Tesla Motors. saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.\nRegistrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from China Automotive Information Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584877914143758","authorId":"3584877914143758","name":"gye","avatar":"https://static.tigerbbs.com/2034a34ea31d3f65d54e60604f382ed3","crmLevel":2,"crmLevelSwitch":0,"idStr":"3584877914143758","authorIdStr":"3584877914143758"},"content":"https://www.tigerbrokers.com.sg/activity/market/2021/singapore-national-day/*C4CGGU-index.html?feature=Banner&Page=Me&lang=en_US&skin=1&edition=fundamental&invite=C4CGGU&share=WhatsAPP#/ii","text":"https://www.tigerbrokers.com.sg/activity/market/2021/singapore-national-day/*C4CGGU-index.html?feature=Banner&Page=Me&lang=en_US&skin=1&edition=fundamental&invite=C4CGGU&share=WhatsAPP#/ii","html":"https://www.tigerbrokers.com.sg/activity/market/2021/singapore-national-day/*C4CGGU-index.html?feature=Banner&Page=Me&lang=en_US&skin=1&edition=fundamental&invite=C4CGGU&share=WhatsAPP#/ii"}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}