To The Moon

Earnings Calendar (05Jun2023) - can NIO beat the expectations?

Earnings for the coming week starting 05 June 2023

As the earnings season reaches the end, there are a few companies of personal interest for this week’s earnings namely, Gamestop (one of the Meme stocks), Docusign and NIO.

Summary of NIO (provided by Google Bard)

Here is a summary of the earnings for NIO for the last 5 years:

• 2022: NIO reported a net loss of $1.2 billion in 2022, compared to a net loss of $4.9 billion in 2021. The company's revenue increased by 103% year-over-year to $10.2 billion.

• 2021: NIO reported a net loss of $4.9 billion in 2021, compared to a net loss of $1.8 billion in 2020. The company's revenue increased by 100% year-over-year to $5.7 billion.

• 2020: NIO reported a net loss of $1.8 billion in 2020, compared to a net loss of $1.4 billion in 2019. The company's revenue increased by 146% year-over-year to $2.8 billion.

• 2019: NIO reported a net loss of $1.4 billion in 2019, compared to a net loss of $1.1 billion in 2018. The company's revenue increased by 265% year-over-year to $1.4 billion.

• 2018: NIO reported a net loss of $1.1 billion in 2018, compared to a net loss of $1.2 billion in 2017. The company's revenue increased by 1,073% year-over-year to $1.1 billion.

NIO's earnings have been volatile in recent years, but the company has shown strong revenue growth. NIO is one of the leading electric vehicle companies in China, and it has the potential to be a major player in the global EV market.

Here are some of the factors that have contributed to NIO's growth:

• The growth of the Chinese electric vehicle market: The Chinese government has been promoting the use of electric vehicles, and this has led to a surge in demand for EVs in China.

• NIO's strong product lineup: NIO has a strong product lineup, which includes the ES8, ES6, and EC6. These vehicles have been well-received by consumers, and they have helped NIO to gain market share.

• NIO's strong brand: NIO has a strong brand, and it is seen as a premium EV brand in China. This has helped NIO to command higher prices for its vehicles.

NIO faces a number of challenges, including:

• The competition from other EV companies: There are a number of other EV companies in China, and they are all vying for market share.

• The cost of production: The cost of producing EVs is still high, and this could put pressure on NIO's margins.

• The global chip shortage: The global chip shortage has affected the automotive industry, and this could impact NIO's production.

Overall, NIO is a growth company with a bright future. The company has a strong product lineup, a strong brand, and a growing market. However, NIO faces a number of challenges, including competition from other EV companies, the cost of production, and the global chip shortage.

My muse about NIO

For the coming earnings, the market (investing) has a forecast of -2.63 and 11.93B for NIO’s EPS and revenue respectively. From the current trend, NIO continues to make a loss despite increased revenue. Could it be they have yet to reach critical mass or they are unable to bring their costs under control?

Personally, I have sold off my positions in NIO and have directed my investments into Tesla and BYD. Personally, I prefer to consider investing again after the company manages to break even. For now, I have concerns about the increased net income losses that they have incurred.

@TigerStars

$NIO Inc.(NIO)$

$GameStop(GME)$