$NIO Inc.(NIO)$
"Tesla reported the cost of goods sold per vehicle hit a historic low of $35,100. That was another big contributor to the gross margin and earnings beats."
If the cost of goods is going down for Tesla, it's almost certainly going down for Nio. I think Nio could come close to a 15% vehicle margin in Q3 (up from 12.2% in Q2). Given the rapid increase in how many vehicles Nio is delivering, the combination of the rapid growth in revenue combined with rapid margin improvement could well send Nio's stock soaring after the company reports earnings and probably also in the lead-up to earnings.
Great news for Nio on all fronts!
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