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Cr3ati0n
2022-06-10

NIO Stock Alert: 8 Things for Nio Investors to Know Today as Shares Slide Lower

Nio(NIO)stock is down 7.65% today following disappointing earnings.The company reported lower gross

NIO Stock Alert: 8 Things for Nio Investors to Know Today as Shares Slide Lower

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The poor results citied ongoing Covid-19 lockdowns and deteriorating macroeconomic conditions globally as contributing factors. That news has further depressed NIO stock, extending its year-to-date decline to more than 40%. Here’s what investors need to known as Nio’s share price falls lower today.</p><p><b>NIO Stock Highlights</b></p><p>1. Nio lost $281.2 million in this year’s first quarter, much wider than the $68.8 million it lost a year ago. The company blamed the loss China’s recent Covid-related shutdowns, particularly in Shanghai where the company is based.</p><p>2. The EV maker reported Q1 revenue of $1.56 billion, which was up 24% from the first quarter of 2021. However, Nio also reported a loss per share for the quarter of 13 cents versus 4 cents a year earlier.</p><p>3. Perhaps worst of all, Nio said that its gross margin in the first quarter fell to 14.6%, compared to 19.5% a year earlier and 17.2% in the fourth quarter of last year. The company said that rising commodity costs continue to squeeze its margins.</p><p>4. At the end of March this year, Nio said it had $8.4 billion of cash on hand, down only slightly from $8.7 billion as of the end of 2021.</p><p>5. Apart from its Q1 print, Nio also announced that its new manufacturing plant, its second in China, has begun pre-production builds of its ET5 electric sedan which is due to hit showrooms in September this year.</p><p>6. Nio also confirmed the launch of its new upscale, five-passenger SUV, called the ES7, with deliveries slated to start this August.</p><p>7. In terms of deliveries, Nio said it delivered 25,768 vehicles in the first quarter, up from 20,060 a year ago.</p><p>8. Nio also reaffirmed that its second-quarter deliveries are on track to reach between 23,000 and 25,000 vehicles. However, the company cautioned that Covid-19 shutdowns and supply-chain issues restricted its production capacity and deliveries in April and May to just over 12,000 vehicles.</p></body></html>","source":"lsy1606302653667","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 Stock Alert: 8 Things for Nio Investors to Know Today as Shares Slide Lower</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 Stock Alert: 8 Things for Nio Investors to Know Today as Shares Slide Lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-10 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/nio-stock-alert-8-things-for-nio-investors-to-know-today-as-shares-slide-lower/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio(NIO)stock is down 7.65% today following disappointing earnings.The company reported lower gross margins that are raising eye brows on Wall Street.Going forward, Nio said it is on track to open a ...</p>\n\n<a href=\"https://investorplace.com/2022/06/nio-stock-alert-8-things-for-nio-investors-to-know-today-as-shares-slide-lower/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://investorplace.com/2022/06/nio-stock-alert-8-things-for-nio-investors-to-know-today-as-shares-slide-lower/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132195884","content_text":"Nio(NIO)stock is down 7.65% today following disappointing earnings.The company reported lower gross margins that are raising eye brows on Wall Street.Going forward, Nio said it is on track to open a new production plant and launch two new electric vehicles this year.Nio(NYSE:NIO) stock is down 7.65% today on news that the Chinese electric vehicle maker reported disappointing earnings and provided weak forward guidance.Nio, which is a leader in China’s domestic automotive industry and viewed as a main rival to global electric vehicle leader Tesla(NASDAQ:TSLA) reported first-quarter results that missed Wall Street expectations and provided a downbeat outlook. The poor results citied ongoing Covid-19 lockdowns and deteriorating macroeconomic conditions globally as contributing factors. That news has further depressed NIO stock, extending its year-to-date decline to more than 40%. Here’s what investors need to known as Nio’s share price falls lower today.NIO Stock Highlights1. Nio lost $281.2 million in this year’s first quarter, much wider than the $68.8 million it lost a year ago. The company blamed the loss China’s recent Covid-related shutdowns, particularly in Shanghai where the company is based.2. The EV maker reported Q1 revenue of $1.56 billion, which was up 24% from the first quarter of 2021. However, Nio also reported a loss per share for the quarter of 13 cents versus 4 cents a year earlier.3. Perhaps worst of all, Nio said that its gross margin in the first quarter fell to 14.6%, compared to 19.5% a year earlier and 17.2% in the fourth quarter of last year. The company said that rising commodity costs continue to squeeze its margins.4. At the end of March this year, Nio said it had $8.4 billion of cash on hand, down only slightly from $8.7 billion as of the end of 2021.5. Apart from its Q1 print, Nio also announced that its new manufacturing plant, its second in China, has begun pre-production builds of its ET5 electric sedan which is due to hit showrooms in September this year.6. Nio also confirmed the launch of its new upscale, five-passenger SUV, called the ES7, with deliveries slated to start this August.7. In terms of deliveries, Nio said it delivered 25,768 vehicles in the first quarter, up from 20,060 a year ago.8. Nio also reaffirmed that its second-quarter deliveries are on track to reach between 23,000 and 25,000 vehicles. However, the company cautioned that Covid-19 shutdowns and supply-chain issues restricted its production capacity and deliveries in April and May to just over 12,000 vehicles.","news_type":1},"isVote":1,"tweetType":1,"viewCount":240,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}