To The Moon

$NIO Inc.(NIO)$

> NIO had a Q4/22 loss that was much wider than expected and a guidance for Q1/23 which is well below what Wall Street had expected.

• NIO reported a Q4/22 loss of 51cts a share on revenue of $2.33bn, versus Wall Street expectation for a loss of 26cts a share and $2.5bn in sales.

• Q4/22 results also fell short in comparison with the loss of 36cts a share and sales of $1.8bn in Q3/22.

• For Q1/23, NIO expects to deliver between 31,000-33,000 vehicles. It has delivered 20,663 vehicles in January and February, leaving some 11,000-12,000 vehicles to be delivered in March. That’s a huge disappointment as NIO delivered more than 40,000 vehicles in Q4/22.

• What’s more, NIO said it expects to generate only about $1.6bn in sales for Q1/23 which is well short of Wall Street expectation for $2.5bn.

In contrast, Li Auto a rival of NIO, reported its Q4/22 numbers on Monday. Its guidance for Q1/23 deliveries came in at 52,000-55,000 deliveries, up from the 46,319 vehicles delivered in Q4/22.

If this is not looking bad enough for NIO, what is.