EV maker Nio is often called China’s Tesla. (Nio) Nio ( NIO ) reports earnings for the fourth quarter early Wednesday, and losses are expected to mount after the Chinese premium EV startup missed its Q4 delivery target. Nio stock edged lower Tuesday, extending big recent losses. More than Nio earnings, outlook will be key. Investors are looking for a recovery in EV deliveries following the seasonally weak current quarter, as production headwinds ease. After Tesla ( TSLA ) price cuts in China, some analysts warn that EV demand could weaken for the U.S.-listed Chinese EV startups, especially Nio and XPeng ( XPEV ). Both have cut EV prices after Tesla’s cuts. Nio Earnings Estimates : Analysts polled by FactSet expect Nio to widen losses to 26 cents per ADR share from 17 cents a year ago. Revenue is seen jumping 58%, year over year, to $2.462 billion. This would mark Nio’s first $2 billion revenue quarter. It first topped $1 billion in Q4 2020. The startup, sometimes called China’s Tesla, has already disclosed Q4 2022 deliveries of 40,052 electric vehicles . That was well off initial guidance of 43,000-48,000 EVs, due to Covid-fueled supply disruptions and operational issues. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
