I’m gonna hold strong. I did say I’d give it 6 years but I’m nearly 3 years in now and showing nothing but -
Give it time. 5 or more. Theirs latest car $70,000. So, it’s not going to fly off the shelves for low/mid income folk. Still only for rich
A little over a month lster and my minus 50% is now minus 80%
hahaha! Sorry, but this made me chuckle but hold strong laddie all will be good
Loving your optimism, my last buy was $24
I’d love to buy more but I’m wondering if will go lower or even eventually climb
I started buyng at $5, i remember when it hit $68 i thought should i take a profit when it gets to $70, sadly that was never a option. I sold half when it hit $25 as i needed the cash and have been slowly buying more since then. Nio is a good company, European expansion seems to be going well, the big problem is they are Chinese and that brings other things into the mix. I am tempted to buy more as there is a good chance you could double your money fairly quickly but just a bit to scared at the moment. This guy is very good on YT with info on Nio and other Chinese stocks.
Results out. Half a billion quarterly loss is alarming even with $7b in cash. 50% increase in SGA makes more sense in the context of EU expansion than a whopping 150% increase in R&D.
On the plus side guidance is very strong.
Half a year on and much weaker guidance. Vehicle margin collapsed to 5%.
Q2 sales guided at 10-15% down YoY.
A very ugly report. The company is clearly struggling to grow deliveries amid an uncertain macro picture in China. That might explain why it’s decided to invest in a fusion startup and launch a smartphone amid huge losses.
Any suggestions as to why Nio has changed from NIO to NIO ADR?
American Depositary Receipts (“ADRs”). An ADR is a security that represents shares of non-U.S. companies that are held by a U.S. depositary bank outside the United States (“U.S.”).
I notice Nokia have done it as well.
Hasn’t it always been nio ADR? Tho
No, it was just NIO. It was just an observation so don’t think it really makes any difference in the long run. I hope
It’s always been an ADR just been added to the title on Freetrade
My shares are in the gutter
Second that, that was the case for xpev but managed to make smidge of profit in end so hopefully same for this
I always found the idea of swappable batteries nice but largely needless and logistically complicated. Not to mention the huge amount of capital required for the batteries, swapping stations & batteries serving. All that on cars with a 5% profit margin.
Sleeping giant