Date | Price Target | Rating | Analyst |
---|---|---|---|
5/15/2024 | $4.80 → $5.40 | Underweight → Neutral | JP Morgan |
4/15/2024 | $5.00 | Neutral | Macquarie |
4/2/2024 | $4.00 | Equal Weight → Underweight | Barclays |
3/25/2024 | $5.50 | Buy → Neutral | Mizuho |
3/6/2024 | $6.00 | Buy → Outperform | CLSA |
2/23/2024 | $8.50 → $5.00 | Neutral → Underweight | JP Morgan |
1/9/2024 | Buy → Neutral | BofA Securities | |
1/3/2024 | Neutral | Goldman |
On Tuesday after market close, Tesla Inc (NASDAQ:TSLA) reported its second quarter results, missing earnings expectations. Upon the disappointing results, Tesla shares fell more than 8% during premarket trading on Wednesday, pulling down the shares of its rivals, Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), BYD Company Limited (OTC:BYDDY), Nio Inc (NYSE:NIO) and XPeng Inc (NYSE:XPEV). Second Quarter Highlights For the quarter that ended on June 30th, Tesla reported its automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines and first-ever consecutive quarters of declining sales volume. Tesla responded to slowin
NIO Inc. (NYSE:NIO) shares are trading lower in the premarket session on Wednesday. The negative price movement of NIO follows EV behemoth Tesla, Inc. (NASDAQ:TSLA), which fell sharply in premarket trading, with the pullback coming after the company reported its second-quarter results. Tesla reported second-quarter earnings per share that trailed expectations. The company expects vehicle production to be sequentially higher in the third quarter but 2024 vehicle growth to be slower than in 2023. In another development, NIO, the EV behemoth’s Chinese electric vehicle rival, is gearing up to introduce NOMI GPT. This virtual AI-powered voice assistant will debut on NIO’s second-generati
NIO delivered 20,176 vehicles in August 2024NIO delivered 128,100 vehicles year-to-date in 2024, increasing by 35.8% year-over-year Cumulative deliveries of NIO vehicles reached 577,694 as of August 31, 2024 SHANGHAI, Sept. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the global smart electric vehicle market, today announced its August 2024 delivery results. NIO delivered 20,176 vehicles in August 2024. The deliveries consisted of 11,923 premium smart electric SUVs, and 8,253 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 577,694 as of August 31, 2024. About NIO Inc. NI
SHANGHAI, Aug. 22, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter 2024 on Thursday, September 5, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 5, 2024 (8:00 PM Beijing/Hong Kong/Singapore Time on September 5, 2024). A live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.nio.com/news-events/events. For p
NIO delivered 20,498 vehicles in July 2024NIO delivered 107,924 vehicles year-to-date in 2024, increasing by 43.9% year-over-year Cumulative deliveries of NIO vehicles reached 557,518 as of July 31, 2024 SHANGHAI, Aug. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its July 2024 delivery results. NIO delivered 20,498 vehicles in July 2024. The deliveries consisted of 11,964 premium smart electric SUVs, and 8,534 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 557,518 as of July 31, 2024. On July 27, 2024, NIO hoste
SHANGHAI, Aug. 22, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter 2024 on Thursday, September 5, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 5, 2024 (8:00 PM Beijing/Hong Kong/Singapore Time on September 5, 2024). A live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.nio.com/news-events/events. For p
SHANGHAI, June 06, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Vehicle deliveries were 30,053 in the first quarter of 2024, consisting of 17,809 premium smart electric SUVs and 12,244 premium smart electric sedans, representing a decrease of 3.2% from the first quarter of 2023, and a decrease of 39.9% from the fourth quarter of 2023. Key Operating Results 2024 Q12023 Q42023 Q32023 Q2Deliveries30,05350,04555,43223,520
SHANGHAI, China, May 22, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it will report its unaudited financial results for the first quarter 2024 on Thursday, June 6, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 6, 2024 (8:00 PM Beijing/Hong Kong/Singapore Time on June 6, 2024). A live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.nio.com/news-events/events. For participant
NIO delivered 10,055 vehicles in January 2024, increasing by 18.2% year-over-yearCumulative deliveries of NIO vehicles reached 459,649 as of January 31, 2024 SHANGHAI, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its January 2024 delivery results. NIO delivered 10,055 vehicles in January 2024, increasing by 18.2% year-over-year. The deliveries consisted of 6,307 premium smart electric SUVs, and 3,748 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 459,649 as of January 31, 2024. NIO has opened up its
SHANGHAI, China, Nov. 13, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that Professor Yonggang Wen has been appointed as a new independent director to the Company's board of directors (the "Board"), effective November 13, 2023. "We are delighted to welcome Professor Wen to the Board of NIO. With his outstanding academic background, combined with his expertise in cloud computing and computational sustainability, and passion for innovative technologies, Professor Wen brings unique perspectives to the Board," said William Bin Li, chairman of the Boar
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Canadian car makers breathed a sigh of relief last week when US lawmakers decided to scrap part of a large incentive package for electric vehicles (EVs) that originally excluded EVs assembled in Canada from a proposed $7,500 US consumer tax credit for "clean vehicles." The credit, which includes battery-electric, plug-in hybrids and hydrogen fuel cell, is part of a $369 billion proposed new spending on climate-related initiatives included in the Inflation Reduction Act. US Senators Chuck Schumer and Joe Manchin, both Democrats, reached an agreement late Wednesday to include the credit and a ran
JP Morgan upgraded NIO from Underweight to Neutral and set a new price target of $5.40 from $4.80 previously
Macquarie resumed coverage of NIO with a rating of Neutral and set a new price target of $5.00
Barclays downgraded NIO from Equal Weight to Underweight and set a new price target of $4.00
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