NIO: This Stock Doesn't Move! I KNOW WHY!
NIO: This Stock Doesn't Move! I KNOW WHY!
CITIC Securities raises NIO price target from $45 to $51, maintaining a Buy rating, in a research report released today, saying it is bullish on the company's investment value in the electric vehicle (EV) space.
They said "We are bullish on the company's competitive advantage and investment value in the electric smart vehicle space, with strong certainty of their long-term growth,"
The company will continue to benefit from its premium service, NAD smart driving solution, BaaS battery rental and fast battery swap business model as EV penetration rises and the market space for luxury models opens up further in the future, the team said.
NIO has the highest win rate in building a premium brand and a solid position among local premium brands, the team said,
The team expects NIO's revenue to reach 10.4 billion in 2022, up from its previous forecast of 9.3 billion.
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Lucid reported its first quarterly financial results as a public company.
The electric vehicle start-up announced a notable increase in vehicle reservations and confirmed its production target for next year, while reporting a net loss of $524.4 million in the third quarter.
Lucid, which went public via a SPAC deal in July, reported it has lost $1.5 billion through the first nine months of the year.
The company on Monday said it has more than 17,000 reservations for its Air sedan, up from 13,000 through the third quarter. The reservations through September represented an order book of $1.3 billion
Lucid also confirmed its 20,000 vehicle production target for next year, but said hurdles remain for achieving those plans.
CEO said “We remain confident in our ability to achieve 20,000 units in 2022,” “This target is not without risk given ongoing challenges facing the automotive industry, with global disruptions to supply chains and logistics.”
Rawlinson said the automaker was taking steps to mitigate supply chain hurdles and still planned to launch less expensive versions of Lucid Air through 2022.
The automaker’s revenue in the third quarter was $232,000 largely from a battery deal with the Formula E electric racing league
Nio stock is one of the fastest-growing EV stocks in the market today. In this video we talked about all things nio stock. Nio continues to beat all of their expectations especially with Tesla stock being a huge competitor. We talked about Tesla vs nio and which company is better to buy right now. Nio could be one of the stocks to buy now in the stock market that will show you potential growth. Nio stock is on the track to massive growth with Europe expansion, battery swap stations, and more. Nio is one of our favorite stocks and we talked about nio stock all the time on this channel.
Nio vs. Tesla is one question we get a lot on this channel. In our videos we tried to give all of the Nio stock information to keep you guys up to date on all things Nio stock and stock market related news.
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