Nio's (NIO) Sales Surged 127% in Q2, Working on a New Mass-market Brand to Take on Tesla (TSLA), Volkswagen (VWAGY), and Toyota (TM), Analyst Lowers PT on Conservative Guidance

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Tesla (TSLA) Announces First Shanghai-made Model Y Shipped to Europe

August 16, 2021 1:06 PM EDT

Tesla Inc. (NASDAQ: TSLA) announced Monday that, for the first time, the companys China operation has begun shipping the Model Y to Europe. The statement released by the company disclosed the Gigafactory 3 in the Lingang free-trade zone shipped 8,210 Model Ys to Europe... More

U.S. Investigating Safety Following Tesla (TSLA) Autopilot Crashes

August 16, 2021 9:35 AM EDT

U.S. auto safety regulators released documents Monday that show they have opened a formal safety probe into Tesla Inc's (NASDAQ: Tesla (NASDAQ: TSLA) driver assistance system Autopilot after a series of crashes. The investigation covers an estimated 765,000 Tesla Model Y, X, S and 3... More

Citi Reiterates Buy Rating on NIO (NIO) Despite ASPs Falling

August 12, 2021 5:57 AM EDT

Citi analyst, Jeff Chung reiterated a Buy rating and $72.00 price target on NIO (NYSE: NIO) after the company announced 2Q21 vehicle GPM slightly fell for two main reasons:

1) average selling price fell by Rmb 8k per vehicle with more ES6... More

NIO Inc. (NIO) Tops Q2 EPS by 8c, Offers Q3 Guidance

August 11, 2021 5:32 PM EDT

NIO Inc. (NYSE: NIO) reported Q2 EPS of ($0.03), $0.08 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.28 billion.

Deliveries of vehicles were 21,896 in the second quarter of 2021, including 4,433 ES8s, 9,935 ES6s and... More