NIO Inc. (NIO) Misses Q2 EPS by RMB0.52, Revenues Beat
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September 9, 2022 6:18 AM EDT
Citic Securities analyst Yin Xinchi reiterated a Buy rating and $23.00 price target on NIO (NYSE: NIO).
The analyst comments "In the short term, the start of the new model cycle drives sales growth. ET plans to start delivery in May, and is expected to become a hit. In the... More
September 8, 2022 8:02 AM EDT
Tesla (NASDAQ: TSLA) reported their Chinese sales numbers for August selling 76,965 Chinese-made vehicles. According to Reuters, the company nearly tripled its sales from a month ago when scheduled upgrades disrupted most production.
The China Passenger Car Association (CPCA) said the electric carmaker exported 42,463 Model 3s and Model Ys from China last month. In July, it sold 28,217 vehicles and exported... More
September 7, 2022 12:59 PM EDT
Mizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $42.00 (from $48.00) while maintaining a Buy rating following results.
Lower SepQ from RMB 14.2B/(0.83) to RMB 13.2B/(1.28), F22E from RMB 54.7B/(3.38) to RMB 55B/(4.05), and F23E... More
September 7, 2022 12:33 PM EDT
US Tiger Securities analyst Bo Pei lowered the price target on NIO (NYSE: NIO) to $32.00 (from $35.00) while maintaining a Buy rating following earnings.
The analyst commented, "We are maintaining our BUY rating and decreasing PT to $32 (was $35) after NIO reported largely in line 2Q results, with 3Q guidance below consensus due to external factors but expects 4Q volume to rebound nicely. With 2Q... More
