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Citic Out Positive on NIO (NIO), 'The current sales range of NIO in the coming year is close to Tesla in 2016-2018', Stays Buy Rated

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

Tesla (TSLA) Reports Strong August Sales Numbers in China

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