EV headwinds could cause Nio stock to fall another 40% from current levels
$NIO Inc(NIO.US$ $Tesla(TSLA.US$ $XPeng(XPEV.US$ $BYD COMPANY(01211.HK$ Nio stock price fell 6% today to below 6 USD again. The article explained why the share could fall another 40% as more trouble looms.
Nio Profitability’s Unlikely
This speculation was not just from your average joe and everyday retail investor, but from notable financial institutions. The hopes and dreams ended with the economic downfall. Over the last several years, investors have continued to bet on Nio stock becoming the next Tesla. Some tooted their superior build quality, while others tooted their supposed game changing battery swapping technology. While these all sound great on paper, it has not led to any material progress in terms of profitability. The company continues to post staggering operating losses, and has no concrete plan towards profitability.
Take years before Nio can reach GAAP profitability
Additionally, EV headwinds in 2024 could cause the stock to fall another 40% from current levels. The global EV market is already facing enough challenges in 2024, and NIO stock continues to face steep competition. EV demand in China is slowing, taking market share from players like BYD. Nio continues to lose money, and its path forward looks very uncertain. In fact, it may take years before the company can reach GAAP profitability. The margin between Nio and its competitors is getting wider, and they may not be able to catch up. Hope never is a sound investment strategy, and investors should move onto greener pastures.
Additionally, EV headwinds in 2024 could cause the stock to fall another 40% from current levels. The global EV market is already facing enough challenges in 2024, and NIO stock continues to face steep competition. EV demand in China is slowing, taking market share from players like BYD. Nio continues to lose money, and its path forward looks very uncertain. In fact, it may take years before the company can reach GAAP profitability. The margin between Nio and its competitors is getting wider, and they may not be able to catch up. Hope never is a sound investment strategy, and investors should move onto greener pastures.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Givememymoney : Wow what a prediction.
Teck Wang Pang PaPa : https://www.cnbc.com/2024/02/13/teslas-board-silent-since-elon-musks-56-billion-pay-package-revoked.html
102332870 : When u see articles from Investor Place, u know it is going to bash Nio.
103027647 : written by shortist.sub brand will sell 50-60k next year plus premium model 70-80k a month just buy cheap n hold .could reach 20 by next year .nio sub brand will be model y with swap .
ZnWCOP Teck Wang Pang PaPa: Consistent comment about Nio by another analyst.
Relentless decline of Nio stock could continue - assign the stock a "D" grade
https://www.moomoo.com/community/feed/111893206794246?share_code=00HQOl
ZnWCOP 102332870: Same comment given by another analyst about Nio.
Why Nio share price plunging to 52-weeks low of $5.86
https://www.moomoo.com/community/feed/111798911500294?share_code=00Geh3
ZnWCOP 103027647: Some tooted their superior build quality, while others tooted their supposed game changing battery swapping technology. While these all sound great on paper, it has not led to any material progress in terms of profitability. The company continues to post staggering operating losses, and has no concrete plan towards profitability.
Relentless decline of Nio stock could continue - assign the stock a "D" grade
https://www.moomoo.com/community/feed/111893206794246?share_code=00HQOl
28282828 102332870: More like if you see from ZnWC it’s going to bash Nio.
ZnWCOP 28282828: I just reported what professional analysts wrote about Nio which is backed by data. Your comment about Nio rebounding didn't happen for months; share price fell 44% one year ago.