Has NIO outpaced Tesla sales in China?
For Tesla, the first week of October wasn’t good. Their sales were down 86% week-on-week, and they sold only about 1,000 vehicles in China.
Nio was pretty strong in the last week of September (W39) and the week before (W38), as they sold 4,400 and 4,000 vehicles, respectively. But during the holiday, their sales dropped 70% to 1,300 units.
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VIVEK SURANA : Not only Tesla ...they outpaced everyone in cash burn competition, losing 35k per car :D
103027647 : need to wait till alphs launch .can sell 50k a month.imagine budget car with swap service .and huge fee collect for swapping.nio building swap whole of china for this move .
no longer painful wait for extended range car like li auto at charging station
103027647 : at moment will be attack by short sellers just buy cheap wait for alphs launch and nio will sell like hot cake .pple will prefer buy nio alphs than li auto rather than queve for hour and fight over charging station.
VIVEK SURANA 103027647: waiting for Alps? already given up on NiO?
ZnWC VIVEK SURANA: China’s EV threat: NIO loses $35,000 for each car sold
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