$NIO Inc (NIO.US)$ 2900, a disappointment 😔. CEO gotta find...
$NIO Inc(NIO.US$ 2900, a disappointment 😔. CEO gotta find out why, Nio didn't sell more, is it because of prices, buyers worry about affordability as they may lose jobs so better buy a cheaper car to tie over difficult times?
Salesmen are not well trained and cannot answer all those technical questions and buyers lose confidence and worry about buying the wrong car?
or salesmen are aggressive and keep pushing buyers to buy a higher margin that buyers are afraid to commit due to salesmen needing to hit a certain quota set by management?
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Lose Till Pant Drop : Gone case already la, as nio stock owner, I feel sad nio is doing so poorly. No hope on getting my money back anytime soon. Seems to be demand problem, just no interest or demand for their cars anymore
sgmic66 :
103027647 : many non famous car brand use Huawei tech can be top seller .they dnt have to burn massive cash in rnd .nio burn billion in rnd but now cannot fight all this low brand company as they using superior Huawei tech n sell cheap .if CEO still dreaming ,all small competitors will eat nio lunch. n left bone for nio .it a matte of time nio need cut cost else left with peanut sale n bankrupt.ceo only talk big go USA .if china cannot sell enough can bankrupt nio
VIVEK SURANA : Instead of finding out CEO should know the reality. If CEO doesn't have the idea about what is happening with buisness then the company is doomed. Looking at the projection (30k pm) given by management in last earning call, it seem like either CEO is a big lier or he literally doesn't have any idea about the business.
Teck Wang Pang PaPaOP : I still think Nio has good potential they gotta come out with good execution.
103027647 : nio model can't sell because price out by cheaper competitor .and nio can't cut price low enough to attract sale as need pay billion I rental to nio house and swap station .so left with declining sale but cannot cut . ultimate scenario is bankrupt like wei ma .by built swap na dnio house already nail nio to coffin
Teck Wang Pang PaPaOP : we don't know how much the rental costs and does it have some special agreement etc.. Looking at the sales numbers I think it is more of pricing and salesman knowledge experience.
102095561 Teck Wang Pang PaPaOP: consumer not stupid they go for value for money category to buy .saleman. can't bluff them to pay higher money .many cheaper brand are good enough ,consumer no need swap or nio house .CEO living in fantasy Salemen cannot save him.best to produce erev or cheaper model .this market go saturated with many player .nio can be another wei ma when cash dry .Abu not stupid keep feeding nio as can see cash burn unable to sustain with low sales
tuziya55555 : Losses of 30 billion dollars plus government subsidies, only 2,900
SgDavidC : US doesn't like China, always creating barriers to China company and many of their citizens anti China, I wonder why nio CEO still obsess of entering US market thinking that their business will glow there...
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