$NIO Inc (NIO.US)$ What the hell? ONVO will lose money until...
$NIO Inc (NIO.US)$ What the hell? ONVO will lose money until its monthly delivery reaches 20000, only after that will it start making a profit. Looks like NiO going to burn huge cash this year https://cnevpost.com/2024/05/16/onvo-will-contribute-positively-to-nio-pl-20000-monthly-sales/
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Lovely_Moo : Loss is a possibility, I think. I suspect Onvo preorder that is 3x the expected number, has not reached 20k number. Therefore there is not yet an official number released, though it is 3x the management's expectation.
TMW1986 : CEO said their margin per Onvo car is still positive, so cannot be losing any money producing Onvo. What he meant was if Onvo can sell 20,000 per month, Nio overall company can turn profit from then on. Let’s see if Onvo can really sell so good. And once Tesla market share start to fall, we will know Nio has won.
Lovely_Moo TMW1986: I would love it if this is what he means. He made quite an ambiguous statement there.
VIVEK SURANAOP TMW1986: No, your interpretation is wrong. The vehicle margin is positive, but the gross margin or net profit will be negative, and it will become positive once they achieve sufficient volume.
量子狄拉克 : why bother so much? look at the chart. it tells everything. up from bottom 3.8, sold at 5.9, already earned how many percent? didn't short it cos this stock is cheap. not much profit if shorting. now waiting for the signal to enter again. can accumulate small now. once it broke the consolidation n pull back does not enter the consolidation region, can add on. trading is to make money. not buying the company.
bullrider_21 : Of course Nio needs to sell a certain number of L60 to be profitable. Do you expect it to be profitable with only sales of 1000 L60?
ZnWC VIVEK SURANAOP: Nio is still making losses and net loss is getting worse.
BYD and Tesla are in profit. Nio and Xpeng are still making losses.
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