Nio's Annual Loss widen post Net Loss US$2.9 billion in 2023
$NIO Inc(NIO.US$ $Tesla(TSLA.US$ $XPeng(XPEV.US$ $BYD COMPANY(01211.HK$ The article reported that Nio Inc’s annual loss widened last year as the Chinese electric-vehicle maker faced fierce competition in the world’s biggest EV market. The Shanghai-based company’s net loss of 5.4 billion yuan in the fourth quarter brought its annual deficit to 20.7 billion yuan (US$2.9 billion), according to a statement Tuesday.
Based on another article, Nio free cash flow in the last quarter is not looking good and is estimated to be near negative $1 billion.
Comment: I'll not go into detail of Nio Q4 financial performance. You can go into detail using the links below. I can understand why retail investors are concerned that the company may go 'bankrupt'. Negative Free cash flow or FCF and annual net loss widening are evidence that Nio may run out of cash in the next 2 years. It may prompt the CEO selling convertible bonds (again) to raise more fund and dilute the share further.
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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ZnWCOP : Nio share price hit 4.78 USD 52wk low yesterday after earnings as forecasted by JP Morgan.
Nio’s stock dives after JP Morgan slash target price by more than 40% to 5 USD
https://www.moomoo.com/community/feed/111996568010758?share_code=00KT8l
103027647 : shortist repel by buyer at 4.78 mgmt buy 4.86
want buy more 4.80 but difficult as go up very fast .JP Morgan and shortist all repelled as many buyer below 5 .nio got 8 billion cash still healthy. shortlist all got burn yesterday.
ZnWCOP 103027647: Despite yesterday's gain, Nio stock is still -39.58% YTD; share price broke several low records:
NIO Down Nine Consecutive Days, Longest Losing Streak Since March 2020
https://www.moomoo.com/community/feed/111783585579014?share_code=00FQlO
103027647 : yesterday shortist sell at high volume. when market open .but only for five min then push back to 5.40 by big player for them to buy back suffer heavy losses .so fail short yesterday .think rock bottom already .cash as asset more than market cap that why big playee buy in
103027647 : losses doesnt mean cash burn to thin air some use to buy jac assets or convert to patent rights.that why all china automobile company need partner with nio for swapping will be long-term recurring earnings .many not value in nio price .also sell electric back to the grid .will be mega earning for nio .that why state grid all partner with nio not other company .because rnd Also convert to patent not can infringe easily.
ZnWCOP 103027647: What you said is based on opinion. There are no data to show that BS reduce net loss, in fact it is widening.
Why major Automakers Aren't Even Considering Battery Swapping For EVs
https://www.moomoo.com/community/feed/111777553448966?share_code=00GAQf
ZnWCOP 103027647: You are repeating yourself. If there is buyer, the stock value won't be negative 40.31% YoY.
103027647 : old story again .nio already build public swap station with major china automobile and state govt also invest .those BMW etc will lose out as most pple will use swap faster .fast charger state cannot support .so got spec but limited by grid
ZnWCOP 103027647: Your comment is based on opinion. Facts are always relevant.
China promote NEV charging as the major infrastructure over battery swap
https://www.moomoo.com/community/feed/112036047552518?share_code=00KXHZ
103027647 : can grid support so many fast charging .that why they need nio to sell energy back to grid if power shortages occur .so fast charging is limited if grid face shortage in energy.more n more car will electric and eat up all grid energy
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