But let’s find out which is the better buy now. This story is the second of a two-part look at China’s electric vehicle market. ... this number is expected to increase substantially in 2020. NIO’s deliveries for the third quarter ended September 2020 indicates a 154.3% improvement year-over-year to 12,206 vehicles. So, relative to the index, it’s not doing too bad. It’s a long-term buy. The analyst predicted record deliveries not only for the third quarter but also the fourth. Nio's favorability with customers has been increasing, and this bodes well for the company, Deutsche Bank Securities analyst Edison Yu said in a recent note. Nio is a China-based rival to Tesla founded in November 2014 under the name NextCar, changing to its current name in July 2017. At last check, Tesla shares were trading down 6.51% to $418.97 and Nio was shedding 1.98% to $21.33. , perhaps even sooner. After all, it’s delivered huge returns for shareholders. Sequentially, Tesla's growth outdid that of its Chinese rivals. Will Ashworth has written about investments full-time since 2008. That conviction’s grown stronger by the year. Spiegel’s firm, Stanphyl Capital Partners, is short Tesla. Friday brought delivery numbers from EV pioneer Tesla Inc (NASDAQ: TSLA), and two of China's rising startups, Li Auto Inc. (NASDAQ: LI) and Nio Inc – ADR (NYSE: NIO). Through Sep. 11, Nio stock is down almost 6% on the month, compared to 4.6% for the S&P 500. It should also be noted that Tesla does not issue a geographic breakdown of delivery numbers. Tesla has become the most shorted stock in the world. Tesla Vs. Nio Vs. Li Auto: How Q3 Deliveries From Electric Automakers Stack Up. Copyright © 2020 InvestorPlace Media, LLC. InvestorPlace’s David Moadel recently suggested that Nio’s September correction provides investors with an opportunity to get onboard its next leg up into the $20s.

The author quoted S3 Partners managing partner Ihor Dusaniwsky, who described the Tesla short as “‘. On Sep. 3, Nio announced that its August deliveries were 3,965, 104.1% higher than in the same month a year earlier. Short-sellers made $7.1 billion in profits in the first four days of September trading. Nio, a Chinese automobile company that designs and manufactures premium electric vehicles, has seen its stock almost double year-to-date.
With the EC6 expected later this year (an excellent looking vehicle in my humble opinion), there’s no question it’s going to be an excellent alternative for Chinese buyers. 2020 InvestorPlace Media, LLC. So, relative to the index, it’s not doing too bad. Given that Tesla doesn't break down monthly figures, here's how each of these companies fared in the quarter. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada.

Tesla has become the most shorted stock in the world. Not likely. And, this could be a perfectly buy-able dip, not unlike the one that occurred in July.”. On Sep. 8, Benzinga reported that Tesla’s short interest was $24.3 billion, more than double Apple’s (NASDAQ:AAPL) short interest of $10.4 billion. Thus, NIO has an edge over TSLA here. For Nio, it has been an steady improvement. © 2020 Benzinga.com. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. He particularly enjoys creating model portfolios that stand the test of time. A daily collection of all things fintech, interesting developments and market updates. For most people, the year’s been miserable. Tesla sells globally, while Nio and Li's sales are confined to the Chinese market. All rights reserved.

“In spite of all this, the Nio stock price fell after the data [August deliveries] was released. Tesla's production stood at 145,036 units in the third quarter. That has investors climbing into Nikola Stock thinking it’s the next Tesla. Don't have a Benzinga account? Tesla investors would much rather be in Nio’s position halfway through the month. ... Tesla remains on track to hit its 500,000-vehicle delivery goal for 2020, Ives said. Nio’s momentum remains intact despite the September swoon. His hedge fund increased its short bet against the company after its second-quarter earnings call, he says, adding that “‘his conviction is stronger than ever.’”. When it comes to valuations, traditional metrics don't really apply to either company. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Everyone is focused on finding the next Tesla. The Chinese firm backed by … Tesla Vs. Nio Vs. Xpeng: A Look At The Chinese Electric Vehicle Market. With impressive track record and growth potential, both stocks are valued for money, given their impressive past performance and favorable analyst sentiment. We’ve got approximately three-and-a-half months left in 2020. You’ll get the name & ticker of Matt McCall’s top pick when you tune in to his FREE event. Copyright © 1125 N. Charles St, Baltimore, MD 21201. Pressured by factory shutdowns and the COVID-19 impact on consumers, Tesla's deliveries declined about 6.5% year-over-year in the second quarter. Nio Vs. Xpeng: A Look At The Chinese Electric Vehicle Market. The … https://www.financials.fyi/ - Tesla (TSLA) and NIO stock price, key stats, and financials comparison using charts. Nikola has a current market cap of $28 billion, yet has ZERO sales. Was this Nio’s fault in particular? (an excellent looking vehicle in my humble opinion), there’s no question it’s going to be an excellent alternative for Chinese buyers. Posted-In: electric vehicles EVsNews Tech Best of Benzinga, Thank you for subscribing! The company is going all-out to ride the Model 3 momentum, and it recently cut the price of the standard range and long-range versions of this model. “As we continue to improve the production capacity for all NIO products, our monthly capacity will reach 5,000 units in September to support our future deliveries.”. Obviously, Tesla has a much higher global brand recognition and is an established company with over $163B in market cap, while NIO sits at just about $4B market cap with incredibly shaky earnings, so I wouldn’t consider it a Tesla killer, but the Chinese company is sure ambitious and their efforts were evident during their earnings call on May 28, 2020, which showed that despite the damages of the … The most logical explanation is that Tesla shares were pulling back after that company’s five-for-one stock split,” Moadel wrote on Sep. 10. NIO vs Nikola. So, investors shouldn’t conclude that there’s something wrong with Nio. However, comparing NIO to Nikola and it’s easy to see that NIO might be the better play.


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