carsales
The Chinese electric car company saw sales rise 116.1 percent from the previous year. Q1 2021 hedge fund letters, conferences and more NIO's Record SalesThis is the first time the company has delivered more than 8,000 vehicles in a single month, up 20.4 percent compared with May, data released by the company on Thursday showed. NIO Inc (NYSE:NIO) delivered 21,896 vehicles in the second quarter, up 111.9 percent year-on-year and marking five consecutive quarters of positive growth. That was close to the upper end of the company's previous guidance for the second quarter. NIO delivered 41,956 un...
ValueWalk
Here’s a pop quiz for you: In what year did Tesla shoot up nearly 4X, as shown in this chart?Q3 2020 hedge fund letters, conferences and moreI know, it looks like Covid’s meteoric rally, but the correct answer is 2013.A year after Tesla rolled out its first electric sedan, Tesla S, its stock soared 360%. But investors quickly realized Tesla was way ahead of its time and gave out. For the next six years, Tesla stock went nowhere.It appears that investors are again putting Tesla in a similar situation. They’ve bid up the stock to a price that suggests it will sell more cars than is even theoreti...
ValueWalk
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