Nio performed as I expected, keeping costs in check in 3rd Quarter and beating expectations. When you remove the cost incurred for the repurchase of the minority equity position and stock based compensation, we are left with a $.06/share loss, beating expectations by $.03 or 33%.
The team is executing a well laid out plan by Bin Li, to a tee. All of the moves, including the line shutdowns for upgrades and production expansion were very well thought out. He coincided it with the Chinese holidays, limiting the production downtime and production losses, from what it could of and most likely, would have been.
Patience is key with Nio. Please remember that they have always under promised and over performed. Mr. Li is conducting his team seamlessly through all of the convoluted aspects for running a very fast growing multi-billion dollar global organization. Don’t sweat the short term volatility and noise, it will all pass by 2 Quarter 2022 ER, with IMO, the Share Price at a minimum of $100/share.
ENJOY THE RIDE!!
精彩评论