• 140
  • 19
  • 收藏

3 Reasons Why Nio Is Rebounding From 6-Session Losing Streak

Benzinga2021-08-19

Nio, Inc. shares gained ground Wednesday, reversing course from the declines seen in the previous six sessions.

Earnings, Fatal Crash Pressure Nio Stock:The electric vehicle stock began to lose ground ahead of the earnings report released Aug. 11 after the market close.

The selling continued despite the company reporting forecast-beating headline numbers for the second quarter and issuing an upbeat guidance for the current quarter.

The weakness was exacerbated by an accident involving a Nio ES8 all-electric SUV when it was in "Navigate On Pilot" mode. The owner of the vehicle was killed in the accident. The company was later accused of tampering with potentially incriminating vehicle data logs without the permission of traffic police.

The string of losses resulted in Nio's shares losing about 16% of their market value.

Trio Of Factors Lead To Wednesday's Recovery:Ahead of Wednesday's rebound, Nio shares were trading in oversold territory. The stock held support around Wednesday's intraday low of $36.83, which cushioned any further downside.

Secondly, Nio is feeding off on the across-the-board strength seen in the EV space. Nio's domestic peers XPeng, Inc. and Li Auto, Inc. are all in the green.

XPeng announced Wednesday the start of a Phase 2 expansion project for the Zhaoqing smart EV manufacturing base, with the planned annual production capacity for the Zhaoqing Base to reach 200,000 units upon completion.

EV leader Tesla, Inc. had its own share of troubles following the disclosure of a regulatory probe int its own autopilot program  Monday. The stock, which extended its losses amid the development, is seen snapping a three-session losing streak.

Thirdly, Nio's customers have rallied around the company amid the negative press on the fatal crash.

"We are well aware that NIO's NOP is currently an assisted driving system and not an autonomous or driverless system," a joint statement that has been signed by 500 owners said, the CnEVPost reported.

"NIO's presentation and promotion of NOP have not been confusing or misleading to us."

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论19

  • Ahlec
    ·2021-08-20
    Like comment
    回复
    举报
  • Lim888
    ·2021-08-19
    pls like, thanks
    回复
    举报
  • lyner
    ·2021-08-19
    Yesss
    回复
    举报
  • Nelsonkhoo
    ·2021-08-19
    Nio
    回复
    举报
  • Werkohderkoh
    ·2021-08-19
    👌
    回复
    举报
    收起
  • daggerw
    ·2021-08-19
    Go Nio! [看涨] 
    回复
    举报
  • iamme
    ·2021-08-19
    Cmon!
    回复
    举报
    收起
  • NickKoh
    ·2021-08-19
    👍
    回复
    举报
    收起
    • Nelsonkhoo
      Nio
      2021-08-19
      回复
      举报
    • iamme
      jiayou
      2021-08-19
      回复
      举报
  • MengKeng
    ·2021-08-19
    Go Nio, Go.  I am also waiting for you to be listed in HKEX as well
    回复
    举报
    收起
    • eda
      🤘
      2021-08-19
      回复
      举报
  • darrelt
    ·2021-08-19
    Yes
    回复
    举报
  • Wlcha3972
    ·2021-08-19
    Good 
    回复
    举报
    收起
    查看更多 2 条评论
  • JenneyJJ
    ·2021-08-19
    👏🏻👏🏻👏🏻💪🏻💪🏻
    回复
    举报
    收起
    • Benly8
      Hodl!
      2021-08-20
      回复
      举报
  • maOQiu
    ·2021-08-19
    To the moon
    回复
    举报
    收起
    • maOQiu
      [财迷]
      2021-08-19
      回复
      举报
  • JDO
    ·2021-08-19
    Like please
    回复
    举报
  • Cccccccccccc
    ·2021-08-19
    Sm[Tongue] 
    回复
    举报
  • akw
    ·2021-08-19
    Nice
    回复
    举报
  • hohok
    ·2021-08-19
    Go go go
    回复
    举报
  • DirtyGreen
    ·2021-08-19
    Nice
    回复
    举报
    收起
  • TohYangYang
    ·2021-08-19
    Like pls
    回复
    举报
    收起
 
 
 
 

热议股票

 
 
 
 
 

7x24