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Deliveries of vehicles were 10,331 in the second quarter of 2020, including 8,068 ES6s and 2,263 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019 and 3,838 vehicles delivered in the first quarter of 2020. "
More About NIO Inc.
NIO Inc. is a pioneer in China’s premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater flagship premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began the first deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater premium smart electric coupe SUV, in December 2019 and plans to commence deliveries in 2020.
Overview of NIO's latest financial results
The data below refers to their 2nd quarter 2020 earnings report:
Deliveries of vehicles were 10,331 in the second quarter of 2020, including 8,068 ES6s and 2,263 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019 and 3,838 vehicles delivered in the first quarter of 2020.
- Vehicle Sales in US $ : 493.4 million
- Vehicle Margin: 9.7%
- Gross profit: $44.3 million
- Net loss: -$166.5 million
- Net loss per share: -$0.16
Deliveries of vehicles were 10,331 in the second quarter of 2020, including 8,068 ES6s and 2,263 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019 and 3,838 vehicles delivered in the first quarter of 2020.
Discussing the reason for NIO premarket trading decline
The extract below covers the decline in NIO stock in pre market trade as obtained from Finance.Yahoo.com
Shares of Nio Inc. sank 8.0% in very active premarket trading Monday, after the China-based electric vehicle maker announced the pricing of an upsized stock offering at a discount. Trading volume was 8.4 million shares, making the stock the most actively traded ahead of Monday's open. The company said its offering of 88.5 million American depositary shares (ADS) priced at $17.00 each, which is 8.1% below Friday's closing price of $18.50. On Friday, the stock slid 6.9% after the company announced an offering of 75 million ADS, as it looked to increase the share capital of its ownership in Nio China. The stock has soared nearly 4-fold (up 360.2%) year to date, while shares of U.S.-based rival Tesla Inc. have run up more than fivefold (up 429.1%) and the S&P 500 has tacked on 8.6%.
Shares of Nio Inc. sank 8.0% in very active premarket trading Monday, after the China-based electric vehicle maker announced the pricing of an upsized stock offering at a discount. Trading volume was 8.4 million shares, making the stock the most actively traded ahead of Monday's open. The company said its offering of 88.5 million American depositary shares (ADS) priced at $17.00 each, which is 8.1% below Friday's closing price of $18.50. On Friday, the stock slid 6.9% after the company announced an offering of 75 million ADS, as it looked to increase the share capital of its ownership in Nio China. The stock has soared nearly 4-fold (up 360.2%) year to date, while shares of U.S.-based rival Tesla Inc. have run up more than fivefold (up 429.1%) and the S&P 500 has tacked on 8.6%.
NIO premarket trading meltdown
The image below, obtained from Google shows that the stock of NIO is trading at $17.10 (down -7.57% in premarket trade. We wonder how many traders will have to close long positions that are loss making now and due to margin calls being triggered. A sharp selloff like this could trigger a second even stronger sell off as more margin calls and stop losses kick in
NIO Inc (NIO) stock price history
The image below shows the stock price history of NIO Inc (NIO) over the last 2 odd years. And its been a pretty wild ride of NIO stockholders. Over the 2 year period the stock of NIO has provided a return of 114% to its stockholders.
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