|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||7.40 - 7.89|
|52 Week Range||5.35 - 13.80|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.78|
In this series so far, we have looked at Tesla’s (TSLA) Chinese peer NIO’s (NIO) recent stock price action before its ES6 car launch event scheduled for December 15. ES6 is important for NIO’s future success, and the company is hoping to rapidly expand its consumer base by getting a large number of orders for the ES6 car model after its launch. Reuters’ recent data suggests that about 36% of analysts covering NIO stock were recommending a “buy” as of December 13.
In the previous part of this series, we looked at Chinese electric car company NIO’s (NIO) recent stock price movement. Investors’ high expectation from its upcoming vehicle (XLY) launch event on December 15 might be driving its stock up this week after it witnessed a 9.3% drop in the previous week. In this article, we’ll discuss why ES6 is so important for the company.
Vehicle electrification has been the emerging theme in metal markets. Last year, during its annual investor update, Glencore, the mining and trading giant, spent a considerable amount of time discussing vehicle electrification and how the company’s product portfolio is placed to capture the opportunity. Vehicle electrification is certainly for real.
In 2015, both these sectors showed signs of moderation, after which the Chinese government announced several measures to boost them. In the real estate sector, the country relaxed lending norms to boost housing demand. In the automotive space, China lowered its purchase tax, which was gradually increased to the original level of 10% starting at the beginning of this year.
Xpeng Motors started deliveries of its first commercial model on Wednesday, four years after its founding by entrepreneur He Xiaopeng and partners in Guangzhou, southern China. The G3 sport utility vehicle gives Xpeng instant credibility and revenue, while hundreds of other startups are still working on their prototypes and competing for investors’ funds. At stake is a market that is set to balloon to hundreds of billions of dollars in the coming decades as China’s government promotes greener vehicles at the expense of gas guzzlers.
The S&P 500 Index (SPY) has lost about 4.5% while the NASDAQ Composite Index has lost 3.5% month-to-date as of December 11. Concerns about the global economic slowdown and US–China trade tensions have hurt market sentiment (QQQ) this month. In contrast, December is proving to be a great month for some companies—and the largest Chinese used car e-commerce platform, Uxin (UXIN), is certainly one of the top performers.
Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. Spotify is an investor in the Chinese company. The IPO raised $1.1 billion in proceeds and is one of the largest by a Chinese company in the United States this year, behind the $2.4 billion raised by video streaming company iQiyi , the $1.6 billion garnered by online group discounter Pinduoduo and the $1.15 billion by electric vehicle maker NIO Inc.
FIS Astec Analytics released its latest weekly list of the hottest stocks among short sellers, and cannabis stocks continue to have the attention of short sellers. Cannabis Crash Enthusiasm for cannabis ...
(Updates sourcing, paragraphs 1-2, 4) By Joshua Franklin and Julia Fioretti NEW YORK/HONG KONG, Dec 12 (Reuters) - China-based music streaming company Tencent Music Entertainment Group said it raised close ...
Tesla’s exponentially rising Model 3 production rate has also made Tesla short-sellers lose money. In a recent interview with CNBC, billionaire investor Paul Tudor Jones didn’t seem very happy with Tesla. Jones, while answering a question about automakers (XLY) and focusing on Tesla, said, “They don’t do a great job on worker pay and treatment.
The broader market started December 11 on a positive note, with the S&P 500 benchmark trading at a 1.3% rise as of 9:34 AM EST. Auto stocks are leading the stock market rally (QQQ) today. General Motors (GM), Ford Motor Company (F), and Fiat Chrysler Automobiles (FCAU) have risen 3.5%, 3.2%, and 2.5%, respectively.
A logical discussion why KNDI with only a $218 current market cap will vault to $1.5 billion based on the equity value alone when its 50-50 JV with Geely Holdings comes public in 2019
Apparently, President Trump isn’t happy with how the markets have reacted to the trade war truce. Concerns about China’s slowdown look more real with almost every new data point. Over the weekend, China released its November trade data.
Let’s see where Tesla stock might be headed this time. On December 7, Jefferies upgraded its “hold” rating on Tesla to “buy,” according to a CNBC report. Jefferies also raised its target price for Tesla stock to $450 from $360.
China is the largest automobile market in the world, and the country has a thriving group of domestic manufacturers to meet demand, notes Paul Goodwin, international investing expert and editor of Cabot Emerging Market's Investor.
The largest Chinese used car e-commerce platform, Uxin (UXIN), continues to rally after its strategic partnership with Alibaba Group’s (BABA) Taobao last week. Let’s take a closer look at why the deal with Alibaba was so important for Uxin—and if the stock is still a good buy.
On December 8, China (FXI) released its trade data for November. The country’s trade data received even more scrutiny this year amid the US-China trade war. The world’s two largest economies have been involved in a bitter trade war and have imposed tariffs on billions of dollars of each other’s goods.
On Vale Day on December 4, 2018, Vale (VALE) said it is getting ready for the coming electric vehicle revolution. Previously, the company had cut back on its volumes in base metals to better align production with market conditions. Nickel, cobalt, and lithium are used in rechargeable batteries in electric vehicles.
In the week that ended on December 7, the broader market turned negative again after seeing a recovery in the final week of November.
On December 7, Tesla (TSLA) stock continues to swim against the current for the second consecutive day. At 11:10 AM EST, the stock rose 2.5%—compared to the S&P 500’s (SPY) 1.0% losses. The NASDAQ Composite Index and the Dow Jones Industrial Average fell 1.5% and 1.2%, respectively.
Tesla (TSLA) started December on a positive note. As of December 4, the stock had risen 2.6% despite 2.2% losses in the S&P 500 index. Today, TSLA is extending these gains. It was trading with 0.9% gains at 2:22 PM EST against 1.5% losses in the S&P 500 index. At the same time, Tesla’s Chinese peer NIO (NIO) was up 2.3%. However, NIO has lost 8.2% in December so far.
On December 6, China’s largest used car e-commerce platform, Uxin (UXIN), announced its strategic partnership with Alibaba Group’s (BABA) Taobao. According to UXIN’s press release, it “entered into a strategic partnership to foster further growth and expand service opportunities for used car e-commerce in China.”