EV developer NIO has cut its delivery guidance figures as it expects COVID disruptions in China to impact manufacturing goals. Video Transcript [AUDIO LOGO] – I’m watching NIO here. Shares dropping as the Chinese EV maker cut its Q4 delivery forecast to a high of 39,500 deliveries from a prior forecast of 48,000. NIO said… Continue reading Nio stock drops following cuts to Q4 delivery figures, production concerns
Author: Yarhow_Finance Online News
Chinese EV Maker Nio Cuts Delivery Outlook Amid Covid Disruptions
Morningstar Research Analyst Report: Tesla, Inc. Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential… Continue reading Chinese EV Maker Nio Cuts Delivery Outlook Amid Covid Disruptions
China stocks tell 2 different stories about the economy
Chinese stocks listed in the U.S. were mostly higher on Tuesday amid optimism around Beijing’s decision to drop COVID-19 quarantine rules for inbound visitors, as the world’s second-largest economy abandons its long-held “COVID Zero” policy. But the slide in shares of EV makers like Tesla (TSLA) and a drop in Apple (AAPL) stock shows the… Continue reading China stocks tell 2 different stories about the economy
Auto Roundup: MGA & STLA Buyout Deals, KMX’s Quarterly Results & More
Last week, the European Automobile Manufacturers Association released data for commercial car registrations for November and the first 11 months of 2022. The European Union (EU) commercial vehicle market inched down 0.6% last month, representing the 17th straight month of decline. While sales of trucks improved from the year-ago month, van and bus sales declined.… Continue reading Auto Roundup: MGA & STLA Buyout Deals, KMX’s Quarterly Results & More
Jim Cramer Is Bearish On These 10 Stocks
In this article, we discuss 10 stocks that Jim Cramer is bearish on. Stocks plummeted for a fourth consistent trading week on December 19, crushed by rising recession fears. However, CNBC’s Jim Cramer noted that there could be a buying opportunity in the equity markets ahead of a potential rally. On December 19, Cramer told investors: … Continue reading Jim Cramer Is Bearish On These 10 Stocks
Why Tesla, Nio Stocks Can’t Seem to Stop Falling
MarketWatch Nio stock drops after EV maker cut delivery guidance Shares of Nio Inc. took a dive Tuesday, after the China-based electric vehicle maker said it was “prudently” cutting its fourth-quarter deliveries estimate, citing COVID-related production challenges and continued supply chain constraints. “In December 2022, the company has been facing challenges in deliveries and productions,… Continue reading Why Tesla, Nio Stocks Can’t Seem to Stop Falling
Nio stock drops after Tesla halts production in Shanghai
MarketWatch Nio stock drops after EV maker cut delivery guidance Shares of Nio Inc. took a dive Tuesday, after the China-based electric vehicle maker said it was “prudently” cutting its fourth-quarter deliveries estimate, citing COVID-related production challenges and continued supply chain constraints. “In December 2022, the company has been facing challenges in deliveries and productions,… Continue reading Nio stock drops after Tesla halts production in Shanghai
My Top Beaten-Down EV Stock to Buy and Hold for the Next Decade
MarketWatch Nio stock drops after EV maker cut delivery guidance Shares of Nio Inc. took a dive Tuesday, after the China-based electric vehicle maker said it was “prudently” cutting its fourth-quarter deliveries estimate, citing COVID-related production challenges and continued supply chain constraints. “In December 2022, the company has been facing challenges in deliveries and productions,… Continue reading My Top Beaten-Down EV Stock to Buy and Hold for the Next Decade
Investors in Linamar (TSE:LNR) have made a return of 26% over the past three years
It might be of some concern to shareholders to see the Linamar Corporation (TSE:LNR) share price down 11% in the last month. On the other hand the share price is higher than it was three years ago. Arguably you’d have been better off buying an index fund, because the gain of 22% in three years… Continue reading Investors in Linamar (TSE:LNR) have made a return of 26% over the past three years
Is Magna International Inc.’s (TSE:MG) Recent Price Movement Underpinned By Its Weak Fundamentals?
Magna International (TSE:MG) has had a rough month with its share price down 8.4%. We, however decided to study the company’s financials to determine if they have got anything to do with the price decline. Long-term fundamentals are usually what drive market outcomes, so it’s worth paying close attention. Particularly, we will be paying attention… Continue reading Is Magna International Inc.’s (TSE:MG) Recent Price Movement Underpinned By Its Weak Fundamentals?