Chinese EV makers NIO Inc. (NIO), Li Auto (LI), and XPeng Motors (XPEV) are seeing a bump higher in their stocks this morning after all three reported strong delivery numbers. The Morning Brief team weighs the impacts US tariffs and competition with Tesla (TSLA) are having on the overseas auto makers.
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This post was written by Luke Carberry Mogan.
Video Transcript
Now, shares of Chinese EV makers are on the move this morning.
We’ve got Neo X Pang and Lee Auto moving to the upside after the company reported better than expected delivery numbers.
The trio delivered about 100 and 96,000 vehicles in the second quarter.
That is up about 47% year over year and up from the 132,000 cars delivered in the first quarter of the year.
You can see all those names here moving to the up.
But Brad, it’s interesting when you talk about these deliveries because we’re also going to be getting Tesla deliveries here tomorrow.
And I’ve been getting a lot of notes in from analysts saying that the next six weeks to come are a huge potential catalyst for Tesla stock.
You’ve got uh their earnings coming out in a month here, which is crazy.
We just wrapped up earnings.
We’re already rearing back in and we’ve got those delivery numbers here uh as well.
And then of course, you’ve got consistent commentary from Elon Musk, which tends to move the stock.
So a lot of movement in the EV space and then you have the tariffs in the background here coming from not only the US but also Europe, the impact that that could have on these Chinese ev makers obviously not having that big of an impact here on the day, given this news about the delivery numbers and for the names that are on the screen right now.
And Neo and the auto, this is a read into the all important Asia Pacific market where Tesla is trying to grow its own positioning.
And so it’ll be easy or interesting to see where the numbers overall come in for Tesla.
Of course, if we get any break out on Cyber truck, we probably won’t.
But hopefully we start to at this juncture because of the way that it’s been broken out before where you get the three and the Y which are really the lion’s share of production and delivery plus, then the S and the X which are, you know, at this point, um trimming continuing to, to move lower.
But then once you kind of factor in the cyber truck and the deliveries, I I’ve seen just a wave of ugly cyber trucks on the road.
Um whether that be in the decals that people are putting on them or just in the clunkiness of them on the roads.
But all these things considered, it’ll be interesting to see if they do break out Cyber truck officially since recalls are really the only way that we know how they’ve been able to put into the market that aside, Neo has had a stinker over a year when you look at the stock price, it’s down by about 50% year to date.
So yeah, a pop here this morning.
But ultimately, there’s still a lot of road to be proven for each of these companies that you’re looking at on the screen.
Don’t buy Brad, a Robo Taxi.
That’s my take away.
No, no gift of I would, I would ride in a Robo taxi, not first, but I would, I would ride in it at least once.