Wealth moves from the impatient to the patient....
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Chinese Electric Vehicle Stocks Rally, Nio Closes In On $40
2:40 pm, November 4, 2020
Portfolios: First Watchlist
Tickers: $NIO $LI $XPEV
Shares of Chinese electric vehicle companies were trading in record territory Wednesday, with multiple catalysts working in their favor.
Strong October vehicle delivery numbers and the prospect of a change of guard in the White House to an administration in favor of green energy vehicles are apparently driving the stocks higher.
Nio Rally Accelerates: Nio Inc – ADR (NYSE: NIO) shares were up on above-average volume and closing in on another psychological resistance point of $40. On Friday, the stock crossed the $30 level for the first time.
The momentum picked up this week when the EV maker reported record monthly deliveries in October.
The stock also reacted to separate reports on battery technology enhancement and overseas expansion.
In the year-to-date period, Nio has gained a whopping 800%.
Li Auto, Xpeng Join The Rally: Xpeng Inc – ADR (NYSE: $XPEV) shares are also skyrocketing on above average volume. The company delivered a record 3,040 vehicles in October, representing a year-over-year increase of 229%.
The company's shares also received a shot in the arm from an analyst note.
Citibank analyst Jeff Chung raised the price target on the Buy-rated stock from $33.20 to $46.60, Barron's reported.
The company is likely to double its market share of battery electric vehicles to 6% in China by 2022, the analyst said.
Li Auto Inc. (NASDAQ: $LI), which listed its ADSs on the Nasdaq in late July, said Monday it delivered 3,692 vehicles in October.
The company also said it achieved strong orders, setting a new monthly record.
The Price Action: At last check:
Nio shares were advancing 3.58% to $36.77, after rising as high as $39.75 intraday.
Xpeng was soaring 16.22% to $25.86
Li Auto was advancing 3.18% to $24.82.
This board is about FSR, not politics... or demeaning someone else...
It's all good TW... I tried to help manage the board, but to no avail. Need to just get back to Tesla and reasons to trade/invest in it or not... that's all that matters at the end of the day...
$TSLA
Looks like they are anticipating a Dem win, and possible sweep. If we get a Dem sweep, then pot stocks should get a nice boast. Dems want to declassify it so banks can start doing business with pot shops, growers, etc. Once the banks are free to do business, the pot stocks should move up nicely...
$SNDL
I think it will happen with either President, but probably much quicker with a Dem sweep... Not sure of a timeline, but this can move back up with just them knowing that it is really going to come soon...
$AAL
Gave up Moderator, cause it is worthless on this board... Good luck to all...
$TSLA
Nio Working On Battery That Could Nearly Double EV Range, Tees Up Overseas Expansion
11:11 am, November 2, 2020
Portfolios: First Watchlist
Tickers: $NIO
Nio Inc – ADR (NYSE: $NIO) shares are moving higher amid a fresh set of catalysts.
The NYSE-listed ADSs of the Chinese EV maker, which violated the $30 level to the upside Thursday, held above the level in Friday's session. The upward momentum appears intact in Monday's session.
Nio's Big Battery Ambitions: Nio is working on a 150 kilowatt-hour battery with an objective of increasing the range of its EVs to over 900 km on a single charge, CNTech reported Friday, citing Nio CEO William Lin., who spoke at EP Club, the company's top user club.
The battery technology enhancements will help wring better mileage from a single battery in Nio's EVs than in fuel-efficient Japanese hybrids, the report said.
Nio's ES6, which has a range of 430 km, could essentially double that rangew ith the new battery pack.
It is widely believed that Nio may choose to unveil the new battery pack at its Nio Day scheduled for January.
Nio Lays Groundwork For European Ambitions: Nio has set up an overseas business unit that could handle overseas sales to Europe in 2021, the Chinese automotive news site Gasgoo reported, citing local media.
The overseas project is codenamed "Marco Polo," the report said. The company has earmarked a separate workforce for this unit, and added Nio is reportedly looking to sell 7,000 ES8 and ES6 SUVs in Europe within two years.
Nio is also planning to set up an overseas NIO House In Denmark's capital city of Copenhagen.
This is seen as an effort to capitalize on Denmark's drive to phase out fossil fuel vehicles by 2023 and also increase the sale of EVs to at least 1 million.
Nio's Sales Streak Continues: Earlier, Nio reported October deliveries that doubled year-over-year to 5,055 vehicles, comprising 1,477 ES8s, 2,695 ES6s and 886 EC6s.
This represented a record monthly number and the eighth consecutive month of year-over-year growth.
The next catalyst Nio's third-quarter report, which is scheduled for Nov. 17.
Analysts, on average, estimate a loss of 17 cents per share, much narrower than the year-ago loss of $2.38 per share. Revenues are expected to jump 145.6% to $644.68 million.
NIO Price Action: Nio shares were trading 7.62% higher at $32.91 at last check Monday.
Nio Shares Rise On Record EV Deliveries In October
7:39 am, November 2, 2020
Portfolios: First Watchlist
Tickers: $NIO $TSLA $LI
Chinese electric vehicle maker Nio Inc (NYSE: $NIO) has doubled its year-over-year growth rate of vehicle deliveries in October 2020 to 5,055 units, hitting a monthly record.
The company announced Monday that the aggregate deliveries for 2020 are up 111.4% YoY.
What Happened: Of the 5,055 units delivered in October, 53% comprised of the five-seater SUV model ES6 at 2,695 units, 29% belonged to the 6-seater & 7-seater versions of the ES8 at 1,477 units, and 883 units of the premium electric coupe EC6.
The company has delivered 31,430 units to date in 2020.
Nio is set to release the Q3 2020 earnings results on November 17.
Why It Matters: Although the EC6 model was announced in December 2019, its deliveries began in September 2020.
Nio grew its monthly shipments by 133% YoY to 4,708 units in September, and its quarterly shipments by 154% YoY 12,206 units.
Earlier in October, Deutsche Bank analyst predicted a record number of deliveries for Nio in Q3 and Q4 2020. Analyst Edison Yu attributed the increase to the EC6 model launch.
Domestic rival Li Auto Inc (NYSE: LI), which is set to release earnings on November 13, had reported monthly deliveries of 3,504 units in September and quarterly deliveries of 8,660 units.
Price Action: Nio shares are trading 7.79% higher to $32.97 in the pre-market session on the last check Monday.
They moved on to the next ticker to spread non-sense, thinking that what one says on these boards really matters to the price... Funny stuff...
The ticker just changed and hopefully we shall see some more money flow into $FSR to bring the price up more. $1B cash is ready for Henrik to build a great car. With Magna joining in with a 6% stake in manufacturing, this will get moving fast. Production should be ahead of what he predicted. More to come...
Admin is aware of the ticker issue and has put in a request to fix it...
$FSR
They are definitely criminals that make the market... Hexo reported yesterday and it didn't do well, plus they are suggesting a rs for 8:1. With them and the overall down market, this was fixing to go lower. Hopefully we are at the bottom... If $SNDL don't make a move soon, I can see them doing the same thing as Hexo.
Still think a Dem win will at least double or triple this...
Fisker Shares Rise in NYSE Debut, CEO Talks Future EV Market On CNBC
10:49 am, October 30, 2020
Portfolios: First Watchlist
Tickers: $NKLA $TSLA $AAPL $FSR $MGA $NOW $SPAQ
Shares of Fisker Inc begin trading on the NYSE Friday after the completion of a special purpose acquisition company merger with Spartan Energy Acquisition Corp (NYSE: SPAQ).
Henrik Fisker On CNBC: On Friday morning, Fisker Inc (NYSE: $FSR) CEO Henrik Fisker was interviewed by Jim Cramer and David Faber on CNBC.
“[The] EV market is developing,” Fisker said.
A slow uptick is occurring in the sales of electric vehicles in the United States, but it will explode in 2022 and 2023, the CEO said.
Along with Tesla Inc (NASDAQ: TSLA), Fisker said his company is one of two pure play electric vehicle companies in the U.S. that is publicly traded.
By 2030, Fisker said “more than 50% of all vehicles sold will be electric.”
Legislation will move the sale of electric vehicles ahead, along with customer adoption, the CEO said.
As people test or buy electric cars, they realize the vehicles are cheaper, less noisy and a better car to drive, he said.
Fisker's Partnership With Magna: Fisker discussed his company’s partnership with Magna International (NYSE: MGA) on CNBC.
Fisker told viewers to think of his company and the Magna partnership like Apple Inc (NASDAQ: AAPL) and Foxconn.
Apple doesn’t make their own phone, but relies on strong manufacturing partners to create a great product, he said.
Production is expected to ramp up to 50,000 vehicles in the first year, which would make Fisker cash flow positive, the CEO said.
“They will build us a high quality car.”
Magna is taking a 6% stake in Fisker as part of the partnership.
What’s Next For Fisker: Fisker told viewers that the company will have its first milestone on Nov. 15.
With the SPAC deal, Fisker has $1 billion on its balance sheet, which is more than enough to get to production, he said.
The company will build prototypes and show off its product at the Los Angeles Auto Show in May 2021, the CEO said.
The Fisker Ocean is expected to enter production in the fourth quarter of 2022 and sell with a retail price of $37,499.
FSR Price Action: Shares of Fisker were up 11% at $9.97 at the time of publication.
Benzinga’s Take: Jim Cramer was very bearish on Fisker and even compared the company to Nikola Corporation (NASDAQ: NKLA).
Cramer has since turned bullish on Fisker and also started shining a more positive light on SPACs.
The addition of Bill McDermott from ServiceNow Inc (NYSE: NOW) to Fisker’s board is one of Cramer’s big reasons for believing in the company.
Henrik Fisker has designed cars for Ford, BMW and Aston Martin and was also a part of the Tesla design team.
The decision to focus on design and concept and partner with Magna on manufacturing could be the biggest decision for the company and one that could help shareholders win going forward.
I don't know... this thing is getting hammered. Going to hold until after the election and see what happens.
Would have been nice, but it closed at it's highs, so tomorrow could bring another few $$$ ($35+) as it looks like it wants to run further...
$NIO
Yes they can increase the Outstanding shares. They needed to do this as 55M Outstanding is not enough to do anything with if they need to acquire another asset or whatever they need to do for growth.
Float still at 45M...
$SPAQ soon to be $FSR
LMAO,,, and you are just figuring that out? I thought you were so smart... No reason to reply...
$NIO He thinks everything is Beautiful.... LOL
Big moves in EV, Batteries and Clean Energy is coming with a change in the WH...
$NIO $31 break and $32 is coming... Maybe $35 tomorrow for a new high and then who knows next week with delivery numbers... Then consolidation before earnings... Me thinks anyways... LOL
This is setting up for a move... Ticker change should give Fisker a real company to promote and then we will see...
Only 55M OS and 45M float... Buy and hold... $SPAQ
Very nice! Delivery numbers are going to beat again... $NIO
$NIO The pattern of NIO's trading may suggest a new base of $35 area coming in the next couple days. She seems to go up about 35% or more every 9 to 10 days, lately. Then consolidates down a bit and moves up again...
Very much liking this up trend...
$NIO Good for them...
I agree... good consolidation right now and ticker change should show that this is real and then some money should flow into FSR...
Lot's of commercials on Bloomberg and other financial shows...
$NIO looking good... Lunch break and then let's roll it on up some more...
$AAL trying to stay above $11... Any Airline stimulus and this goes back to $13 pretty quick.
And will continue to be around a long time... They are getting to remodel the whole store where my wife is a manager...
$RAD $9 area is a buy for me...
$NIO A solid break above $30 could propel this to $32... $NIO
Looks like 6 or 7 down days and then 1 to a few up days. Hopefully that changes here with the next earnings...
$IDEX Holding....
$AMD Looks like the selling has eased off and buyers are stepping in today. AMD is worth more than this measly pps...
Fisker Inc., will soon be listed on the NYSE via a special purpose acquisition company ($SPAC). Fisker is coming to the public market through a merger with Spartan Energy Acquisition Corp. ($SPAQ) and is expected to start trading under the symbol “FSR” around October 29th, pending approval from SPAQ shareholders.
SPACs have been dubbed as “IPO 2.0” and have become the new craze on Wall Street. So far, there have been 110 SPAC IPO transactions in 2020 that have raised a total sum of $145 billion.
Fisker Going Public
Fisker’s reception will be interesting. There’s been a huge demand for electric vehicle stocks. Some of the best performers of 2020 and the last 3 months are companies in or supplying the EV sector.
EV stocks have been so strong because of multiple reasons:
Prediction markets and polling are suggesting that the chances of Joe Biden winning the Presidency and Democrats winning the Senate are around 60%. If this were to happen, it’s important because Democrats would like to create legislation that forces automakers to only produce electric cars by 2035.
The quality of EVs, in terms of range and reliability, are advancing and approaching an inflection point, from which they will be cheaper.
Another factor is that EVs are a growth market in an economy with low secular growth and abundant liquidity. In hindsight, it’s clear that the Fed’s policies are increasing the multiple paid for a “growth premium”.
Currently, there are around 1.4 million electric vehicles on the road. By 2030, it’s expected that there will be 19 million electric cars on the road. This growth will create opportunities for electric car companies.
That is sweet... Holding some options. I may just exercise them and take the shares at this point... $NIO
$AMD going to boom... Kick ass chips and video cards... Best in the Biz!
Shares of NIO (NYSE: $NIO) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved up to $29.94.
Sentiment: BULLISH
Option Type: SWEEP
Trade Type: CALL
Expiration Date: 2020-12-18
Strike Price: $29.00
Volume: 1381
Open Interest: 5448
Holding too for now. I think people are a bit wary of these SPAQs. Hopefully she will get some legs and run up for a bit, once the merger sets in with everyone and we have some news... Not really any big news on anything yet is kind of weird. You would think Fisker would be all over this....
$NIO $30+
And a lot of them do not know what they are even investing/trading in... LOL
Thought this would get us a pop back into the teens, but she is lagging. $1B cash on hand just isn't enough $$$$ I guess.
Bought a bunch at $10 and not liking what I am seeing...
$SPAQ
Yep not worth my time here anymore... Take care!
$SPAQ Great news on merger! Should be in for a good bump, but this market is kicking everything around today...