Going PUT for NIO as the company is struggling to make progress, company is burning cash. Previous Model ES8 has battery issues. 4000+ Recall of vehicles was needed. ES6 was released but it seems like a lot of options are out there, buyer confidence should decrease. Further analysis upcoming
July sales were 837 vehicles which was 38% decrease from the previous month. Company is expecting an sales number of 2,000-2,500 for August
蔚来汽车8月的交付目标为2,000-2,500辆。”http://auto.eastmoney.com/a/201908131205041143.html
Of the 837 vehicles, 673 was ES6 and 164 was ES8. Compared to June, May and April, 1340, 1089 and 1124 cars were sold.
As the company started selling ES6, 5 seater performance SUV. Sales for ES6 on June was 413. This is supposedly the highest sales prior release.
NIO Second quarter received 3,553 orders which outperformed 2,800-3,200, but it was overall lower than its 1st quarter of 3,989 car sales. I don’t see how the company will reach those sales figures.
EV rebate also decreased and china automotive market is weakening. Sales will become challenging. Car sales tend to be lower in Q3 & Q4.
Trading Log 