Not Likely even in the short term because of 4 reasons .....
1. Higher than expected revenue for Q4 at around 500M to be releaseed next week ER Q4 2019 as well as state of funding.
2. Baillie Gifford and Tencent both increased their stake in NIO as per recent Form 13.
3. Feb delivery numbers to be released 2nd week of March will be higher than expected
4. March delivery numbers and Q1 2020 will be significantly higher compared to same time last year an outlier theory even states that delivery in March will be record setting.
(rumour is 10K orders in backlog with an aim to deliver maximum by end of March)
YoniTurner
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@Kermitdfraud, don't you think the Corona virus has a strong impact on last quarter results?
Kermitdfraud
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@YoniTurner, Corona Virus will have an impact both on production and delivery for Jan and Feb but the expectation is that in March the impacts will be mitigated . If the 10K order backlog rumour is true then March “may” see a record delivery. But as you know nio sales network is stronger now (80+ houses and spaces) compared to around 30 same time last year. Each sales venue have recorded a sale of over 40 cars/month.
alasfoor
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@Kermitdfraud, nice research and information .. thanks
but how much state funding we expect?
Kermitdfraud
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@azzam_alasfoor, Nil ....its best to assume that none is coming until May 2030. Nio will survive through smaller infusion of funds and increasing revenue from sales. Also remember going forward their operational and R&D expenses will come down on account of mobileye deal and downsizing of workforce from 9.8K staff to around 5.5K.
1. Higher than expected revenue for Q4 at around 500M to be releaseed next week ER Q4 2019 as well as state of funding.
2. Baillie Gifford and Tencent both increased their stake in NIO as per recent Form 13.
3. Feb delivery numbers to be released 2nd week of March will be higher than expected
4. March delivery numbers and Q1 2020 will be significantly higher compared to same time last year an outlier theory even states that delivery in March will be record setting.
(rumour is 10K orders in backlog with an aim to deliver maximum by end of March)