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2021-08-19

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3 Reasons Why Nio Is Rebounding From 6-Session Losing Streak

Nio, Inc. shares gained ground Wednesday, reversing course from the declines seen in the previous si

3 Reasons Why Nio Is Rebounding From 6-Session Losing Streak

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The owner of the vehicle was killed in the accident. The company was later accused of tampering with potentially incriminating vehicle data logs without the permission of traffic police.</p>\n<p>The string of losses resulted in Nio's shares losing about 16% of their&nbsp;market value.</p>\n<p><b>Trio Of Factors Lead To Wednesday's Recovery:</b>Ahead of Wednesday's rebound, Nio shares were trading in oversold territory. The stock held support around Wednesday's intraday low of $36.83, which cushioned any further downside.</p>\n<p>Secondly, Nio is feeding off on the across-the-board strength seen in the EV space. Nio's domestic peers&nbsp;<b>XPeng, Inc.</b>&nbsp;and&nbsp;<b>Li Auto, Inc.</b>&nbsp;are all in the green.</p>\n<p>XPeng announced Wednesday the start of a Phase 2 expansion project for the Zhaoqing smart EV manufacturing base, with the planned annual production capacity for the Zhaoqing Base to reach 200,000 units upon completion.</p>\n<p>EV leader&nbsp;<b>Tesla, Inc.</b>&nbsp;had its own share of troubles following the&nbsp;disclosure&nbsp;of a regulatory probe int&nbsp;its own autopilot program&nbsp;&nbsp;Monday. The stock, which extended its losses amid the development, is seen snapping a three-session losing streak.</p>\n<p>Thirdly, Nio's customers have rallied around the company amid the negative press on the fatal crash.</p>\n<p>\"We are well aware that NIO's NOP is currently an assisted driving system and not an autonomous or driverless system,\" a joint statement that has been signed by 500 owners said, the CnEVPost reported.</p>\n<p>\"NIO's presentation and promotion of NOP have not been confusing or misleading to us.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Why Nio Is Rebounding From 6-Session Losing Streak</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Why Nio Is Rebounding From 6-Session Losing Streak\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-19 08:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Nio, Inc.</b>&nbsp;shares gained ground&nbsp;Wednesday, reversing course from the declines seen in the previous six sessions.</p>\n<p><b>Earnings, Fatal Crash Pressure Nio Stock:</b>The electric vehicle stock began to lose ground ahead of the earnings report&nbsp;released Aug. 11 after the market close.</p>\n<p>The selling continued despite the company&nbsp;reporting&nbsp;forecast-beating headline numbers for the second quarter and issuing an upbeat guidance for the current quarter.</p>\n<p>The weakness was exacerbated by an accident involving a Nio ES8 all-electric SUV when it was in \"Navigate On Pilot\" mode. The owner of the vehicle was killed in the accident. The company was later accused of tampering with potentially incriminating vehicle data logs without the permission of traffic police.</p>\n<p>The string of losses resulted in Nio's shares losing about 16% of their&nbsp;market value.</p>\n<p><b>Trio Of Factors Lead To Wednesday's Recovery:</b>Ahead of Wednesday's rebound, Nio shares were trading in oversold territory. The stock held support around Wednesday's intraday low of $36.83, which cushioned any further downside.</p>\n<p>Secondly, Nio is feeding off on the across-the-board strength seen in the EV space. Nio's domestic peers&nbsp;<b>XPeng, Inc.</b>&nbsp;and&nbsp;<b>Li Auto, Inc.</b>&nbsp;are all in the green.</p>\n<p>XPeng announced Wednesday the start of a Phase 2 expansion project for the Zhaoqing smart EV manufacturing base, with the planned annual production capacity for the Zhaoqing Base to reach 200,000 units upon completion.</p>\n<p>EV leader&nbsp;<b>Tesla, Inc.</b>&nbsp;had its own share of troubles following the&nbsp;disclosure&nbsp;of a regulatory probe int&nbsp;its own autopilot program&nbsp;&nbsp;Monday. The stock, which extended its losses amid the development, is seen snapping a three-session losing streak.</p>\n<p>Thirdly, Nio's customers have rallied around the company amid the negative press on the fatal crash.</p>\n<p>\"We are well aware that NIO's NOP is currently an assisted driving system and not an autonomous or driverless system,\" a joint statement that has been signed by 500 owners said, the CnEVPost reported.</p>\n<p>\"NIO's presentation and promotion of NOP have not been confusing or misleading to us.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156437638","content_text":"Nio, Inc. shares gained ground Wednesday, reversing course from the declines seen in the previous six sessions.\nEarnings, Fatal Crash Pressure Nio Stock:The electric vehicle stock began to lose ground ahead of the earnings report released Aug. 11 after the market close.\nThe selling continued despite the company reporting forecast-beating headline numbers for the second quarter and issuing an upbeat guidance for the current quarter.\nThe weakness was exacerbated by an accident involving a Nio ES8 all-electric SUV when it was in \"Navigate On Pilot\" mode. The owner of the vehicle was killed in the accident. The company was later accused of tampering with potentially incriminating vehicle data logs without the permission of traffic police.\nThe string of losses resulted in Nio's shares losing about 16% of their market value.\nTrio Of Factors Lead To Wednesday's Recovery:Ahead of Wednesday's rebound, Nio shares were trading in oversold territory. The stock held support around Wednesday's intraday low of $36.83, which cushioned any further downside.\nSecondly, Nio is feeding off on the across-the-board strength seen in the EV space. Nio's domestic peers XPeng, Inc. and Li Auto, Inc. are all in the green.\nXPeng announced Wednesday the start of a Phase 2 expansion project for the Zhaoqing smart EV manufacturing base, with the planned annual production capacity for the Zhaoqing Base to reach 200,000 units upon completion.\nEV leader Tesla, Inc. had its own share of troubles following the disclosure of a regulatory probe int its own autopilot program  Monday. The stock, which extended its losses amid the development, is seen snapping a three-session losing streak.\nThirdly, Nio's customers have rallied around the company amid the negative press on the fatal crash.\n\"We are well aware that NIO's NOP is currently an assisted driving system and not an autonomous or driverless system,\" a joint statement that has been signed by 500 owners said, the CnEVPost reported.\n\"NIO's presentation and promotion of NOP have not been confusing or misleading to us.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":475,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}