$NIO (Nio Inc.) โœ”๏ธ revenue $4.53B vs $4.53B expected โœ”๏ธ EPS -0.98 vs -1.23 expected

๐——๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€
๐Ÿ‘‰ delivered 12,206, ES8, ES6 and EC6
๐Ÿ‘‰ +154.3% year-over-year
๐Ÿ‘‰ +18.1% quarter-over-quarter
๐Ÿ‘‰ Q3 12,206 deliveries
๐Ÿ‘‰ October, 5,055 vehicles deliveries, another monthly record

ES6 is the fastest-selling electric SUV in China for 13 consecutive months
ES8 is the number one sales in the premium SUV sector

๐—š๐—ฟ๐—ผ๐˜€๐˜€ ๐— ๐—ฎ๐—ฟ๐—ด๐—ถ๐—ป
12.9% Q3 2020
8.4% Q2 2020
-12.1% Q3 2019
The increase of gross margin was mainly driven by the increase in vehicle margin in the third quarter of 2020

๐—ฉ๐—ฒ๐—ต๐—ถ๐—ฐ๐—น๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ด๐—ถ๐—ป
14.5% Q3 2020
9.7% Q2 2020
-6.8% Q3 2019

What is the gross margin? Company net sales revenue minus the cost of goods sold. The higher, the more capital a company retains on each dollar of sales.

๐—š๐˜‚๐—ถ๐—ฑ๐—ฎ๐—ป๐—ฐ๐—ฒ
CEO William Bin Li stated
โ€œIn view of the growing market demand for our competitive products, we are motivated to continuously elevate the production capacity to the next level.
We expect to deliver 16,500 to 17,000 vehicles in the coming fourth quarter.โ€

After hitting record after record regarding deliveries, the company expects to deliver 16,500+ vehicles in the last quarter of this strange year.
Looking at current numbers and market trends, this seems to be a very realistic number.

๐—ง๐—ฒ๐˜€๐—น๐—ฎ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฆ&๐—ฃ
$TSLA is now shacking the $SPX500 index with its massive market cap.
The last round of joiners, when Tesla was expected to join, had a total combined $50B market cap, while Tesla is sitting at around $420B.
Why does this matter to NIO?
NIO is viewed by many as the next Tesla. No doubt it has been enjoying a lot of positive outlooks thanks to its competitor.
We do not have many EV pure-plays in the market, and these two stand out and hold hands pushing new ATH.

๐—™๐—ถ๐—ป๐—ฎ๐—น ๐˜๐—ต๐—ผ๐˜‚๐—ด๐—ต๐˜๐˜€
NIO has been a wonderful company on growth portfolios.
The worldwide clean energy and EV trend are elevating the stock to new highs and shifting our reality and the expansion to the EU and USA will propel the stock even higher!
Like many people, we are very bullish on the name and will likely increase our explore in the future.

Alex

Sources: Seeking Alpha, Investing.com, and NIO investors page