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期权哥哥
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期权哥哥
2021-07-24
my friends tell me that NIO will sell 100,000 in 2021, and over 160,000 in 2022.
Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</blockquote>
期权哥哥
2021-01-15
$蔚来(NIO)$
几十万张今晚到期的期权,会不会狠杀?
期权哥哥
2021-01-07
$爱奇艺(IQ)$
18.8震荡接近一个小时,骗走了我的筹码。
期权哥哥
2020-11-20
$哔哩哔哩(BILI)$
周五开盘一个半小时,想走的应该都走差不多了吧。
期权哥哥
2020-11-19
$哔哩哔哩(BILI)$
开盘这一波高开下杀,赌财报的应该走了一半了吧。一会儿再杀一下估计能走光了。
期权哥哥
2020-11-18
$晶科能源(JKS)$
其他太阳能票连续大涨,这票是财报前压盘吧
期权哥哥
2020-11-04
$蔚来(NIO)$
兄弟们,涨得太可怕了,我先走了避避风头,你们继续赚大钱。
期权哥哥
2020-09-25
$蔚来(NIO)$
每个周五都要杀半天的期权,太难了。
期权哥哥
2020-09-14
$蔚来(NIO)$
大盘无虞,睡觉去。
期权哥哥
2020-09-14
$蔚来(NIO)$
看了一下,本周存量末日期权比上周还多,难怪涨不起来,机构卖卖期权爽得很,股价横盘才好。
期权哥哥
2020-09-14
$蔚来(NIO)$
趁着特斯拉拉升的时候出货,这帮转债狗手头是有多少货啊。
期权哥哥
2020-09-14
$蔚来(NIO)$
好歹是200亿流通市值的中大盘股票了,散户又特别多,这么点成交量拉不起来的,撑着不跌已经不错了。
期权哥哥
2020-09-14
$蔚来(NIO)$
最近这走势应该是受到低价可转债转股平仓导致的,基本涨幅只有特斯拉一半,不过之前特斯拉跌的厉害时候,跌幅不到特斯拉一半,算是中和了。
期权哥哥
2020-09-14
$蔚来(NIO)$
旅途漫漫,总是有人执着于上上下下的快感,有人却享受长途的漫漫风景。
期权哥哥
2020-09-11
$蔚来(NIO)$
老蔚来股东了,预测今晚估计收在18之上,软件显示期权昨天大量平仓了,今天开盘洗了也平的差不多了。
期权哥哥
2020-09-10
$蔚来(NIO)$
盘中每次特斯拉拉升这货就不动,特斯拉小调整几毛钱,它也跌1毛钱,见鬼了。
期权哥哥
2020-08-11
$蔚来(NIO)$
埋伏赌财报的开盘赶紧都走吧,别影响我们这些老股东。
期权哥哥
2020-07-28
$蔚来(NIO)$
感觉似乎在洗盘,不知道要洗几天了。洗盘+磨期权。
期权哥哥
2020-07-22
$蔚来(NIO)$
安徽最近强降雨,蔚来工厂再巢湖边上,不知道会不会受影响。天气预报过两天还有大雨要下,希望工厂端做好防控,设备一泡水可就完蛋了。
期权哥哥
2020-07-03
$蔚来(NIO)$
论坛里面死忠粉太多了压制了股价,多一些空头活跃反而更好。
去老虎APP查看更多动态
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friends tell me that NIO will sell 100,000 in 2021, and over 160,000 in 2022.","listText":"my friends tell me that NIO will sell 100,000 in 2021, and over 160,000 in 2022.","text":"my friends tell me that NIO will sell 100,000 in 2021, and over 160,000 in 2022.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174668700","repostId":"1112927800","repostType":2,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://www.laohu8.com/m/news/1112927800?lang=zh_CN&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li> <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li> <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何,蔚来的独特卖点,以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择,相对于特斯拉的估值,它似乎并不太昂贵。</li><li>然而,蔚来并不是一只低风险股票,它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司(蔚来)是中国领先的电动汽车制造商之一,通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而,如今,该公司仍然比目前引领全球电动汽车市场的特斯拉(TSLA)小得多。蔚来目前专注于国内市场,当特斯拉还是一家较小的公司时也是如此,但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长,但如果蔚来能够复制特斯拉的成功,这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年,两家公司都受益于人们对电动汽车日益增长的兴趣,这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合,让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%,而特斯拉同期上涨了101%。然而,两家公司目前的交易价格均低于2021年初创下的历史高点,随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价,我们发现特斯拉的交易价格几乎完全符合共识,而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的,那么蔚来是一项更好的投资,因为预计特斯拉的股价明年不会大幅上涨,而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗?</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处,但也有不同之处。因此,人们可以说,在某些方面,两者是相似的,但在另一些方面,它们不是。让我们看几件事:</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域,尽管特斯拉多年来也在发展其他一些业务,例如储能。特斯拉的大部分收入来自销售电动汽车,这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场,销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆,特斯拉是著名的S、X、3和Y,而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司,但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施,就特斯拉而言,这就是Supercharger网络,特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法,为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池,这一过程需要几分钟,因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此,BaaS在充电/交换所需时间方面具有优势,但应该指出的是,与蔚来的电池交换站相比,特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出,但与包括特斯拉在内的所有其他电动汽车厂商相比,蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察,但随着电动汽车领域的竞争加剧,这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大,无论是在收入和汽车销量方面,还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车,同比增长112%,年增长率约为90,000辆。与此同时,特斯拉在第二季度交付了201,000辆汽车,高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长,尽管略低于100%,因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比,特斯拉每季度交付的汽车数量约为9倍,当我们查看两家公司的市值时,我们发现这一比例几乎完全相同,因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下,这是完全有道理的,但目前看来蔚来可能是更好的交易,因为它的估值相当,同时产生更好的增长。在未来几个季度尤其如此,预计特斯拉的增长将放缓:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元,年增长率为30%。与此同时,蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元,年增长率为54%。因此,相对而言,预计未来两年蔚来的增长速度将远远快于特斯拉。老实说,这并不奇怪,因为大数定律表明,对于一家规模越大的公司来说,保持大幅增长率就变得越来越困难,而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错,事实上,许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比,特斯拉未来几年的增长将不那么令人兴奋,而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时,情况也是如此。蔚来2025年的收入预期为226亿美元,比2023年的预期再增长80%,比分析师对2021年的预测增长320%。与此同时,特斯拉预计2025年的收入将达到1,225亿美元,这是一个很大的数字,但比2023年增长了48%,比2021年总共增长了150%。因此,在2021年至2025年间,蔚来的收入将增加4倍,而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下,这是一个有意义的差异,应该允许蔚来获得溢价估值,就像特斯拉一样。与大众汽车(OTCPK:VWAGY)等传统企业相比,它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期,我们发现蔚来的市盈率为2025年销售额的3.2倍,而特斯拉2025年的销售额倍数为5.2倍。因此,对于长期投资者来说,蔚来今天似乎更有价值,因为当我们展望未来时,它的销售倍数要低得多。然而,这并不一定意味着蔚来很便宜,因为与传统汽车公司的估值相比,即使2025年3.2倍的销售倍数也相对较高。然而,蔚来看起来比特斯拉便宜,尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗?</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今,蔚来的规模明显小于特斯拉,因此其市值也相应地小得多。还应该指出的是,不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少,它的股票今天有可能被严重高估,我个人也相信这一点(请注意,有些人会认为股票定价过低,这也是一种可能性,尽管我个人并不持有这种信念)。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的,并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时,那么蔚来最终也可能达到这一目标,尽管不是在短期内。蔚来今年将销售约9万辆汽车,2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%,那么到2030年(即9年后),它可能会售出约80万辆汽车。如果想要更快的增长,也可以在2030年之前跨越每年80万辆汽车的界限,例如2028年或2029年。如果我们现在确实选择2030年,那么按照与特斯拉类似的交付量与市值比率,蔚来到2030年的估值可能会超过6000亿美元。换句话说,如果我们假设当前的增长预测是现实的,并且类似特斯拉的估值是合适的,那么九年后蔚来的价值可能会与特斯拉(今天)一样高。当然,这是两个主要的如果,尤其是第二点,我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶,因此蔚来的市值在2030年可能远低于6000亿美元的水平,即使它继续大幅增长。蔚来的增长也有可能令人失望,目前的预测过于乐观,尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌,处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是,特斯拉2030年的市值可能与6000亿美元有很大不同,因此即使蔚来达到这一水平,也不能保证两家公司的市值会相似。到那时,特斯拉的估值可能会高得多,例如如果方舟模型是正确的(我个人认为不太可能)。为了回答上述问题,人们可以说,蔚来可能在8-10年内像特斯拉一样价值数千亿美元,但这根本不能保证。即使这种情况发生,到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗?</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时,它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反,投资者应该问自己,未来几年他们可以预期的总回报是多少,以及相对于蔚来商业模式的风险,这些预期回报是否足够高。关于这些风险,应该提到的事实是,该公司尚未盈利,这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是,电动汽车领域的竞争正在加剧,市场份额之争可能会在未来几年给利润率带来压力,尽管蔚来似乎由于其电池交换而处于相对有利的地位,我认为这是一个强大的USP。最后但并非最不重要的是,该公司对中国本土市场的依赖是一个应该牢记的潜在风险,尽管还应该指出的是,目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说,相对于传统汽车公司的估值,整个电动汽车行业的估值过高。与纯电动汽车相比,即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业,其交易也有巨大的折扣。但如果你想投资纯电动汽车,蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率,并且与电动汽车之王特斯拉的估值相比,股票交易价格有折扣。与其他纯电动汽车公司相比,蔚来2025年收入略高于3倍,似乎并不算太贵,当然,与传统公司相比,这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型,从长远来看,其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资,蔚来股票也可能有相当大的下跌空间,然而,这并不是一个低风险的选择。根据您的风险承受能力,如果您想要高增长的纯电动汽车,蔚来仍然可能具有价值。</blockquote></p><p></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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks<blockquote>蔚来股票会追随特斯拉的脚步吗?这两只电动汽车股票之间需要考虑什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-07-24 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li> <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li> <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p><p><blockquote><ul><li>让我们来看看今天的蔚来与特斯拉相比如何,蔚来的独特卖点,以及两家公司的相似之处。</li><li>蔚来是一个高增长的选择,相对于特斯拉的估值,它似乎并不太昂贵。</li><li>然而,蔚来并不是一只低风险股票,它可能并不是每个人的好选择。投资者还应该考虑蔚来与传统汽车公司的估值。</li></ul><p class=\"t-img-caption\"><span>ipopba/iStock来自Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p><p><blockquote>蔚来公司(蔚来)是中国领先的电动汽车制造商之一,通过其有吸引力的品牌和独特的BaaS产品吸引了消费者和投资者的极大兴趣。然而,如今,该公司仍然比目前引领全球电动汽车市场的特斯拉(TSLA)小得多。蔚来目前专注于国内市场,当特斯拉还是一家较小的公司时也是如此,但蔚来也将试图在海外市场抢占市场份额。股价已经反映了很大的增长,但如果蔚来能够复制特斯拉的成功,这可能是非常合理的。</blockquote></p><p> <b>NIO And TSLA Stock Prices</b></p><p><blockquote><b>蔚来和特斯拉股价</b></blockquote></p><p> Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p><p><blockquote>2020年,两家公司都受益于人们对电动汽车日益增长的兴趣,这一趋势导致大多数纯电动汽车公司的股价迅速上涨。电动汽车市场份额不断增长、电动汽车购买补贴等宽松政策以及大规模货币刺激措施相结合,让蔚来和特斯拉的股价迅速上涨。蔚来去年上涨了245%,而特斯拉同期上涨了101%。然而,两家公司目前的交易价格均低于2021年初创下的历史高点,随后纯电动汽车的市场情绪在一定程度上降温。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p><p><blockquote>快速浏览一下分析师的目标价,我们发现特斯拉的交易价格几乎完全符合共识,而蔚来的交易价格比分析师目标低约30%。如果分析师界是正确的,那么蔚来是一项更好的投资,因为预计特斯拉的股价明年不会大幅上涨,而蔚来的股价较分析师目标价有显着上涨空间。</blockquote></p><p> <b>Is NIO Similar To Tesla?</b></p><p><blockquote><b>蔚来和特斯拉相似吗?</b></blockquote></p><p> The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p><p><blockquote>这个问题的答案取决于你关注的是什么。两家公司有相似之处,但也有不同之处。因此,人们可以说,在某些方面,两者是相似的,但在另一些方面,它们不是。让我们看几件事:</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p><p><blockquote>两家公司都专注于电动汽车领域,尽管特斯拉多年来也在发展其他一些业务,例如储能。特斯拉的大部分收入来自销售电动汽车,这也是蔚来的运营方式。两家公司都专注于电动汽车的高端市场,销售与宝马、梅赛德斯和雷克萨斯等品牌竞争的高价汽车。两家公司都提供少量不同的车辆,特斯拉是著名的S、X、3和Y,而蔚来则提供一款轿车(ET7)和三款SUV(EC6、ES6、ES8)。尽管蔚来如今是一家规模较小的公司,但两家公司的车型阵容并没有太大差异。</blockquote></p><p> Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p><p><blockquote>两家公司都向客户提供某种类型的充电基础设施,就特斯拉而言,这就是Supercharger网络,特斯拉车主可以根据安装的Supercharger版本为汽车充电高达250kW。蔚来正在采取不同的方法,为客户提供电池即服务解决方案。蔚来车主可以在蔚来的充电站将电池更换为充满电的电池,这一过程需要几分钟,因此与特斯拉和其他电动汽车厂商提供的常规电动汽车充电相比要快得多。因此,BaaS在充电/交换所需时间方面具有优势,但应该指出的是,与蔚来的电池交换站相比,特斯拉的超级充电站在世界各地更为常见。在其他市场推出该功能将需要大量资本支出,但与包括特斯拉在内的所有其他电动汽车厂商相比,蔚来的产品是一个独特的卖点。这最终是否会得到回报还有待观察,但随着电动汽车领域的竞争加剧,这可能成为蔚来的一大优势。</blockquote></p><p> <b>Size, growth, and valuation</b></p><p><blockquote><b>规模、增长和估值</b></blockquote></p><p></p><p> The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p><p><blockquote>这两家公司的规模差异很大,无论是在收入和汽车销量方面,还是在两家公司的市值方面。蔚来第二季度交付了22,000辆汽车,同比增长112%,年增长率约为90,000辆。与此同时,特斯拉在第二季度交付了201,000辆汽车,高于2020年第二季度的103,000辆汽车。这是一个强劲的同比增长,尽管略低于100%,因此低于蔚来目前的增长率。</blockquote></p><p> Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p><p><blockquote>与蔚来相比,特斯拉每季度交付的汽车数量约为9倍,当我们查看两家公司的市值时,我们发现这一比例几乎完全相同,因为特斯拉6400亿美元的市值约为9倍。蔚来的市值为720亿美元。在类似的增长率下,这是完全有道理的,但目前看来蔚来可能是更好的交易,因为它的估值相当,同时产生更好的增长。在未来几个季度尤其如此,预计特斯拉的增长将放缓:</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p><p><blockquote>特斯拉的收入预计将从2021年的490亿美元增长到2023年的830亿美元,年增长率为30%。与此同时,蔚来的收入预计将在2021年至2023年间从54亿美元猛增至128亿美元,年增长率为54%。因此,相对而言,预计未来两年蔚来的增长速度将远远快于特斯拉。老实说,这并不奇怪,因为大数定律表明,对于一家规模越大的公司来说,保持大幅增长率就变得越来越困难,而特斯拉现在似乎已经达到了这一点——每年增加50%以上的收入将永远不可能。这甚至不一定是特斯拉的错,事实上,许多优质成长型公司都经历过同样的事情。但投资者仍应考虑这一重要事实——与我们过去看到的相比,特斯拉未来几年的增长将不那么令人兴奋,而蔚来等同行的增长速度更快。</blockquote></p><p> The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p><p><blockquote>当我们从长远来看时,情况也是如此。蔚来2025年的收入预期为226亿美元,比2023年的预期再增长80%,比分析师对2021年的预测增长320%。与此同时,特斯拉预计2025年的收入将达到1,225亿美元,这是一个很大的数字,但比2023年增长了48%,比2021年总共增长了150%。因此,在2021年至2025年间,蔚来的收入将增加4倍,而特斯拉的收入将在同一时期增加2.5倍——在其他条件相同的情况下,这是一个有意义的差异,应该允许蔚来获得溢价估值,就像特斯拉一样。与大众汽车(OTCPK:VWAGY)等传统企业相比,它值得获得溢价估值。</blockquote></p><p> Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p><p><blockquote>相对于两家公司目前的估值来看2025年的收入预期,我们发现蔚来的市盈率为2025年销售额的3.2倍,而特斯拉2025年的销售额倍数为5.2倍。因此,对于长期投资者来说,蔚来今天似乎更有价值,因为当我们展望未来时,它的销售倍数要低得多。然而,这并不一定意味着蔚来很便宜,因为与传统汽车公司的估值相比,即使2025年3.2倍的销售倍数也相对较高。然而,蔚来看起来比特斯拉便宜,尽管其股价绝对并不便宜。</blockquote></p><p> <b>Can NIO Be Worth As Much As Tesla?</b></p><p><blockquote><b>蔚来能和特斯拉一样值钱吗?</b></blockquote></p><p> The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).</p><p><blockquote>这个问题的答案取决于你所关注的时间框架。如今,蔚来的规模明显小于特斯拉,因此其市值也相应地小得多。还应该指出的是,不能保证特斯拉的股票是电动汽车公司应该如何估值的一个很好的例子——至少,它的股票今天有可能被严重高估,我个人也相信这一点(请注意,有些人会认为股票定价过低,这也是一种可能性,尽管我个人并不持有这种信念)。</blockquote></p><p></p><p> When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p><p><blockquote>当我们暂时假设特斯拉今天的估值是正确的,并且电动汽车公司每年销售约80万辆汽车时确实应该获得6000亿美元的市值时,那么蔚来最终也可能达到这一目标,尽管不是在短期内。蔚来今年将销售约9万辆汽车,2025年这一数字将增长至约40万辆。如果蔚来的销量在此之后每年增长15%,那么到2030年(即9年后),它可能会售出约80万辆汽车。如果想要更快的增长,也可以在2030年之前跨越每年80万辆汽车的界限,例如2028年或2029年。如果我们现在确实选择2030年,那么按照与特斯拉类似的交付量与市值比率,蔚来到2030年的估值可能会超过6000亿美元。换句话说,如果我们假设当前的增长预测是现实的,并且类似特斯拉的估值是合适的,那么九年后蔚来的价值可能会与特斯拉(今天)一样高。当然,这是两个主要的如果,尤其是第二点,我认为还远未确定。我个人不会对特斯拉的估值压缩感到太惊讶,因此蔚来的市值在2030年可能远低于6000亿美元的水平,即使它继续大幅增长。蔚来的增长也有可能令人失望,目前的预测过于乐观,尽管我认为蔚来凭借其独特的BaaS模式和在国内市场特别受认可的强大品牌,处于良好的增长地位。</blockquote></p><p> It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p><p><blockquote>还应该指出的是,特斯拉2030年的市值可能与6000亿美元有很大不同,因此即使蔚来达到这一水平,也不能保证两家公司的市值会相似。到那时,特斯拉的估值可能会高得多,例如如果方舟模型是正确的(我个人认为不太可能)。为了回答上述问题,人们可以说,蔚来可能在8-10年内像特斯拉一样价值数千亿美元,但这根本不能保证。即使这种情况发生,到那时特斯拉的价值也可能会高得多。</blockquote></p><p> <b>Is NIO A Good Stock To Buy Or Sell Now?</b></p><p><blockquote><b>蔚来现在是买入或卖出的好股票吗?</b></blockquote></p><p> When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p><p><blockquote>当将蔚来视为一项投资时,它最终是否会变得像特斯拉一样庞大或估值很高并不重要。相反,投资者应该问自己,未来几年他们可以预期的总回报是多少,以及相对于蔚来商业模式的风险,这些预期回报是否足够高。关于这些风险,应该提到的事实是,该公司尚未盈利,这意味着蔚来依赖其资产负债表上的现金进行增长投资。最重要的是,电动汽车领域的竞争正在加剧,市场份额之争可能会在未来几年给利润率带来压力,尽管蔚来似乎由于其电池交换而处于相对有利的地位,我认为这是一个强大的USP。最后但并非最不重要的是,该公司对中国本土市场的依赖是一个应该牢记的潜在风险,尽管还应该指出的是,目前中国政府似乎对中国电动汽车公司非常包容。</blockquote></p><p> One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p><p><blockquote>有人可能会说,相对于传统汽车公司的估值,整个电动汽车行业的估值过高。与纯电动汽车相比,即使是大众汽车或福特等拥有有吸引力的电动汽车产品的传统企业,其交易也有巨大的折扣。但如果你想投资纯电动汽车,蔚来似乎是一个不错的选择。该公司结合了强大的品牌、独特的BaaS产品、高增长率,并且与电动汽车之王特斯拉的估值相比,股票交易价格有折扣。与其他纯电动汽车公司相比,蔚来2025年收入略高于3倍,似乎并不算太贵,当然,与传统公司相比,这仍然代表着溢价。如果蔚来能够表现良好并继续推出深受消费者欢迎的新车型,从长远来看,其股价可能具有巨大的上涨潜力。如果电动汽车股票成为不受欢迎的投资,蔚来股票也可能有相当大的下跌空间,然而,这并不是一个低风险的选择。根据您的风险承受能力,如果您想要高增长的纯电动汽车,蔚来仍然可能具有价值。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">seekingalpha</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334801895,"gmtCreate":1610722828817,"gmtModify":1703746624374,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 几十万张今晚到期的期权,会不会狠杀?","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 几十万张今晚到期的期权,会不会狠杀?","text":"$蔚来(NIO)$ 几十万张今晚到期的期权,会不会狠杀?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/334801895","isVote":1,"tweetType":1,"viewCount":2727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":338446177,"gmtCreate":1609950314799,"gmtModify":1703741637627,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/IQ\">$爱奇艺(IQ)$</a> 18.8震荡接近一个小时,骗走了我的筹码。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/IQ\">$爱奇艺(IQ)$</a> 18.8震荡接近一个小时,骗走了我的筹码。","text":"$爱奇艺(IQ)$ 18.8震荡接近一个小时,骗走了我的筹码。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/338446177","isVote":1,"tweetType":1,"viewCount":4821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399074367,"gmtCreate":1605887505159,"gmtModify":1703840355738,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$哔哩哔哩(BILI)$</a> 周五开盘一个半小时,想走的应该都走差不多了吧。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$哔哩哔哩(BILI)$</a> 周五开盘一个半小时,想走的应该都走差不多了吧。","text":"$哔哩哔哩(BILI)$ 周五开盘一个半小时,想走的应该都走差不多了吧。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399074367","isVote":1,"tweetType":1,"viewCount":2525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":390296652,"gmtCreate":1605797332276,"gmtModify":1703839687090,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$哔哩哔哩(BILI)$</a> 开盘这一波高开下杀,赌财报的应该走了一半了吧。一会儿再杀一下估计能走光了。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$哔哩哔哩(BILI)$</a> 开盘这一波高开下杀,赌财报的应该走了一半了吧。一会儿再杀一下估计能走光了。","text":"$哔哩哔哩(BILI)$ 开盘这一波高开下杀,赌财报的应该走了一半了吧。一会儿再杀一下估计能走光了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390296652","isVote":1,"tweetType":1,"viewCount":3008,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":390942476,"gmtCreate":1605705474395,"gmtModify":1703839094595,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/JKS\">$晶科能源(JKS)$</a>其他太阳能票连续大涨,这票是财报前压盘吧","listText":"<a href=\"https://laohu8.com/S/JKS\">$晶科能源(JKS)$</a>其他太阳能票连续大涨,这票是财报前压盘吧","text":"$晶科能源(JKS)$其他太阳能票连续大涨,这票是财报前压盘吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/390942476","isVote":1,"tweetType":1,"viewCount":4287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":302904636,"gmtCreate":1604504447625,"gmtModify":1703833527119,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 兄弟们,涨得太可怕了,我先走了避避风头,你们继续赚大钱。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 兄弟们,涨得太可怕了,我先走了避避风头,你们继续赚大钱。","text":"$蔚来(NIO)$ 兄弟们,涨得太可怕了,我先走了避避风头,你们继续赚大钱。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/302904636","isVote":1,"tweetType":1,"viewCount":4086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":974664404,"gmtCreate":1601042410608,"gmtModify":1703823447854,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 每个周五都要杀半天的期权,太难了。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 每个周五都要杀半天的期权,太难了。","text":"$蔚来(NIO)$ 每个周五都要杀半天的期权,太难了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/974664404","isVote":1,"tweetType":1,"viewCount":3730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":972317358,"gmtCreate":1600097226674,"gmtModify":1703820338424,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 大盘无虞,睡觉去。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 大盘无虞,睡觉去。","text":"$蔚来(NIO)$ 大盘无虞,睡觉去。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/972317358","isVote":1,"tweetType":1,"viewCount":3583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":972394566,"gmtCreate":1600093905055,"gmtModify":1703820310248,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479297331378553","idStr":"3479297331378553"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 看了一下,本周存量末日期权比上周还多,难怪涨不起来,机构卖卖期权爽得很,股价横盘才好。","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> 看了一下,本周存量末日期权比上周还多,难怪涨不起来,机构卖卖期权爽得很,股价横盘才好。","text":"$蔚来(NIO)$ 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关心蔚来的朋友都知道蔚来汽车最近订单爆发增长,新下订单很多要到明年2月提车,海南、南京、北京多地NIO House展车都被卖掉了,所谓的北京长草的ES8库存也都被卖差不多了。 昨天,蔚来股票不允许做空了,这个时间节点,今天突然来一个供应商来股吧,说蔚来订单下滑甚至没有订单,还逐一回复评论互动,动机可疑。 因为本身是汽车从业人员,多个朋友是是蔚来合肥供应商,说一下近期了解的蔚来的情况。 1、蔚来年初下的订单量很大,后来受自燃和负面评价影响,砍单了很多。但是蔚来给的价格很厚道,所以至今没有供应商催款打官司的情况出现。 2、蔚来进入四季度,尤其是11月份呢以后,订单爆发式增长,目前四季度三个月,两个供应商朋友接到的订单已经超过7000台,而且这几天还在追加了几百台,其中有1/6左右是ES8车型,由于二孩家庭的需求,ES8的7座车还是有很多人订的,明年应该不会停产。 3、蔚来目前每天平均新增订单150+,10月至11月20号的累计订单已经超过6000台,四季度订单量超10000台没有问题;但考虑到订单交付的平滑性,部分订单尤其是零部件供应紧张(核心供应商部分器件年底被奔驰、奥迪、宝马抢单)导致的后续订单放在明年1-2月生产,所以从今年10月份起,连续半年时间,蔚来应该都可以提供一条平滑向上的交付曲线。 4、蔚来的NIO Day会有新车型发布,但不会下沉到20万,20万及以下的车是广汽蔚来生产的“合创”品牌,最近已经在几个主流媒体平台预热了。 5、蔚来虽然存在砍单行为,但对供应商非常厚道,现在订单爆发增长,各大供应商追加订单的节点,突然有号称供应商的股友跑股吧里面来说蔚来没订单了,是何居心,大家自行判断吧。 附几张蔚来销售情况的图吧,找朋友核实了,都是真的,有疑问的可以自己去各地的NIO house 或者NIO space去核实。","listText":"$蔚来(NIO)$ 关心蔚来的朋友都知道蔚来汽车最近订单爆发增长,新下订单很多要到明年2月提车,海南、南京、北京多地NIO House展车都被卖掉了,所谓的北京长草的ES8库存也都被卖差不多了。 昨天,蔚来股票不允许做空了,这个时间节点,今天突然来一个供应商来股吧,说蔚来订单下滑甚至没有订单,还逐一回复评论互动,动机可疑。 因为本身是汽车从业人员,多个朋友是是蔚来合肥供应商,说一下近期了解的蔚来的情况。 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3、蔚来目前每天平均新增订单150+,10月至11月20号的累计订单已经超过6000台,四季度订单量超10000台没有问题;但考虑到订单交付的平滑性,部分订单尤其是零部件供应紧张(核心供应商部分器件年底被奔驰、奥迪、宝马抢单)导致的后续订单放在明年1-2月生产,所以从今年10月份起,连续半年时间,蔚来应该都可以提供一条平滑向上的交付曲线。 4、蔚来的NIO Day会有新车型发布,但不会下沉到20万,20万及以下的车是广汽蔚来生产的“合创”品牌,最近已经在几个主流媒体平台预热了。 5、蔚来虽然存在砍单行为,但对供应商非常厚道,现在订单爆发增长,各大供应商追加订单的节点,突然有号称供应商的股友跑股吧里面来说蔚来没订单了,是何居心,大家自行判断吧。 附几张蔚来销售情况的图吧,找朋友核实了,都是真的,有疑问的可以自己去各地的NIO house 或者NIO space去核实。","images":[{"img":"https://static.tigerbbs.com/f07c0129c39da8b2604fa025da98476c"},{"img":"https://static.tigerbbs.com/7ec48a6300c8a563130da92cecb17bba"},{"img":"https://static.tigerbbs.com/cbd1af960a4a7956d1d1be031e3cfe37"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":24,"commentSize":11,"repostSize":1,"link":"https://laohu8.com/post/934265018","isVote":1,"tweetType":1,"viewCount":24224,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3435655686982177","authorId":"3435655686982177","name":"交易wei生","avatar":"https://static.tigerbbs.com/8d7089c97a952e0c1f938647435df9e8","crmLevel":6,"crmLevelSwitch":1,"idStr":"3435655686982177","authorIdStr":"3435655686982177"},"content":"我特意去本地新开业的展台问了一下,我说我想订车大概啥时候能到,工作人员说大概两个月,他说明年元旦就要退坡了,国家补贴的会比较少。我猜想最近三个月订车肯定少不了,但是明年一月正式退坡之后订单就不好说了,毕竟都提前释放了。","text":"我特意去本地新开业的展台问了一下,我说我想订车大概啥时候能到,工作人员说大概两个月,他说明年元旦就要退坡了,国家补贴的会比较少。我猜想最近三个月订车肯定少不了,但是明年一月正式退坡之后订单就不好说了,毕竟都提前释放了。","html":"我特意去本地新开业的展台问了一下,我说我想订车大概啥时候能到,工作人员说大概两个月,他说明年元旦就要退坡了,国家补贴的会比较少。我猜想最近三个月订车肯定少不了,但是明年一月正式退坡之后订单就不好说了,毕竟都提前释放了。"},{"author":{"id":"3499940604152760","authorId":"3499940604152760","name":"乌利赛斯","avatar":"https://static.tigerbbs.com/eb4b1d0cdd5bcea45addd4f294d3d11d","crmLevel":5,"crmLevelSwitch":0,"idStr":"3499940604152760","authorIdStr":"3499940604152760"},"content":"我觉得这货是在给空投下套,毕竟机构不可能听他来忽悠,蔚来粉最近也都知道订单暴增是事实。只有不打算买车的散户空头和吃瓜群众会被他忽悠。😜","text":"我觉得这货是在给空投下套,毕竟机构不可能听他来忽悠,蔚来粉最近也都知道订单暴增是事实。只有不打算买车的散户空头和吃瓜群众会被他忽悠。😜","html":"我觉得这货是在给空投下套,毕竟机构不可能听他来忽悠,蔚来粉最近也都知道订单暴增是事实。只有不打算买车的散户空头和吃瓜群众会被他忽悠。😜"}],"imageCount":4,"langContent":"CN","totalScore":0},{"id":937338037,"gmtCreate":1574746751829,"gmtModify":1704728424497,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479297331378553","authorIdStr":"3479297331378553"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> Jim Cramer,CNBC著名主持人,特斯拉长期大空头,今天下午和老婆去试驾特斯拉,当场决定购买Model X,并对特斯拉由空转多。看来空头转多头就是一次试驾这么简单。","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> Jim Cramer,CNBC著名主持人,特斯拉长期大空头,今天下午和老婆去试驾特斯拉,当场决定购买Model X,并对特斯拉由空转多。看来空头转多头就是一次试驾这么简单。","text":"$特斯拉(TSLA)$ Jim Cramer,CNBC著名主持人,特斯拉长期大空头,今天下午和老婆去试驾特斯拉,当场决定购买Model X,并对特斯拉由空转多。看来空头转多头就是一次试驾这么简单。","images":[{"img":"https://static.tigerbbs.com/b19ddc289ff79a933d3d1521d7b93c57","width":"1242","height":"2208"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":17,"commentSize":16,"repostSize":0,"link":"https://laohu8.com/post/937338037","isVote":1,"tweetType":1,"viewCount":6173,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3494420044734025","authorId":"3494420044734025","name":"Lady_Susu","avatar":"https://static.tigerbbs.com/7655df6b0f443f50fb6475e358d661c0","crmLevel":6,"crmLevelSwitch":0,"idStr":"3494420044734025","authorIdStr":"3494420044734025"},"content":"不是蔚来准车主嘛。。。","text":"不是蔚来准车主嘛。。。","html":"不是蔚来准车主嘛。。。"},{"author":{"id":"3445159013366322","authorId":"3445159013366322","name":"一秒的循环","avatar":"https://static.tigerbbs.com/2ca6258f3dfefdf2fa4d08a71a8aa26a","crmLevel":2,"crmLevelSwitch":1,"idStr":"3445159013366322","authorIdStr":"3445159013366322"},"content":"这车是送的吧,态度转变180度还不带转弯的。","text":"这车是送的吧,态度转变180度还不带转弯的。","html":"这车是送的吧,态度转变180度还不带转弯的。"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":948526274,"gmtCreate":1595426496098,"gmtModify":1704208942763,"author":{"id":"3479297331378553","authorId":"3479297331378553","name":"期权哥哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479297331378553","authorIdStr":"3479297331378553"},"themes":[],"htmlText":"<a 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