citron nio stock
Sorry, your blog cannot share posts by email. For Biden, now is a time to get back to where we were before Trump and restore decency to LGBTQ policy. NIO is currently priced at similar valuation multiples to TSLA. According to our analyses, this stock has recently been a big favorite of retail investors and has regularly occupied the top spots on our retail popularity list. Left has long targeted companies that he thinks are over-valued. What Citron is saying is that NIO faces more competition with Tesla's 45% market share in the US EV market and NIO's 3% market share in the Chinese EV market. Two years ago, NIO was trading at just $7 when Citro n recommended buying the stock as the company and its charismatic leader William Li intrigued us. The plea will take place a day after Republicans required the 628-page legislation be read aloud, NAACP accuses Trump of disenfranchising Black voters and trying to ‘destroy democracy’. Citron Research pulls the plug on its recommendation on Nio (NIO +11.3%) about two years after making a surprising bullish call on the EV automaker. Two months after Capitol attack, embittered conspiracy cult holds out for last-ditch effort to revive former president – but law enforcement warns that the insurrection was not an isolated event. Xiaomi's foldable phone may be named MIX 4 Pro Max, China-made millimeter wave chip sets world record for detection distance, Luckin Coffee restructures organization after executive infighting ends, Origin Pilot - China's first quantum computer operating system released, Luckin Coffee files for Chapter 15 bankruptcy protection in New York, Geely's plant capable of producing over 500 satellites per year approved for production, Zhihu, Chinese equivalent of Quora, files for US IPO, Alibaba's DAMO Academy says aiming for major breakthroughs in chips and quantum computing, Tencent launches its biggest recruitment ever, Douyin announces partnership with Euro 2020. Known as the wind phone, it was built by Itaru Sasaki, who created it after he lost his own cousin to cancer a year before the Fukushima disaster. However, the main argument Citron used to short NIO was competition from Tesla. Mourners, many of them young like she was, filed past her open coffin, chanting slogans and singing protest songs. Citron has a $25 price target for Nio stock, which is 50 percent lower than its market price. Sometimes progress means breaking new ground. Conners surged into the lead with a 25-foot eagle putt on the par-5 16th hole — his second eagle on that hole in two days — for a 3-under 69 and a one-shot advantage over former Bay Hill winner Martin Laird (67). I wonder if Citron has deeper considerations and hidden agendas? I don't think this question should just compare NIO to GM, but more realistically compare the traditional car companies separately from the emerging smart car companies. The latter add personalized and intelligent technology attributes, where not only the software can be OTA'd, but even the hardware can be upgraded midway. Biden and Democratic leaders are pushing for passage before March 14 when unemployment benefits approved under an earlier relief bill expire. State media praises NIO-led battery swap model in two articles on same day. So, comparing the market cap of $50 billion NIO with Mercedes, BMW, Audi, and GM doesn't make much sense in and of itself. The former has manufacturing attributes, large-scale industrial product attributes, and the product is set in stone when it is produced and delivered to the customer. ET First Published: Feb. 25, 2021 at … She was wearing a T-shirt that read "Everything will be OK" as Myanmar police shot her in the head, on the bloodiest day yet since last month's coup.Hundreds of people attended the funeral of Angel, a 19-year-old woman also known as Kyal Sin, in Mandalay on Thursday (March 4). The potential of the U.S. auto market itself is much smaller than China's. There's no doubt Citron has a strong track record in the past, and companies that have been shorted by them have often experienced big drops in their stock prices, and some have even faced serious legal consequences. That might have helped catalyze the selloff. But because they don't speak the language that consumers understand, and they don't have a clear enough brand, they get lost in the crowd and consumers don't even notice their strengths. With 17.58 million cars sold in the US in 2019, only 329,000 EVs will be sold, accounting for only 1.8% of the total. Citron also tries to support NIO's lack of competition by saying "Tesla sold more than twice as many units as NIO last month". But in reality, as a commodity that "combines consumer and technology attributes," consumers' buying decisions are not based on brand and price alone, but on a combination of many individual factors. is a typical one. The huge rally in China electric car stocks came to a screeching halt Friday after short seller Citron Research targeted Nio stock. Behind Chinese brands' efforts to enter high-end market: to become another NIO or Tesla? Shares fell 15 % in intra-day buying and selling, erasing two weeks’ features in half a day. Citron assigned a $25 price target on the Nio stock on Friday, implying a 48% downside to its last closing price. Citron Research on NIO. At present, the 3-5 leading car companies are rapidly gaining market share, but they continue to stimulate the potential of new domestic car companies, such as XPeng's NGP, NIO's NOP, and the battery swap model being developed by several car companies, which significantly accelerate the pace of trial and error and growth of domestic car companies, which is obviously a healthier market. The White House announced six additional staffers to its National Economic Council, including Columbia University professor Tim Wu, who coined the term "net neutrality" and has warned against an economy dominated by a few giant firms. This statement is a classic logical fallacy, small market share does not mean less competitive, especially since it focuses on a static point in time and ignores trends over time. They classify NIO and Tesla as technology companies and value them according to the category of technology companies, which is fundamentally different. Amid novel coronavirus and presidential election tension in the United States, investors have found comfort in … Germany made the vaccine available to over-65s after Angela Merkel, the chancellor, called for age restrictions to be lifted. It also cites a Deutsche Bank report to support this view: We continue to see some risk that Tesla could materially cut the price of its locally made (MIC) Model Y from 488k RMB ($73k) to This could potentially hurt near-term sentiment and slow down NIO's order book momentum considering it would be a direct competitor to the NIO. In particular, the main pillar of the bearish argument focuses on the upcoming launch of Tesla's locally made Model Y SUV and likely price cut which would hurt demand for NIO's comparable offersing (ES6 and EC6). Post was not sent - check your email addresses! While we continue to view this as a risk, we see it as a temporary headwind which will subsequently be more than offset by NIO's growing brand awareness. The following is a translated version of his full article. Greece and Sweden announced they would lift age restrictions on the jab following Belgium, with Spain considering following suit as realisation dawns that countries were wrong not to follow Britain's lead in approving it for all ages. NIO and Tesla are starting to face each other, Chart: many long-term investors become institutional shareholders of NIO (November 2020). With EVs still in niche demand, the lack of competition in the US EV market makes it objectively unhealthy. In fact, the US EV market is not mature, it's a market where there are no other brands except Tesla. Even Citron, a "famous" short seller, has issued a report on NIO's share price of $25, which is available on their website. Citron shorts NIO. Citron argues that the upcoming China-made Tesla Model Y poses a threat to NIO's prospects. The stock rose as much as 12.2% earlier in the session after upbeat quarterly results from peer Li Auto. [Exclusive] World's largest hedge fund almost doubles its position in NIO in Q3. The view of Weibo finance blogger @看透市场迷雾 (literally means seeing through market mist), who writes in "Why is the Citron shorting report on NIO very hollow?" It's a place that embraces not only the people who are alive but also those who had passed away. November 27, 2018 - 4:45 pm; NIO … Citron congratulated Hindenburg in a Friday tweet, saying it was "exposing what appears to be a total fraud" with Nikola. Short sellers, who have bet that Nio's stock price will fall, have logged $3.5 billion in mark-to-market losses this year, according to S3 Partners. Nio stock plummeted Friday on the information. Investors can’t be blamed for taking profits. People who used to ride motorcycles are gradually buying Wuling Hongguang MINI EVs, while those with higher demand may choose Tesla or NIOs, giving EV brands at all price points plenty of room to grow. Citron stated that NIO's stock price should be around USD 25 apiece, around six times higher than at the beginning of 2020 (USD 4), which also supports NIO's decent business performance. You have to be prepared for large swings in market capitalization (at the psychological level, and at the level of trading strategy), and you also have to be prepared to buy in tranches on the trade. Let's look at GM's market cap: $58.9 billion (November 13, 2020), And look at Tesla's market cap: $387.2 billion (November 13, 2020). The rapid increase in disposable income per capita is helping to improve the affordability of "mid to high end cars". Citron assigned a $25 price target on the Nio stock on Friday, implying a 48% downside to its last closing price. Why is the Citron shorting report on NIO very hollow? Revealing the whales in NIO: Bridgewater is not alone. These companies usually have one thing in common, and that is questionable financial practices that Citron has used to profit from their short sales. Updated: 15 Nov 2020, 11:13 AM IST Reuters Nio's ES6 hatchback model faces imminent threat from likely price cuts for Tesla's Model Y in China, Andrew Left-owned Citron said in an investor note. The NFL has worked to balance overtime over the past few years, but a radical new proposal could change the game for good. Nio, which has risen more than 12-fold this … Nio Inc - ADR NIO 2.24% shares were surging Monday after Citron Research’s Andrew Left said the stock is a ticking time bomb, comparing it to Tesla, Inc. TSLA 5.02%. Currently, China-made Model Y has an estimated price of 488,000 yuan ($73,895) in the country, according to Tesla's website. "This is the reality of black girls: One day you're called an icon, the next day, a threat," Gorman said in a tweet about the incident. Citron assigned a $25 price target on the Nio stock on Friday, implying a 48% downside to its last closing price. Due to Tesla's efforts over the years, the U.S. public has a higher acceptance of EVs, starting with the Tesla brand. I think to judge how much commercial value an enterprise has, we should focus on these aspects: whether it solves a specific problem, whether it brings efficiency improvement to society, and ultimately how much commercial value is created. (Reporting by Ayanti Bera and Munsif Vengattil; Editing by Maju Samuel). It embraces various people like the people affected (from the earthquake and tsunami). We think that Citron's action is not entirely worrying news for the company. I could walk in at any time,’ former press secretary says. Comments come as Brazil’s health system on the ‘verge of collapse’, Ms Chansley refused to condemn her son breaching the building, Activist group says Ted Cruz and Josh Hawley ‘deserve most blame for firing up violent mob of Trump supporters that attacked US Capitol and killed five people’. Congress braced for an assault. Their continued investment in intelligent and driverless technology and the results they have achieved are also beyond the reach of traditional car companies. I also had a few friends who shorted from $10 and profited handsomely when NIO fell to $2. Jens Spahn, the country's health minister, said: "This is good news for any elderly person waiting to be vaccinated. This is an absurd conclusion without a rigorous argument or process of proof. Nio's ES6 hatchback model faces imminent threat from likely price cuts for Tesla's Model Y in China, Andrew Left-owned Citron said in an investor note. Nio stock falls after short-seller Citron targets EV maker 1 min read. "I think breakups or undoing of mergers are actually called for more than we have appreciated in the last few decades," Wu has said previously about Big Tech companies. Money is smart, and investors of all types vote with their actions to categorize GM as a traditional company and value it according to its manufacturing attributes. TikTokers are pouring baking soda and vinegar down their drains to unclog them, and the hack has a professional cleaner's seal of approval. “When a stock is up 50% in three months, you take profits,” Left said. 1)TAM is big enough for both $TSLA and NIO: premium mid-size SUV segment alone is >700k units annually German 3 have >60% market share, MIC Model Y will take a lot more market share from ICE together with NIO, — Edison Yu (@edison__yu) November 16, 2020. In fact, there's been a lot of controversy since inception about how much NIO, Tesla, and other emerging car companies are worth because NIO is not on the usual path. After Tesla's market cap rose to $400 billion, Toyota's bosses decided Tesla wasn't worth it all. Short seller Citron is shorting NIO, says stock should go back to $25, But interestingly, Deutsche Bank said in a report released Monday that the sell report on NIO needs to be addressed given the stock price volatility and because "the author cites the bank's research but provides an incomplete picture of our view.". Analysts expect NIO sales to reach 100,000 units next year, 1, Lower pricing after Tesla Model Y nationalization will affect NIO's sales. Share Via. The flip side is brands like "Qoros", which may indeed have good hardware and even affordable prices. There's no denying that NIO's too-fast rise during the year has overspent expectations for the future, that short term investor staging will increase, and that institutions will consider short term performance and may appropriately avoid it. A white telephone box in a remote village of Japan has become an unlikely source of comfort for those grieving loved ones.Survivors of the 2011 Fukushima disaster say the unconnected phone line helps them keep in touch with those they have lost.Kazuyoshi Sasaki visits the booth in the town of Otsuchi to speak to his late wife.She was one of nearly 20,000 people in northeastern Japan who were killed by the earthquake and tsunami that struck on March 11, 2011.Dialling her now defunct cell, he breaks down in tears as he explains to her how he searched for her for days after the disaster.He goes onto update her on things that have happened in his life - he's moved out of temporary housing, their son is building him a house, and he's lost a bit of weight.For Sasaki, the phone booth is a source of solace:"This phone booth embraces all of me. Citron did not analyze from the market level, nor did it combine consumer psychology, customer demand, brand influence, battery swap technology line and other multiple angles to analyze in detail, and only gave a very simple conclusion. Corey Conners spent more time grinding out pars than chasing birdies, and that proved to be the right recipe Friday at the Arnold Palmer Invitational as Bay Hill began to bake under a warm sun. Jean Castex, the French prime minister, said the AstraZeneca vaccine was "very efficient" and as good as the other EU-approved jabs. Nio did not respond to a request for comment. Esports Entertainment stock soars after Andrew Left’s Citron says GameStop should buy the online gambling company Last Updated: Feb. 25, 2021 at 3:10 p.m. Two years after Citron recommended NIO stock, the firm says it is pulling the plug. Boris Johnson has yet to appoint a successor to his adviser on ministerial standards, more than three months after the resignation of Sir Alex Allan. Nikola stock fell 11% in Thursday trading. The total number of shares shorted also corresponds to the shorting interest rate, which is very high between October 2019 and March 2020 as projected by the interest rate on borrowed coupons from Earnest Securities, which is basically a 90%-100% lending rate on my shares during this period, with an annualized coupon rate of 50% or more, so I earned a lot of interest income during that time. Tesla has cut prices in China on several occasions, aiming to gain more market share in the world's biggest car market. New data proved the jab was "highly effective". Otherwise, they could easily follow the same path as Nokia and HTC. Subsidy fraud has been curtailed, the industry chain has been centralized, and companies that could not be mass-produced have closed down, giving the market ample room to clear. While Citron Research has had its share of success, it's made some bad calls as well. Most of the other local EV brands are not yet in mass production, resulting in Tesla's dominant market share in the US. … Remember, Nio has been one of the best-performing stocks on Wall Street lately. Friday's take is a reversal to the firm's original recommendation two years ago, when it urged investors to buy the stock. President Joe Biden on Friday rounded out his White House staff with a top adviser who has advocated for breaking up Big Tech companies along with a host of new appointments focused on COVID-19, criminal justice and the U.S. economy. Next, I'll point out the many errors in this Citron report, as well as the misleading content that can easily mislead investors, to illustrate the underlying reasons why investors are so divided on valuations. Her doctor dismissed it as a migraine. The Chinese market, however, is a completely different picture. All of this is dynamic, and there is no "end game" for companies that have the ability to continue to innovate. But so far, all of these have not been demonstrated. NIO is about to report its Q3 earnings, what to watch? Citron Research tweeted out that NIO stock should go back to $25. China's share of EVs in 2019 car sales is higher than the US market, which is very disruptive. Andrew Left of Citron Research has sold his Nio Inc. holdings, the noted short seller told MarketWatch on Tuesday. They can now be vaccinated faster." It's all for these reasons: there are few voucher sources and many people in demand. Citron Research Backing Up the Sleigh on Facebook December 26, 2018 - 2:51 pm; Twitter has become the Harvey Weinstein of Social Media December 20, 2018 - 2:51 pm; Everything Has Changed: The Big 5 Canadian Cannabis Companies Have Achieved “Platform Status” December 18, 2018 - 10:07 am; At What Point Is MNK Selective Disclosure Complete Fraud? Consequently, Citron slapped a $25 stock price target for NIO shares, corresponding to a downside potential of 43.90 percent relative to the current … There are only two types of people who dared to buy NIO at $1: loyal fans or those with a risk-taking mindset, which institutions generally are not. See Also: How Formula E Racing Is Driving the Electric Vehicle Revolution Nio stock … EU countries now recognise that the vaccine is vital to ramping up the slow pace of their vaccine programmes – which lag far behind those in Britain, the US, Serbia and Israel – after attacking AstraZeneca for delivery failures and branding its vaccine ineffective. Analysts say NIO is the leading Chinese EV maker, with advantages becoming apparent, 2, China's EV market share is lower than Tesla's share of the US EV market. Citron wrote a hit piece on SHOP when it was at 123 a share on October 2017 The stock price dropped to 90 bucks which was it's support level. "Sachiko Okawa uses the phone to call her late husband, who she was married to for 44 years.She asks him what he's been doing since he was swept away all those years ago in the Tsunami.She often brings along her two grandsons so they can also talk to their grandfather.The phone now attracts thousands of visitors from all over Japan. "At least 19 Myanmar police officers have crossed over into India, fearing persecution for disobeying orders, a senior Indian police official told Reuters.The European Union on Thursday suspended its support for development projects in Myanmar to avoid giving financial aid to the military.On Friday, the U.N. Security Council plans to hold a closed session on the crisis. Citron doesn't think NIO is worth owning the stock at its current price, but is only worth $25, for a number of key reasons. See Additionally: How Formulation E Racing Is Driving the Electrical Car Revolution. Recently, NIO's share price reached over $50, and XPeng and Li Auto's share price also doubled in a short period of time. Neither happened, Biden news: White House defends ‘Neanderthal’ slur of GOP states, as Trump shifts blame for Senate loss, Boris Johnson fails to replace adviser on ministerial standards amid growing cronyism allegations, Myanmar protesters undeterred after bloodiest day, Biden secretly limits drone strikes, amid congressional scrutiny over war powers, Kayleigh McEnany takes a swipe at Jen Psaki during new Fox role, Europe's volte-face on Oxford Covid vaccine, After Trump sabotage, 3 things Biden must do to restore gay, lesbian and trans rights, ‘Always up for a fight’: Mike Pompeo refuses to rule out presidential run on Hannity, Inaugural poet Amanda Gorman said a security guard followed her and told her she 'looked suspicious' when entering her own building, Live stimulus updates: Senate extends $300 weekly unemployment benefit in Biden's COVID stimulus bill, Sen. Kyrsten Sinema's thumbs-down on minimum wage vote reminds some of John McCain, A day after forcing marathon bill reading, Johnson says 'preference' to leave Senate, Lake of the Ozarks Realtor Offered $1.5K to Have Her Former Mother-in-Law Killed: Prosecutors. But the truth is that the Chinese EV market is large enough to accommodate more players (if you can offer great products and services to consumers, people will buy them), and the domestic EV market is far from being at a stage where car companies are competing for stock users. The stock rose as much as 12.2% earlier in the session after upbeat quarterly results from peer Li Auto. The European Union began blocking exports of the Oxford/AstraZeneca Covid vaccine on Thursday as Europe's leaders finally admitted they were wrong about the jab and that it worked. This will not only help accelerate the maturity of the domestic EV market, but also lay the foundation for future sales of domestic brands overseas. A lower total number of shares shorted and a lower interest rate on coupon borrowing does not, in and of itself, logically justify that the company "should be shorted". Citron assigned a $25 price target on the Nio stock on Friday, implying a 48% downside to its last closing price. NIO stock is no exception. That's how I feel. If someday VW Group, GM, and other traditional car companies also catch up in terms of intelligence and electrification, reaching or even surpassing Tesla, NIO, and other emerging car companies, then the capital markets will likewise give tech companies valuations. At the company level, for example, there is a big difference between NIO's current model sales, which are rising month after month, gradually increasing gross margins, fully validated battery swap model, becoming one of CATL's largest customers, and holding high cash reserves, and the situation at the end of 2019. "Anyone buying NIO stock now is not buying a company or its prospects, rather you are buying 3 letters that move on a screen," Citron said in the note. Citron has a $25 price goal for Nio stock, which is 50 % decrease than its market price. Throughout the history of the stock market, growth stocks themselves have been highly controversial, so if you plan to hold NIO, it's best to base it on the mindset of investing in growth stage companies for the long term. Early on when the Model 3 was produced in China, many people thought it would seriously impact XPeng and NIO sales. Most importantly, China's EV market has moved past the early "chaos" of the industry. NIO ES6 tops pure electric SUV sales in China for 13th straight month in October. So what explains the change in sentiment? (Reuters) - Shares of electric vehicle maker Nio Inc reversed course to trade lower on Friday after short-seller Citron Research recommended investors to sell the stock, citing pricing pressure posed by bigger rival Tesla Inc in the Chinese market. On November 19, short seller Andrew Left’s Citron Research recommended a “buy” with a short-term target of $12.00 on the stock. In 2019 everyone thought NIO would go bankrupt, so shorting NIO was a very popular move at the time. Read Full Story. It started making new highs once again In Jan 2018 And the rest is fuckin history. This could potentially hurt near-term sentiment and slow NIO's order book momentum considering it would be a direct competitor to NIO's EC6 and ES6. "It is long buying and not short covering which is driving NIO's price move," Ihor Dusaniwsky, managing director of predictive analytics at New York-based S3 Partners, told Reuters.
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