NIO: EVs Not For Me -- Look At The Margins -- Compare With Tech Companies -- March 1, 2023

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Disruptive:

• EVs: link here. Scorecard. 

Nio: link here.

• gross margins: 3.9% in 4Q22 vs 17.2% in 4Q21 and 13.3% inn 3Q22. 
• vehicle margin: 6.8% in 4Q22; 21% in 4Q21; and 16% in 3Q22 
• loss from operations: almost $1 billion -- an increase of 176% from 4Q21 
• adjusted loss from operations: $872 million -- almost 200% more than 4Q21; and almost double that of the previous quarter, 3Q22 
• net loss: $786 million 4Q22; 170% greater than 4Q21; and 40% greater than previous quarter, 3Q2
• EPS loss: 51 cents/share in 4Q22 vs 36 cents the previous quarter, 3Q2
• gross profit: $90 million: a decrease of 63% from 4Q21; a decrease oof 64% from previous quarter, 3Q22 
• total revenues: $2.329 billion in 4Q23; a 62% increase froom 4Q21 and an increase of 24% from previous quarter, 3Q22 
• vehicle sales, deliveries: significant increase y/y; q/q
  

NIO: down 3.6% today.