This is a rumor
Please understand that this news is not verified and we could get a totally different bit of news at earnings. I want to make sure I give that disclaimer. But if true, it would shift the narrative to a comeback growth play quickly.
Translated from a Weibo post regarding $NIO orders.
“For the specific in-store sales, a salesperson at the Zhengzhou Futian store said:
“It’s not convenient to disclose the store’s internal situation, but this morning I just checked — the total number of nationwide firm orders has already reached 58,599 units.”
From the reporter’s visits to many locations and understanding of front-line sales, it seems that although the LeDao L90 no longer has the same “line up to see the car” or “line up to test drive” scenarios that appeared during the presale period and initial launch, the current officially released sales numbers are still quite high. At the same time, sales staff are very confident.
For NIO (蔚来, Weilai), facing the fiercely competitive new energy vehicle market, quickly creating a “hit model” is key to boosting both company sales and morale. More importantly, NIO needs to ensure smooth… (the sentence likely continues past the screenshot).”
Obviously I used AI to translate. Your boy isn’t both a trader and fluent in Mandarin. I’m not that talented.
However, if true…you could see a rally between $10-$15 after earnings. That’s a ginormous IF TRUE. Please don’t take this as the signal to buy. It’s the signal to do your DD on it. I’m looking to join the junior @longwashere scouts this year. It’s a minimum port value to be a Cub Scout in it. I’m not there yet. The benefit is you don’t have to eat the biscuits. You make them.