Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Nio and Xpeng Report June and 2Q Delivery Numbers; Tesla Report Expected to be 'Ugly'

Stock Markets Jul 01, 2022 07:26
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Michael Elkins

Chinese electric vehicle companies Nio Inc. (NYSE:NIO) and Xpeng Inc. (NYSE:XPEV) released their vehicle delivery results for June 2022 and the second quarter 2022 on Friday.

NIO delivered 12,961 vehicles in June 2022, and 25,059 vehicles in the second quarter. An increase of 60.3% and 14.4% year-over-year, respectfully.

XPeng recorded 15,295 deliveries in June, representing a 133% increase year-over-year, and 34,422 Smart EVs in total for the second quarter 2022, ranking first among emerging auto brands in China for the fourth consecutive quarter.

Tesla (NASDAQ:TSLA) is expected to release their delivery results for the month and second quarter later today, or this weekend. Analysts polled by FactSet, on average, expect the company to report 265,000 vehicles delivered in the second quarter, with forecasts ranging from Deutsche Bank's 245,000 and Wedbush's 250,000 to a high of 272,000.

Dan Ives, an analyst from Wedbush said, "June delivery numbers will be ugly and nothing to write home about," but added that the Street will be "focused on the trajectory for (the second half of 2022) and the overall demand picture staying firm."

Nio and Xpeng Report June and 2Q Delivery Numbers; Tesla Report Expected to be 'Ugly'
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email