To The Moon

Li Auto reached its 500,000th delivery in 2024 today at 18:18 Beijing Time, meaning it has delivered around 58,000 vehicles so far this month.

Onvo had 2,100 insurance registrations last week, Li Auto 13,900, Xpeng 7,400, Zeekr 5,300, Leapmotor 10,300 and Aito 7,700.

NIO stock has been stuck in reverse gear the past few months and the selling could continue into 2025, Goldman Sachs analysts said Monday.The Chinese electric-vehicle maker's American depositary receipts are down 28% since the beginning of October and 47% in 2024. Increased competition and lower prices have hurt the Chinese EV sector -- rivals Li Auto and XPeng have fallen 40% and 18%, respectively, this year. In contrast, Tesla stock is up 42% in 2024, through Friday.Goldman's analysts don't see the picture getting any better for NIO next year. They downgraded the stock to Sell from Neutral in a note Monday. Their new $3.90 12-month price target suggests that the ADRs could fall 19% from Friday's closing price.However, stronger government policy support is one reason Goldman analysts could turn more positive on the stock. Hou currently expects NIO to sell 337,000 units in 2025, compared to the company's guidance of 443,000 to 449,000 units.

XPeng Inc. shares plunged 5.14% in the pre-market trading session on Thursday as the electric vehicle maker faced bearish sentiment from analysts.Barclays analyst Jiong Shao maintained a Sell rating on XPEV and set a price target of $7, which is significantly below the stock's current trading price. The analyst's bearish view and low price target likely contributed to the pre-market selloff in XPeng's shares.

Sales of Tesla vehicles have slid to their lowest level since the start of the year despite the Elon Musk-founded carmaker cutting the price of some models by almost a quarter since last year.The company has cut prices around the world to stimulate flagging sales – which are down by 19.4 per cent this year in Australia – as it faces strong competition from luxury models made by European rivals and cheaper cars like those manufactured by BYD and other Chinese brands.Loading...

Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the c

Three Tesla insiders have adopted trading plans that are set to sell $300 million of stock, based on a recent market price.Tesla Chair Robyn Denholm and directors Kathleen Wilson-Thompson and Kimbal M

NIO remains unprofitable, burning cash, and facing rising geopolitical risks, making it hard to achieve a turnaround without outside financing.Despite rising revenues and vehicle deliveries, NIO's profitability is unlikely before 2027.Geopolitical issues and industry price wars hinder NIO's expansion in the U.S. and Europe, further complicating its path to profitability.NIO's recent stock rebound is driven by external factors like China's new stimulus package, but long-term prospects remain grim.

A luxury mansion in Singapore’s most exclusive neighborhood is being put on the market for S$308 million , according to the Business Times.If met, the asking price for the so-called “good class bungalow” at Nassim Road would make it the biggest transaction in absolute price for such assets, the report said.The property, with a total land area of more than 58,000 square feet, is owned by Hong Fok Corp. Ltd. joint chief executive Cheong Pin Chuan and his wife. It was previously up for sale at a pr