At the start of the week, Tesla released Q1 results, delivering record profits in the quarter. On Thursday, April 29, Nio (NIO) - often dubbed the Tesla of China – will try to match its rival’s achievements when it announces the quarter’s financials. As with Tesla, investors will have a rough idea of what’s in store after the company released the quarter’s delivery numbers earlier this month. In Q1, Nio made 20,060 deliveries, a new record, up from Q4’s 17,353 deliveries and amounting to a 423% year-over-year uptick. Deutsche Bank’s Edison Yu expects sales of 7.44 billion RMB and gross margin of 15.5%, “both in-line with consensus.
https://www.tipranks.com/news/article/nio-why-deutsche-bank-is-lowering-its-price-target-ahead-of-earnings