Viewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021

marketwatch2020-12-16

Nio is the better way to profit from China’s growing market for electric cars。Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they ...

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精彩评论

WGI
2020-12-16
WGI
Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery
MyGate
2020-12-16
MyGate
Nio is even more hype stock ...what a joke

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Together, they ...\n\n<a href=\"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page\">网页链接</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Viewpoint: Nio, not Tesla! 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A better choice for electric car stocks in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-12-16 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page>marketwatch</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nNio is the better way to profit from China’s growing market for electric cars。Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they ...\n\n<a href=\"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page","article_id":"1118119832","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118119832","pubTimestamp":1608087358,"columns":[],"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Nio is the better way to profit from China’s growing market for electric cars。Two of the most popula","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来"},"translate_title":"观点:蔚来，不是泰斯拉！2021年电动车股的更好选择","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/7ade83ab5335b298eb9baeed7345d289","symbols_score_info":{"NIO":0.9},"content_text":"Nio is the better way to profit from China’s growing market for electric cars。Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.Here’s why:Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.So what?Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":394783410,"gmtCreate":1608111054430,"gmtModify":1703851206537,"author":{"id":"3564659014112138","authorId":"3564659014112138","name":"WGI","avatar":"https://static.tigerbbs.com/5893645ef17ddabf546e6aff1063ddb1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3564659014112138","authorIdStr":"3564659014112138"},"htmlText":"Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery","listText":"Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery","text":"Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/394783410","repostId":1118119832,"repostType":4,"repost":{"id":"1118119832","kind":"news","pubTimestamp":1608087358,"share":"https://www.laohu8.com/m/news/1118119832?lang=zh_CN&edition=full","pubTime":"2020-12-16 10:55","market":"us","language":"en","title":"Viewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉！2021年电动汽车股票的更好选择</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118119832","media":"marketwatch","summary":"Nio is the better way to profit from China’s growing market for electric cars。Two of the most popula","content":"Nio is the better way to profit from China’s growing market for electric cars。<blockquote>蔚来是从中国不断增长的电动汽车市场中获利的更好方式。</blockquote>Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.<blockquote>目前全球最受欢迎的两只股票是电动汽车制造商蔚来和特斯拉。他们每天总共交易约2亿股，这在很大程度上要归功于渴望分一杯羹的年轻个人投资者。</blockquote>But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.<blockquote>但这些股票绝对不一样。TeslaTSLA(-1.03%)在10多年前以每股17美元的价格上市，经历了华尔街的困境，而NioNIO(+6.15%)两年多前在美国市场首次亮相。特斯拉总部位于美国，在美国汽车文化中拥有狂热的追随者和一位古怪的首席执行官，而蔚来是一家总部位于上海的电动汽车公司，其品牌周围没有同样多的烟花。</blockquote>Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.<blockquote>这两个选择都具有很大的长期潜力，因为它们是电动汽车市场长期增长的核心参与者。但如果我必须选择一个以这个价格购买并在2021年全年持有，我会押注蔚来而不是特斯拉。</blockquote>Here’s why:<blockquote>原因如下：</blockquote>Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.<blockquote>蔚来的二次发行恰逢其时、恰如其分：一些投资者批评蔚来最近在12月份的二次发行是公然抢钱，以利用其股价飙升的机会。</blockquote>So what?<blockquote>那又怎样？</blockquote>Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.<blockquote>公开市场的存在从根本上来说是为了让公司能够筹集资金以保持增长，而蔚来获得26亿美元的意外之财是在正确的时间做出的正确举动。没有人拿枪指着任何人的头，要求他们支付每股39美元。这是一个公平的价格——事实上，比当时的市场价格低7%以上。</blockquote>If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?<blockquote>如果你讨厌二次发行，你也讨厌特斯拉：当我们谈到这个话题时，难道没有人记得不到一年前特斯拉的类似举动吗？该公司以767美元（分拆前）的价格筹集了20亿美元。还是2019年27亿美元的二次发行和债券发行？或者，9月份向美国证券交易委员会提交的一份文件称，特斯拉将“不时”以“市场”价格出售更多股票，以继续筹集现金，该怎么办？其次是本月筹集的50亿美元？</blockquote>If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.<blockquote>如果您认为蔚来所谓的股份稀释是丧钟，那么是时候回顾一下特斯拉的头条新闻了。</blockquote>Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.<blockquote>特斯拉并不是电动汽车的简写：正如Roth Capital Partners的一位分析师去年11月所说，“特斯拉是一只伞式股票”，与该行业的所有其他股票都有关联。</blockquote>I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.<blockquote>我不否认这一点，但我不认为这是一件好事。虽然它与电动汽车的采用肯定比Ford MotorF（+2.69%）等传统汽车制造商有更直接的联系，但认为更多的电动汽车销量肯定意味着特斯拉的市场价值不断增加是危险的。</blockquote>Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.<blockquote>就在科技泡沫将GoogleGOOG（+0.44%）、GOOGL（+0.50%）等巨头与theGlobe.comTGLO（+18.18%）等伪装者区分开来时，最终市场将停止购买趋势并开始关注个股。鉴于特斯拉的估值极高，这对其来说可能是危险的。</blockquote>Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.<blockquote>特斯拉在华任重道远：尽管国产Model 3汽车被大肆宣传，但特斯拉11月份仅售出约21,600辆。这足以成为市场份额第三名，但肯定不会改变游戏规则，而且还不到明年年底88万辆中国制造电动汽车预测所需的月运行率的三分之一。</blockquote>Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.<blockquote>特斯拉的中国爆炸在哪里？：中国电动汽车总销量符合预期，11月份销量飙升超过130%，达到169,000辆。虽然特斯拉在美国市场占据主导地位，但其在华销量21,600辆，在拥挤的领域中只是一个非常小的片段。更重要的是，特斯拉在中国的原始增长率可能令人印象深刻，与6月份售出的15,000辆汽车相比，其汽车销量增加了45%，但当该股价值超过6000亿美元时，六个月后仅多生产了区区6,000辆汽车，这确实很难让人感到兴奋。</blockquote>Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.<blockquote>蔚来的增长是真实的，基础较小：诚然，2020年到目前为止，蔚来总共只交付了36,700辆汽车。但这比2019年的产量增加了110%以上，并且该公司正在积极投资以保持产量增长。</blockquote>While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.<blockquote>虽然特斯拉在中国的增长必须作为在美国和欧洲运营的老牌跨国公司的一部分来消化，但蔚来可以直接利用中国的机会。如果你还记得特斯拉的早期，这家电动汽车制造商向人们承诺，在短短几年内交付量将达到30,000辆，而蔚来似乎也在跟踪这一增长计划。</blockquote>Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.<blockquote>蔚来与国有盟友有联系：最近，蔚来与中国大型国有公用事业公司国家电网电动汽车服务公司签署了一项协议。这些计划规模不大——到2021年仅联合建设约100个充电和电动汽车服务站——但表明蔚来正在做所有成功的中国股票必须做的事情，即赢得国有盟友的青睐，以继续发展业务并挤出竞争对手。</blockquote>Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.<blockquote>与此同时，特斯拉的工厂100%归美国所有——尽管中国银行为该工厂提供了14亿美元的贷款，但这与与中国合作伙伴的商业伙伴关系有很大不同。</blockquote>Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”<blockquote>蔚来没有特斯拉的炒作机器：在特斯拉问题上没有中间立场。目前，高盛对该股的目标价为780美元，而摩根大通的目标价为90美元。对冲基金偶像吉姆·查诺斯(Jim Chanos)最近在彭博电视台(Bloomberg TV)上恰如其分地表达了这一点，称特斯拉的价值“无论人们愿意相信埃隆·马斯克(Elon Musk)所吹捧的价值”。</blockquote>If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.<blockquote>如果你喜欢这种元投资，试着去思考别人在想什么，马斯克在想什么，那就关注特斯拉吧。但对于许多希望消除噪音、简单地发挥中国电动汽车增长潜力的投资者来说，蔚来是一个选择，可以避免一些（尽管不可否认不是全部）如今在特斯拉经常发现的歇斯底里情绪。</blockquote>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Viewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉！2021年电动汽车股票的更好选择</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nViewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉！2021年电动汽车股票的更好选择</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nmarketwatch2020-12-16 10:55\n\n</h4>\n</header>\n<article>\nNio is the better way to profit from China’s growing market for electric cars。<blockquote>蔚来是从中国不断增长的电动汽车市场中获利的更好方式。</blockquote>Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.<blockquote>目前全球最受欢迎的两只股票是电动汽车制造商蔚来和特斯拉。他们每天总共交易约2亿股，这在很大程度上要归功于渴望分一杯羹的年轻个人投资者。</blockquote>But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.<blockquote>但这些股票绝对不一样。TeslaTSLA(-1.03%)在10多年前以每股17美元的价格上市，经历了华尔街的困境，而NioNIO(+6.15%)两年多前在美国市场首次亮相。特斯拉总部位于美国，在美国汽车文化中拥有狂热的追随者和一位古怪的首席执行官，而蔚来是一家总部位于上海的电动汽车公司，其品牌周围没有同样多的烟花。</blockquote>Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.<blockquote>这两个选择都具有很大的长期潜力，因为它们是电动汽车市场长期增长的核心参与者。但如果我必须选择一个以这个价格购买并在2021年全年持有，我会押注蔚来而不是特斯拉。</blockquote>Here’s why:<blockquote>原因如下：</blockquote>Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.<blockquote>蔚来的二次发行恰逢其时、恰如其分：一些投资者批评蔚来最近在12月份的二次发行是公然抢钱，以利用其股价飙升的机会。</blockquote>So what?<blockquote>那又怎样？</blockquote>Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.<blockquote>公开市场的存在从根本上来说是为了让公司能够筹集资金以保持增长，而蔚来获得26亿美元的意外之财是在正确的时间做出的正确举动。没有人拿枪指着任何人的头，要求他们支付每股39美元。这是一个公平的价格——事实上，比当时的市场价格低7%以上。</blockquote>If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?<blockquote>如果你讨厌二次发行，你也讨厌特斯拉：当我们谈到这个话题时，难道没有人记得不到一年前特斯拉的类似举动吗？该公司以767美元（分拆前）的价格筹集了20亿美元。还是2019年27亿美元的二次发行和债券发行？或者，9月份向美国证券交易委员会提交的一份文件称，特斯拉将“不时”以“市场”价格出售更多股票，以继续筹集现金，该怎么办？其次是本月筹集的50亿美元？</blockquote>If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.<blockquote>如果您认为蔚来所谓的股份稀释是丧钟，那么是时候回顾一下特斯拉的头条新闻了。</blockquote>Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.<blockquote>特斯拉并不是电动汽车的简写：正如Roth Capital Partners的一位分析师去年11月所说，“特斯拉是一只伞式股票”，与该行业的所有其他股票都有关联。</blockquote>I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.<blockquote>我不否认这一点，但我不认为这是一件好事。虽然它与电动汽车的采用肯定比Ford MotorF（+2.69%）等传统汽车制造商有更直接的联系，但认为更多的电动汽车销量肯定意味着特斯拉的市场价值不断增加是危险的。</blockquote>Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.<blockquote>就在科技泡沫将GoogleGOOG（+0.44%）、GOOGL（+0.50%）等巨头与theGlobe.comTGLO（+18.18%）等伪装者区分开来时，最终市场将停止购买趋势并开始关注个股。鉴于特斯拉的估值极高，这对其来说可能是危险的。</blockquote>Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.<blockquote>特斯拉在华任重道远：尽管国产Model 3汽车被大肆宣传，但特斯拉11月份仅售出约21,600辆。这足以成为市场份额第三名，但肯定不会改变游戏规则，而且还不到明年年底88万辆中国制造电动汽车预测所需的月运行率的三分之一。</blockquote>Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.<blockquote>特斯拉的中国爆炸在哪里？：中国电动汽车总销量符合预期，11月份销量飙升超过130%，达到169,000辆。虽然特斯拉在美国市场占据主导地位，但其在华销量21,600辆，在拥挤的领域中只是一个非常小的片段。更重要的是，特斯拉在中国的原始增长率可能令人印象深刻，与6月份售出的15,000辆汽车相比，其汽车销量增加了45%，但当该股价值超过6000亿美元时，六个月后仅多生产了区区6,000辆汽车，这确实很难让人感到兴奋。</blockquote>Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.<blockquote>蔚来的增长是真实的，基础较小：诚然，2020年到目前为止，蔚来总共只交付了36,700辆汽车。但这比2019年的产量增加了110%以上，并且该公司正在积极投资以保持产量增长。</blockquote>While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.<blockquote>虽然特斯拉在中国的增长必须作为在美国和欧洲运营的老牌跨国公司的一部分来消化，但蔚来可以直接利用中国的机会。如果你还记得特斯拉的早期，这家电动汽车制造商向人们承诺，在短短几年内交付量将达到30,000辆，而蔚来似乎也在跟踪这一增长计划。</blockquote>Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.<blockquote>蔚来与国有盟友有联系：最近，蔚来与中国大型国有公用事业公司国家电网电动汽车服务公司签署了一项协议。这些计划规模不大——到2021年仅联合建设约100个充电和电动汽车服务站——但表明蔚来正在做所有成功的中国股票必须做的事情，即赢得国有盟友的青睐，以继续发展业务并挤出竞争对手。</blockquote>Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.<blockquote>与此同时，特斯拉的工厂100%归美国所有——尽管中国银行为该工厂提供了14亿美元的贷款，但这与与中国合作伙伴的商业伙伴关系有很大不同。</blockquote>Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”<blockquote>蔚来没有特斯拉的炒作机器：在特斯拉问题上没有中间立场。目前，高盛对该股的目标价为780美元，而摩根大通的目标价为90美元。对冲基金偶像吉姆·查诺斯(Jim Chanos)最近在彭博电视台(Bloomberg TV)上恰如其分地表达了这一点，称特斯拉的价值“无论人们愿意相信埃隆·马斯克(Elon Musk)所吹捧的价值”。</blockquote>If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.<blockquote>如果你喜欢这种元投资，试着去思考别人在想什么，马斯克在想什么，那就关注特斯拉吧。但对于许多希望消除噪音、简单地发挥中国电动汽车增长潜力的投资者来说，蔚来是一个选择，可以避免一些（尽管不可否认不是全部）如今在特斯拉经常发现的歇斯底里情绪。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page\">marketwatch</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118119832","content_text":"Nio is the better way to profit from China’s growing market for electric cars。Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.Here’s why:Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.So what?Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":394478654,"gmtCreate":1608101866678,"gmtModify":1703851136507,"author":{"id":"3554940541217211","authorId":"3554940541217211","name":"MyGate","avatar":"https://static.tigerbbs.com/bd5d001d1c51c479c77e8dde6f89d808","vip":1,"crmLevel":5,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3554940541217211","authorIdStr":"3554940541217211"},"htmlText":"Nio is even more hype stock ...what a joke","listText":"Nio is even more hype stock ...what a joke","text":"Nio is even more hype stock ...what a joke","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/394478654","repostId":1118119832,"repostType":4,"repost":{"id":"1118119832","kind":"news","pubTimestamp":1608087358,"share":"https://www.laohu8.com/m/news/1118119832?lang=zh_CN&edition=full","pubTime":"2020-12-16 10:55","market":"us","language":"en","title":"Viewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉！2021年电动汽车股票的更好选择</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118119832","media":"marketwatch","summary":"Nio is the better way to profit from China’s growing market for electric cars。Two of the most popula","content":"Nio is the better way to profit from China’s growing market for electric cars。<blockquote>蔚来是从中国不断增长的电动汽车市场中获利的更好方式。</blockquote>Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.<blockquote>目前全球最受欢迎的两只股票是电动汽车制造商蔚来和特斯拉。他们每天总共交易约2亿股，这在很大程度上要归功于渴望分一杯羹的年轻个人投资者。</blockquote>But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.<blockquote>但这些股票绝对不一样。TeslaTSLA(-1.03%)在10多年前以每股17美元的价格上市，经历了华尔街的困境，而NioNIO(+6.15%)两年多前在美国市场首次亮相。特斯拉总部位于美国，在美国汽车文化中拥有狂热的追随者和一位古怪的首席执行官，而蔚来是一家总部位于上海的电动汽车公司，其品牌周围没有同样多的烟花。</blockquote>Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.<blockquote>这两个选择都具有很大的长期潜力，因为它们是电动汽车市场长期增长的核心参与者。但如果我必须选择一个以这个价格购买并在2021年全年持有，我会押注蔚来而不是特斯拉。</blockquote>Here’s why:<blockquote>原因如下：</blockquote>Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.<blockquote>蔚来的二次发行恰逢其时、恰如其分：一些投资者批评蔚来最近在12月份的二次发行是公然抢钱，以利用其股价飙升的机会。</blockquote>So what?<blockquote>那又怎样？</blockquote>Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.<blockquote>公开市场的存在从根本上来说是为了让公司能够筹集资金以保持增长，而蔚来获得26亿美元的意外之财是在正确的时间做出的正确举动。没有人拿枪指着任何人的头，要求他们支付每股39美元。这是一个公平的价格——事实上，比当时的市场价格低7%以上。</blockquote>If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?<blockquote>如果你讨厌二次发行，你也讨厌特斯拉：当我们谈到这个话题时，难道没有人记得不到一年前特斯拉的类似举动吗？该公司以767美元（分拆前）的价格筹集了20亿美元。还是2019年27亿美元的二次发行和债券发行？或者，9月份向美国证券交易委员会提交的一份文件称，特斯拉将“不时”以“市场”价格出售更多股票，以继续筹集现金，该怎么办？其次是本月筹集的50亿美元？</blockquote>If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.<blockquote>如果您认为蔚来所谓的股份稀释是丧钟，那么是时候回顾一下特斯拉的头条新闻了。</blockquote>Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.<blockquote>特斯拉并不是电动汽车的简写：正如Roth Capital Partners的一位分析师去年11月所说，“特斯拉是一只伞式股票”，与该行业的所有其他股票都有关联。</blockquote>I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.<blockquote>我不否认这一点，但我不认为这是一件好事。虽然它与电动汽车的采用肯定比Ford MotorF（+2.69%）等传统汽车制造商有更直接的联系，但认为更多的电动汽车销量肯定意味着特斯拉的市场价值不断增加是危险的。</blockquote>Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.<blockquote>就在科技泡沫将GoogleGOOG（+0.44%）、GOOGL（+0.50%）等巨头与theGlobe.comTGLO（+18.18%）等伪装者区分开来时，最终市场将停止购买趋势并开始关注个股。鉴于特斯拉的估值极高，这对其来说可能是危险的。</blockquote>Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.<blockquote>特斯拉在华任重道远：尽管国产Model 3汽车被大肆宣传，但特斯拉11月份仅售出约21,600辆。这足以成为市场份额第三名，但肯定不会改变游戏规则，而且还不到明年年底88万辆中国制造电动汽车预测所需的月运行率的三分之一。</blockquote>Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.<blockquote>特斯拉的中国爆炸在哪里？：中国电动汽车总销量符合预期，11月份销量飙升超过130%，达到169,000辆。虽然特斯拉在美国市场占据主导地位，但其在华销量21,600辆，在拥挤的领域中只是一个非常小的片段。更重要的是，特斯拉在中国的原始增长率可能令人印象深刻，与6月份售出的15,000辆汽车相比，其汽车销量增加了45%，但当该股价值超过6000亿美元时，六个月后仅多生产了区区6,000辆汽车，这确实很难让人感到兴奋。</blockquote>Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.<blockquote>蔚来的增长是真实的，基础较小：诚然，2020年到目前为止，蔚来总共只交付了36,700辆汽车。但这比2019年的产量增加了110%以上，并且该公司正在积极投资以保持产量增长。</blockquote>While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.<blockquote>虽然特斯拉在中国的增长必须作为在美国和欧洲运营的老牌跨国公司的一部分来消化，但蔚来可以直接利用中国的机会。如果你还记得特斯拉的早期，这家电动汽车制造商向人们承诺，在短短几年内交付量将达到30,000辆，而蔚来似乎也在跟踪这一增长计划。</blockquote>Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.<blockquote>蔚来与国有盟友有联系：最近，蔚来与中国大型国有公用事业公司国家电网电动汽车服务公司签署了一项协议。这些计划规模不大——到2021年仅联合建设约100个充电和电动汽车服务站——但表明蔚来正在做所有成功的中国股票必须做的事情，即赢得国有盟友的青睐，以继续发展业务并挤出竞争对手。</blockquote>Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.<blockquote>与此同时，特斯拉的工厂100%归美国所有——尽管中国银行为该工厂提供了14亿美元的贷款，但这与与中国合作伙伴的商业伙伴关系有很大不同。</blockquote>Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”<blockquote>蔚来没有特斯拉的炒作机器：在特斯拉问题上没有中间立场。目前，高盛对该股的目标价为780美元，而摩根大通的目标价为90美元。对冲基金偶像吉姆·查诺斯(Jim Chanos)最近在彭博电视台(Bloomberg TV)上恰如其分地表达了这一点，称特斯拉的价值“无论人们愿意相信埃隆·马斯克(Elon Musk)所吹捧的价值”。</blockquote>If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.<blockquote>如果你喜欢这种元投资，试着去思考别人在想什么，马斯克在想什么，那就关注特斯拉吧。但对于许多希望消除噪音、简单地发挥中国电动汽车增长潜力的投资者来说，蔚来是一个选择，可以避免一些（尽管不可否认不是全部）如今在特斯拉经常发现的歇斯底里情绪。</blockquote>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Viewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉！2021年电动汽车股票的更好选择</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nViewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉！2021年电动汽车股票的更好选择</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nmarketwatch2020-12-16 10:55\n\n</h4>\n</header>\n<article>\nNio is the better way to profit from China’s growing market for electric cars。<blockquote>蔚来是从中国不断增长的电动汽车市场中获利的更好方式。</blockquote>Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.<blockquote>目前全球最受欢迎的两只股票是电动汽车制造商蔚来和特斯拉。他们每天总共交易约2亿股，这在很大程度上要归功于渴望分一杯羹的年轻个人投资者。</blockquote>But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.<blockquote>但这些股票绝对不一样。TeslaTSLA(-1.03%)在10多年前以每股17美元的价格上市，经历了华尔街的困境，而NioNIO(+6.15%)两年多前在美国市场首次亮相。特斯拉总部位于美国，在美国汽车文化中拥有狂热的追随者和一位古怪的首席执行官，而蔚来是一家总部位于上海的电动汽车公司，其品牌周围没有同样多的烟花。</blockquote>Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.<blockquote>这两个选择都具有很大的长期潜力，因为它们是电动汽车市场长期增长的核心参与者。但如果我必须选择一个以这个价格购买并在2021年全年持有，我会押注蔚来而不是特斯拉。</blockquote>Here’s why:<blockquote>原因如下：</blockquote>Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.<blockquote>蔚来的二次发行恰逢其时、恰如其分：一些投资者批评蔚来最近在12月份的二次发行是公然抢钱，以利用其股价飙升的机会。</blockquote>So what?<blockquote>那又怎样？</blockquote>Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.<blockquote>公开市场的存在从根本上来说是为了让公司能够筹集资金以保持增长，而蔚来获得26亿美元的意外之财是在正确的时间做出的正确举动。没有人拿枪指着任何人的头，要求他们支付每股39美元。这是一个公平的价格——事实上，比当时的市场价格低7%以上。</blockquote>If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?<blockquote>如果你讨厌二次发行，你也讨厌特斯拉：当我们谈到这个话题时，难道没有人记得不到一年前特斯拉的类似举动吗？该公司以767美元（分拆前）的价格筹集了20亿美元。还是2019年27亿美元的二次发行和债券发行？或者，9月份向美国证券交易委员会提交的一份文件称，特斯拉将“不时”以“市场”价格出售更多股票，以继续筹集现金，该怎么办？其次是本月筹集的50亿美元？</blockquote>If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.<blockquote>如果您认为蔚来所谓的股份稀释是丧钟，那么是时候回顾一下特斯拉的头条新闻了。</blockquote>Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.<blockquote>特斯拉并不是电动汽车的简写：正如Roth Capital Partners的一位分析师去年11月所说，“特斯拉是一只伞式股票”，与该行业的所有其他股票都有关联。</blockquote>I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.<blockquote>我不否认这一点，但我不认为这是一件好事。虽然它与电动汽车的采用肯定比Ford MotorF（+2.69%）等传统汽车制造商有更直接的联系，但认为更多的电动汽车销量肯定意味着特斯拉的市场价值不断增加是危险的。</blockquote>Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.<blockquote>就在科技泡沫将GoogleGOOG（+0.44%）、GOOGL（+0.50%）等巨头与theGlobe.comTGLO（+18.18%）等伪装者区分开来时，最终市场将停止购买趋势并开始关注个股。鉴于特斯拉的估值极高，这对其来说可能是危险的。</blockquote>Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.<blockquote>特斯拉在华任重道远：尽管国产Model 3汽车被大肆宣传，但特斯拉11月份仅售出约21,600辆。这足以成为市场份额第三名，但肯定不会改变游戏规则，而且还不到明年年底88万辆中国制造电动汽车预测所需的月运行率的三分之一。</blockquote>Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.<blockquote>特斯拉的中国爆炸在哪里？：中国电动汽车总销量符合预期，11月份销量飙升超过130%，达到169,000辆。虽然特斯拉在美国市场占据主导地位，但其在华销量21,600辆，在拥挤的领域中只是一个非常小的片段。更重要的是，特斯拉在中国的原始增长率可能令人印象深刻，与6月份售出的15,000辆汽车相比，其汽车销量增加了45%，但当该股价值超过6000亿美元时，六个月后仅多生产了区区6,000辆汽车，这确实很难让人感到兴奋。</blockquote>Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.<blockquote>蔚来的增长是真实的，基础较小：诚然，2020年到目前为止，蔚来总共只交付了36,700辆汽车。但这比2019年的产量增加了110%以上，并且该公司正在积极投资以保持产量增长。</blockquote>While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.<blockquote>虽然特斯拉在中国的增长必须作为在美国和欧洲运营的老牌跨国公司的一部分来消化，但蔚来可以直接利用中国的机会。如果你还记得特斯拉的早期，这家电动汽车制造商向人们承诺，在短短几年内交付量将达到30,000辆，而蔚来似乎也在跟踪这一增长计划。</blockquote>Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.<blockquote>蔚来与国有盟友有联系：最近，蔚来与中国大型国有公用事业公司国家电网电动汽车服务公司签署了一项协议。这些计划规模不大——到2021年仅联合建设约100个充电和电动汽车服务站——但表明蔚来正在做所有成功的中国股票必须做的事情，即赢得国有盟友的青睐，以继续发展业务并挤出竞争对手。</blockquote>Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.<blockquote>与此同时，特斯拉的工厂100%归美国所有——尽管中国银行为该工厂提供了14亿美元的贷款，但这与与中国合作伙伴的商业伙伴关系有很大不同。</blockquote>Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”<blockquote>蔚来没有特斯拉的炒作机器：在特斯拉问题上没有中间立场。目前，高盛对该股的目标价为780美元，而摩根大通的目标价为90美元。对冲基金偶像吉姆·查诺斯(Jim Chanos)最近在彭博电视台(Bloomberg TV)上恰如其分地表达了这一点，称特斯拉的价值“无论人们愿意相信埃隆·马斯克(Elon Musk)所吹捧的价值”。</blockquote>If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.<blockquote>如果你喜欢这种元投资，试着去思考别人在想什么，马斯克在想什么，那就关注特斯拉吧。但对于许多希望消除噪音、简单地发挥中国电动汽车增长潜力的投资者来说，蔚来是一个选择，可以避免一些（尽管不可否认不是全部）如今在特斯拉经常发现的歇斯底里情绪。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page\">marketwatch</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.marketwatch.com/story/nio-not-tesla-is-the-better-ev-stock-pick-for-2021-11608049438?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118119832","content_text":"Nio is the better way to profit from China’s growing market for electric cars。Two of the most popular stocks on the planet right now are electric vehicle manufacturers Nio and Tesla. Together, they trade about 200 million share daily, thanks in large part to young individual investors hungry for a piece of the action.But these stocks are decidedly not the same. TeslaTSLA,-1.03%,which went public at a mere $17 a share more than 10 years ago, has been through the Wall Street wringer, while NioNIO,+6.15%made its debut in U.S. markets a little more than two years ago. Tesla is U.S.-based, with a cult-like following in American car culture and a quirky CEO, while Nio is a Shanghai-based EV company that doesn’t have the same amount of fireworks around its brand.Both picks have a lot of long-term potential as they are core players in the long-term growth of the electric vehicle market. But if I had to pick just one to purchase at this price and hold for all of 2021, my money is on Nio over Tesla.Here’s why:Nio’s secondary offering was well-timed and appropriate:Some investors panned Nio’s recentsecondary offeringin December as a blatant money grab to capitalize on its skyrocketing share price.So what?Public markets fundamentally exist so companies can raise capital to keep growing, and the$2.6 billionwindfall for Nio was the right move at the right time. Nobody held a gun to anyone’s head and demanded they pay $39 a share. That was a fair price — and in truth,more than 7% below market rateat the time.If you hate secondary offerings, you hate Tesla too:While we are on the topic, does nobody remember a similar move from Tesla less than a year ago, where the firm raised$2 billion on shares priced at $767(pre split)? Or a$2.7 billionsecondary offering and bond issuance in 2019? Or how about a September SEC filing that said Tesla will sell even more shares “from time to time” and “at-the-market” prices to keep raising cash? Followed bythat $5 billion it raisedthis month?If you think Nio’s supposed share dilution is a death knell, it’s time to review the headlines from Tesla.Tesla is not shorthand for EVs:As an analyst at Roth Capital Partners said in November, “Tesla is an umbrella stock” that is tied to all other names in the sector.I don’t dispute that, but I don’t see it as a good thing. While it certainly has a more direct link to electric vehicle adoption than a legacy automaker like Ford MotorF,+2.69%that is still lagging way behind the pack, it is dangerous to think that more EV sales definitively means an ever-increasing market value for Tesla.Just at the tech bubble separated the powerhouses like GoogleGOOG,+0.44%GOOGL,+0.50%from pretenders like theGlobe.comTGLO,+18.18%,eventually markets will stop buying the trend and start looking at individual stocks. That could be dangerous for Tesla given its sky-high valuation.Tesla has a long way to go in China:Though much fanfare has been made about China-made Model 3 vehicles, Tesla only sold about21,600of the cars in November. That was good enough to be No. 3 in market share, but certainly not the game-changer — and less than one-third of the monthly run-rate necessary for forecasts of880,000China-made EVs by the end of next year.Where’s Tesla’s China explosion?:Total electric vehicle sales in China are living up to expectations, withNovember’s tally surging more than 130% to 169,000 units. While Tesla dominates the U.S. market, its 21,600 units sold in China is a very tiny sliver in a crowded field. What’s more, the raw China growth rate for Tesla may be impressive at 45% more vehicles sold compared with the15,000vehicles it sold in June, but it’s really hard to get excited about a measly 6,000 more vehicles produced after six months when the stock is valued at more than $600 billion.Nio’s growth is for real, from a smaller base:So far in 2020, Nio has admittedly only delivered36,700total vehicles. But that’s more than 110% more than 2019’s tally — and it’s aggressively investing to keep production ramping higher.While Tesla’s China growth has to be digested as part of an established multinational company operating in the U.S. and Europe, Nio can capitalize on the China opportunity directly. If you recall the early days of Tesla, the EV manufacturer sold people on the promise that 30,000 deliveries could become 300,000 in just a few years — and Nio appears to be tracking that growth plan, too.Nio has ties to state-owned allies:Recently, Nio signed a deal with State Grid Electric Vehicle Service Co, a part of China’s massive state-owned utility. The plans are modest — to jointly build only about 100 charging and EV service stations in 2021 — but show that Nio is doing what all successful Chinese stocks must do, which is to win favor with state-owned allies to continue growing its business and squeezing out competitors.Meanwhile, Tesla’s factory is 100% American owned — and while Chinese banks provided the$1.4 billionloan for the facility, that’s far different than a business partnership with partners in Beijing.Nio doesn’t have Tesla’s hype machine:There is no middle ground on Tesla. Right now, Goldman Sachs has a price target of $780 on the stock while JPMorgan Chase’s is $90. Hedge-fund icon Jim Chanos put it aptly onBloomberg TVrecently, saying Tesla is worth “whatever people want to believe Elon Musk is touting.”If you enjoy this kind of meta investing, trying to think about what other people are thinking about what Musk is thinking about, then focus on Tesla. But for many investors looking to cut through the noise and simply play the growth potential of China EVs, Nio is an option that sidesteps some (though admittedly not all) of the hysteria you’ll frequently find around Tesla these days.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":2,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1118119832","isCrawlerRequest":true}