EdwardSeng
2021-04-08
Crush provides opportunity too, Buy at dip.
NIO and Other Chinese EV Stocks Are Getting Crushed. Tesla’s Not Doing So Hot Either.<blockquote>蔚来和其他中国电动汽车股票正在遭受重创。特斯拉也没那么热。</blockquote>
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Tesla’s Not Doing So Hot Either.<blockquote>蔚来和其他中国电动汽车股票正在遭受重创。特斯拉也没那么热。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139572887","media":"Barron's","summary":"Shares ofNIO,XPeng,andLi Autofell dramatically in Wednesday trading, adding to recent investor pain.","content":"<p>Shares ofNIO,XPeng,andLi Autofell dramatically in Wednesday trading, adding to recent investor pain. Electric vehicle stocks have been roiled by issues ranging frominterest ratechanges tomicrochip shortages. Today’s is due to a new reason.</p><p><blockquote>蔚来汽车、小鹏汽车和理想汽车的股价在周三交易中大幅下跌,加剧了投资者近期的痛苦。电动汽车股票受到利率变化和微芯片短缺等问题的困扰。今天的原因是一个新的原因。</blockquote></p><p> NIO (ticker: NIO) shares fell almost 7%. XPeng (XPEV) stock dropped 8%. Li Auto (LI) shares fared the worst Wednesday, dropping almost 13%.</p><p><blockquote>蔚来(股票代码:蔚来)股价下跌近7%。小鹏汽车(XPEV)股价下跌8%。理想汽车 (LI) 股价周三表现最差,下跌近 13%。</blockquote></p><p> EV investors can’t use rotation out of highly valued technology stocks as an excuse, however. Recently, old economy value-oriented stocks have been outperforming tech as the global economy awakens from its Covid-induced coma. TheNasdaq Composite Indexfell only 0.1%. TheRussell 1000 Growth Indexand theS&P 500both closed up about 0.2%.</p><p><blockquote>不过,电动汽车投资者不能以退出高估值科技股为借口。最近,随着全球经济从新冠疫情引发的昏迷中苏醒,旧的经济价值导向型股票的表现一直优于科技股。纳斯达克综合指数仅下跌0.1%。罗素 1000 增长指数和标准普尔 500 指数均收盘上涨约 0.2%。</blockquote></p><p> So what’s hurting Chinese EV stocks? Li Auto seems responsible, catalyzing the drop byannouncingplans for a $750 convertible bond offering in what amounts to a capital raise.Convertible bonds, as their name suggests, convert into common stock under certain conditions, and investors don’t like to see their existing stakes diluted with new stock. It’s the reasonmost capital raisestend to drive stock prices down for a while.</p><p><blockquote>那么,是什么在伤害中国电动汽车股票呢?理想汽车似乎对此负有责任,他宣布计划发行 750 美元的可转换债券,融资金额为多少,从而推动了股价下跌。这就是大多数增资计划在一段时间内压低股价的原因。</blockquote></p><p> A convertible bond can generate some stock selling pressure in yet another way. Convertible arbitrage traders will sell the stock of the issuer short and buy the convertible bond. That way they can lock in a relatively attractive bond yield and take the stock risk, embedded in a convertible, out of their return equation.</p><p><blockquote>可转换债券可以以另一种方式产生一些股票抛售压力。可转换套利交易者将卖空发行人的股票并买入可转换债券。这样,他们就可以锁定相对有吸引力的债券收益率,并将可转换债券中蕴含的股票风险排除在回报率之外。</blockquote></p><p> With Wednesday’s drop, NIO, XPeng, and Li stocks are down more than 20% on average this year. U.S. EV stocks aren’t doing so hot either.Lordstown Motors(RIDE) has tumbled 41% this year, whileWorkhorse Group(WKHS) has slumped 44%, andNikolahas dropped 19%. All three of those stock have had their own issues to deal with, such asnegative research reportsandcontract losses.</p><p><blockquote>随着周三的下跌,蔚来、小鹏和李的股票今年平均下跌超过 20%。Lordstown Motors (RIDE) 今年已下跌 41%,Workhorse Group (WKHS) 下跌 44%,Nikolahas 下跌 19%。这三只股票都有自己的问题需要处理,例如负面的研究报告和合同损失。</blockquote></p><p> And evenTesla(TSLA), which is down just 4.9% in 2021, has fallen 24% since peaking in January.</p><p><blockquote>evenTesla (TSLA) 2021 年仅下跌 4.9%,自 1 月份见顶以来已下跌 24%。</blockquote></p><p> EV investors havedealt with a lotalready in 2021. Higher interest rates, which make financing growth more expensive and reduce the value of future cash flows, hurt EV stocks. So has the chip shortage. NIO stock, for instance, dropped after it cut delivery guidance because of a lack of chips. Now the specter of more capital raises is shaking investor confidence a little more.</p><p><blockquote>电动汽车投资者已经在 2021 年处理了很多事情。利率上升会使融资增长更加昂贵并降低未来现金流的价值,从而损害电动汽车股票。芯片短缺也是如此。例如,蔚来股价在因缺乏筹码而下调交付指引后下跌。现在,更多融资的幽灵正在进一步动摇投资者的信心。</blockquote></p><p></p>","source":"lsy1610680873436","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>NIO and Other Chinese EV Stocks Are Getting Crushed. Tesla’s Not Doing So Hot Either.<blockquote>蔚来和其他中国电动汽车股票正在遭受重创。特斯拉也没那么热。</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\">\nNIO and Other Chinese EV Stocks Are Getting Crushed. Tesla’s Not Doing So Hot Either.<blockquote>蔚来和其他中国电动汽车股票正在遭受重创。特斯拉也没那么热。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-04-08 08:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares ofNIO,XPeng,andLi Autofell dramatically in Wednesday trading, adding to recent investor pain. Electric vehicle stocks have been roiled by issues ranging frominterest ratechanges tomicrochip shortages. Today’s is due to a new reason.</p><p><blockquote>蔚来汽车、小鹏汽车和理想汽车的股价在周三交易中大幅下跌,加剧了投资者近期的痛苦。电动汽车股票受到利率变化和微芯片短缺等问题的困扰。今天的原因是一个新的原因。</blockquote></p><p> NIO (ticker: NIO) shares fell almost 7%. XPeng (XPEV) stock dropped 8%. Li Auto (LI) shares fared the worst Wednesday, dropping almost 13%.</p><p><blockquote>蔚来(股票代码:蔚来)股价下跌近7%。小鹏汽车(XPEV)股价下跌8%。理想汽车 (LI) 股价周三表现最差,下跌近 13%。</blockquote></p><p> EV investors can’t use rotation out of highly valued technology stocks as an excuse, however. Recently, old economy value-oriented stocks have been outperforming tech as the global economy awakens from its Covid-induced coma. TheNasdaq Composite Indexfell only 0.1%. TheRussell 1000 Growth Indexand theS&P 500both closed up about 0.2%.</p><p><blockquote>不过,电动汽车投资者不能以退出高估值科技股为借口。最近,随着全球经济从新冠疫情引发的昏迷中苏醒,旧的经济价值导向型股票的表现一直优于科技股。纳斯达克综合指数仅下跌0.1%。罗素 1000 增长指数和标准普尔 500 指数均收盘上涨约 0.2%。</blockquote></p><p> So what’s hurting Chinese EV stocks? Li Auto seems responsible, catalyzing the drop byannouncingplans for a $750 convertible bond offering in what amounts to a capital raise.Convertible bonds, as their name suggests, convert into common stock under certain conditions, and investors don’t like to see their existing stakes diluted with new stock. It’s the reasonmost capital raisestend to drive stock prices down for a while.</p><p><blockquote>那么,是什么在伤害中国电动汽车股票呢?理想汽车似乎对此负有责任,他宣布计划发行 750 美元的可转换债券,融资金额为多少,从而推动了股价下跌。这就是大多数增资计划在一段时间内压低股价的原因。</blockquote></p><p> A convertible bond can generate some stock selling pressure in yet another way. Convertible arbitrage traders will sell the stock of the issuer short and buy the convertible bond. That way they can lock in a relatively attractive bond yield and take the stock risk, embedded in a convertible, out of their return equation.</p><p><blockquote>可转换债券可以以另一种方式产生一些股票抛售压力。可转换套利交易者将卖空发行人的股票并买入可转换债券。这样,他们就可以锁定相对有吸引力的债券收益率,并将可转换债券中蕴含的股票风险排除在回报率之外。</blockquote></p><p> With Wednesday’s drop, NIO, XPeng, and Li stocks are down more than 20% on average this year. U.S. EV stocks aren’t doing so hot either.Lordstown Motors(RIDE) has tumbled 41% this year, whileWorkhorse Group(WKHS) has slumped 44%, andNikolahas dropped 19%. All three of those stock have had their own issues to deal with, such asnegative research reportsandcontract losses.</p><p><blockquote>随着周三的下跌,蔚来、小鹏和李的股票今年平均下跌超过 20%。Lordstown Motors (RIDE) 今年已下跌 41%,Workhorse Group (WKHS) 下跌 44%,Nikolahas 下跌 19%。这三只股票都有自己的问题需要处理,例如负面的研究报告和合同损失。</blockquote></p><p> And evenTesla(TSLA), which is down just 4.9% in 2021, has fallen 24% since peaking in January.</p><p><blockquote>evenTesla (TSLA) 2021 年仅下跌 4.9%,自 1 月份见顶以来已下跌 24%。</blockquote></p><p> EV investors havedealt with a lotalready in 2021. Higher interest rates, which make financing growth more expensive and reduce the value of future cash flows, hurt EV stocks. So has the chip shortage. NIO stock, for instance, dropped after it cut delivery guidance because of a lack of chips. Now the specter of more capital raises is shaking investor confidence a little more.</p><p><blockquote>电动汽车投资者已经在 2021 年处理了很多事情。利率上升会使融资增长更加昂贵并降低未来现金流的价值,从而损害电动汽车股票。芯片短缺也是如此。例如,蔚来股价在因缺乏筹码而下调交付指引后下跌。现在,更多融资的幽灵正在进一步动摇投资者的信心。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/nio-and-other-chinese-ev-stocks-are-getting-crushed-teslas-not-doing-so-hot-either-51617830812?siteid=yhoof2\">Barron's</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","XPEV":"小鹏集团","NIO":"蔚来"},"source_url":"https://www.barrons.com/articles/nio-and-other-chinese-ev-stocks-are-getting-crushed-teslas-not-doing-so-hot-either-51617830812?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139572887","content_text":"Shares ofNIO,XPeng,andLi Autofell dramatically in Wednesday trading, adding to recent investor pain. Electric vehicle stocks have been roiled by issues ranging frominterest ratechanges tomicrochip shortages. Today’s is due to a new reason.\nNIO (ticker: NIO) shares fell almost 7%. XPeng (XPEV) stock dropped 8%. Li Auto (LI) shares fared the worst Wednesday, dropping almost 13%.\nEV investors can’t use rotation out of highly valued technology stocks as an excuse, however. Recently, old economy value-oriented stocks have been outperforming tech as the global economy awakens from its Covid-induced coma. TheNasdaq Composite Indexfell only 0.1%. TheRussell 1000 Growth Indexand theS&P 500both closed up about 0.2%.\nSo what’s hurting Chinese EV stocks? Li Auto seems responsible, catalyzing the drop byannouncingplans for a $750 convertible bond offering in what amounts to a capital raise.Convertible bonds, as their name suggests, convert into common stock under certain conditions, and investors don’t like to see their existing stakes diluted with new stock. It’s the reasonmost capital raisestend to drive stock prices down for a while.\nA convertible bond can generate some stock selling pressure in yet another way. Convertible arbitrage traders will sell the stock of the issuer short and buy the convertible bond. That way they can lock in a relatively attractive bond yield and take the stock risk, embedded in a convertible, out of their return equation.\nWith Wednesday’s drop, NIO, XPeng, and Li stocks are down more than 20% on average this year. U.S. EV stocks aren’t doing so hot either.Lordstown Motors(RIDE) has tumbled 41% this year, whileWorkhorse Group(WKHS) has slumped 44%, andNikolahas dropped 19%. All three of those stock have had their own issues to deal with, such asnegative research reportsandcontract losses.\nAnd evenTesla(TSLA), which is down just 4.9% in 2021, has fallen 24% since peaking in January.\nEV investors havedealt with a lotalready in 2021. Higher interest rates, which make financing growth more expensive and reduce the value of future cash flows, hurt EV stocks. So has the chip shortage. NIO stock, for instance, dropped after it cut delivery guidance because of a lack of chips. Now the specter of more capital raises is shaking investor confidence a little more.","news_type":1,"symbols_score_info":{"XPEV":0.9,"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":414,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":37,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/341467624"}
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