Nio doesn't manufacture its ow_老虎社区_美港股上老虎

2020-12-16

Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery

Viewpoint: Nio, not Tesla! A better choice for electric car stocks in 2021<blockquote>观点：蔚来，不是特斯拉!2021年电动汽车股的更好选择</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":394783410,"tweetId":"394783410","gmtCreate":1608111054430,"gmtModify":1703851206537,"author":{"id":3564659014112138,"idStr":"3564659014112138","authorId":3564659014112138,"authorIdStr":"3564659014112138","name":"WGI","avatar":"https://static.tigerbbs.com/5893645ef17ddabf546e6aff1063ddb1","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery</body></html>","htmlText":"<html><head></head><body>Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery</body></html>","text":"Nio doesn't manufacture its own parts, try pitting Tesla's own manufactured battery vs Nio's battery","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":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最佳途径。</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 亿股股票，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>但这些股票肯定不一样。TeslaTSLA，-1.03%，10 多年前以每股 17 美元的价格上市，一直在华尔街挣扎，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火气。</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持有整个2021年，我的钱在蔚来而不是特斯拉。</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>蔚来的二次发行时机恰到好处：一些投资者指责蔚来最近在 12 月进行的二次发行是为了利用其飙升的股价而公然敛财。</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26亿美元的意外之财是在正确的时间做出的正确举措。没有人用枪指着任何人的头，要求他们支付每股 39 美元。这是一个合理的价格——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>如果你讨厌二级产品，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 亿美元的股票？还是2019年27亿澳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，这又如何呢？接下来是这个月筹集的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>如果你认为蔚来所谓的股票稀释是丧钟，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>特斯拉不是电动汽车的缩写：正如罗斯资本合伙公司（Roth Capital Partners）的一位分析师在 11 月份所说，“特斯拉是一只伞形股”，与该行业的所有其他股票都息息相关。</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>我并不否认这一点，但我不认为这是一件好事。虽然与福特汽车公司等传统汽车制造商相比，福特汽车公司（+2.69%）与电动汽车的采用肯定有更直接的联系，但认为更多的电动汽车销量肯定意味着特斯拉不断增长的市场价值是危险的。</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% 等伪装者分开时，最终市场将停止购买趋势并开始关注个股。鉴于特斯拉的高估值，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：尽管中国制造的 Model 3 汽车大肆宣传，但特斯拉 11 月份仅售出约 21,600 辆汽车。这足以在市场份额方面排名第三，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所需月度运行率的三分之一。</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不负众望，11 月份的销量激增超过 130%，达到 16.9 万辆。虽然特斯拉在美国市场占据主导地位，但其在中国销售的21,600辆汽车在拥挤的市场中只是一小部分。更重要的是，与 6 月份的 1.5 万辆相比，特斯拉在中国的原始增长率可能令人印象深刻，销量增加了 45%，但在该股估值超过 6000 亿美元的情况下，六个月后只增加了 6000 辆，实在很难让人兴奋。</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，基数较小：2020 年迄今为止，蔚来公认总共仅交付了 36,700 辆汽车。但这比 2019 年的数据高出 110% 以上--而且该公司正在积极投资，以保持更高的产量。</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>作为一家在美国和欧洲运营的老牌跨国公司的一部分，特斯拉在中国的增长必须被消化，而蔚来可以直接利用中国的机遇。如果你还记得特斯拉的早期，这家电动汽车制造商向人们出售时承诺，3 万辆交付量可以在短短几年内达到 30 万辆，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，以继续发展业务并排挤竞争对手。</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，特斯拉的工厂是 100% 美国人所有--虽然中国银行为该工厂提供了 14 亿美元的贷款，但这与与北京的合作伙伴建立商业伙伴关系大相径庭。</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：特斯拉没有中间立场。目前，高盛对该股的目标价为 780 美元，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）上恰如其分地说，特斯拉值得 “人们愿意相信埃隆-马斯克吹捧的任何东西”。</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，试图思考别人在想什么，马斯克在想什么，那就关注特斯拉。但对于许多希望避开噪音，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，可以避开如今特斯拉周围经常出现的部分（尽管不是全部）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最佳途径。</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 亿股股票，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>但这些股票肯定不一样。TeslaTSLA，-1.03%，10 多年前以每股 17 美元的价格上市，一直在华尔街挣扎，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火气。</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持有整个2021年，我的钱在蔚来而不是特斯拉。</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>蔚来的二次发行时机恰到好处：一些投资者指责蔚来最近在 12 月进行的二次发行是为了利用其飙升的股价而公然敛财。</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26亿美元的意外之财是在正确的时间做出的正确举措。没有人用枪指着任何人的头，要求他们支付每股 39 美元。这是一个合理的价格——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>如果你讨厌二级产品，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 亿美元的股票？还是2019年27亿澳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，这又如何呢？接下来是这个月筹集的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>如果你认为蔚来所谓的股票稀释是丧钟，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>特斯拉不是电动汽车的缩写：正如罗斯资本合伙公司（Roth Capital Partners）的一位分析师在 11 月份所说，“特斯拉是一只伞形股”，与该行业的所有其他股票都息息相关。</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>我并不否认这一点，但我不认为这是一件好事。虽然与福特汽车公司等传统汽车制造商相比，福特汽车公司（+2.69%）与电动汽车的采用肯定有更直接的联系，但认为更多的电动汽车销量肯定意味着特斯拉不断增长的市场价值是危险的。</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% 等伪装者分开时，最终市场将停止购买趋势并开始关注个股。鉴于特斯拉的高估值，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：尽管中国制造的 Model 3 汽车大肆宣传，但特斯拉 11 月份仅售出约 21,600 辆汽车。这足以在市场份额方面排名第三，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所需月度运行率的三分之一。</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不负众望，11 月份的销量激增超过 130%，达到 16.9 万辆。虽然特斯拉在美国市场占据主导地位，但其在中国销售的21,600辆汽车在拥挤的市场中只是一小部分。更重要的是，与 6 月份的 1.5 万辆相比，特斯拉在中国的原始增长率可能令人印象深刻，销量增加了 45%，但在该股估值超过 6000 亿美元的情况下，六个月后只增加了 6000 辆，实在很难让人兴奋。</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，基数较小：2020 年迄今为止，蔚来公认总共仅交付了 36,700 辆汽车。但这比 2019 年的数据高出 110% 以上--而且该公司正在积极投资，以保持更高的产量。</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>作为一家在美国和欧洲运营的老牌跨国公司的一部分，特斯拉在中国的增长必须被消化，而蔚来可以直接利用中国的机遇。如果你还记得特斯拉的早期，这家电动汽车制造商向人们出售时承诺，3 万辆交付量可以在短短几年内达到 30 万辆，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，以继续发展业务并排挤竞争对手。</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，特斯拉的工厂是 100% 美国人所有--虽然中国银行为该工厂提供了 14 亿美元的贷款，但这与与北京的合作伙伴建立商业伙伴关系大相径庭。</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：特斯拉没有中间立场。目前，高盛对该股的目标价为 780 美元，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）上恰如其分地说，特斯拉值得 “人们愿意相信埃隆-马斯克吹捧的任何东西”。</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，试图思考别人在想什么，马斯克在想什么，那就关注特斯拉。但对于许多希望避开噪音，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，可以避开如今特斯拉周围经常出现的部分（尽管不是全部）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,"tweetType":1,"viewCount":3401,"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":86,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/394783410"}