Fatexz的个人主页 - 老虎社区

Fatexz

Fatexz

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2021-03-14

$SINGAPORE AIRLINES LTD(C6L.SI)$Buy more tomorrow soar

2021-03-04

$NIO Inc.(NIO)$DONT LOSE HOPE

2021-03-14

$Holicity Inc(HOL)$It will soar trust guys

2021-03-19

BELIEVE IN TESLA GROWTH

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2021-03-05

$Holicity Inc(HOL)$My fellow astra believer hold with me once the confirm date is out it will go to the moon!

2021-06-27

Nio

Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>

2021-03-11

$Holicity Inc(HOL)$RECOVERY ROCKET

2021-03-22

buy Buy buy

GameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</blockquote>

2021-03-14

$Palantir Technologies Inc.(PLTR)$We are almost there to the moon!

2021-03-13

$NIO Inc.(NIO)$$60 in coming week lets go

2021-03-13

EV is the future!

Tesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</blockquote>

2021-03-05

In cathie woods we believe

Why Cathie Wood's once hot Ark Innovation ETF has lost all its 2021 gains<blockquote>为什么Cathie Wood曾经炙手可热的Ark Innovation ETF失去了2021年的所有涨幅</blockquote>

2021-02-11

$Holicity Inc(HOL)$Wait for ASTRA!

2021-06-25

Solid

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2021-03-17

With tesla future plan’s tesla is going to steal theshow again!

Volkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</blockquote>

2021-03-16

$GameStop(GME)$Its time to sell

2021-03-11

Kathie woods gotta make it fly

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2021-03-09

$Holicity Inc(HOL)$Tmr is the big day guys

2021-02-11

Good

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2021-06-29

Sick

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Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? 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Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? 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The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>","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>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</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\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">seekingalpha</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":{"F":"福特汽车","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"F":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125153612,"gmtCreate":1624665431936,"gmtModify":1633949983546,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Weee","listText":"Weee","text":"Weee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125153612","repostId":"1108941456","repostType":4,"isVote":1,"tweetType":1,"viewCount":3093,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126210318,"gmtCreate":1624574544734,"gmtModify":1634004305291,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Solid","listText":"Solid","text":"Solid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126210318","repostId":"1198422658","repostType":4,"isVote":1,"tweetType":1,"viewCount":1217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129758410,"gmtCreate":1624399789530,"gmtModify":1634006839295,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129758410","repostId":"1158992528","repostType":4,"isVote":1,"tweetType":1,"viewCount":2738,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162721695,"gmtCreate":1624076566417,"gmtModify":1634010981440,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"^^^","listText":"^^^","text":"^^^","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162721695","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1631884627596,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【老虎7周年】集卡瓜分百万奖金","htmlText":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> &#x1;如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。&#x1;如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 &#x1; &#x1;如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。&#x1; 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP &gt; 我的 &gt; 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","listText":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> &#x1;如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。&#x1;如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 &#x1; &#x1;如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。&#x1; 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP &gt; 我的 &gt; 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","text":"老虎7周年给大家发福利了，集齐TIGER五个字母即有机会瓜分百万奖金，你准备好了吗？ 戳我即可参与活动 \u0001如何参与？ 用户可通过完成活动页面展示的当日任务列表来获得字母卡，每完成一个任务即可随机获得一个字母，用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券，每个用户单日最多可获得20张字母卡（不包括好友赠予和魔法卡）。 用户在活动期间邀请累计7名好友完成注册并开户（注册时间和开户时间均在活动期间），即可获得一张魔法卡（每人仅可获得一张魔法卡）。魔法卡可用于兑换TIGER中的任意一个字母。\u0001如果用户的某一字母卡数量为0，则字母卡为灰色，用户可通过点击灰色的字母卡向好友索要卡片；如果用户的字母卡数量大于0，则字母卡为彩色，用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 \u0001 \u0001如何获得奖励？ 用户可在2021年7月1日至2021年7月2日期间进行开奖，所有集齐TIGER的客户可点击活动页面的“开奖”按钮，即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。\u0001 奖励发放： 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心，用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取，过期未领取的奖励将自动失效。 重要提示： 本次7周年活动涉及不同国家和地区，由于各地区的监管要求不同，不同地区的活动奖励会有所区别。欲知详情，请点击下方活动链接，登陆您的账号，并点击“活动规则“查看详情。","images":[{"img":"https://static.tigerbbs.com/ab28db31a19b458d604a8bf02becddd3","width":"415","height":"125"},{"img":"https://static.tigerbbs.com/5227ebb594fe55b532c840acef147d7b","width":"415","height":"495"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188959807,"gmtCreate":1623420038009,"gmtModify":1634033436899,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/188959807","repostId":"2142022769","repostType":4,"isVote":1,"tweetType":1,"viewCount":3069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188950725,"gmtCreate":1623420030667,"gmtModify":1634033437264,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/188950725","repostId":"1102090194","repostType":4,"repost":{"id":"1102090194","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623419256,"share":"https://www.laohu8.com/m/news/1102090194?lang=zh_CN&edition=full","pubTime":"2021-06-11 21:47","market":"us","language":"en","title":"Cruise line stocks fell as Two Guests Test Positive for COVID-19<blockquote>两名客人COVID-19检测呈阳性，邮轮公司股价下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102090194","media":"Tiger Newspress","summary":"(June 11) Cruise line stocks fell as two guests on Royal Caribbean's Celebrity Millennium ship teste","content":"<p>(June 11)&nbsp;Cruise line stocks fell&nbsp;as two guests on Royal Caribbean's Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>（6月11日）皇家加勒比名人千禧号上的两名客人新冠肺炎检测呈阳性，邮轮公司股票下跌。</blockquote></p><p> Airline&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>航空股早盘上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f60ad4e95f4cf84c7310ed909e0fa7c5\" tg-width=\"301\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>   The duo were on a trip that began in St. Maarten aboard Royal Caribbean's Celebrity Millennium ship. They are asymptomatic and in isolation, RCL said.  Royal Caribbean Group&nbsp;(<b>RCL</b>) -Get Report&nbsp;shares fell Friday after the company said two guests on its Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>两人乘坐皇家加勒比的名人千禧号从圣马丁开始旅行。RCL说，他们没有症状，处于隔离状态。皇家加勒比集团（<b>RCL</b>)-Get Report股价周五下跌，此前该公司表示其名人千禧号船上的两名客人的COVID-19检测呈阳性。</blockquote></p><p> The two cruisers are asymptomatic and in isolation, RCL said. They were sharing a room and tested positive toward the end of the cruise, which began in St. Maarten.</p><p><blockquote>RCL说，这两艘巡洋舰没有症状，正在隔离中。他们共用一个房间，在从圣马丁开始的航行快结束时检测呈阳性。</blockquote></p><p> The trip was one of RCL’s first to resume in the region after the pandemic forced a shutdown in March 2020. RCL said it’s going through contact tracing, conducting testing on all of the duo’s close contacts and is closely monitoring what’s happening on the ship.</p><p><blockquote>此次旅行是2020年3月疫情迫使关闭后，RCL在该地区首批恢复的旅行之一。RCL表示，正在进行接触者追踪，对两人的所有密切接触者进行测试，并密切监测船上发生的情况。</blockquote></p><p> RCL recently traded at $88.78, down 2.04%, in pre-market trading on Friday. It has climbed 12% in the past six months amid enthusiasm for reopenings in the cruise industry and the economy as a whole.</p><p><blockquote>周五盘前交易中，RCL最新交易价格为88.78美元，下跌2.04%。由于邮轮业和整体经济对重新开放的热情，该指数在过去六个月中上涨了12%。</blockquote></p><p> In May and early June,the U.S. Centers for Disease Control and Prevention gavetwo RCL ships the nod to do a test sailing in U.S. waters.</p><p><blockquote>5月和6月初，美国疾病控制与预防中心批准两艘RCL船舶在美国水域进行试航。</blockquote></p><p> Allure of the Seas is set to start test cruises from Port Canaveral July 27 to July 29, and Symphony of the Seas will do the same from PortMiami Aug. 1 through Aug. 3.</p><p><blockquote>海洋诱惑号将于7月27日至7月29日从卡纳维拉尔港开始试航，海洋交响乐号将于8月1日至8月3日从迈阿密港开始试航。</blockquote></p><p> In March,RCL announced it would resume Caribbeansailings in June.</p><p><blockquote>3月，RCL宣布将于6月恢复加勒比海航线。</blockquote></p><p> Also in March, RCL, Carnival Corp.(<b>CCL</b>) -Get Report&nbsp;and Norwegian Cruise Line&nbsp;(<b>NCLH</b>) -Get Report&nbsp;all&nbsp;received price-target increasesfrom J.P. Morgan, based on the prospect of economic recovery.</p><p><blockquote>同样在3月，RCL、嘉年华公司（<b>CCL</b>)-获取报告和挪威邮轮公司(<b>NCLH</b>)-Get报告基于经济复苏的前景，摩根大通均上调了目标价。</blockquote></p><p> J.P. Morgan analyst Brandt Montour lifted his target price on RCL to $110 from $100,</p><p><blockquote>摩根大通分析师Brandt Montour将RCL的目标价从100美元上调至110美元，</blockquote></p><p> “We … raise our price targets on slightly higher target multiples driven by positively evolving expectations for potential pricing power,” he said.</p><p><blockquote>他表示：“由于对潜在定价能力的预期积极变化，我们……将价格目标提高到略高的目标倍数。”</blockquote></p><p></p>","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>Cruise line stocks fell as Two Guests Test Positive for COVID-19<blockquote>两名客人COVID-19检测呈阳性，邮轮公司股价下跌</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\">\nCruise line stocks fell as Two Guests Test Positive for COVID-19<blockquote>两名客人COVID-19检测呈阳性，邮轮公司股价下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-11 21:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 11)&nbsp;Cruise line stocks fell&nbsp;as two guests on Royal Caribbean's Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>（6月11日）皇家加勒比名人千禧号上的两名客人新冠肺炎检测呈阳性，邮轮公司股票下跌。</blockquote></p><p> Airline&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>航空股早盘上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f60ad4e95f4cf84c7310ed909e0fa7c5\" tg-width=\"301\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>   The duo were on a trip that began in St. Maarten aboard Royal Caribbean's Celebrity Millennium ship. They are asymptomatic and in isolation, RCL said.  Royal Caribbean Group&nbsp;(<b>RCL</b>) -Get Report&nbsp;shares fell Friday after the company said two guests on its Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>两人乘坐皇家加勒比的名人千禧号从圣马丁开始旅行。RCL说，他们没有症状，处于隔离状态。皇家加勒比集团（<b>RCL</b>)-Get Report股价周五下跌，此前该公司表示其名人千禧号船上的两名客人的COVID-19检测呈阳性。</blockquote></p><p> The two cruisers are asymptomatic and in isolation, RCL said. They were sharing a room and tested positive toward the end of the cruise, which began in St. Maarten.</p><p><blockquote>RCL说，这两艘巡洋舰没有症状，正在隔离中。他们共用一个房间，在从圣马丁开始的航行快结束时检测呈阳性。</blockquote></p><p> The trip was one of RCL’s first to resume in the region after the pandemic forced a shutdown in March 2020. RCL said it’s going through contact tracing, conducting testing on all of the duo’s close contacts and is closely monitoring what’s happening on the ship.</p><p><blockquote>此次旅行是2020年3月疫情迫使关闭后，RCL在该地区首批恢复的旅行之一。RCL表示，正在进行接触者追踪，对两人的所有密切接触者进行测试，并密切监测船上发生的情况。</blockquote></p><p> RCL recently traded at $88.78, down 2.04%, in pre-market trading on Friday. It has climbed 12% in the past six months amid enthusiasm for reopenings in the cruise industry and the economy as a whole.</p><p><blockquote>周五盘前交易中，RCL最新交易价格为88.78美元，下跌2.04%。由于邮轮业和整体经济对重新开放的热情，该指数在过去六个月中上涨了12%。</blockquote></p><p> In May and early June,the U.S. Centers for Disease Control and Prevention gavetwo RCL ships the nod to do a test sailing in U.S. waters.</p><p><blockquote>5月和6月初，美国疾病控制与预防中心批准两艘RCL船舶在美国水域进行试航。</blockquote></p><p> Allure of the Seas is set to start test cruises from Port Canaveral July 27 to July 29, and Symphony of the Seas will do the same from PortMiami Aug. 1 through Aug. 3.</p><p><blockquote>海洋诱惑号将于7月27日至7月29日从卡纳维拉尔港开始试航，海洋交响乐号将于8月1日至8月3日从迈阿密港开始试航。</blockquote></p><p> In March,RCL announced it would resume Caribbeansailings in June.</p><p><blockquote>3月，RCL宣布将于6月恢复加勒比海航线。</blockquote></p><p> Also in March, RCL, Carnival Corp.(<b>CCL</b>) -Get Report&nbsp;and Norwegian Cruise Line&nbsp;(<b>NCLH</b>) -Get Report&nbsp;all&nbsp;received price-target increasesfrom J.P. Morgan, based on the prospect of economic recovery.</p><p><blockquote>同样在3月，RCL、嘉年华公司（<b>CCL</b>)-获取报告和挪威邮轮公司(<b>NCLH</b>)-Get报告基于经济复苏的前景，摩根大通均上调了目标价。</blockquote></p><p> J.P. Morgan analyst Brandt Montour lifted his target price on RCL to $110 from $100,</p><p><blockquote>摩根大通分析师Brandt Montour将RCL的目标价从100美元上调至110美元，</blockquote></p><p> “We … raise our price targets on slightly higher target multiples driven by positively evolving expectations for potential pricing power,” he said.</p><p><blockquote>他表示：“由于对潜在定价能力的预期积极变化，我们……将价格目标提高到略高的目标倍数。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮","NCLH":"挪威邮轮","RCL":"皇家加勒比邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102090194","content_text":"(June 11) Cruise line stocks fell as two guests on Royal Caribbean's Celebrity Millennium ship tested positive for COVID-19.\nAirline stocks rose in morning trading.\n\n\n The duo were on a trip that began in St. Maarten aboard Royal Caribbean's Celebrity Millennium ship. They are asymptomatic and in isolation, RCL said.\n\nRoyal Caribbean Group (RCL) -Get Report shares fell Friday after the company said two guests on its Celebrity Millennium ship tested positive for COVID-19.\nThe two cruisers are asymptomatic and in isolation, RCL said. They were sharing a room and tested positive toward the end of the cruise, which began in St. Maarten.\nThe trip was one of RCL’s first to resume in the region after the pandemic forced a shutdown in March 2020. RCL said it’s going through contact tracing, conducting testing on all of the duo’s close contacts and is closely monitoring what’s happening on the ship.\nRCL recently traded at $88.78, down 2.04%, in pre-market trading on Friday. It has climbed 12% in the past six months amid enthusiasm for reopenings in the cruise industry and the economy as a whole.\nIn May and early June,the U.S. Centers for Disease Control and Prevention gavetwo RCL ships the nod to do a test sailing in U.S. waters.\nAllure of the Seas is set to start test cruises from Port Canaveral July 27 to July 29, and Symphony of the Seas will do the same from PortMiami Aug. 1 through Aug. 3.\nIn March,RCL announced it would resume Caribbeansailings in June.\nAlso in March, RCL, Carnival Corp.(CCL) -Get Report and Norwegian Cruise Line (NCLH) -Get Report all received price-target increasesfrom J.P. Morgan, based on the prospect of economic recovery.\nJ.P. Morgan analyst Brandt Montour lifted his target price on RCL to $110 from $100,\n“We … raise our price targets on slightly higher target multiples driven by positively evolving expectations for potential pricing power,” he said.","news_type":1,"symbols_score_info":{"RCL":0.9,"CCL":0.9,"NCLH":0.9}},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374653423,"gmtCreate":1619445465662,"gmtModify":1634273414066,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Lets geddit","listText":"Lets geddit","text":"Lets geddit","images":[{"img":"https://static.tigerbbs.com/a1f44e462ceed3e3d2332c3c610ab5f4","width":"750","height":"1990"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374653423","isVote":1,"tweetType":1,"viewCount":676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":359169874,"gmtCreate":1616374397098,"gmtModify":1634526204533,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"buy Buy buy&nbsp;","listText":"buy Buy buy&nbsp;","text":"buy Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359169874","repostId":"1162363864","repostType":4,"repost":{"id":"1162363864","kind":"news","pubTimestamp":1616372849,"share":"https://www.laohu8.com/m/news/1162363864?lang=zh_CN&edition=full","pubTime":"2021-03-22 08:27","market":"us","language":"en","title":"GameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162363864","media":"barrons","summary":"The earnings calendar is again sparse this week, during a quiet period between earnings seasons. The","content":"<p>The earnings calendar is again sparse this week,&nbsp;during a quiet&nbsp;period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.</p><p><blockquote>在财报季之间的平静时期，本周的财报日历再次稀疏。发布报告的少数大公司包括周二的Adobe和Gamestopon、周三的General Millson和周四的Darden Restaurants。联合利华和霍尼韦尔国际将分别于周一和周四举办投资者活动。Huntington Bancshares和TCF Financial的股东将于周四就两家公司拟议的合并进行投票。</blockquote></p><p> Economic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and&nbsp;IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation,&nbsp;the Personal Consumption Expenditures Price Index for February, will also be out on Friday.</p><p><blockquote>本周公布的经济数据包括人口普查局2月份耐用品报告（被视为商业投资的良好指标）以及IHS Markit 3月份制造业和服务业采购经理人指数，所有数据均于周三公布。周五，经济分析局将公布2月份个人收入和支出数据。美联储首选的通胀指标——2月份个人消费支出价格指数也将于周五公布。</blockquote></p><p> Other releases include the National Association of Realtors’&nbsp;existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’&nbsp;third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February,&nbsp;at a 4.1% annualized rate of growth.</p><p><blockquote>其他发布的数据包括周一全国房地产经纪人协会2月份现房销售数据和周二人口普查局2月份新单户住宅销售数据。最后，周四，经济分析局对2020年第四季度GDP的第三次也是最终估计预计与2月底的第二次估计持平，年化增长率为4.1%。</blockquote></p><p> Monday 3/22</p><p><blockquote>3/22星期一</blockquote></p><p> <b>The National Association</b>of Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.</p><p><blockquote><b>全国协会</b>房地产经纪人报告二月份现房销售情况。市场普遍估计，经季节调整后的房屋销售量为655万套，略低于1月份的数据。由于房屋库存创下历史新低，1月份成屋销售价格中位数为303,900美元，同比上涨14.1%。</blockquote></p><p> <b>The Federal Reserve</b>Bank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.</p><p><blockquote><b>美联储</b>芝加哥银行发布2月份全国活动指数。经济学家预测为0.68，与1月份的0.66大致持平。积极的读数表明经济增长速度快于历史趋势。</blockquote></p><p> <b>Unilever hosts</b>an investor presentation to discuss its U.S. operations.</p><p><blockquote><b>联合利华主机</b>讨论其美国业务的投资者演示文稿。</blockquote></p><p> Tuesday 3/23</p><p><blockquote>星期二3/23</blockquote></p><p> <b>Adobe, IHS Markit,</b>and GameStop report quarterly results.</p><p><blockquote><b>Adobe、IHS Markit、</b>和游戏驿站报告季度业绩。</blockquote></p><p> <b>The Census Bureau</b>reports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.</p><p><blockquote><b>人口普查局</b>报告二月份新单户住宅销售情况。预计经季节调整后的年增长率为90万套房屋，略低于1月份的数字。新房销售刚刚脱离去年7月创下的金融危机后峰值。</blockquote></p><p> Wednesday 3/24</p><p><blockquote>星期三3/24</blockquote></p><p> <b>General Mills releases</b>fiscal third-quarter earnings.</p><p><blockquote><b>通用磨坊发布</b>第三财季收益。</blockquote></p><p> <b>The Census Bureau</b>releases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.</p><p><blockquote><b>人口普查局</b>发布2月份耐用品报告。普遍的看涨期权是耐用品制造业新订单环比增长0.5%，达到2580亿美元。不包括运输，新订单也增长了0.5%。相比之下，1月份的增幅分别为3.4%和1.3%。</blockquote></p><p> <b>IHS Markit releases</b>both its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.</p><p><blockquote><b>IHS Markit发布</b>3月份制造业和服务业采购经理人指数。经济学家预测制造业PMI为58.8，服务业PMI为59.8，均与2月份数据相似。上个月，两项PMI的综合读数均创下六年来的新高。</blockquote></p><p> Thursday 3/25</p><p><blockquote>3/25星期四</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.</p><p><blockquote><b>经济局</b>分析报告了对2020年第四季度GDP的第三次也是最终估计。经济学家预测年增长率为4.1%，与东亚银行2月底发布的第二次估计持平。</blockquote></p><p> <b>Honeywell International</b>hosts a webcast to discuss its sustainability initiatives.</p><p><blockquote><b>霍尼韦尔国际</b>主持网络广播，讨论其可持续发展计划。</blockquote></p><p> <b>Huntington Bancshares</b>and TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.</p><p><blockquote><b>亨廷顿银行股份公司</b>和TCF Financial召开特别股东大会，寻求批准他们于12月首次宣布的60亿美元合并。合并后的公司将成为美国十大地区性银行之一。</blockquote></p><p> Friday 3/26</p><p><blockquote>星期五3/26</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.</p><p><blockquote><b>经济局</b>分析报告了2月份的个人收入和支出数据。收入预计将环比下降7.5%，而1月份则增长10%。支出预计将持平，此前增长2.4%。美联储青睐的通胀指标个人消费支出价格指数预计同比上涨1.5%，与1月份数据持平。</blockquote></p><p></p>","source":"lsy1601382232898","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>GameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</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\">\nGameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-03-22 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The earnings calendar is again sparse this week,&nbsp;during a quiet&nbsp;period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.</p><p><blockquote>在财报季之间的平静时期，本周的财报日历再次稀疏。发布报告的少数大公司包括周二的Adobe和Gamestopon、周三的General Millson和周四的Darden Restaurants。联合利华和霍尼韦尔国际将分别于周一和周四举办投资者活动。Huntington Bancshares和TCF Financial的股东将于周四就两家公司拟议的合并进行投票。</blockquote></p><p> Economic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and&nbsp;IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation,&nbsp;the Personal Consumption Expenditures Price Index for February, will also be out on Friday.</p><p><blockquote>本周公布的经济数据包括人口普查局2月份耐用品报告（被视为商业投资的良好指标）以及IHS Markit 3月份制造业和服务业采购经理人指数，所有数据均于周三公布。周五，经济分析局将公布2月份个人收入和支出数据。美联储首选的通胀指标——2月份个人消费支出价格指数也将于周五公布。</blockquote></p><p> Other releases include the National Association of Realtors’&nbsp;existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’&nbsp;third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February,&nbsp;at a 4.1% annualized rate of growth.</p><p><blockquote>其他发布的数据包括周一全国房地产经纪人协会2月份现房销售数据和周二人口普查局2月份新单户住宅销售数据。最后，周四，经济分析局对2020年第四季度GDP的第三次也是最终估计预计与2月底的第二次估计持平，年化增长率为4.1%。</blockquote></p><p> Monday 3/22</p><p><blockquote>3/22星期一</blockquote></p><p> <b>The National Association</b>of Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.</p><p><blockquote><b>全国协会</b>房地产经纪人报告二月份现房销售情况。市场普遍估计，经季节调整后的房屋销售量为655万套，略低于1月份的数据。由于房屋库存创下历史新低，1月份成屋销售价格中位数为303,900美元，同比上涨14.1%。</blockquote></p><p> <b>The Federal Reserve</b>Bank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.</p><p><blockquote><b>美联储</b>芝加哥银行发布2月份全国活动指数。经济学家预测为0.68，与1月份的0.66大致持平。积极的读数表明经济增长速度快于历史趋势。</blockquote></p><p> <b>Unilever hosts</b>an investor presentation to discuss its U.S. operations.</p><p><blockquote><b>联合利华主机</b>讨论其美国业务的投资者演示文稿。</blockquote></p><p> Tuesday 3/23</p><p><blockquote>星期二3/23</blockquote></p><p> <b>Adobe, IHS Markit,</b>and GameStop report quarterly results.</p><p><blockquote><b>Adobe、IHS Markit、</b>和游戏驿站报告季度业绩。</blockquote></p><p> <b>The Census Bureau</b>reports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.</p><p><blockquote><b>人口普查局</b>报告二月份新单户住宅销售情况。预计经季节调整后的年增长率为90万套房屋，略低于1月份的数字。新房销售刚刚脱离去年7月创下的金融危机后峰值。</blockquote></p><p> Wednesday 3/24</p><p><blockquote>星期三3/24</blockquote></p><p> <b>General Mills releases</b>fiscal third-quarter earnings.</p><p><blockquote><b>通用磨坊发布</b>第三财季收益。</blockquote></p><p> <b>The Census Bureau</b>releases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.</p><p><blockquote><b>人口普查局</b>发布2月份耐用品报告。普遍的看涨期权是耐用品制造业新订单环比增长0.5%，达到2580亿美元。不包括运输，新订单也增长了0.5%。相比之下，1月份的增幅分别为3.4%和1.3%。</blockquote></p><p> <b>IHS Markit releases</b>both its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.</p><p><blockquote><b>IHS Markit发布</b>3月份制造业和服务业采购经理人指数。经济学家预测制造业PMI为58.8，服务业PMI为59.8，均与2月份数据相似。上个月，两项PMI的综合读数均创下六年来的新高。</blockquote></p><p> Thursday 3/25</p><p><blockquote>3/25星期四</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.</p><p><blockquote><b>经济局</b>分析报告了对2020年第四季度GDP的第三次也是最终估计。经济学家预测年增长率为4.1%，与东亚银行2月底发布的第二次估计持平。</blockquote></p><p> <b>Honeywell International</b>hosts a webcast to discuss its sustainability initiatives.</p><p><blockquote><b>霍尼韦尔国际</b>主持网络广播，讨论其可持续发展计划。</blockquote></p><p> <b>Huntington Bancshares</b>and TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.</p><p><blockquote><b>亨廷顿银行股份公司</b>和TCF Financial召开特别股东大会，寻求批准他们于12月首次宣布的60亿美元合并。合并后的公司将成为美国十大地区性银行之一。</blockquote></p><p> Friday 3/26</p><p><blockquote>星期五3/26</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.</p><p><blockquote><b>经济局</b>分析报告了2月份的个人收入和支出数据。收入预计将环比下降7.5%，而1月份则增长10%。支出预计将持平，此前增长2.4%。美联储青睐的通胀指标个人消费支出价格指数预计同比上涨1.5%，与1月份数据持平。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-adobe-honeywell-darden-restaurants-and-other-stocks-for-investors-to-watch-this-week-51616353213?mod=hp_LATEST\">barrons</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":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-adobe-honeywell-darden-restaurants-and-other-stocks-for-investors-to-watch-this-week-51616353213?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162363864","content_text":"The earnings calendar is again sparse this week, during a quiet period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.\nEconomic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures Price Index for February, will also be out on Friday.\nOther releases include the National Association of Realtors’ existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’ third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February, at a 4.1% annualized rate of growth.\nMonday 3/22\nThe National Associationof Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.\nThe Federal ReserveBank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.\nUnilever hostsan investor presentation to discuss its U.S. operations.\nTuesday 3/23\nAdobe, IHS Markit,and GameStop report quarterly results.\nThe Census Bureaureports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.\nWednesday 3/24\nGeneral Mills releasesfiscal third-quarter earnings.\nThe Census Bureaureleases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.\nIHS Markit releasesboth its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.\nThursday 3/25\nThe Bureau of EconomicAnalysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.\nHoneywell Internationalhosts a webcast to discuss its sustainability initiatives.\nHuntington Bancsharesand TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.\nFriday 3/26\nThe Bureau of EconomicAnalysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350298594,"gmtCreate":1616208161118,"gmtModify":1631886478107,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKG\">$ARK Genomic Revolution Multi-Sector ETF(ARKG)$</a>All is well&nbsp;","listText":"<a href=\"https://laohu8.com/S/ARKG\">$ARK Genomic Revolution Multi-Sector ETF(ARKG)$</a>All is well&nbsp;","text":"$ARK Genomic Revolution Multi-Sector ETF(ARKG)$All is well","images":[{"img":"https://static.tigerbbs.com/1c613a17e28bb17b940d23dfb3b590fe","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350298594","isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":350298343,"gmtCreate":1616208127182,"gmtModify":1634526725192,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350298343","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","kind":"news","pubTimestamp":1616166767,"share":"https://www.laohu8.com/m/news/1117450855?lang=zh_CN&edition=full","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’<blockquote>鲍威尔表示美联储将“只要需要”继续支持经济</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<p>  <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>  Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p><p><blockquote><b>美联储主席在《华尔街日报》专栏中表示，前景一片光明，但复苏“远未完成”。</b>美联储主席鲍威尔周五表示，虽然美国经济前景“一片光明”，但复苏“远未完成”。</blockquote></p><p> In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p><p><blockquote>在《华尔街日报》发表的一篇专栏文章中，鲍威尔讲述了去年2月他意识到冠状病毒大流行将席卷全国的那一刻。</blockquote></p><p> “The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p><p><blockquote>“美国经济面临的危险是严重的。面临的挑战是限制后果的严重程度和持续时间，以避免长期损害，”他说。</blockquote></p><p> Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p><p><blockquote>鲍威尔和他的同事根据从2008-2009年大衰退的缓慢复苏中吸取的教训，设计了对危机的快速反应，即迅速采取行动可能会更好。</blockquote></p><p> The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p><p><blockquote>央行迅速将政策利率下调至零，并启动了被称为量化宽松的开放式资产购买计划。</blockquote></p><p> With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p><p><blockquote>随着经济学家预测2021年将出现强劲增长，每天都有更多的美国人接种疫苗，金融市场想知道美联储的支持将持续多久。</blockquote></p><p> In the op-ed, Powell said the situation “is much improved.”</p><p><blockquote>鲍威尔在专栏中表示，情况“有了很大改善”。</blockquote></p><p> “But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p><p><blockquote>鲍威尔表示：“但复苏远未完成，因此美联储将继续为经济提供所需的支持，只要经济需要。”</blockquote></p><p> “I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p><p><blockquote>他说：“我真的相信，我们将从这场危机中变得更强大、更好，就像我们以前经常做的那样。”</blockquote></p><p> On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p><p><blockquote>周三，美联储在最近的政策会议上再次承诺了宽松的货币政策立场，尽管预计今年经济增长将更加强劲，通胀将上升。</blockquote></p><p> The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p><p><blockquote>美联储主席在周五的文章中没有提及通胀前景。华尔街许多人担心，在美联储收回宽松政策立场之前，经济会过热。</blockquote></p><p> Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p><p><blockquote>10年期国债TMUBMUSD10Y, 1.734%的收益率在年初低于1%后，本周已升至1.73%。</blockquote></p><p> Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p><p><blockquote>周五股市走低，道琼斯工业平均指数DJIA在早盘交易中下跌187点，-0.71%。</blockquote></p><p></p>","source":"market_watch","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>Powell says Fed will keep supporting economy ‘for as long as it takes’<blockquote>鲍威尔表示美联储将“只要需要”继续支持经济</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\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’<blockquote>鲍威尔表示美联储将“只要需要”继续支持经济</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-03-19 23:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>  Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p><p><blockquote><b>美联储主席在《华尔街日报》专栏中表示，前景一片光明，但复苏“远未完成”。</b>美联储主席鲍威尔周五表示，虽然美国经济前景“一片光明”，但复苏“远未完成”。</blockquote></p><p> In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p><p><blockquote>在《华尔街日报》发表的一篇专栏文章中，鲍威尔讲述了去年2月他意识到冠状病毒大流行将席卷全国的那一刻。</blockquote></p><p> “The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p><p><blockquote>“美国经济面临的危险是严重的。面临的挑战是限制后果的严重程度和持续时间，以避免长期损害，”他说。</blockquote></p><p> Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p><p><blockquote>鲍威尔和他的同事根据从2008-2009年大衰退的缓慢复苏中吸取的教训，设计了对危机的快速反应，即迅速采取行动可能会更好。</blockquote></p><p> The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p><p><blockquote>央行迅速将政策利率下调至零，并启动了被称为量化宽松的开放式资产购买计划。</blockquote></p><p> With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p><p><blockquote>随着经济学家预测2021年将出现强劲增长，每天都有更多的美国人接种疫苗，金融市场想知道美联储的支持将持续多久。</blockquote></p><p> In the op-ed, Powell said the situation “is much improved.”</p><p><blockquote>鲍威尔在专栏中表示，情况“有了很大改善”。</blockquote></p><p> “But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p><p><blockquote>鲍威尔表示：“但复苏远未完成，因此美联储将继续为经济提供所需的支持，只要经济需要。”</blockquote></p><p> “I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p><p><blockquote>他说：“我真的相信，我们将从这场危机中变得更强大、更好，就像我们以前经常做的那样。”</blockquote></p><p> On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p><p><blockquote>周三，美联储在最近的政策会议上再次承诺了宽松的货币政策立场，尽管预计今年经济增长将更加强劲，通胀将上升。</blockquote></p><p> The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p><p><blockquote>美联储主席在周五的文章中没有提及通胀前景。华尔街许多人担心，在美联储收回宽松政策立场之前，经济会过热。</blockquote></p><p> Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p><p><blockquote>10年期国债TMUBMUSD10Y, 1.734%的收益率在年初低于1%后，本周已升至1.73%。</blockquote></p><p> Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p><p><blockquote>周五股市走低，道琼斯工业平均指数DJIA在早盘交易中下跌187点，-0.71%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">marketwatch</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":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327203099,"gmtCreate":1616083470711,"gmtModify":1634527299263,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327203099","repostId":"1173127174","repostType":4,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327209550,"gmtCreate":1616083453970,"gmtModify":1634527299381,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"BELIEVE IN TESLA GROWTH&nbsp;","listText":"BELIEVE IN TESLA GROWTH&nbsp;","text":"BELIEVE IN TESLA GROWTH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327209550","repostId":"1175724118","repostType":4,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324027627,"gmtCreate":1615945574269,"gmtModify":1703495348615,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>No worries EV is the future!","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>No worries EV is the future!","text":"$NIO Inc.(NIO)$No worries EV is the future!","images":[{"img":"https://static.tigerbbs.com/d8bf5f448a699be73ab06775e1a7b50d","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324027627","isVote":1,"tweetType":1,"viewCount":824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324024650,"gmtCreate":1615945537570,"gmtModify":1703495347417,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"With tesla future plan’s tesla is going to steal theshow again!","listText":"With tesla future plan’s tesla is going to steal theshow again!","text":"With tesla future plan’s tesla is going to steal theshow again!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324024650","repostId":"1126006763","repostType":4,"repost":{"id":"1126006763","kind":"news","pubTimestamp":1615943088,"share":"https://www.laohu8.com/m/news/1126006763?lang=zh_CN&edition=full","pubTime":"2021-03-17 09:04","market":"us","language":"en","title":"Volkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126006763","media":"CNN Business","summary":"London  - Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.After years as the undisputed king of the electric car,Tesla  could be matched sale for sale by Volkswagen  as early as 2022, according to analysts at UBS, who predict that Europe's biggest carmaker will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volk","content":"<p><b>London (CNN Business)&nbsp;-&nbsp;</b>Tesla&nbsp;knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.</p><p><blockquote><b>伦敦（CNN商业）——</b>特斯拉知道如何颠覆一个行业。它可能很快就会发现在接收端是什么感觉。</blockquote></p><p> After years as the undisputed king of the electric car,Tesla&nbsp;(TSLA)&nbsp;could be matched sale for sale by&nbsp;Volkswagen&nbsp;(VLKAF)&nbsp;as early as 2022, according to analysts at UBS, who predict that&nbsp;Europe's biggest carmaker&nbsp;will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.</p><p><blockquote>瑞银(UBS)分析师表示，特斯拉(TSLA)多年来一直是无可争议的电动汽车之王，最早可能在2022年与大众汽车(VLKAF)并驾齐驱，他们预测这家欧洲最大的汽车制造商将继续销售30万辆到2025年，电池电动汽车将超过特斯拉。</blockquote></p><p> Ending Tesla's reign would be a huge milestone in Volkswagen's transformation into an&nbsp;electric vehicle powerhouse. Badly burned by its diesel emissions scandal in 2015, Europe's largest carmaker is investing €35 billion ($42 billion) in electric vehicles, staking its future on new technology and a dramatic shift away from fossil fuels.</p><p><blockquote>结束特斯拉的统治将是大众汽车向电动汽车巨头转型的一个巨大里程碑。这家欧洲最大的汽车制造商因2015年柴油排放丑闻而遭受重创，正在投资350亿欧元（420亿美元）购买电动汽车，将其未来押注于新技术和从化石燃料的大幅转变。</blockquote></p><p> \"Tesla is not only about electric vehicles. Tesla is also very strong in software. They really run the car as a device. They are making good progress on the autonomous thing. But yes ... we are going to challenge Tesla,\" Volkswagen CEO Herbert Diess told CNN's Julia Chatterley on Tuesday.</p><p><blockquote>大众汽车首席执行官Herbert Diess周二对CNN的Julia Chatterley表示：“特斯拉不仅仅是电动汽车。特斯拉在软件方面也非常强大。他们确实将汽车作为一个设备来运行。他们在自动驾驶方面取得了良好进展。但是，是的……我们将挑战特斯拉。”</blockquote></p><p> Volkswagen this week underscored the scale of that ambition. It said it would sell more than 2 million electric vehicles by 2025, build its own network of vast battery factories, hire 6,500 IT experts over the next five years, launch its own operating system, and become Europe's second biggest software company behindSAP&nbsp;(SAP).</p><p><blockquote>大众汽车本周强调了这一雄心的规模。该公司表示，到2025年，将销售超过200万辆电动汽车，建立自己的庞大电池工厂网络，在未来五年内雇佣6,500名IT专家，推出自己的操作系统，并成为仅次于SAP（SAP）的欧洲第二大软件公司。</blockquote></p><p> UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going \"all in\" on electric cars before other established carmakers includingToyota(TM)andGeneral Motors(GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).</p><p><blockquote>瑞银分析师上周对记者表示，投资者未能意识到大众汽车在特斯拉取得进展的速度，以及这家德国公司在丰田等其他老牌汽车制造商之前“全押”电动汽车将赚多少钱。TM）和通用汽车（GM）。瑞银将大众汽车股票目标价上调50%至300欧元（358美元）。</blockquote></p><p> \"We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year, while their margins will be stable or even grow from here. That is something that is totally unappreciated,\" said UBS analyst Patrick Hummel.</p><p><blockquote>瑞银分析师Patrick Hummel表示：“我们比以往任何时候都更有信心，大众汽车将实现销量增长的独特组合，使其最快明年与特斯拉一起成为全球最大的[电动]汽车制造商，同时其利润率将保持稳定，甚至在此基础上增长。这是完全不受重视的事情。”</blockquote></p><p> Volkswagen, which owns Porsche, Audi, Skoda and SEAT, sold 231,600 battery electric vehicles in 2020. That's less than half the number of sales Tesla made, but it represents an increase of 214% on the previous year. Rapid growth is expected to continue as Volkswagen launches 70 electric vehicles before the end of the decade. It will operate eight electric vehicle plants by 2022, producing models in nearly every segment — from small cars to SUVs and luxury sedans.</p><p><blockquote>拥有保时捷、奥迪、斯柯达和西雅特的大众汽车2020年销售了231,600辆纯电动汽车。这还不到特斯拉销售额的一半，但比上一年增长了214%。随着大众汽车在本世纪末推出70款电动汽车，预计快速增长将继续。到2022年，该公司将运营八家电动汽车工厂，生产几乎所有细分市场的车型——从小型车到SUV和豪华轿车。</blockquote></p><p> The global race to electric car market domination will come down to the Californian upstart and the German industrial giant, according to UBS. It predicts that Volkswagen will exceed its own goal by producing 2.6 million electric vehicles in 2025, followed by Tesla with 2.3 million. Toyota, which sold more cars than anyone else last year, ranks a distant third with 1.5 million electric sales (excluding hybrids).Hyundai Motor Group(HYMTF)andNissan(NSANF)will churn out roughly 1 million vehicles, followed by General Motors with 800,000.</p><p><blockquote>瑞银表示，全球电动汽车市场主导地位的竞赛将取决于加州新贵和德国工业巨头。它预测，大众汽车将在2025年生产260万辆电动汽车，超过自己的目标，其次是特斯拉，生产230万辆。丰田去年的汽车销量比其他任何公司都多，以150万辆电动汽车销量（不包括混合动力汽车）排名第三。现代汽车集团(HYMTF)和日产(NSANF)将生产约100万辆汽车，其次是通用汽车，销量为80万辆。</blockquote></p><p> <b>Shifting into overdrive</b></p><p><blockquote><b>换入超速档</b></blockquote></p><p> Volkswagen is in a better position than its rivals because of its modular production platform, or MEB. The platform, which was used to produce the ID.3, an electric compact hatchback, will allow the carmaker to quickly produce a huge number of vehicles while slashing costs.</p><p><blockquote>由于其模块化生产平台（MEB），大众汽车比竞争对手处于更好的地位。该平台用于生产电动紧凑型掀背车ID.3，将使该汽车制造商能够快速生产大量车辆，同时削减成本。</blockquote></p><p> UBS estimates that manufacturing an ID.3 currently costs Volkswagen €4,000 ($4,770) more than producing an equivalent Golf powered by gasoline or diesel. But a sharp decline in the cost of battery packs — the single most expensive part of an electric vehicle — mean the difference in production costs will be eliminated by 2025, according to UBS.</p><p><blockquote>瑞银估计，目前大众汽车制造一辆ID.3的成本比生产一辆由汽油或柴油驱动的同等高尔夫高出4,000欧元（4,770美元）。但瑞银表示，电池组（电动汽车最昂贵的部件）成本的大幅下降意味着生产成本的差异将在2025年之前消除。</blockquote></p><p> Volkswagen on Monday unveiled plans to open six battery-making \"gigafactories\" in Europe by 2030, with the aim of slashing the cost of its battery cells by as much as 50%. \"Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers,\" said Diess.</p><p><blockquote>大众汽车周一公布了到2030年在欧洲开设六家电池制造“超级工厂”的计划，目标是将电池成本削减多达50%。“更低的电池价格意味着更实惠的汽车，这使得电动汽车对客户更具吸引力，”迪斯说。</blockquote></p><p> The huge scale of production at Volkswagen, which sold 9.3 million cars last year, will also help reduce costs. In addition to the MEB, the group is developing a separate platform for premium brands Audi and Porsche, allowing it to launch electric vehicles across its entire product range.</p><p><blockquote>大众汽车去年销售了930万辆汽车，其巨大的生产规模也将有助于降低成本。除了MEB之外，该集团正在为高端品牌奥迪和保时捷开发一个单独的平台，使其能够在整个产品系列中推出电动汽车。</blockquote></p><p> Investors are starting to reward the company. Shares in Volkswagen jumped 6.5% to €207 ($247) on Tuesday, bringing gains so far this year to 35%.</p><p><blockquote>投资者开始奖励该公司。周二，大众汽车股价上涨6.5%，至207欧元（247美元），今年迄今为止的涨幅达到35%。</blockquote></p><p> <b>Where Tesla leads</b></p><p><blockquote><b>特斯拉领先的地方</b></blockquote></p><p></p><p> Despite the recent rise in its share price, Volkswagen is worth significantly less than Tesla. The market value of the challenger led by Elon Musk&nbsp;first overtook&nbsp;that of Volkswagen in January 2020, and the gap has increased dramatically since then. Volkswagen has a market capitalization of €111 billion ($133 billion), compared to $680 billion for Tesla.</p><p><blockquote>尽管大众汽车的股价最近有所上涨，但其市值仍远低于特斯拉。埃隆·马斯克领导的挑战者市值在2020年1月首次反超大众，此后差距急剧扩大。大众汽车的市值为1110亿欧元（1330亿美元），而特斯拉的市值为6800亿美元。</blockquote></p><p> Part of the difference can be explained by Tesla's continued superiority in battery costs, software and the profitability of its electric cars. According to UBS, Tesla has \"a more sophisticated IT hardware architecture,\" and its \"software organization is on a different level.\" Volkswagen lags Tesla in autonomous driving technology by several years.</p><p><blockquote>部分差异可以用特斯拉在电池成本、软件和电动汽车盈利能力方面的持续优势来解释。瑞银表示，特斯拉拥有“更复杂的IT硬件架构”，其“软件组织处于不同的水平”。大众在自动驾驶技术上落后特斯拉数年。</blockquote></p><p> Some investors believe that Tesla will be able to capitalize on its software advantage in a big way. In addition to delivering wireless updates to its cars — a concept the company pioneered — Tesla may soon be able to do things like charge owners a subscription fee to use its autonomous driving software. It's much closer to changing the nature of car ownership than established carmakers such as Volkswagen.</p><p><blockquote>一些投资者认为，特斯拉将能够大力利用其软件优势。除了为其汽车提供无线更新（该公司首创的概念）之外，特斯拉可能很快就能做一些事情，比如向车主收取使用其自动驾驶软件的订阅费。与大众汽车等老牌汽车制造商相比，它更接近于改变汽车所有权的性质。</blockquote></p><p> UBS reckons that the earnings potential from software accounts for roughly two thirds, or $400 billion, of Tesla's market value.</p><p><blockquote>瑞银估计，软件的盈利潜力约占特斯拉市值的三分之二，即4000亿美元。</blockquote></p><p> \"We think the lion's share of this [$400 billion in] value can be generated by software, mainly autonomous driving. With that, Tesla has the potential to become one of the most valuable software companies,\" its analysts wrote.</p><p><blockquote>“我们认为这一[4000亿美元]价值的最大份额可以由软件产生，主要是自动驾驶。因此，特斯拉有潜力成为最有价值的软件公司之一，”其分析师写道。</blockquote></p><p> There could be setbacks along the way, however. Tesla recently expanded its \"full self-driving\" software to roughly 2,000 owners, but&nbsp;some drivers had their access revoked&nbsp;for not paying close enough attention to the road.</p><p><blockquote>然而，一路上可能会遇到挫折。特斯拉最近将其“全自动驾驶”软件扩展到大约2,000名车主，但一些司机因对道路不够密切关注而被吊销了访问权限。</blockquote></p><p> Dan Ives, an analyst at Wedbush Securities, said earlier this year that the electric vehicle market is \"Tesla's world and everyone else is paying rent.\" But with 150 carmakers all pursuing the same goal, Tesla will need to execute on its strategy, he added.</p><p><blockquote>Wedbush Securities分析师Dan Ives今年早些时候表示，电动汽车市场是“特斯拉的天下，其他人都在支付租金”。但他补充说，由于150家汽车制造商都在追求相同的目标，特斯拉需要执行其战略。</blockquote></p><p> \"While growth will be key, its profitability profile will be under the microscope from investors going forward to better discern how quickly Tesla can ramp its margin structure, especially with higher margin sales coming out of China over the next few years,\" said Ives.</p><p><blockquote>Ives表示：“虽然增长将是关键，但其盈利状况将受到投资者的密切关注，以更好地了解特斯拉能够以多快的速度提高其利润率结构，特别是在未来几年中国利润率更高的情况下。”</blockquote></p><p> For both Volkswagen and Tesla, their ambition to dominate the electric car market depends on their ability to become more like the other. Volkswagen needs to quickly upgrade its software capabilities, while Tesla would benefit from the German company's ability to churn out million upon millions of high-quality vehicles each year<b>.</b>Volkswagen announced earlier this month that the first wireless software updates would be delivered to the ID.3 this summer.</p><p><blockquote>对于大众和特斯拉来说，它们主导电动汽车市场的雄心取决于它们变得更像对方的能力。大众汽车需要快速升级其软件功能，而特斯拉将受益于这家德国公司每年生产数百万辆高质量汽车的能力<b>.</b>大众汽车本月早些时候宣布，第一批无线软件更新将于今年夏天交付给ID.3。</blockquote></p><p> Ives predicts that Tesla will be making 1 million cars a year in 2022, and could be approaching 5 million annually by the end of the decade.</p><p><blockquote>Ives预测，到2022年，特斯拉汽车年产量将达到100万辆，到本世纪末，年产量可能接近500万辆。</blockquote></p><p> With consumers now searching out electric cars, especially in Europe, the race between Volkswagen and Tesla will accelerate quickly. According to UBS, electric cars will make up 20% of global new vehicles sales in 2015 and 50% in 2030.</p><p><blockquote>随着消费者现在寻找电动汽车，尤其是在欧洲，大众和特斯拉之间的竞争将迅速加速。据瑞银称，2015年电动汽车将占全球新车销量的20%，2030年将占50%。</blockquote></p><p> \"We find ourselves in a new playing field — up against companies that are entering the mobility market from the world of technology,\" Diess said on Tuesday. \"Stock market players still regard the Volkswagen Group as part of the 'old auto' world. By focusing consistently on software and efficiency, we are working to change this view.\"</p><p><blockquote>迪斯周二表示：“我们发现自己处于一个新的竞争环境中——与从技术领域进入移动市场的公司竞争。”“股市参与者仍然将大众汽车集团视为‘旧汽车’世界的一部分。通过始终如一地关注软件和效率，我们正在努力改变这种看法。”</blockquote></p><p></p>","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>Volkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</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\">\nVolkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-03-17 09:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>London (CNN Business)&nbsp;-&nbsp;</b>Tesla&nbsp;knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.</p><p><blockquote><b>伦敦（CNN商业）——</b>特斯拉知道如何颠覆一个行业。它可能很快就会发现在接收端是什么感觉。</blockquote></p><p> After years as the undisputed king of the electric car,Tesla&nbsp;(TSLA)&nbsp;could be matched sale for sale by&nbsp;Volkswagen&nbsp;(VLKAF)&nbsp;as early as 2022, according to analysts at UBS, who predict that&nbsp;Europe's biggest carmaker&nbsp;will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.</p><p><blockquote>瑞银(UBS)分析师表示，特斯拉(TSLA)多年来一直是无可争议的电动汽车之王，最早可能在2022年与大众汽车(VLKAF)并驾齐驱，他们预测这家欧洲最大的汽车制造商将继续销售30万辆到2025年，电池电动汽车将超过特斯拉。</blockquote></p><p> Ending Tesla's reign would be a huge milestone in Volkswagen's transformation into an&nbsp;electric vehicle powerhouse. Badly burned by its diesel emissions scandal in 2015, Europe's largest carmaker is investing €35 billion ($42 billion) in electric vehicles, staking its future on new technology and a dramatic shift away from fossil fuels.</p><p><blockquote>结束特斯拉的统治将是大众汽车向电动汽车巨头转型的一个巨大里程碑。这家欧洲最大的汽车制造商因2015年柴油排放丑闻而遭受重创，正在投资350亿欧元（420亿美元）购买电动汽车，将其未来押注于新技术和从化石燃料的大幅转变。</blockquote></p><p> \"Tesla is not only about electric vehicles. Tesla is also very strong in software. They really run the car as a device. They are making good progress on the autonomous thing. But yes ... we are going to challenge Tesla,\" Volkswagen CEO Herbert Diess told CNN's Julia Chatterley on Tuesday.</p><p><blockquote>大众汽车首席执行官Herbert Diess周二对CNN的Julia Chatterley表示：“特斯拉不仅仅是电动汽车。特斯拉在软件方面也非常强大。他们确实将汽车作为一个设备来运行。他们在自动驾驶方面取得了良好进展。但是，是的……我们将挑战特斯拉。”</blockquote></p><p> Volkswagen this week underscored the scale of that ambition. It said it would sell more than 2 million electric vehicles by 2025, build its own network of vast battery factories, hire 6,500 IT experts over the next five years, launch its own operating system, and become Europe's second biggest software company behindSAP&nbsp;(SAP).</p><p><blockquote>大众汽车本周强调了这一雄心的规模。该公司表示，到2025年，将销售超过200万辆电动汽车，建立自己的庞大电池工厂网络，在未来五年内雇佣6,500名IT专家，推出自己的操作系统，并成为仅次于SAP（SAP）的欧洲第二大软件公司。</blockquote></p><p> UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going \"all in\" on electric cars before other established carmakers includingToyota(TM)andGeneral Motors(GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).</p><p><blockquote>瑞银分析师上周对记者表示，投资者未能意识到大众汽车在特斯拉取得进展的速度，以及这家德国公司在丰田等其他老牌汽车制造商之前“全押”电动汽车将赚多少钱。TM）和通用汽车（GM）。瑞银将大众汽车股票目标价上调50%至300欧元（358美元）。</blockquote></p><p> \"We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year, while their margins will be stable or even grow from here. That is something that is totally unappreciated,\" said UBS analyst Patrick Hummel.</p><p><blockquote>瑞银分析师Patrick Hummel表示：“我们比以往任何时候都更有信心，大众汽车将实现销量增长的独特组合，使其最快明年与特斯拉一起成为全球最大的[电动]汽车制造商，同时其利润率将保持稳定，甚至在此基础上增长。这是完全不受重视的事情。”</blockquote></p><p> Volkswagen, which owns Porsche, Audi, Skoda and SEAT, sold 231,600 battery electric vehicles in 2020. That's less than half the number of sales Tesla made, but it represents an increase of 214% on the previous year. Rapid growth is expected to continue as Volkswagen launches 70 electric vehicles before the end of the decade. It will operate eight electric vehicle plants by 2022, producing models in nearly every segment — from small cars to SUVs and luxury sedans.</p><p><blockquote>拥有保时捷、奥迪、斯柯达和西雅特的大众汽车2020年销售了231,600辆纯电动汽车。这还不到特斯拉销售额的一半，但比上一年增长了214%。随着大众汽车在本世纪末推出70款电动汽车，预计快速增长将继续。到2022年，该公司将运营八家电动汽车工厂，生产几乎所有细分市场的车型——从小型车到SUV和豪华轿车。</blockquote></p><p> The global race to electric car market domination will come down to the Californian upstart and the German industrial giant, according to UBS. It predicts that Volkswagen will exceed its own goal by producing 2.6 million electric vehicles in 2025, followed by Tesla with 2.3 million. Toyota, which sold more cars than anyone else last year, ranks a distant third with 1.5 million electric sales (excluding hybrids).Hyundai Motor Group(HYMTF)andNissan(NSANF)will churn out roughly 1 million vehicles, followed by General Motors with 800,000.</p><p><blockquote>瑞银表示，全球电动汽车市场主导地位的竞赛将取决于加州新贵和德国工业巨头。它预测，大众汽车将在2025年生产260万辆电动汽车，超过自己的目标，其次是特斯拉，生产230万辆。丰田去年的汽车销量比其他任何公司都多，以150万辆电动汽车销量（不包括混合动力汽车）排名第三。现代汽车集团(HYMTF)和日产(NSANF)将生产约100万辆汽车，其次是通用汽车，销量为80万辆。</blockquote></p><p> <b>Shifting into overdrive</b></p><p><blockquote><b>换入超速档</b></blockquote></p><p> Volkswagen is in a better position than its rivals because of its modular production platform, or MEB. The platform, which was used to produce the ID.3, an electric compact hatchback, will allow the carmaker to quickly produce a huge number of vehicles while slashing costs.</p><p><blockquote>由于其模块化生产平台（MEB），大众汽车比竞争对手处于更好的地位。该平台用于生产电动紧凑型掀背车ID.3，将使该汽车制造商能够快速生产大量车辆，同时削减成本。</blockquote></p><p> UBS estimates that manufacturing an ID.3 currently costs Volkswagen €4,000 ($4,770) more than producing an equivalent Golf powered by gasoline or diesel. But a sharp decline in the cost of battery packs — the single most expensive part of an electric vehicle — mean the difference in production costs will be eliminated by 2025, according to UBS.</p><p><blockquote>瑞银估计，目前大众汽车制造一辆ID.3的成本比生产一辆由汽油或柴油驱动的同等高尔夫高出4,000欧元（4,770美元）。但瑞银表示，电池组（电动汽车最昂贵的部件）成本的大幅下降意味着生产成本的差异将在2025年之前消除。</blockquote></p><p> Volkswagen on Monday unveiled plans to open six battery-making \"gigafactories\" in Europe by 2030, with the aim of slashing the cost of its battery cells by as much as 50%. \"Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers,\" said Diess.</p><p><blockquote>大众汽车周一公布了到2030年在欧洲开设六家电池制造“超级工厂”的计划，目标是将电池成本削减多达50%。“更低的电池价格意味着更实惠的汽车，这使得电动汽车对客户更具吸引力，”迪斯说。</blockquote></p><p> The huge scale of production at Volkswagen, which sold 9.3 million cars last year, will also help reduce costs. In addition to the MEB, the group is developing a separate platform for premium brands Audi and Porsche, allowing it to launch electric vehicles across its entire product range.</p><p><blockquote>大众汽车去年销售了930万辆汽车，其巨大的生产规模也将有助于降低成本。除了MEB之外，该集团正在为高端品牌奥迪和保时捷开发一个单独的平台，使其能够在整个产品系列中推出电动汽车。</blockquote></p><p> Investors are starting to reward the company. Shares in Volkswagen jumped 6.5% to €207 ($247) on Tuesday, bringing gains so far this year to 35%.</p><p><blockquote>投资者开始奖励该公司。周二，大众汽车股价上涨6.5%，至207欧元（247美元），今年迄今为止的涨幅达到35%。</blockquote></p><p> <b>Where Tesla leads</b></p><p><blockquote><b>特斯拉领先的地方</b></blockquote></p><p></p><p> Despite the recent rise in its share price, Volkswagen is worth significantly less than Tesla. The market value of the challenger led by Elon Musk&nbsp;first overtook&nbsp;that of Volkswagen in January 2020, and the gap has increased dramatically since then. Volkswagen has a market capitalization of €111 billion ($133 billion), compared to $680 billion for Tesla.</p><p><blockquote>尽管大众汽车的股价最近有所上涨，但其市值仍远低于特斯拉。埃隆·马斯克领导的挑战者市值在2020年1月首次反超大众，此后差距急剧扩大。大众汽车的市值为1110亿欧元（1330亿美元），而特斯拉的市值为6800亿美元。</blockquote></p><p> Part of the difference can be explained by Tesla's continued superiority in battery costs, software and the profitability of its electric cars. According to UBS, Tesla has \"a more sophisticated IT hardware architecture,\" and its \"software organization is on a different level.\" Volkswagen lags Tesla in autonomous driving technology by several years.</p><p><blockquote>部分差异可以用特斯拉在电池成本、软件和电动汽车盈利能力方面的持续优势来解释。瑞银表示，特斯拉拥有“更复杂的IT硬件架构”，其“软件组织处于不同的水平”。大众在自动驾驶技术上落后特斯拉数年。</blockquote></p><p> Some investors believe that Tesla will be able to capitalize on its software advantage in a big way. In addition to delivering wireless updates to its cars — a concept the company pioneered — Tesla may soon be able to do things like charge owners a subscription fee to use its autonomous driving software. It's much closer to changing the nature of car ownership than established carmakers such as Volkswagen.</p><p><blockquote>一些投资者认为，特斯拉将能够大力利用其软件优势。除了为其汽车提供无线更新（该公司首创的概念）之外，特斯拉可能很快就能做一些事情，比如向车主收取使用其自动驾驶软件的订阅费。与大众汽车等老牌汽车制造商相比，它更接近于改变汽车所有权的性质。</blockquote></p><p> UBS reckons that the earnings potential from software accounts for roughly two thirds, or $400 billion, of Tesla's market value.</p><p><blockquote>瑞银估计，软件的盈利潜力约占特斯拉市值的三分之二，即4000亿美元。</blockquote></p><p> \"We think the lion's share of this [$400 billion in] value can be generated by software, mainly autonomous driving. With that, Tesla has the potential to become one of the most valuable software companies,\" its analysts wrote.</p><p><blockquote>“我们认为这一[4000亿美元]价值的最大份额可以由软件产生，主要是自动驾驶。因此，特斯拉有潜力成为最有价值的软件公司之一，”其分析师写道。</blockquote></p><p> There could be setbacks along the way, however. Tesla recently expanded its \"full self-driving\" software to roughly 2,000 owners, but&nbsp;some drivers had their access revoked&nbsp;for not paying close enough attention to the road.</p><p><blockquote>然而，一路上可能会遇到挫折。特斯拉最近将其“全自动驾驶”软件扩展到大约2,000名车主，但一些司机因对道路不够密切关注而被吊销了访问权限。</blockquote></p><p> Dan Ives, an analyst at Wedbush Securities, said earlier this year that the electric vehicle market is \"Tesla's world and everyone else is paying rent.\" But with 150 carmakers all pursuing the same goal, Tesla will need to execute on its strategy, he added.</p><p><blockquote>Wedbush Securities分析师Dan Ives今年早些时候表示，电动汽车市场是“特斯拉的天下，其他人都在支付租金”。但他补充说，由于150家汽车制造商都在追求相同的目标，特斯拉需要执行其战略。</blockquote></p><p> \"While growth will be key, its profitability profile will be under the microscope from investors going forward to better discern how quickly Tesla can ramp its margin structure, especially with higher margin sales coming out of China over the next few years,\" said Ives.</p><p><blockquote>Ives表示：“虽然增长将是关键，但其盈利状况将受到投资者的密切关注，以更好地了解特斯拉能够以多快的速度提高其利润率结构，特别是在未来几年中国利润率更高的情况下。”</blockquote></p><p> For both Volkswagen and Tesla, their ambition to dominate the electric car market depends on their ability to become more like the other. Volkswagen needs to quickly upgrade its software capabilities, while Tesla would benefit from the German company's ability to churn out million upon millions of high-quality vehicles each year<b>.</b>Volkswagen announced earlier this month that the first wireless software updates would be delivered to the ID.3 this summer.</p><p><blockquote>对于大众和特斯拉来说，它们主导电动汽车市场的雄心取决于它们变得更像对方的能力。大众汽车需要快速升级其软件功能，而特斯拉将受益于这家德国公司每年生产数百万辆高质量汽车的能力<b>.</b>大众汽车本月早些时候宣布，第一批无线软件更新将于今年夏天交付给ID.3。</blockquote></p><p> Ives predicts that Tesla will be making 1 million cars a year in 2022, and could be approaching 5 million annually by the end of the decade.</p><p><blockquote>Ives预测，到2022年，特斯拉汽车年产量将达到100万辆，到本世纪末，年产量可能接近500万辆。</blockquote></p><p> With consumers now searching out electric cars, especially in Europe, the race between Volkswagen and Tesla will accelerate quickly. According to UBS, electric cars will make up 20% of global new vehicles sales in 2015 and 50% in 2030.</p><p><blockquote>随着消费者现在寻找电动汽车，尤其是在欧洲，大众和特斯拉之间的竞争将迅速加速。据瑞银称，2015年电动汽车将占全球新车销量的20%，2030年将占50%。</blockquote></p><p> \"We find ourselves in a new playing field — up against companies that are entering the mobility market from the world of technology,\" Diess said on Tuesday. \"Stock market players still regard the Volkswagen Group as part of the 'old auto' world. By focusing consistently on software and efficiency, we are working to change this view.\"</p><p><blockquote>迪斯周二表示：“我们发现自己处于一个新的竞争环境中——与从技术领域进入移动市场的公司竞争。”“股市参与者仍然将大众汽车集团视为‘旧汽车’世界的一部分。通过始终如一地关注软件和效率，我们正在努力改变这种看法。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/03/16/business/volkswagen-tesla/index.html\">CNN Business</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":{"TSLA":"特斯拉","VLKAY":"大众汽车"},"source_url":"https://edition.cnn.com/2021/03/16/business/volkswagen-tesla/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126006763","content_text":"London (CNN Business) - Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.\nAfter years as the undisputed king of the electric car,Tesla (TSLA) could be matched sale for sale by Volkswagen (VLKAF) as early as 2022, according to analysts at UBS, who predict that Europe's biggest carmaker will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.\nEnding Tesla's reign would be a huge milestone in Volkswagen's transformation into an electric vehicle powerhouse. Badly burned by its diesel emissions scandal in 2015, Europe's largest carmaker is investing €35 billion ($42 billion) in electric vehicles, staking its future on new technology and a dramatic shift away from fossil fuels.\n\"Tesla is not only about electric vehicles. Tesla is also very strong in software. They really run the car as a device. They are making good progress on the autonomous thing. But yes ... we are going to challenge Tesla,\" Volkswagen CEO Herbert Diess told CNN's Julia Chatterley on Tuesday.\nVolkswagen this week underscored the scale of that ambition. It said it would sell more than 2 million electric vehicles by 2025, build its own network of vast battery factories, hire 6,500 IT experts over the next five years, launch its own operating system, and become Europe's second biggest software company behindSAP (SAP).\nUBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going \"all in\" on electric cars before other established carmakers includingToyota(TM)andGeneral Motors(GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).\n\"We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year, while their margins will be stable or even grow from here. That is something that is totally unappreciated,\" said UBS analyst Patrick Hummel.\nVolkswagen, which owns Porsche, Audi, Skoda and SEAT, sold 231,600 battery electric vehicles in 2020. That's less than half the number of sales Tesla made, but it represents an increase of 214% on the previous year. Rapid growth is expected to continue as Volkswagen launches 70 electric vehicles before the end of the decade. It will operate eight electric vehicle plants by 2022, producing models in nearly every segment — from small cars to SUVs and luxury sedans.\nThe global race to electric car market domination will come down to the Californian upstart and the German industrial giant, according to UBS. It predicts that Volkswagen will exceed its own goal by producing 2.6 million electric vehicles in 2025, followed by Tesla with 2.3 million. Toyota, which sold more cars than anyone else last year, ranks a distant third with 1.5 million electric sales (excluding hybrids).Hyundai Motor Group(HYMTF)andNissan(NSANF)will churn out roughly 1 million vehicles, followed by General Motors with 800,000.\nShifting into overdrive\nVolkswagen is in a better position than its rivals because of its modular production platform, or MEB. The platform, which was used to produce the ID.3, an electric compact hatchback, will allow the carmaker to quickly produce a huge number of vehicles while slashing costs.\nUBS estimates that manufacturing an ID.3 currently costs Volkswagen €4,000 ($4,770) more than producing an equivalent Golf powered by gasoline or diesel. But a sharp decline in the cost of battery packs — the single most expensive part of an electric vehicle — mean the difference in production costs will be eliminated by 2025, according to UBS.\nVolkswagen on Monday unveiled plans to open six battery-making \"gigafactories\" in Europe by 2030, with the aim of slashing the cost of its battery cells by as much as 50%. \"Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers,\" said Diess.\nThe huge scale of production at Volkswagen, which sold 9.3 million cars last year, will also help reduce costs. In addition to the MEB, the group is developing a separate platform for premium brands Audi and Porsche, allowing it to launch electric vehicles across its entire product range.\nInvestors are starting to reward the company. Shares in Volkswagen jumped 6.5% to €207 ($247) on Tuesday, bringing gains so far this year to 35%.\nWhere Tesla leads\nDespite the recent rise in its share price, Volkswagen is worth significantly less than Tesla. The market value of the challenger led by Elon Musk first overtook that of Volkswagen in January 2020, and the gap has increased dramatically since then. Volkswagen has a market capitalization of €111 billion ($133 billion), compared to $680 billion for Tesla.\nPart of the difference can be explained by Tesla's continued superiority in battery costs, software and the profitability of its electric cars. According to UBS, Tesla has \"a more sophisticated IT hardware architecture,\" and its \"software organization is on a different level.\" Volkswagen lags Tesla in autonomous driving technology by several years.\nSome investors believe that Tesla will be able to capitalize on its software advantage in a big way. In addition to delivering wireless updates to its cars — a concept the company pioneered — Tesla may soon be able to do things like charge owners a subscription fee to use its autonomous driving software. It's much closer to changing the nature of car ownership than established carmakers such as Volkswagen.\nUBS reckons that the earnings potential from software accounts for roughly two thirds, or $400 billion, of Tesla's market value.\n\"We think the lion's share of this [$400 billion in] value can be generated by software, mainly autonomous driving. With that, Tesla has the potential to become one of the most valuable software companies,\" its analysts wrote.\nThere could be setbacks along the way, however. Tesla recently expanded its \"full self-driving\" software to roughly 2,000 owners, but some drivers had their access revoked for not paying close enough attention to the road.\nDan Ives, an analyst at Wedbush Securities, said earlier this year that the electric vehicle market is \"Tesla's world and everyone else is paying rent.\" But with 150 carmakers all pursuing the same goal, Tesla will need to execute on its strategy, he added.\n\"While growth will be key, its profitability profile will be under the microscope from investors going forward to better discern how quickly Tesla can ramp its margin structure, especially with higher margin sales coming out of China over the next few years,\" said Ives.\nFor both Volkswagen and Tesla, their ambition to dominate the electric car market depends on their ability to become more like the other. Volkswagen needs to quickly upgrade its software capabilities, while Tesla would benefit from the German company's ability to churn out million upon millions of high-quality vehicles each year.Volkswagen announced earlier this month that the first wireless software updates would be delivered to the ID.3 this summer.\nIves predicts that Tesla will be making 1 million cars a year in 2022, and could be approaching 5 million annually by the end of the decade.\nWith consumers now searching out electric cars, especially in Europe, the race between Volkswagen and Tesla will accelerate quickly. According to UBS, electric cars will make up 20% of global new vehicles sales in 2015 and 50% in 2030.\n\"We find ourselves in a new playing field — up against companies that are entering the mobility market from the world of technology,\" Diess said on Tuesday. \"Stock market players still regard the Volkswagen Group as part of the 'old auto' world. By focusing consistently on software and efficiency, we are working to change this view.\"","news_type":1,"symbols_score_info":{"VLKAY":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325148651,"gmtCreate":1615881083473,"gmtModify":1703494377309,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Its time to sell&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Its time to sell&nbsp;","text":"$GameStop(GME)$Its time to sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/325148651","isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":322096734,"gmtCreate":1615729842128,"gmtModify":1703492429298,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>Buy more tomorrow soar","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>Buy more tomorrow soar","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$Buy more tomorrow soar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/322096734","isVote":1,"tweetType":1,"viewCount":902,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364526991,"gmtCreate":1614866160913,"gmtModify":1703482189736,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>DONT LOSE HOPE","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>DONT LOSE HOPE","text":"$NIO Inc.(NIO)$DONT LOSE HOPE","images":[{"img":"https://static.tigerbbs.com/edd990602320de965e26b0e48ed12c90","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/364526991","isVote":1,"tweetType":1,"viewCount":1422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322092132,"gmtCreate":1615729859426,"gmtModify":1703492429991,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>It will soar trust guys","listText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>It will soar trust guys","text":"$Holicity Inc(HOL)$It will soar trust guys","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322092132","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327209550,"gmtCreate":1616083453970,"gmtModify":1634527299381,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"BELIEVE IN TESLA GROWTH&nbsp;","listText":"BELIEVE IN TESLA GROWTH&nbsp;","text":"BELIEVE IN TESLA GROWTH","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327209550","repostId":"1175724118","repostType":4,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367649179,"gmtCreate":1614949234491,"gmtModify":1703483327029,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>My fellow astra believer hold with me once the confirm date is out it will go to the moon!","listText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>My fellow astra believer hold with me once the confirm date is out it will go to the moon!","text":"$Holicity Inc(HOL)$My fellow astra believer hold with me once the confirm date is out it will go to the moon!","images":[{"img":"https://static.tigerbbs.com/cef610c220740921a06dbd962237217e","width":"828","height":"1590"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/367649179","isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":124891218,"gmtCreate":1624757272534,"gmtModify":1633949068771,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Nio","listText":"Nio","text":"Nio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124891218","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohu8.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>","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>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</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\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">seekingalpha</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":{"F":"福特汽车","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"F":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321547992,"gmtCreate":1615456316116,"gmtModify":1703489283353,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>RECOVERY ROCKET","listText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>RECOVERY ROCKET","text":"$Holicity Inc(HOL)$RECOVERY ROCKET","images":[{"img":"https://static.tigerbbs.com/11f2ff7773adf8a7fb19745cc6f5aa0d","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321547992","isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":359169874,"gmtCreate":1616374397098,"gmtModify":1634526204533,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"buy Buy buy&nbsp;","listText":"buy Buy buy&nbsp;","text":"buy Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/359169874","repostId":"1162363864","repostType":4,"repost":{"id":"1162363864","kind":"news","pubTimestamp":1616372849,"share":"https://www.laohu8.com/m/news/1162363864?lang=zh_CN&edition=full","pubTime":"2021-03-22 08:27","market":"us","language":"en","title":"GameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162363864","media":"barrons","summary":"The earnings calendar is again sparse this week, during a quiet period between earnings seasons. The","content":"<p>The earnings calendar is again sparse this week,&nbsp;during a quiet&nbsp;period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.</p><p><blockquote>在财报季之间的平静时期，本周的财报日历再次稀疏。发布报告的少数大公司包括周二的Adobe和Gamestopon、周三的General Millson和周四的Darden Restaurants。联合利华和霍尼韦尔国际将分别于周一和周四举办投资者活动。Huntington Bancshares和TCF Financial的股东将于周四就两家公司拟议的合并进行投票。</blockquote></p><p> Economic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and&nbsp;IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation,&nbsp;the Personal Consumption Expenditures Price Index for February, will also be out on Friday.</p><p><blockquote>本周公布的经济数据包括人口普查局2月份耐用品报告（被视为商业投资的良好指标）以及IHS Markit 3月份制造业和服务业采购经理人指数，所有数据均于周三公布。周五，经济分析局将公布2月份个人收入和支出数据。美联储首选的通胀指标——2月份个人消费支出价格指数也将于周五公布。</blockquote></p><p> Other releases include the National Association of Realtors’&nbsp;existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’&nbsp;third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February,&nbsp;at a 4.1% annualized rate of growth.</p><p><blockquote>其他发布的数据包括周一全国房地产经纪人协会2月份现房销售数据和周二人口普查局2月份新单户住宅销售数据。最后，周四，经济分析局对2020年第四季度GDP的第三次也是最终估计预计与2月底的第二次估计持平，年化增长率为4.1%。</blockquote></p><p> Monday 3/22</p><p><blockquote>3/22星期一</blockquote></p><p> <b>The National Association</b>of Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.</p><p><blockquote><b>全国协会</b>房地产经纪人报告二月份现房销售情况。市场普遍估计，经季节调整后的房屋销售量为655万套，略低于1月份的数据。由于房屋库存创下历史新低，1月份成屋销售价格中位数为303,900美元，同比上涨14.1%。</blockquote></p><p> <b>The Federal Reserve</b>Bank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.</p><p><blockquote><b>美联储</b>芝加哥银行发布2月份全国活动指数。经济学家预测为0.68，与1月份的0.66大致持平。积极的读数表明经济增长速度快于历史趋势。</blockquote></p><p> <b>Unilever hosts</b>an investor presentation to discuss its U.S. operations.</p><p><blockquote><b>联合利华主机</b>讨论其美国业务的投资者演示文稿。</blockquote></p><p> Tuesday 3/23</p><p><blockquote>星期二3/23</blockquote></p><p> <b>Adobe, IHS Markit,</b>and GameStop report quarterly results.</p><p><blockquote><b>Adobe、IHS Markit、</b>和游戏驿站报告季度业绩。</blockquote></p><p> <b>The Census Bureau</b>reports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.</p><p><blockquote><b>人口普查局</b>报告二月份新单户住宅销售情况。预计经季节调整后的年增长率为90万套房屋，略低于1月份的数字。新房销售刚刚脱离去年7月创下的金融危机后峰值。</blockquote></p><p> Wednesday 3/24</p><p><blockquote>星期三3/24</blockquote></p><p> <b>General Mills releases</b>fiscal third-quarter earnings.</p><p><blockquote><b>通用磨坊发布</b>第三财季收益。</blockquote></p><p> <b>The Census Bureau</b>releases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.</p><p><blockquote><b>人口普查局</b>发布2月份耐用品报告。普遍的看涨期权是耐用品制造业新订单环比增长0.5%，达到2580亿美元。不包括运输，新订单也增长了0.5%。相比之下，1月份的增幅分别为3.4%和1.3%。</blockquote></p><p> <b>IHS Markit releases</b>both its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.</p><p><blockquote><b>IHS Markit发布</b>3月份制造业和服务业采购经理人指数。经济学家预测制造业PMI为58.8，服务业PMI为59.8，均与2月份数据相似。上个月，两项PMI的综合读数均创下六年来的新高。</blockquote></p><p> Thursday 3/25</p><p><blockquote>3/25星期四</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.</p><p><blockquote><b>经济局</b>分析报告了对2020年第四季度GDP的第三次也是最终估计。经济学家预测年增长率为4.1%，与东亚银行2月底发布的第二次估计持平。</blockquote></p><p> <b>Honeywell International</b>hosts a webcast to discuss its sustainability initiatives.</p><p><blockquote><b>霍尼韦尔国际</b>主持网络广播，讨论其可持续发展计划。</blockquote></p><p> <b>Huntington Bancshares</b>and TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.</p><p><blockquote><b>亨廷顿银行股份公司</b>和TCF Financial召开特别股东大会，寻求批准他们于12月首次宣布的60亿美元合并。合并后的公司将成为美国十大地区性银行之一。</blockquote></p><p> Friday 3/26</p><p><blockquote>星期五3/26</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.</p><p><blockquote><b>经济局</b>分析报告了2月份的个人收入和支出数据。收入预计将环比下降7.5%，而1月份则增长10%。支出预计将持平，此前增长2.4%。美联储青睐的通胀指标个人消费支出价格指数预计同比上涨1.5%，与1月份数据持平。</blockquote></p><p></p>","source":"lsy1601382232898","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>GameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</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\">\nGameStop, Adobe, Honeywell, Darden Restaurants, and Other Stocks for Investors to Watch This Week<blockquote>游戏驿站、Adobe、Honeywell、Darden Restaurants和其他本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-03-22 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The earnings calendar is again sparse this week,&nbsp;during a quiet&nbsp;period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.</p><p><blockquote>在财报季之间的平静时期，本周的财报日历再次稀疏。发布报告的少数大公司包括周二的Adobe和Gamestopon、周三的General Millson和周四的Darden Restaurants。联合利华和霍尼韦尔国际将分别于周一和周四举办投资者活动。Huntington Bancshares和TCF Financial的股东将于周四就两家公司拟议的合并进行投票。</blockquote></p><p> Economic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and&nbsp;IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation,&nbsp;the Personal Consumption Expenditures Price Index for February, will also be out on Friday.</p><p><blockquote>本周公布的经济数据包括人口普查局2月份耐用品报告（被视为商业投资的良好指标）以及IHS Markit 3月份制造业和服务业采购经理人指数，所有数据均于周三公布。周五，经济分析局将公布2月份个人收入和支出数据。美联储首选的通胀指标——2月份个人消费支出价格指数也将于周五公布。</blockquote></p><p> Other releases include the National Association of Realtors’&nbsp;existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’&nbsp;third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February,&nbsp;at a 4.1% annualized rate of growth.</p><p><blockquote>其他发布的数据包括周一全国房地产经纪人协会2月份现房销售数据和周二人口普查局2月份新单户住宅销售数据。最后，周四，经济分析局对2020年第四季度GDP的第三次也是最终估计预计与2月底的第二次估计持平，年化增长率为4.1%。</blockquote></p><p> Monday 3/22</p><p><blockquote>3/22星期一</blockquote></p><p> <b>The National Association</b>of Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.</p><p><blockquote><b>全国协会</b>房地产经纪人报告二月份现房销售情况。市场普遍估计，经季节调整后的房屋销售量为655万套，略低于1月份的数据。由于房屋库存创下历史新低，1月份成屋销售价格中位数为303,900美元，同比上涨14.1%。</blockquote></p><p> <b>The Federal Reserve</b>Bank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.</p><p><blockquote><b>美联储</b>芝加哥银行发布2月份全国活动指数。经济学家预测为0.68，与1月份的0.66大致持平。积极的读数表明经济增长速度快于历史趋势。</blockquote></p><p> <b>Unilever hosts</b>an investor presentation to discuss its U.S. operations.</p><p><blockquote><b>联合利华主机</b>讨论其美国业务的投资者演示文稿。</blockquote></p><p> Tuesday 3/23</p><p><blockquote>星期二3/23</blockquote></p><p> <b>Adobe, IHS Markit,</b>and GameStop report quarterly results.</p><p><blockquote><b>Adobe、IHS Markit、</b>和游戏驿站报告季度业绩。</blockquote></p><p> <b>The Census Bureau</b>reports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.</p><p><blockquote><b>人口普查局</b>报告二月份新单户住宅销售情况。预计经季节调整后的年增长率为90万套房屋，略低于1月份的数字。新房销售刚刚脱离去年7月创下的金融危机后峰值。</blockquote></p><p> Wednesday 3/24</p><p><blockquote>星期三3/24</blockquote></p><p> <b>General Mills releases</b>fiscal third-quarter earnings.</p><p><blockquote><b>通用磨坊发布</b>第三财季收益。</blockquote></p><p> <b>The Census Bureau</b>releases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.</p><p><blockquote><b>人口普查局</b>发布2月份耐用品报告。普遍的看涨期权是耐用品制造业新订单环比增长0.5%，达到2580亿美元。不包括运输，新订单也增长了0.5%。相比之下，1月份的增幅分别为3.4%和1.3%。</blockquote></p><p> <b>IHS Markit releases</b>both its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.</p><p><blockquote><b>IHS Markit发布</b>3月份制造业和服务业采购经理人指数。经济学家预测制造业PMI为58.8，服务业PMI为59.8，均与2月份数据相似。上个月，两项PMI的综合读数均创下六年来的新高。</blockquote></p><p> Thursday 3/25</p><p><blockquote>3/25星期四</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.</p><p><blockquote><b>经济局</b>分析报告了对2020年第四季度GDP的第三次也是最终估计。经济学家预测年增长率为4.1%，与东亚银行2月底发布的第二次估计持平。</blockquote></p><p> <b>Honeywell International</b>hosts a webcast to discuss its sustainability initiatives.</p><p><blockquote><b>霍尼韦尔国际</b>主持网络广播，讨论其可持续发展计划。</blockquote></p><p> <b>Huntington Bancshares</b>and TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.</p><p><blockquote><b>亨廷顿银行股份公司</b>和TCF Financial召开特别股东大会，寻求批准他们于12月首次宣布的60亿美元合并。合并后的公司将成为美国十大地区性银行之一。</blockquote></p><p> Friday 3/26</p><p><blockquote>星期五3/26</blockquote></p><p> <b>The Bureau of Economic</b>Analysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.</p><p><blockquote><b>经济局</b>分析报告了2月份的个人收入和支出数据。收入预计将环比下降7.5%，而1月份则增长10%。支出预计将持平，此前增长2.4%。美联储青睐的通胀指标个人消费支出价格指数预计同比上涨1.5%，与1月份数据持平。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-adobe-honeywell-darden-restaurants-and-other-stocks-for-investors-to-watch-this-week-51616353213?mod=hp_LATEST\">barrons</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":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-adobe-honeywell-darden-restaurants-and-other-stocks-for-investors-to-watch-this-week-51616353213?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162363864","content_text":"The earnings calendar is again sparse this week, during a quiet period between earnings seasons. The handful of major companies reporting includeAdobeandGameStopon Tuesday,General Millson Wednesday, andDarden Restaurantson Thursday. Unilever andHoneywellInternational will host investor events on Monday and Thursday, respectively. And shareholders ofHuntington BancsharesandTCF Financialwill vote on the companies’ proposed merger on Thursday.\nEconomic data out this week includes the Census Bureau’s February durable goods report—seen as a decent proxy for business investment—and IHS Markit’sManufacturing and Services Purchasing Managers’ indexes for March, all on Wednesday. On Friday, the Bureau of Economic Analysis will report personal income and spending data for February. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures Price Index for February, will also be out on Friday.\nOther releases include the National Association of Realtors’ existing-home sales data for February on Monday and the Census Bureau’s new single-family home sales for February on Tuesday. Finally on Thursday, the Bureau of Economic Analysis’ third and final estimate for fourth-quarter 2020 GDP is expected to be unchanged from its second estimate in late February, at a 4.1% annualized rate of growth.\nMonday 3/22\nThe National Associationof Realtors reports existing-home sales for February. Consensus estimate is for a seasonally adjusted annual rate of 6.55 million homes sold, slightly lower than the January data. The median existing-home sales price was $303,900 in January, up 14.1% year over year, as housing inventory hit a record low.\nThe Federal ReserveBank of Chicago releases its National Activity index for February. Economists forecast a 0.68 reading, about even with January’s 0.66. A positive reading indicates that the economy is growing faster than historical trends.\nUnilever hostsan investor presentation to discuss its U.S. operations.\nTuesday 3/23\nAdobe, IHS Markit,and GameStop report quarterly results.\nThe Census Bureaureports new single-family home sales for February. Expectations are for a seasonally adjusted annual rate of 900,000 homes sold, slightly lower than the January figure. New-home sales are just off their post-financial-crisis peak set last July.\nWednesday 3/24\nGeneral Mills releasesfiscal third-quarter earnings.\nThe Census Bureaureleases the durable goods report for February. The consensus call is for new orders of manufactured durable goods to rise 0.5% month over month to $258 billion. Excluding transportation, new orders are also seen gaining 0.5%. This compares with increases of 3.4% and 1.3%, respectively, in January.\nIHS Markit releasesboth its Manufacturing and Services Purchasing Managers’ indexes for March. Economists forecast a 58.8 reading for the Manufacturing PMI and a 59.8 reading for the Services PMI, both similar to the February data. Last month, the composite reading for both PMIs hit a six-year high.\nThursday 3/25\nThe Bureau of EconomicAnalysis reports its third and final estimate for fourth-quarter 2020 GDP. Economists forecast a 4.1% annual rate of growth, unchanged from the BEA’s second estimate, released in late February.\nHoneywell Internationalhosts a webcast to discuss its sustainability initiatives.\nHuntington Bancsharesand TCF Financial hold special shareholder meetings to seek approval for their $6 billion merger, first announced in December. The combined company would be one of the 10 largest regional banks in the U.S.\nFriday 3/26\nThe Bureau of EconomicAnalysis reports personal income and spending data for February. Income is projected to decline 7.5% month over month, compared with a 10% jump in January. Spending is expected to be flat, after increasing 2.4% previously. The Personal Consumption Expenditures Price Index, the Federal Reserve’s favored inflation gauge, is seen rising 1.5% year over year, matching the January data.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322092299,"gmtCreate":1615729884911,"gmtModify":1703492430336,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>We are almost there to the moon!","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>We are almost there to the moon!","text":"$Palantir Technologies Inc.(PLTR)$We are almost there to the moon!","images":[{"img":"https://static.tigerbbs.com/1d77cfaeb8fee7bd36ba3cc17174946c","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322092299","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":326689261,"gmtCreate":1615632694653,"gmtModify":1703491776279,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>$60 in coming week lets go","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>$60 in coming week lets go","text":"$NIO Inc.(NIO)$$60 in coming week lets go","images":[{"img":"https://static.tigerbbs.com/6d2aa5fe6a5bdb4996086350c6d807ed","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326689261","isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":326689118,"gmtCreate":1615632647234,"gmtModify":1703491775589,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"EV is the future!","listText":"EV is the future!","text":"EV is the future!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326689118","repostId":"1100128328","repostType":4,"repost":{"id":"1100128328","kind":"news","pubTimestamp":1615563404,"share":"https://www.laohu8.com/m/news/1100128328?lang=zh_CN&edition=full","pubTime":"2021-03-12 23:36","market":"us","language":"en","title":"Tesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100128328","media":"Barrons","summary":"Stock inTesla is lower after CNBC reported that the electric-vehicle company had a firein its Fremon","content":"<p>Stock inTesla&nbsp;is lower after CNBC reported that the&nbsp;electric-vehicle&nbsp;company&nbsp;had a firein its Fremont, Calif. plant, but the blaze probably isn’t the reason for the dip.</p><p><blockquote>CNBC报道电动汽车公司特斯拉在加利福尼亚州弗里蒙特发生火灾后，该公司股价走低。植物，但大火可能不是下降的原因。</blockquote></p><p>Fires are just a normal, albeit unfortunate, operating problem for any manufacturer. Tesla (ticker: TSLA) didn’t immediately respond to a request for comment about the fire or the damage it may have caused.</p><p><blockquote>对于任何制造商来说，火灾只是一个正常但不幸的操作问题。特斯拉（股票代码：TSLA）没有立即回应有关火灾或火灾可能造成的损失的置评请求。</blockquote></p><p>President Joe Biden is probably responsible for the share-price decline, which left the stock about 2.7% lower in premarket trading, at about $680. It has beena wild weekfor Tesla stockholders. Shares started off the week at about $675,traded above $700and fell to about $560 before bounding back, up 4.7% Thursday, to just under $700.</p><p><blockquote>总统乔·拜登可能对股价下跌负有责任，该股在盘前交易中下跌约2.7%，至约680美元。对于特斯拉股东来说，这是疯狂的一周。本周初股价约为675美元，交易价格高于700美元，跌至约560美元，然后反弹，周四上涨4.7%，至略低于700美元。</blockquote></p><p>Nothing Tesla has done appears to be the reason for the recent volatility. It’s all about interest rates.</p><p><blockquote>特斯拉所做的一切似乎都不是最近波动的原因。一切都与利率有关。</blockquote></p><p>That is where the president comes into the picture. Thursday evening, he addressed the nation, focusing on putting Covid-19 in the rearview mirror a year after the World Health Organization declared that a pandemic had begun.</p><p><blockquote>这就是总统发挥作用的地方。周四晚上，他向全国发表讲话，重点是在世界卫生组织宣布疫情已经开始一年后，将新冠肺炎(Covid-19)抛在脑后。</blockquote></p><p>“All adult Americans will be eligible to get a vaccine no later than May 1,” said the president, adding the federal government is setting up hundreds of vaccination sites and procuring millions more vaccine doses.</p><p><blockquote>总统说：“所有成年美国人都有资格在5月1日之前接种疫苗。”他补充说，联邦政府正在建立数百个疫苗接种点，并采购数百万剂疫苗。</blockquote></p><p>It’s good news, but the market is selling off Friday morning. For stocks, the speech represents almost too much of a good thing. The economy is reopening and, as a result,bond yields are rising, putting pressure on high-growth stocks.</p><p><blockquote>这是个好消息，但周五早上市场正在抛售。对于股票来说，这次讲话几乎代表了太多的好事。经济正在重新开放，因此债券收益率正在上升，给高增长股票带来压力。</blockquote></p><p>Futures on the&nbsp;Nasdaq Composite&nbsp;Index, home to many highflying tech stocks, are down 1.6%.Dow Jones Industrial Averagefutures, on the other hand, are flat.</p><p><blockquote>拥有许多飙升的科技股的纳斯达克综合指数期货下跌1.6%。另一方面，道琼斯工业平均指数期货持平。</blockquote></p><p>Higher yields hurt richly valued, fast-growing companies more than others for a couple of reasons. One, they makes funding growth more expensive. Two, high- growth companies are expected generate most of their cash far in the future. That cash is a little less valuable in present terms when rates are high, compared with when rates are low. In a higher-rate environment, investors have more options to earn interest today, which puts pressure on high-growth stocks’ valuations.</p><p><blockquote>较高的收益率对估值高、快速增长的公司的伤害比其他公司更大，原因有几个。第一，它们使融资增长更加昂贵。第二，高增长公司预计将在未来产生大部分现金。与利率低时相比，利率高时现金的价值较低。在利率较高的环境下，投资者如今有更多赚取利息的选择，这给高增长股票的估值带来压力。</blockquote></p><p>A Friday dip, however,doesn’t mean the end&nbsp;of the bull market in Tesla, EV stocks or the Nasdaq. Getting the economy back on its feet is a good thing. Investors just need a chance to adjust to the changing landscape.</p><p><blockquote>然而，周五的下跌并不意味着特斯拉、电动汽车股票或纳斯达克牛市的结束。让经济重新站稳脚跟是件好事。投资者只是需要一个机会来适应不断变化的环境。</blockquote></p><p>“There’s a good chance you, your families and friends will be able to get together in your backyard or in your neighborhood and have a cookout …and celebrate Independence Day,” Biden said. That is great news.</p><p><blockquote>拜登说：“你、你的家人和朋友很有可能能够在你的后院或附近聚会，野餐……庆祝独立日。”这是个好消息。</blockquote></p><p></p>","source":"lsy1601382232898","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>Tesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</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\">\nTesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-12 23:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock inTesla&nbsp;is lower after CNBC reported that the&nbsp;electric-vehicle&nbsp;company&nbsp;had a firein its Fremont, Calif. plant, but the blaze probably isn’t the reason for the dip.</p><p><blockquote>CNBC报道电动汽车公司特斯拉在加利福尼亚州弗里蒙特发生火灾后，该公司股价走低。植物，但大火可能不是下降的原因。</blockquote></p><p>Fires are just a normal, albeit unfortunate, operating problem for any manufacturer. Tesla (ticker: TSLA) didn’t immediately respond to a request for comment about the fire or the damage it may have caused.</p><p><blockquote>对于任何制造商来说，火灾只是一个正常但不幸的操作问题。特斯拉（股票代码：TSLA）没有立即回应有关火灾或火灾可能造成的损失的置评请求。</blockquote></p><p>President Joe Biden is probably responsible for the share-price decline, which left the stock about 2.7% lower in premarket trading, at about $680. It has beena wild weekfor Tesla stockholders. Shares started off the week at about $675,traded above $700and fell to about $560 before bounding back, up 4.7% Thursday, to just under $700.</p><p><blockquote>总统乔·拜登可能对股价下跌负有责任，该股在盘前交易中下跌约2.7%，至约680美元。对于特斯拉股东来说，这是疯狂的一周。本周初股价约为675美元，交易价格高于700美元，跌至约560美元，然后反弹，周四上涨4.7%，至略低于700美元。</blockquote></p><p>Nothing Tesla has done appears to be the reason for the recent volatility. It’s all about interest rates.</p><p><blockquote>特斯拉所做的一切似乎都不是最近波动的原因。一切都与利率有关。</blockquote></p><p>That is where the president comes into the picture. Thursday evening, he addressed the nation, focusing on putting Covid-19 in the rearview mirror a year after the World Health Organization declared that a pandemic had begun.</p><p><blockquote>这就是总统发挥作用的地方。周四晚上，他向全国发表讲话，重点是在世界卫生组织宣布疫情已经开始一年后，将新冠肺炎(Covid-19)抛在脑后。</blockquote></p><p>“All adult Americans will be eligible to get a vaccine no later than May 1,” said the president, adding the federal government is setting up hundreds of vaccination sites and procuring millions more vaccine doses.</p><p><blockquote>总统说：“所有成年美国人都有资格在5月1日之前接种疫苗。”他补充说，联邦政府正在建立数百个疫苗接种点，并采购数百万剂疫苗。</blockquote></p><p>It’s good news, but the market is selling off Friday morning. For stocks, the speech represents almost too much of a good thing. The economy is reopening and, as a result,bond yields are rising, putting pressure on high-growth stocks.</p><p><blockquote>这是个好消息，但周五早上市场正在抛售。对于股票来说，这次讲话几乎代表了太多的好事。经济正在重新开放，因此债券收益率正在上升，给高增长股票带来压力。</blockquote></p><p>Futures on the&nbsp;Nasdaq Composite&nbsp;Index, home to many highflying tech stocks, are down 1.6%.Dow Jones Industrial Averagefutures, on the other hand, are flat.</p><p><blockquote>拥有许多飙升的科技股的纳斯达克综合指数期货下跌1.6%。另一方面，道琼斯工业平均指数期货持平。</blockquote></p><p>Higher yields hurt richly valued, fast-growing companies more than others for a couple of reasons. One, they makes funding growth more expensive. Two, high- growth companies are expected generate most of their cash far in the future. That cash is a little less valuable in present terms when rates are high, compared with when rates are low. In a higher-rate environment, investors have more options to earn interest today, which puts pressure on high-growth stocks’ valuations.</p><p><blockquote>较高的收益率对估值高、快速增长的公司的伤害比其他公司更大，原因有几个。第一，它们使融资增长更加昂贵。第二，高增长公司预计将在未来产生大部分现金。与利率低时相比，利率高时现金的价值较低。在利率较高的环境下，投资者如今有更多赚取利息的选择，这给高增长股票的估值带来压力。</blockquote></p><p>A Friday dip, however,doesn’t mean the end&nbsp;of the bull market in Tesla, EV stocks or the Nasdaq. Getting the economy back on its feet is a good thing. Investors just need a chance to adjust to the changing landscape.</p><p><blockquote>然而，周五的下跌并不意味着特斯拉、电动汽车股票或纳斯达克牛市的结束。让经济重新站稳脚跟是件好事。投资者只是需要一个机会来适应不断变化的环境。</blockquote></p><p>“There’s a good chance you, your families and friends will be able to get together in your backyard or in your neighborhood and have a cookout …and celebrate Independence Day,” Biden said. That is great news.</p><p><blockquote>拜登说：“你、你的家人和朋友很有可能能够在你的后院或附近聚会，野餐……庆祝独立日。”这是个好消息。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-is-down-you-could-blame-joe-biden-51615557806?mod=hp_LATEST\">Barrons</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":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-is-down-you-could-blame-joe-biden-51615557806?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100128328","content_text":"Stock inTesla is lower after CNBC reported that the electric-vehicle company had a firein its Fremont, Calif. plant, but the blaze probably isn’t the reason for the dip.Fires are just a normal, albeit unfortunate, operating problem for any manufacturer. Tesla (ticker: TSLA) didn’t immediately respond to a request for comment about the fire or the damage it may have caused.President Joe Biden is probably responsible for the share-price decline, which left the stock about 2.7% lower in premarket trading, at about $680. It has beena wild weekfor Tesla stockholders. Shares started off the week at about $675,traded above $700and fell to about $560 before bounding back, up 4.7% Thursday, to just under $700.Nothing Tesla has done appears to be the reason for the recent volatility. It’s all about interest rates.That is where the president comes into the picture. Thursday evening, he addressed the nation, focusing on putting Covid-19 in the rearview mirror a year after the World Health Organization declared that a pandemic had begun.“All adult Americans will be eligible to get a vaccine no later than May 1,” said the president, adding the federal government is setting up hundreds of vaccination sites and procuring millions more vaccine doses.It’s good news, but the market is selling off Friday morning. For stocks, the speech represents almost too much of a good thing. The economy is reopening and, as a result,bond yields are rising, putting pressure on high-growth stocks.Futures on the Nasdaq Composite Index, home to many highflying tech stocks, are down 1.6%.Dow Jones Industrial Averagefutures, on the other hand, are flat.Higher yields hurt richly valued, fast-growing companies more than others for a couple of reasons. One, they makes funding growth more expensive. Two, high- growth companies are expected generate most of their cash far in the future. That cash is a little less valuable in present terms when rates are high, compared with when rates are low. In a higher-rate environment, investors have more options to earn interest today, which puts pressure on high-growth stocks’ valuations.A Friday dip, however,doesn’t mean the end of the bull market in Tesla, EV stocks or the Nasdaq. Getting the economy back on its feet is a good thing. Investors just need a chance to adjust to the changing landscape.“There’s a good chance you, your families and friends will be able to get together in your backyard or in your neighborhood and have a cookout …and celebrate Independence Day,” Biden said. That is great news.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367841427,"gmtCreate":1614938485869,"gmtModify":1703483191457,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"In cathie woods we believe","listText":"In cathie woods we believe","text":"In cathie woods we believe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/367841427","repostId":"1150841347","repostType":4,"repost":{"id":"1150841347","kind":"news","pubTimestamp":1614936979,"share":"https://www.laohu8.com/m/news/1150841347?lang=zh_CN&edition=full","pubTime":"2021-03-05 17:36","market":"us","language":"en","title":"Why Cathie Wood's once hot Ark Innovation ETF has lost all its 2021 gains<blockquote>为什么Cathie Wood曾经炙手可热的Ark Innovation ETF失去了2021年的所有涨幅</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150841347","media":"yahoo","summary":"What goes up in the stock market inevitably goes down, and that includes one of the hottest ETFs of ","content":"<p>What goes up in the stock market inevitably goes down, and that includes one of the hottest ETFs of 2020.</p><p><blockquote>股市上涨的东西不可避免地会下跌，其中包括2020年最热门的ETF之一。</blockquote></p><p>Cathie Wood— a money manager who rose to notable fame in 2020 with bold bets on Tesla (TSLA) and other hot tech names — saw her flagshipArk Innovation ETFlose all of its gains for 2021 on Thursday. The ETF shed 5.5% in heavy afternoon trading Thursday, which brings its year-to-date decline to a similar amount.</p><p><blockquote>凯西·伍德(Cathie Wood)是一位基金经理，她在2020年因大胆押注特斯拉(TSLA)和其他热门科技公司而声名鹊起，周四，她的旗舰Park Innovation ETF抹去了2021年的所有涨幅。该ETF在周四下午的交易中下跌了5.5%，使其今年迄今的跌幅达到了类似的水平。</blockquote></p><p>In 2020, theETF skyrocketed nearly 150%.</p><p><blockquote>2020年，该ETF暴涨近150%。</blockquote></p><p>The pullback for the much ballyhooed ETF reflects the broader pullback in tech stocks in recent weeks.</p><p><blockquote>大肆宣传的ETF的回调反映了最近几周科技股更广泛的回调。</blockquote></p><p>The yield on the 10-year Treasury has gone fromabout 1.07% on Feb. 1 to 1.53%presently. Investors have reasoned that with a strong economic recovery later this year as more people get theCOVID-19 vaccine, inflation will return. In turn, that will spur the Fed to raise interest rates faster than expected and then depress stock prices.</p><p><blockquote>10年期国债收益率已从2月1日的1.07%左右升至目前的1.53%。投资者认为，随着今年晚些时候越来越多的人接种COVID-19疫苗，经济将强劲复苏，通胀将会卷土重来。反过来，这将刺激美联储以快于预期的速度加息，然后压低股价。</blockquote></p><p>Selling pressure has been the most acute on the Nasdaq Composite, which is down 20% since over the past month, as investors model in lower returns for hot tech stocks amid the rise in rates. The top five holdings in Wood's Ark ETF —Tesla, Square, Roku, Teladoc and Spotify — have shed an average of 17% in one month's time.</p><p><blockquote>纳斯达克综合指数的抛售压力最为严重，自过去一个月以来已下跌20%，因为投资者预计在利率上升的情况下热门科技股的回报率会降低。Wood's Ark ETF的前五大持股——特斯拉、Square、Roku、Teladoc和Spotify——在一个月内平均下跌了17%。</blockquote></p><p>The ETF's largest holding (10.07% of the ETF) Tesla has led the declines, and is down 29%.</p><p><blockquote>该ETF最大持股（占ETF的10.07%）特斯拉领跌，下跌29%。</blockquote></p><p>To be sure, the downward bias for the ETF may continue in the near-term until investors grow comfortable owning growth tech companies alongside rising yields (or yields elevated at current levels).</p><p><blockquote>可以肯定的是，ETF的下行倾向可能会在短期内持续下去，直到投资者对持有成长型科技公司以及收益率上升（或收益率升至当前水平）感到满意。</blockquote></p><p>\"I am worried after the monster rally we have had particularly in the marquee tech names that this rotation into value probably continues,\" said veteran tech investor Paul Meeks of Independent Wealth Solutions Management onYahoo Finance Live.</p><p><blockquote>独立财富解决方案管理公司(Independent Wealth Solutions Management)的资深科技投资者保罗·米克斯(Paul Meeks)在雅虎财经直播(Yahoo Finance Live)上表示：“我担心，在经历了巨大的上涨之后，尤其是在大型科技公司中，这种价值轮换可能会继续下去。”</blockquote></p><p>\"We have kind of found a ceiling of about 1.4% to 1.5% on the 10-year, and if we break through that resistance it could be some more pain in these tech stocks because as growth stock darlings, these are long duration assets,\" added Meeks. \"They are super sensitive on the downside to increases in rates.\"</p><p><blockquote>“我们发现10年期国债的上限约为1.4%至1.5%，如果我们突破这一阻力位，这些科技股可能会更加痛苦，因为作为成长股的宠儿，这些都是长期资产，”米克斯补充道。“他们对加息的负面影响非常敏感。”</blockquote></p><p></p>","source":"lsy1584348713084","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>Why Cathie Wood's once hot Ark Innovation ETF has lost all its 2021 gains<blockquote>为什么Cathie Wood曾经炙手可热的Ark Innovation ETF失去了2021年的所有涨幅</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; 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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\">\nWhy Cathie Wood's once hot Ark Innovation ETF has lost all its 2021 gains<blockquote>为什么Cathie Wood曾经炙手可热的Ark Innovation ETF失去了2021年的所有涨幅</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">yahoo</strong><span class=\"h-time small\">2021-03-05 17:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What goes up in the stock market inevitably goes down, and that includes one of the hottest ETFs of 2020.</p><p><blockquote>股市上涨的东西不可避免地会下跌，其中包括2020年最热门的ETF之一。</blockquote></p><p>Cathie Wood— a money manager who rose to notable fame in 2020 with bold bets on Tesla (TSLA) and other hot tech names — saw her flagshipArk Innovation ETFlose all of its gains for 2021 on Thursday. The ETF shed 5.5% in heavy afternoon trading Thursday, which brings its year-to-date decline to a similar amount.</p><p><blockquote>凯西·伍德(Cathie Wood)是一位基金经理，她在2020年因大胆押注特斯拉(TSLA)和其他热门科技公司而声名鹊起，周四，她的旗舰Park Innovation ETF抹去了2021年的所有涨幅。该ETF在周四下午的交易中下跌了5.5%，使其今年迄今的跌幅达到了类似的水平。</blockquote></p><p>In 2020, theETF skyrocketed nearly 150%.</p><p><blockquote>2020年，该ETF暴涨近150%。</blockquote></p><p>The pullback for the much ballyhooed ETF reflects the broader pullback in tech stocks in recent weeks.</p><p><blockquote>大肆宣传的ETF的回调反映了最近几周科技股更广泛的回调。</blockquote></p><p>The yield on the 10-year Treasury has gone fromabout 1.07% on Feb. 1 to 1.53%presently. Investors have reasoned that with a strong economic recovery later this year as more people get theCOVID-19 vaccine, inflation will return. In turn, that will spur the Fed to raise interest rates faster than expected and then depress stock prices.</p><p><blockquote>10年期国债收益率已从2月1日的1.07%左右升至目前的1.53%。投资者认为，随着今年晚些时候越来越多的人接种COVID-19疫苗，经济将强劲复苏，通胀将会卷土重来。反过来，这将刺激美联储以快于预期的速度加息，然后压低股价。</blockquote></p><p>Selling pressure has been the most acute on the Nasdaq Composite, which is down 20% since over the past month, as investors model in lower returns for hot tech stocks amid the rise in rates. The top five holdings in Wood's Ark ETF —Tesla, Square, Roku, Teladoc and Spotify — have shed an average of 17% in one month's time.</p><p><blockquote>纳斯达克综合指数的抛售压力最为严重，自过去一个月以来已下跌20%，因为投资者预计在利率上升的情况下热门科技股的回报率会降低。Wood's Ark ETF的前五大持股——特斯拉、Square、Roku、Teladoc和Spotify——在一个月内平均下跌了17%。</blockquote></p><p>The ETF's largest holding (10.07% of the ETF) Tesla has led the declines, and is down 29%.</p><p><blockquote>该ETF最大持股（占ETF的10.07%）特斯拉领跌，下跌29%。</blockquote></p><p>To be sure, the downward bias for the ETF may continue in the near-term until investors grow comfortable owning growth tech companies alongside rising yields (or yields elevated at current levels).</p><p><blockquote>可以肯定的是，ETF的下行倾向可能会在短期内持续下去，直到投资者对持有成长型科技公司以及收益率上升（或收益率升至当前水平）感到满意。</blockquote></p><p>\"I am worried after the monster rally we have had particularly in the marquee tech names that this rotation into value probably continues,\" said veteran tech investor Paul Meeks of Independent Wealth Solutions Management onYahoo Finance Live.</p><p><blockquote>独立财富解决方案管理公司(Independent Wealth Solutions Management)的资深科技投资者保罗·米克斯(Paul Meeks)在雅虎财经直播(Yahoo Finance Live)上表示：“我担心，在经历了巨大的上涨之后，尤其是在大型科技公司中，这种价值轮换可能会继续下去。”</blockquote></p><p>\"We have kind of found a ceiling of about 1.4% to 1.5% on the 10-year, and if we break through that resistance it could be some more pain in these tech stocks because as growth stock darlings, these are long duration assets,\" added Meeks. \"They are super sensitive on the downside to increases in rates.\"</p><p><blockquote>“我们发现10年期国债的上限约为1.4%至1.5%，如果我们突破这一阻力位，这些科技股可能会更加痛苦，因为作为成长股的宠儿，这些都是长期资产，”米克斯补充道。“他们对加息的负面影响非常敏感。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/why-cathy-woods-once-hot-ark-innovation-etf-has-lost-all-its-2021-gains-185620392.html\">yahoo</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":{"ARKF":"ARK Fintech Innovation ETF","ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internet ETF","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://finance.yahoo.com/news/why-cathy-woods-once-hot-ark-innovation-etf-has-lost-all-its-2021-gains-185620392.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150841347","content_text":"What goes up in the stock market inevitably goes down, and that includes one of the hottest ETFs of 2020.Cathie Wood— a money manager who rose to notable fame in 2020 with bold bets on Tesla (TSLA) and other hot tech names — saw her flagshipArk Innovation ETFlose all of its gains for 2021 on Thursday. The ETF shed 5.5% in heavy afternoon trading Thursday, which brings its year-to-date decline to a similar amount.In 2020, theETF skyrocketed nearly 150%.The pullback for the much ballyhooed ETF reflects the broader pullback in tech stocks in recent weeks.The yield on the 10-year Treasury has gone fromabout 1.07% on Feb. 1 to 1.53%presently. Investors have reasoned that with a strong economic recovery later this year as more people get theCOVID-19 vaccine, inflation will return. In turn, that will spur the Fed to raise interest rates faster than expected and then depress stock prices.Selling pressure has been the most acute on the Nasdaq Composite, which is down 20% since over the past month, as investors model in lower returns for hot tech stocks amid the rise in rates. The top five holdings in Wood's Ark ETF —Tesla, Square, Roku, Teladoc and Spotify — have shed an average of 17% in one month's time.The ETF's largest holding (10.07% of the ETF) Tesla has led the declines, and is down 29%.To be sure, the downward bias for the ETF may continue in the near-term until investors grow comfortable owning growth tech companies alongside rising yields (or yields elevated at current levels).\"I am worried after the monster rally we have had particularly in the marquee tech names that this rotation into value probably continues,\" said veteran tech investor Paul Meeks of Independent Wealth Solutions Management onYahoo Finance Live.\"We have kind of found a ceiling of about 1.4% to 1.5% on the 10-year, and if we break through that resistance it could be some more pain in these tech stocks because as growth stock darlings, these are long duration assets,\" added Meeks. \"They are super sensitive on the downside to increases in rates.\"","news_type":1,"symbols_score_info":{"ARKF":0.9,"ARKW":0.9,"ARKK":0.9,"ARKG":0.9}},"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388211790,"gmtCreate":1613057276610,"gmtModify":1703769003178,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>Wait for ASTRA!","listText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>Wait for ASTRA!","text":"$Holicity Inc(HOL)$Wait for ASTRA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/388211790","isVote":1,"tweetType":1,"viewCount":762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126210318,"gmtCreate":1624574544734,"gmtModify":1634004305291,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Solid","listText":"Solid","text":"Solid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126210318","repostId":"1198422658","repostType":4,"isVote":1,"tweetType":1,"viewCount":1217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324024650,"gmtCreate":1615945537570,"gmtModify":1703495347417,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"With tesla future plan’s tesla is going to steal theshow again!","listText":"With tesla future plan’s tesla is going to steal theshow again!","text":"With tesla future plan’s tesla is going to steal theshow again!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324024650","repostId":"1126006763","repostType":4,"repost":{"id":"1126006763","kind":"news","pubTimestamp":1615943088,"share":"https://www.laohu8.com/m/news/1126006763?lang=zh_CN&edition=full","pubTime":"2021-03-17 09:04","market":"us","language":"en","title":"Volkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126006763","media":"CNN Business","summary":"London  - Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.After years as the undisputed king of the electric car,Tesla  could be matched sale for sale by Volkswagen  as early as 2022, according to analysts at UBS, who predict that Europe's biggest carmaker will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volk","content":"<p><b>London (CNN Business)&nbsp;-&nbsp;</b>Tesla&nbsp;knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.</p><p><blockquote><b>伦敦（CNN商业）——</b>特斯拉知道如何颠覆一个行业。它可能很快就会发现在接收端是什么感觉。</blockquote></p><p> After years as the undisputed king of the electric car,Tesla&nbsp;(TSLA)&nbsp;could be matched sale for sale by&nbsp;Volkswagen&nbsp;(VLKAF)&nbsp;as early as 2022, according to analysts at UBS, who predict that&nbsp;Europe's biggest carmaker&nbsp;will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.</p><p><blockquote>瑞银(UBS)分析师表示，特斯拉(TSLA)多年来一直是无可争议的电动汽车之王，最早可能在2022年与大众汽车(VLKAF)并驾齐驱，他们预测这家欧洲最大的汽车制造商将继续销售30万辆到2025年，电池电动汽车将超过特斯拉。</blockquote></p><p> Ending Tesla's reign would be a huge milestone in Volkswagen's transformation into an&nbsp;electric vehicle powerhouse. Badly burned by its diesel emissions scandal in 2015, Europe's largest carmaker is investing €35 billion ($42 billion) in electric vehicles, staking its future on new technology and a dramatic shift away from fossil fuels.</p><p><blockquote>结束特斯拉的统治将是大众汽车向电动汽车巨头转型的一个巨大里程碑。这家欧洲最大的汽车制造商因2015年柴油排放丑闻而遭受重创，正在投资350亿欧元（420亿美元）购买电动汽车，将其未来押注于新技术和从化石燃料的大幅转变。</blockquote></p><p> \"Tesla is not only about electric vehicles. Tesla is also very strong in software. They really run the car as a device. They are making good progress on the autonomous thing. But yes ... we are going to challenge Tesla,\" Volkswagen CEO Herbert Diess told CNN's Julia Chatterley on Tuesday.</p><p><blockquote>大众汽车首席执行官Herbert Diess周二对CNN的Julia Chatterley表示：“特斯拉不仅仅是电动汽车。特斯拉在软件方面也非常强大。他们确实将汽车作为一个设备来运行。他们在自动驾驶方面取得了良好进展。但是，是的……我们将挑战特斯拉。”</blockquote></p><p> Volkswagen this week underscored the scale of that ambition. It said it would sell more than 2 million electric vehicles by 2025, build its own network of vast battery factories, hire 6,500 IT experts over the next five years, launch its own operating system, and become Europe's second biggest software company behindSAP&nbsp;(SAP).</p><p><blockquote>大众汽车本周强调了这一雄心的规模。该公司表示，到2025年，将销售超过200万辆电动汽车，建立自己的庞大电池工厂网络，在未来五年内雇佣6,500名IT专家，推出自己的操作系统，并成为仅次于SAP（SAP）的欧洲第二大软件公司。</blockquote></p><p> UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going \"all in\" on electric cars before other established carmakers includingToyota(TM)andGeneral Motors(GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).</p><p><blockquote>瑞银分析师上周对记者表示，投资者未能意识到大众汽车在特斯拉取得进展的速度，以及这家德国公司在丰田等其他老牌汽车制造商之前“全押”电动汽车将赚多少钱。TM）和通用汽车（GM）。瑞银将大众汽车股票目标价上调50%至300欧元（358美元）。</blockquote></p><p> \"We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year, while their margins will be stable or even grow from here. That is something that is totally unappreciated,\" said UBS analyst Patrick Hummel.</p><p><blockquote>瑞银分析师Patrick Hummel表示：“我们比以往任何时候都更有信心，大众汽车将实现销量增长的独特组合，使其最快明年与特斯拉一起成为全球最大的[电动]汽车制造商，同时其利润率将保持稳定，甚至在此基础上增长。这是完全不受重视的事情。”</blockquote></p><p> Volkswagen, which owns Porsche, Audi, Skoda and SEAT, sold 231,600 battery electric vehicles in 2020. That's less than half the number of sales Tesla made, but it represents an increase of 214% on the previous year. Rapid growth is expected to continue as Volkswagen launches 70 electric vehicles before the end of the decade. It will operate eight electric vehicle plants by 2022, producing models in nearly every segment — from small cars to SUVs and luxury sedans.</p><p><blockquote>拥有保时捷、奥迪、斯柯达和西雅特的大众汽车2020年销售了231,600辆纯电动汽车。这还不到特斯拉销售额的一半，但比上一年增长了214%。随着大众汽车在本世纪末推出70款电动汽车，预计快速增长将继续。到2022年，该公司将运营八家电动汽车工厂，生产几乎所有细分市场的车型——从小型车到SUV和豪华轿车。</blockquote></p><p> The global race to electric car market domination will come down to the Californian upstart and the German industrial giant, according to UBS. It predicts that Volkswagen will exceed its own goal by producing 2.6 million electric vehicles in 2025, followed by Tesla with 2.3 million. Toyota, which sold more cars than anyone else last year, ranks a distant third with 1.5 million electric sales (excluding hybrids).Hyundai Motor Group(HYMTF)andNissan(NSANF)will churn out roughly 1 million vehicles, followed by General Motors with 800,000.</p><p><blockquote>瑞银表示，全球电动汽车市场主导地位的竞赛将取决于加州新贵和德国工业巨头。它预测，大众汽车将在2025年生产260万辆电动汽车，超过自己的目标，其次是特斯拉，生产230万辆。丰田去年的汽车销量比其他任何公司都多，以150万辆电动汽车销量（不包括混合动力汽车）排名第三。现代汽车集团(HYMTF)和日产(NSANF)将生产约100万辆汽车，其次是通用汽车，销量为80万辆。</blockquote></p><p> <b>Shifting into overdrive</b></p><p><blockquote><b>换入超速档</b></blockquote></p><p> Volkswagen is in a better position than its rivals because of its modular production platform, or MEB. The platform, which was used to produce the ID.3, an electric compact hatchback, will allow the carmaker to quickly produce a huge number of vehicles while slashing costs.</p><p><blockquote>由于其模块化生产平台（MEB），大众汽车比竞争对手处于更好的地位。该平台用于生产电动紧凑型掀背车ID.3，将使该汽车制造商能够快速生产大量车辆，同时削减成本。</blockquote></p><p> UBS estimates that manufacturing an ID.3 currently costs Volkswagen €4,000 ($4,770) more than producing an equivalent Golf powered by gasoline or diesel. But a sharp decline in the cost of battery packs — the single most expensive part of an electric vehicle — mean the difference in production costs will be eliminated by 2025, according to UBS.</p><p><blockquote>瑞银估计，目前大众汽车制造一辆ID.3的成本比生产一辆由汽油或柴油驱动的同等高尔夫高出4,000欧元（4,770美元）。但瑞银表示，电池组（电动汽车最昂贵的部件）成本的大幅下降意味着生产成本的差异将在2025年之前消除。</blockquote></p><p> Volkswagen on Monday unveiled plans to open six battery-making \"gigafactories\" in Europe by 2030, with the aim of slashing the cost of its battery cells by as much as 50%. \"Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers,\" said Diess.</p><p><blockquote>大众汽车周一公布了到2030年在欧洲开设六家电池制造“超级工厂”的计划，目标是将电池成本削减多达50%。“更低的电池价格意味着更实惠的汽车，这使得电动汽车对客户更具吸引力，”迪斯说。</blockquote></p><p> The huge scale of production at Volkswagen, which sold 9.3 million cars last year, will also help reduce costs. In addition to the MEB, the group is developing a separate platform for premium brands Audi and Porsche, allowing it to launch electric vehicles across its entire product range.</p><p><blockquote>大众汽车去年销售了930万辆汽车，其巨大的生产规模也将有助于降低成本。除了MEB之外，该集团正在为高端品牌奥迪和保时捷开发一个单独的平台，使其能够在整个产品系列中推出电动汽车。</blockquote></p><p> Investors are starting to reward the company. Shares in Volkswagen jumped 6.5% to €207 ($247) on Tuesday, bringing gains so far this year to 35%.</p><p><blockquote>投资者开始奖励该公司。周二，大众汽车股价上涨6.5%，至207欧元（247美元），今年迄今为止的涨幅达到35%。</blockquote></p><p> <b>Where Tesla leads</b></p><p><blockquote><b>特斯拉领先的地方</b></blockquote></p><p></p><p> Despite the recent rise in its share price, Volkswagen is worth significantly less than Tesla. The market value of the challenger led by Elon Musk&nbsp;first overtook&nbsp;that of Volkswagen in January 2020, and the gap has increased dramatically since then. Volkswagen has a market capitalization of €111 billion ($133 billion), compared to $680 billion for Tesla.</p><p><blockquote>尽管大众汽车的股价最近有所上涨，但其市值仍远低于特斯拉。埃隆·马斯克领导的挑战者市值在2020年1月首次反超大众，此后差距急剧扩大。大众汽车的市值为1110亿欧元（1330亿美元），而特斯拉的市值为6800亿美元。</blockquote></p><p> Part of the difference can be explained by Tesla's continued superiority in battery costs, software and the profitability of its electric cars. According to UBS, Tesla has \"a more sophisticated IT hardware architecture,\" and its \"software organization is on a different level.\" Volkswagen lags Tesla in autonomous driving technology by several years.</p><p><blockquote>部分差异可以用特斯拉在电池成本、软件和电动汽车盈利能力方面的持续优势来解释。瑞银表示，特斯拉拥有“更复杂的IT硬件架构”，其“软件组织处于不同的水平”。大众在自动驾驶技术上落后特斯拉数年。</blockquote></p><p> Some investors believe that Tesla will be able to capitalize on its software advantage in a big way. In addition to delivering wireless updates to its cars — a concept the company pioneered — Tesla may soon be able to do things like charge owners a subscription fee to use its autonomous driving software. It's much closer to changing the nature of car ownership than established carmakers such as Volkswagen.</p><p><blockquote>一些投资者认为，特斯拉将能够大力利用其软件优势。除了为其汽车提供无线更新（该公司首创的概念）之外，特斯拉可能很快就能做一些事情，比如向车主收取使用其自动驾驶软件的订阅费。与大众汽车等老牌汽车制造商相比，它更接近于改变汽车所有权的性质。</blockquote></p><p> UBS reckons that the earnings potential from software accounts for roughly two thirds, or $400 billion, of Tesla's market value.</p><p><blockquote>瑞银估计，软件的盈利潜力约占特斯拉市值的三分之二，即4000亿美元。</blockquote></p><p> \"We think the lion's share of this [$400 billion in] value can be generated by software, mainly autonomous driving. With that, Tesla has the potential to become one of the most valuable software companies,\" its analysts wrote.</p><p><blockquote>“我们认为这一[4000亿美元]价值的最大份额可以由软件产生，主要是自动驾驶。因此，特斯拉有潜力成为最有价值的软件公司之一，”其分析师写道。</blockquote></p><p> There could be setbacks along the way, however. Tesla recently expanded its \"full self-driving\" software to roughly 2,000 owners, but&nbsp;some drivers had their access revoked&nbsp;for not paying close enough attention to the road.</p><p><blockquote>然而，一路上可能会遇到挫折。特斯拉最近将其“全自动驾驶”软件扩展到大约2,000名车主，但一些司机因对道路不够密切关注而被吊销了访问权限。</blockquote></p><p> Dan Ives, an analyst at Wedbush Securities, said earlier this year that the electric vehicle market is \"Tesla's world and everyone else is paying rent.\" But with 150 carmakers all pursuing the same goal, Tesla will need to execute on its strategy, he added.</p><p><blockquote>Wedbush Securities分析师Dan Ives今年早些时候表示，电动汽车市场是“特斯拉的天下，其他人都在支付租金”。但他补充说，由于150家汽车制造商都在追求相同的目标，特斯拉需要执行其战略。</blockquote></p><p> \"While growth will be key, its profitability profile will be under the microscope from investors going forward to better discern how quickly Tesla can ramp its margin structure, especially with higher margin sales coming out of China over the next few years,\" said Ives.</p><p><blockquote>Ives表示：“虽然增长将是关键，但其盈利状况将受到投资者的密切关注，以更好地了解特斯拉能够以多快的速度提高其利润率结构，特别是在未来几年中国利润率更高的情况下。”</blockquote></p><p> For both Volkswagen and Tesla, their ambition to dominate the electric car market depends on their ability to become more like the other. Volkswagen needs to quickly upgrade its software capabilities, while Tesla would benefit from the German company's ability to churn out million upon millions of high-quality vehicles each year<b>.</b>Volkswagen announced earlier this month that the first wireless software updates would be delivered to the ID.3 this summer.</p><p><blockquote>对于大众和特斯拉来说，它们主导电动汽车市场的雄心取决于它们变得更像对方的能力。大众汽车需要快速升级其软件功能，而特斯拉将受益于这家德国公司每年生产数百万辆高质量汽车的能力<b>.</b>大众汽车本月早些时候宣布，第一批无线软件更新将于今年夏天交付给ID.3。</blockquote></p><p> Ives predicts that Tesla will be making 1 million cars a year in 2022, and could be approaching 5 million annually by the end of the decade.</p><p><blockquote>Ives预测，到2022年，特斯拉汽车年产量将达到100万辆，到本世纪末，年产量可能接近500万辆。</blockquote></p><p> With consumers now searching out electric cars, especially in Europe, the race between Volkswagen and Tesla will accelerate quickly. According to UBS, electric cars will make up 20% of global new vehicles sales in 2015 and 50% in 2030.</p><p><blockquote>随着消费者现在寻找电动汽车，尤其是在欧洲，大众和特斯拉之间的竞争将迅速加速。据瑞银称，2015年电动汽车将占全球新车销量的20%，2030年将占50%。</blockquote></p><p> \"We find ourselves in a new playing field — up against companies that are entering the mobility market from the world of technology,\" Diess said on Tuesday. \"Stock market players still regard the Volkswagen Group as part of the 'old auto' world. By focusing consistently on software and efficiency, we are working to change this view.\"</p><p><blockquote>迪斯周二表示：“我们发现自己处于一个新的竞争环境中——与从技术领域进入移动市场的公司竞争。”“股市参与者仍然将大众汽车集团视为‘旧汽车’世界的一部分。通过始终如一地关注软件和效率，我们正在努力改变这种看法。”</blockquote></p><p></p>","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>Volkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</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\">\nVolkswagen could soon steal Tesla's crown<blockquote>大众汽车可能很快就会偷走特斯拉的桂冠</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-03-17 09:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>London (CNN Business)&nbsp;-&nbsp;</b>Tesla&nbsp;knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.</p><p><blockquote><b>伦敦（CNN商业）——</b>特斯拉知道如何颠覆一个行业。它可能很快就会发现在接收端是什么感觉。</blockquote></p><p> After years as the undisputed king of the electric car,Tesla&nbsp;(TSLA)&nbsp;could be matched sale for sale by&nbsp;Volkswagen&nbsp;(VLKAF)&nbsp;as early as 2022, according to analysts at UBS, who predict that&nbsp;Europe's biggest carmaker&nbsp;will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.</p><p><blockquote>瑞银(UBS)分析师表示，特斯拉(TSLA)多年来一直是无可争议的电动汽车之王，最早可能在2022年与大众汽车(VLKAF)并驾齐驱，他们预测这家欧洲最大的汽车制造商将继续销售30万辆到2025年，电池电动汽车将超过特斯拉。</blockquote></p><p> Ending Tesla's reign would be a huge milestone in Volkswagen's transformation into an&nbsp;electric vehicle powerhouse. Badly burned by its diesel emissions scandal in 2015, Europe's largest carmaker is investing €35 billion ($42 billion) in electric vehicles, staking its future on new technology and a dramatic shift away from fossil fuels.</p><p><blockquote>结束特斯拉的统治将是大众汽车向电动汽车巨头转型的一个巨大里程碑。这家欧洲最大的汽车制造商因2015年柴油排放丑闻而遭受重创，正在投资350亿欧元（420亿美元）购买电动汽车，将其未来押注于新技术和从化石燃料的大幅转变。</blockquote></p><p> \"Tesla is not only about electric vehicles. Tesla is also very strong in software. They really run the car as a device. They are making good progress on the autonomous thing. But yes ... we are going to challenge Tesla,\" Volkswagen CEO Herbert Diess told CNN's Julia Chatterley on Tuesday.</p><p><blockquote>大众汽车首席执行官Herbert Diess周二对CNN的Julia Chatterley表示：“特斯拉不仅仅是电动汽车。特斯拉在软件方面也非常强大。他们确实将汽车作为一个设备来运行。他们在自动驾驶方面取得了良好进展。但是，是的……我们将挑战特斯拉。”</blockquote></p><p> Volkswagen this week underscored the scale of that ambition. It said it would sell more than 2 million electric vehicles by 2025, build its own network of vast battery factories, hire 6,500 IT experts over the next five years, launch its own operating system, and become Europe's second biggest software company behindSAP&nbsp;(SAP).</p><p><blockquote>大众汽车本周强调了这一雄心的规模。该公司表示，到2025年，将销售超过200万辆电动汽车，建立自己的庞大电池工厂网络，在未来五年内雇佣6,500名IT专家，推出自己的操作系统，并成为仅次于SAP（SAP）的欧洲第二大软件公司。</blockquote></p><p> UBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going \"all in\" on electric cars before other established carmakers includingToyota(TM)andGeneral Motors(GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).</p><p><blockquote>瑞银分析师上周对记者表示，投资者未能意识到大众汽车在特斯拉取得进展的速度，以及这家德国公司在丰田等其他老牌汽车制造商之前“全押”电动汽车将赚多少钱。TM）和通用汽车（GM）。瑞银将大众汽车股票目标价上调50%至300欧元（358美元）。</blockquote></p><p> \"We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year, while their margins will be stable or even grow from here. That is something that is totally unappreciated,\" said UBS analyst Patrick Hummel.</p><p><blockquote>瑞银分析师Patrick Hummel表示：“我们比以往任何时候都更有信心，大众汽车将实现销量增长的独特组合，使其最快明年与特斯拉一起成为全球最大的[电动]汽车制造商，同时其利润率将保持稳定，甚至在此基础上增长。这是完全不受重视的事情。”</blockquote></p><p> Volkswagen, which owns Porsche, Audi, Skoda and SEAT, sold 231,600 battery electric vehicles in 2020. That's less than half the number of sales Tesla made, but it represents an increase of 214% on the previous year. Rapid growth is expected to continue as Volkswagen launches 70 electric vehicles before the end of the decade. It will operate eight electric vehicle plants by 2022, producing models in nearly every segment — from small cars to SUVs and luxury sedans.</p><p><blockquote>拥有保时捷、奥迪、斯柯达和西雅特的大众汽车2020年销售了231,600辆纯电动汽车。这还不到特斯拉销售额的一半，但比上一年增长了214%。随着大众汽车在本世纪末推出70款电动汽车，预计快速增长将继续。到2022年，该公司将运营八家电动汽车工厂，生产几乎所有细分市场的车型——从小型车到SUV和豪华轿车。</blockquote></p><p> The global race to electric car market domination will come down to the Californian upstart and the German industrial giant, according to UBS. It predicts that Volkswagen will exceed its own goal by producing 2.6 million electric vehicles in 2025, followed by Tesla with 2.3 million. Toyota, which sold more cars than anyone else last year, ranks a distant third with 1.5 million electric sales (excluding hybrids).Hyundai Motor Group(HYMTF)andNissan(NSANF)will churn out roughly 1 million vehicles, followed by General Motors with 800,000.</p><p><blockquote>瑞银表示，全球电动汽车市场主导地位的竞赛将取决于加州新贵和德国工业巨头。它预测，大众汽车将在2025年生产260万辆电动汽车，超过自己的目标，其次是特斯拉，生产230万辆。丰田去年的汽车销量比其他任何公司都多，以150万辆电动汽车销量（不包括混合动力汽车）排名第三。现代汽车集团(HYMTF)和日产(NSANF)将生产约100万辆汽车，其次是通用汽车，销量为80万辆。</blockquote></p><p> <b>Shifting into overdrive</b></p><p><blockquote><b>换入超速档</b></blockquote></p><p> Volkswagen is in a better position than its rivals because of its modular production platform, or MEB. The platform, which was used to produce the ID.3, an electric compact hatchback, will allow the carmaker to quickly produce a huge number of vehicles while slashing costs.</p><p><blockquote>由于其模块化生产平台（MEB），大众汽车比竞争对手处于更好的地位。该平台用于生产电动紧凑型掀背车ID.3，将使该汽车制造商能够快速生产大量车辆，同时削减成本。</blockquote></p><p> UBS estimates that manufacturing an ID.3 currently costs Volkswagen €4,000 ($4,770) more than producing an equivalent Golf powered by gasoline or diesel. But a sharp decline in the cost of battery packs — the single most expensive part of an electric vehicle — mean the difference in production costs will be eliminated by 2025, according to UBS.</p><p><blockquote>瑞银估计，目前大众汽车制造一辆ID.3的成本比生产一辆由汽油或柴油驱动的同等高尔夫高出4,000欧元（4,770美元）。但瑞银表示，电池组（电动汽车最昂贵的部件）成本的大幅下降意味着生产成本的差异将在2025年之前消除。</blockquote></p><p> Volkswagen on Monday unveiled plans to open six battery-making \"gigafactories\" in Europe by 2030, with the aim of slashing the cost of its battery cells by as much as 50%. \"Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers,\" said Diess.</p><p><blockquote>大众汽车周一公布了到2030年在欧洲开设六家电池制造“超级工厂”的计划，目标是将电池成本削减多达50%。“更低的电池价格意味着更实惠的汽车，这使得电动汽车对客户更具吸引力，”迪斯说。</blockquote></p><p> The huge scale of production at Volkswagen, which sold 9.3 million cars last year, will also help reduce costs. In addition to the MEB, the group is developing a separate platform for premium brands Audi and Porsche, allowing it to launch electric vehicles across its entire product range.</p><p><blockquote>大众汽车去年销售了930万辆汽车，其巨大的生产规模也将有助于降低成本。除了MEB之外，该集团正在为高端品牌奥迪和保时捷开发一个单独的平台，使其能够在整个产品系列中推出电动汽车。</blockquote></p><p> Investors are starting to reward the company. Shares in Volkswagen jumped 6.5% to €207 ($247) on Tuesday, bringing gains so far this year to 35%.</p><p><blockquote>投资者开始奖励该公司。周二，大众汽车股价上涨6.5%，至207欧元（247美元），今年迄今为止的涨幅达到35%。</blockquote></p><p> <b>Where Tesla leads</b></p><p><blockquote><b>特斯拉领先的地方</b></blockquote></p><p></p><p> Despite the recent rise in its share price, Volkswagen is worth significantly less than Tesla. The market value of the challenger led by Elon Musk&nbsp;first overtook&nbsp;that of Volkswagen in January 2020, and the gap has increased dramatically since then. Volkswagen has a market capitalization of €111 billion ($133 billion), compared to $680 billion for Tesla.</p><p><blockquote>尽管大众汽车的股价最近有所上涨，但其市值仍远低于特斯拉。埃隆·马斯克领导的挑战者市值在2020年1月首次反超大众，此后差距急剧扩大。大众汽车的市值为1110亿欧元（1330亿美元），而特斯拉的市值为6800亿美元。</blockquote></p><p> Part of the difference can be explained by Tesla's continued superiority in battery costs, software and the profitability of its electric cars. According to UBS, Tesla has \"a more sophisticated IT hardware architecture,\" and its \"software organization is on a different level.\" Volkswagen lags Tesla in autonomous driving technology by several years.</p><p><blockquote>部分差异可以用特斯拉在电池成本、软件和电动汽车盈利能力方面的持续优势来解释。瑞银表示，特斯拉拥有“更复杂的IT硬件架构”，其“软件组织处于不同的水平”。大众在自动驾驶技术上落后特斯拉数年。</blockquote></p><p> Some investors believe that Tesla will be able to capitalize on its software advantage in a big way. In addition to delivering wireless updates to its cars — a concept the company pioneered — Tesla may soon be able to do things like charge owners a subscription fee to use its autonomous driving software. It's much closer to changing the nature of car ownership than established carmakers such as Volkswagen.</p><p><blockquote>一些投资者认为，特斯拉将能够大力利用其软件优势。除了为其汽车提供无线更新（该公司首创的概念）之外，特斯拉可能很快就能做一些事情，比如向车主收取使用其自动驾驶软件的订阅费。与大众汽车等老牌汽车制造商相比，它更接近于改变汽车所有权的性质。</blockquote></p><p> UBS reckons that the earnings potential from software accounts for roughly two thirds, or $400 billion, of Tesla's market value.</p><p><blockquote>瑞银估计，软件的盈利潜力约占特斯拉市值的三分之二，即4000亿美元。</blockquote></p><p> \"We think the lion's share of this [$400 billion in] value can be generated by software, mainly autonomous driving. With that, Tesla has the potential to become one of the most valuable software companies,\" its analysts wrote.</p><p><blockquote>“我们认为这一[4000亿美元]价值的最大份额可以由软件产生，主要是自动驾驶。因此，特斯拉有潜力成为最有价值的软件公司之一，”其分析师写道。</blockquote></p><p> There could be setbacks along the way, however. Tesla recently expanded its \"full self-driving\" software to roughly 2,000 owners, but&nbsp;some drivers had their access revoked&nbsp;for not paying close enough attention to the road.</p><p><blockquote>然而，一路上可能会遇到挫折。特斯拉最近将其“全自动驾驶”软件扩展到大约2,000名车主，但一些司机因对道路不够密切关注而被吊销了访问权限。</blockquote></p><p> Dan Ives, an analyst at Wedbush Securities, said earlier this year that the electric vehicle market is \"Tesla's world and everyone else is paying rent.\" But with 150 carmakers all pursuing the same goal, Tesla will need to execute on its strategy, he added.</p><p><blockquote>Wedbush Securities分析师Dan Ives今年早些时候表示，电动汽车市场是“特斯拉的天下，其他人都在支付租金”。但他补充说，由于150家汽车制造商都在追求相同的目标，特斯拉需要执行其战略。</blockquote></p><p> \"While growth will be key, its profitability profile will be under the microscope from investors going forward to better discern how quickly Tesla can ramp its margin structure, especially with higher margin sales coming out of China over the next few years,\" said Ives.</p><p><blockquote>Ives表示：“虽然增长将是关键，但其盈利状况将受到投资者的密切关注，以更好地了解特斯拉能够以多快的速度提高其利润率结构，特别是在未来几年中国利润率更高的情况下。”</blockquote></p><p> For both Volkswagen and Tesla, their ambition to dominate the electric car market depends on their ability to become more like the other. Volkswagen needs to quickly upgrade its software capabilities, while Tesla would benefit from the German company's ability to churn out million upon millions of high-quality vehicles each year<b>.</b>Volkswagen announced earlier this month that the first wireless software updates would be delivered to the ID.3 this summer.</p><p><blockquote>对于大众和特斯拉来说，它们主导电动汽车市场的雄心取决于它们变得更像对方的能力。大众汽车需要快速升级其软件功能，而特斯拉将受益于这家德国公司每年生产数百万辆高质量汽车的能力<b>.</b>大众汽车本月早些时候宣布，第一批无线软件更新将于今年夏天交付给ID.3。</blockquote></p><p> Ives predicts that Tesla will be making 1 million cars a year in 2022, and could be approaching 5 million annually by the end of the decade.</p><p><blockquote>Ives预测，到2022年，特斯拉汽车年产量将达到100万辆，到本世纪末，年产量可能接近500万辆。</blockquote></p><p> With consumers now searching out electric cars, especially in Europe, the race between Volkswagen and Tesla will accelerate quickly. According to UBS, electric cars will make up 20% of global new vehicles sales in 2015 and 50% in 2030.</p><p><blockquote>随着消费者现在寻找电动汽车，尤其是在欧洲，大众和特斯拉之间的竞争将迅速加速。据瑞银称，2015年电动汽车将占全球新车销量的20%，2030年将占50%。</blockquote></p><p> \"We find ourselves in a new playing field — up against companies that are entering the mobility market from the world of technology,\" Diess said on Tuesday. \"Stock market players still regard the Volkswagen Group as part of the 'old auto' world. By focusing consistently on software and efficiency, we are working to change this view.\"</p><p><blockquote>迪斯周二表示：“我们发现自己处于一个新的竞争环境中——与从技术领域进入移动市场的公司竞争。”“股市参与者仍然将大众汽车集团视为‘旧汽车’世界的一部分。通过始终如一地关注软件和效率，我们正在努力改变这种看法。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/03/16/business/volkswagen-tesla/index.html\">CNN Business</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":{"TSLA":"特斯拉","VLKAY":"大众汽车"},"source_url":"https://edition.cnn.com/2021/03/16/business/volkswagen-tesla/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126006763","content_text":"London (CNN Business) - Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.\nAfter years as the undisputed king of the electric car,Tesla (TSLA) could be matched sale for sale by Volkswagen (VLKAF) as early as 2022, according to analysts at UBS, who predict that Europe's biggest carmaker will go on to sell 300,000 morebattery electric vehicles than Tesla in 2025.\nEnding Tesla's reign would be a huge milestone in Volkswagen's transformation into an electric vehicle powerhouse. Badly burned by its diesel emissions scandal in 2015, Europe's largest carmaker is investing €35 billion ($42 billion) in electric vehicles, staking its future on new technology and a dramatic shift away from fossil fuels.\n\"Tesla is not only about electric vehicles. Tesla is also very strong in software. They really run the car as a device. They are making good progress on the autonomous thing. But yes ... we are going to challenge Tesla,\" Volkswagen CEO Herbert Diess told CNN's Julia Chatterley on Tuesday.\nVolkswagen this week underscored the scale of that ambition. It said it would sell more than 2 million electric vehicles by 2025, build its own network of vast battery factories, hire 6,500 IT experts over the next five years, launch its own operating system, and become Europe's second biggest software company behindSAP (SAP).\nUBS analysts told reporters last week that investors have failed to appreciate the speed at which Volkswagen is gaining ground on Tesla, and how much money the German company stands to make by going \"all in\" on electric cars before other established carmakers includingToyota(TM)andGeneral Motors(GM). UBS has hiked its target price for Volkswagen shares by 50% to €300 ($358).\n\"We have more confidence than ever that Volkswagen will deliver the unique combination of volume growth, making them the world's largest [electric] carmaker, together with Tesla, as soon as next year, while their margins will be stable or even grow from here. That is something that is totally unappreciated,\" said UBS analyst Patrick Hummel.\nVolkswagen, which owns Porsche, Audi, Skoda and SEAT, sold 231,600 battery electric vehicles in 2020. That's less than half the number of sales Tesla made, but it represents an increase of 214% on the previous year. Rapid growth is expected to continue as Volkswagen launches 70 electric vehicles before the end of the decade. It will operate eight electric vehicle plants by 2022, producing models in nearly every segment — from small cars to SUVs and luxury sedans.\nThe global race to electric car market domination will come down to the Californian upstart and the German industrial giant, according to UBS. It predicts that Volkswagen will exceed its own goal by producing 2.6 million electric vehicles in 2025, followed by Tesla with 2.3 million. Toyota, which sold more cars than anyone else last year, ranks a distant third with 1.5 million electric sales (excluding hybrids).Hyundai Motor Group(HYMTF)andNissan(NSANF)will churn out roughly 1 million vehicles, followed by General Motors with 800,000.\nShifting into overdrive\nVolkswagen is in a better position than its rivals because of its modular production platform, or MEB. The platform, which was used to produce the ID.3, an electric compact hatchback, will allow the carmaker to quickly produce a huge number of vehicles while slashing costs.\nUBS estimates that manufacturing an ID.3 currently costs Volkswagen €4,000 ($4,770) more than producing an equivalent Golf powered by gasoline or diesel. But a sharp decline in the cost of battery packs — the single most expensive part of an electric vehicle — mean the difference in production costs will be eliminated by 2025, according to UBS.\nVolkswagen on Monday unveiled plans to open six battery-making \"gigafactories\" in Europe by 2030, with the aim of slashing the cost of its battery cells by as much as 50%. \"Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers,\" said Diess.\nThe huge scale of production at Volkswagen, which sold 9.3 million cars last year, will also help reduce costs. In addition to the MEB, the group is developing a separate platform for premium brands Audi and Porsche, allowing it to launch electric vehicles across its entire product range.\nInvestors are starting to reward the company. Shares in Volkswagen jumped 6.5% to €207 ($247) on Tuesday, bringing gains so far this year to 35%.\nWhere Tesla leads\nDespite the recent rise in its share price, Volkswagen is worth significantly less than Tesla. The market value of the challenger led by Elon Musk first overtook that of Volkswagen in January 2020, and the gap has increased dramatically since then. Volkswagen has a market capitalization of €111 billion ($133 billion), compared to $680 billion for Tesla.\nPart of the difference can be explained by Tesla's continued superiority in battery costs, software and the profitability of its electric cars. According to UBS, Tesla has \"a more sophisticated IT hardware architecture,\" and its \"software organization is on a different level.\" Volkswagen lags Tesla in autonomous driving technology by several years.\nSome investors believe that Tesla will be able to capitalize on its software advantage in a big way. In addition to delivering wireless updates to its cars — a concept the company pioneered — Tesla may soon be able to do things like charge owners a subscription fee to use its autonomous driving software. It's much closer to changing the nature of car ownership than established carmakers such as Volkswagen.\nUBS reckons that the earnings potential from software accounts for roughly two thirds, or $400 billion, of Tesla's market value.\n\"We think the lion's share of this [$400 billion in] value can be generated by software, mainly autonomous driving. With that, Tesla has the potential to become one of the most valuable software companies,\" its analysts wrote.\nThere could be setbacks along the way, however. Tesla recently expanded its \"full self-driving\" software to roughly 2,000 owners, but some drivers had their access revoked for not paying close enough attention to the road.\nDan Ives, an analyst at Wedbush Securities, said earlier this year that the electric vehicle market is \"Tesla's world and everyone else is paying rent.\" But with 150 carmakers all pursuing the same goal, Tesla will need to execute on its strategy, he added.\n\"While growth will be key, its profitability profile will be under the microscope from investors going forward to better discern how quickly Tesla can ramp its margin structure, especially with higher margin sales coming out of China over the next few years,\" said Ives.\nFor both Volkswagen and Tesla, their ambition to dominate the electric car market depends on their ability to become more like the other. Volkswagen needs to quickly upgrade its software capabilities, while Tesla would benefit from the German company's ability to churn out million upon millions of high-quality vehicles each year.Volkswagen announced earlier this month that the first wireless software updates would be delivered to the ID.3 this summer.\nIves predicts that Tesla will be making 1 million cars a year in 2022, and could be approaching 5 million annually by the end of the decade.\nWith consumers now searching out electric cars, especially in Europe, the race between Volkswagen and Tesla will accelerate quickly. According to UBS, electric cars will make up 20% of global new vehicles sales in 2015 and 50% in 2030.\n\"We find ourselves in a new playing field — up against companies that are entering the mobility market from the world of technology,\" Diess said on Tuesday. \"Stock market players still regard the Volkswagen Group as part of the 'old auto' world. By focusing consistently on software and efficiency, we are working to change this view.\"","news_type":1,"symbols_score_info":{"VLKAY":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325148651,"gmtCreate":1615881083473,"gmtModify":1703494377309,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Its time to sell&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Its time to sell&nbsp;","text":"$GameStop(GME)$Its time to sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/325148651","isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321544399,"gmtCreate":1615456232311,"gmtModify":1703489281793,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Kathie woods gotta make it fly","listText":"Kathie woods gotta make it fly","text":"Kathie woods gotta make it fly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321544399","repostId":"2118988502","repostType":4,"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323080760,"gmtCreate":1615288896350,"gmtModify":1703486808509,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>Tmr is the big day guys&nbsp;","listText":"<a href=\"https://laohu8.com/S/HOL\">$Holicity Inc(HOL)$</a>Tmr is the big day guys&nbsp;","text":"$Holicity Inc(HOL)$Tmr is the big day guys","images":[{"img":"https://static.tigerbbs.com/89ed5f1975b9dcf39c7527b00669ee11","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323080760","isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":388216100,"gmtCreate":1613057317400,"gmtModify":1703769004894,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/388216100","repostId":"2110416000","repostType":4,"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150227315,"gmtCreate":1624916495237,"gmtModify":1633947190309,"author":{"id":"3573773601619910","authorId":"3573773601619910","name":"Fatexz","avatar":"https://static.tigerbbs.com/640fd3cf67357986a0d29570688e21cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573773601619910","authorIdStr":"3573773601619910"},"themes":[],"htmlText":"Sick","listText":"Sick","text":"Sick","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150227315","repostId":"1143737614","repostType":4,"isVote":1,"tweetType":1,"viewCount":2204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}