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The stock trades at just 2.4 times sales -- a steep discount to Tesla's current valuation. There are some good reasons for this that we'll discuss in the next section.
Data source: Nio press releases. Image source: Author. In December, the company delivered 31,138 vehicles, a staggering 73% jump over the prior-year's result and a new monthly record for Nio.
According to Cox Automotive’s Kelly Blue Book (KBB), EV sales jumped 11% year over year to just over 346,000 new EVs sold. KBB also said that EV sales rose 5% compared to Q2. KBB also said that ...
The qualified plug-in electric vehicle credit phases out for a plug-in manufacturer over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying plug-in vehicles from that manufacturer have been sold for use in the U.S. Cumulative sales started counting sales after December ...
The Motley Fool's in-house research arm points out that a little over half of the United States' 69,632 electric vehicle charging stations use ChargePoint's tech, which will work for nearly any ...
Cumulative plug-in electric car sales in California compared to the world's top-selling countries and regional markets as of December 2021.. The stock of plug-in electric vehicles in California is the largest in the United States, and as of December 2023, cumulative plug-in car registrations in the state since 2010 totaled 1.77 million units.
For example, the stock currently trades at over 15 times sales. Toyota presently generates higher gross profit margins than Tesla, but trades at a price-to-sales multiple (P/S) of less than 1.
The other reason EV stock prices matter: Chart of the Week. Ethan Wolff-Mann. ... Rivian is down 89% since its 2021 IPO as Tesla and Ford are up 1,253% and 22%, respectively, over the last five ...