Recently, major domestic new energy autos manufacturers $BYD Company ADR (BYDDY.US)$、 $NIO Inc (NIO.US)$、 $XPeng (XPEV.US)$、 $Li Auto (LI.US)$successively released sales data for September. From the data of these companies, it can be seen that the current domestic new energy autos market is still very promising, and the manufacturers' sales of new energy autos are still booming. However, looking at their stock prices in the secondary market, it is no longer as hot as the sales data, and the only thing felt is endless chill.
In the third quarter of this year, BYD's stock price plummeted over 24%, NIO Inc.'s US shares fell over 27%, Hong Kong shares fell over 29%, XPeng's US shares fell over 62%, Hong Kong shares fell over 63%, Li Auto's US shares fell over 39%, Hong Kong shares fell over 40%. Lixiang's stock price, which has only been listed for 6 trading days, has already been halved.
With such good actual sales data, why is the stock price performance so poor?
(1) Continuous losses in financial reports have caused investors to lose confidence.
From the financial data perspective, since the second quarter of 2020, Nio Inc has accumulated losses of nearly 11 billion, Xpeng has accumulated losses exceeding 11.2 billion, li auto has accumulated losses of nearly 1 billion.The three major emerging new energy vehicle companies have accumulated losses of over 23 billion since the second quarter of 2020!
At the end of August, 'Stock God' Buffett has reduced his shareholding in BYD multiple times, sending a signal to the market: the new energy autos are now at the 'be fearful when others are greedy' moment.
At the beginning of September, Li Auto's Vice President Shen Yanan...