The NIO share started the new stock market week with a discount of almost two percent. At the close of trading in Frankfurt on Monday, the shares of the Chinese Tesla challenger were trading at 41.88 euros. As a reminder: During the course of last Thursday, the NIO share was still trading at 46.70 euros, so it has lost around ten percent in value since then. However, this cannot be due to the latest sales figures.
NIO sets sales record
As NIO announced on Thursday, the up-and-coming company set a new sales record in June: the Chinese company sold 8,083 electric cars, more than ever before in a single month. Compared to the same month last year, this also represented growth of 116.1 percent.
According to elektroautonews.de, deliveries detailed included 1,498 units of the NIO ES8, the brand’s 7-seat electric SUV flagship, 3,755 units of the ES6 midsize SUV and 2,830 units of the EC6 SUV coupe. By June 30, 2021, cumulative deliveries thus reached 117,597 e-vehicles, according to the manufacturer. Of those, NIO delivered 21,896 vehicles in the three months from April to June 2021 alone, setting a new quarterly record and representing a year-over-year increase of 111.9 percent, according to the report.
NIO stock rallied only briefly
The fact that NIO initially rose to the aforementioned 46.70 euros on the day of the announcement after a previous day’s closing price of 44.20 euros therefore came as little surprise. It was more surprising that investors’ confidence lasted only for such a short time, with the NIO share falling back to 42.40 euros on the same day. It is possible that the positive figures had long since been priced into the share price; in any case, the shares are now trading even lower. The truth is, however, that NIO is still up by around ten percent on a weekly basis. The premium from the past month is even more than twice as high.