NIO
PGJ
The good-vibes trade
Nio shares popped in premarket as the market leaned risk-on and the company kept feeding the bulls exactly what they wanted: better deliveries. When the broader tape is green and your sales engine is still accelerating, you don’t need a miracle — just a decent excuse to keep buying.
Why people are paying attention
CEO William Li used the China EV 100 forum in Beijing to basically say, “Yep, we still like our 40% to 50% full-year delivery growth target.” That sounds like corporate mumbo jumbo until you realize the company already posted 98.3% year-over-year delivery growth in Q1 and March deliveries jumped 136% to 35,486 vehicles. In other words: the math is doing a lot of the talking.
The ES8 is still the star of the show, with the third-gen model logging 16,255 March sales and hitting 90,000 cumulative deliveries in 195 days. That’s not just a flashy stat; it suggests demand is sticking and production is keeping up enough to matter. For an EV name, that’s the dream scenario — fewer “trust the vision” slides, more actual cars rolling off the line.
What this means for your stock-watching brain
The shares are also sitting above the 20-day and 100-day moving averages, which is trader-speak for “the trend is behaving.” Add in a June 2 earnings date on the horizon, and you’ve got a stock that’s being carried by momentum now but still needs the next report to prove this isn’t just a sugar rush.
Big picture: Nio is looking less like a broken EV story and more like a comeback candidate — but the market is still going to demand receipts.