{"id":43005,"date":"2023-08-01T09:01:59","date_gmt":"2023-08-01T13:01:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/huge-delivery-numbers-from-nio-li-and-xpeng-are-good-for-tesla-stock\/"},"modified":"2023-08-01T09:02:02","modified_gmt":"2023-08-01T13:02:02","slug":"huge-delivery-numbers-from-nio-li-and-xpeng-are-good-for-tesla-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=43005","title":{"rendered":"Huge Delivery Numbers From, NIO, Li, and XPeng Are Good for Tesla Stock"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000707360\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That\u2019s a positive for<br \/>\n        Tesla<span>,<\/span><\/p>\n<p>        BYD<span>,<\/span><br \/>\n       and other auto makers selling battery-powered vehicles in the world\u2019s largest new car market.  <\/p>\n<p>Chinese EV makers<br \/>\n        NIO<br \/>\n       (ticker:<br \/>\n        NIO<br \/>\n      ),<br \/>\n        XPeng<br \/>\n       (XPEV), and<br \/>\n        Li Auto<br \/>\n       (LI) on Tuesday reported combined deliveries in July of 65,604 vehicles. That\u2019s a record and up more than 100% year over year.  <\/p>\n<div class=\"paywall\">\n<p>\n        Li Auto<br \/>\n      \u00a0delivered 34,134 cars in July, a record for the company, up from 32,575 delivered in June, and up from 10,422 delivered in July 2022. This year, Li has delivered 173,251 units, up 145% from the 70,825 delivered in the first seven months of 2022.  <\/p>\n<p>NIO delivered 20,462 cars in July, also a record for the company, up from 10,707 delivered in June and up from 10,052 delivered in July 2022. Year to date, NIO has delivered 75,023 units, up 23% from the 60,879 delivered in the first seven months of 2022.  <\/p>\n<p>\n        XPeng<br \/>\n      \u00a0delivered 11,008 cars in July, up from 8,620 delivered in June and down from 11,524 delivered in July 2022. XPeng has delivered 52,443 units in 2023, down from 80,507 delivered in the first seven months of 2022. <\/p>\n<p>XPeng posted the weakest delivery numbers of the three, but coming into Tuesday\u2019s trading session its shares have risen about 50% over the past month. Rebounding deliveries are only part of the reason why. XPeng also announced an investment from, and partnership with,<br \/>\n        Volkswagen<br \/>\n       (VOW3.Germany) on July 25. The stock has risen about 36% since then. <\/p>\n<p>NIO shares have also been strong, up about 52% over the past month. NIO announced a strategic investment coming from CYVN on July 12. Shares have jumped about 42% since then. <\/p>\n<p>Li stock has gained about 18% over the past month.<\/p>\n<p>NIO shares were down about 0.3% in early trading Tuesday, and XPeng shares rose about 0.1%. Li shares gained about 2.3% while<br \/>\n        S&amp;P 500<br \/>\n       and<br \/>\n        Nasdaq Composite<br \/>\n       futures fell about 0.3% and 0.4%, respectively. <\/p>\n<p>\n        Tesla<br \/>\n       stock was down about 0.7% in premarket trading. It doesn\u2019t appear that the Chinese delivery figures are impacting the stock, but they should be good enough to avoid any disappointment. To be sure, competitors doing well can also mean losing market share, but investors likely will see strong sales in China as a sign of a healthy market. Through June, about 2.5 million all-battery electric vehicles were sold in China, up about 30% year over year. <\/p>\n<p>Tesla is the largest EV seller in the world and the second largest EV seller in China, behind BYD (1211.Hong Kong). <\/p>\n<p>Write to Al Root at\u00a0allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/nio-li-auto-xpeng-tesla-stock-eeb6a5a4?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That\u2019s a positive for Tesla, BYD, and other auto makers selling battery-powered vehicles in the world\u2019s largest new car market. Chinese EV makers NIO (ticker: NIO ), XPeng (XPEV), and Li Auto (LI) on Tuesday reported combined deliveries in July of 65,604 vehicles. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-43005","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Huge Delivery Numbers From, NIO, Li, and XPeng Are Good for Tesla Stock | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Early results for Chinese electric-vehicle deliveries have been released. They were excellent. 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