- NIO Inc (NYSE:NIO) clocked a 27.5% decrease year-over-year in vehicle delivery for October 2021.
- The company delivered a total of 3,667 vehicles, impacted by a reduction in production volume due to restructuring of manufacturing lines and certain supply chain volatilities.
- The deliveries in October consisted of 218 ES8s, the company’s six-seater or seven-seater flagship premium smart electric SUV, 2,528 ES6s, the five-seater high-smart electric SUV, and 921 EC6s, the five-seater smart electric coupe SUV.
- Cumulative deliveries of the ES8, ES6, and EC6 reached 145,703 vehicles as of October 31, 2021.
- Price Action: NIO shares are trading lower by 3.58% at $38 in premarket on the last check Monday.
B. Riley Securities Maintains Neutral on Tri Pointe Homes, Lowers Price Target to $17
B. Riley Securities analyst Alex Rygiel maintains Tri Pointe Homes (NYSE:TPH) with a Neutral and lowers the price target from $20 to $17.
