Right. Nio. (NIO +4.63%). Electric vehicles. They make them. Sedans, SUVs, the usual. Closed Monday at $5.29, up a touch. And honestly, it’s not the cars themselves that are interesting, it’s the battery swapping. A million swaps over Lunar New Year. A million! Which, let’s be real, is a lot of batteries. Investors are watching this, naturally. Because recurring revenue is sexy. Subscription models? Even sexier. It’s a bit like a particularly lucrative addiction, isn’t it? You get them hooked on swapping, and the money just…keeps coming. Though, frankly, I’m slightly concerned about the logistics of that many batteries. Where do they put them all? It’s a question I’m choosing to avoid.
Trading volume was 52 million shares. Which is…a lot. More than usual. About 15% more, actually. It’s all very…energetic. Nio IPO’d in 2018, which feels like a lifetime ago in this market. Down 20% since then. Honestly, a bit of a mess, isn’t it? But hey, who isn’t?
How the Markets Decided to Behave Today
The S&P 500 (^GSPC 1.04%) took a little tumble, down 1.01% to 6,840. The Nasdaq Composite (^IXIC 1.13%) wasn’t feeling much better, slipping 1.13% to 22,627. Growth stocks were lagging. It’s like they collectively decided Monday wasn’t their day. Tesla (TSLA 3.02%) closed at $399.83, down 2.91%. Rivian Automotive (RIVN 2.13%) finished at $14.96, down 2.03%. A general air of…disappointment, really. I suspect someone had a bad breakfast.
What This Means (If Anything) For Investors
So, Nio and its million battery swaps. It reinforces their network, apparently. Boosts investor confidence. Which is nice. Look, I’m not saying it’s a magical solution, but it’s certainly…something. It’s a bit like a really good concealer – it doesn’t fix the underlying problems, but it makes everything look a little less disastrous.
The U.S.-listed shares are up, which is predictable. Everyone loves a good record. And the confidence that fourth-quarter deliveries might continue to be…decent. They’re expecting their first adjusted operational profit. Which is…a start. Honestly, I’ve seen more promising things in my fridge after a week-long holiday. But hey, let’s be optimistic, shall we? It’s a surprisingly exhausting habit.
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2026-02-24 01:33