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Tesla Rival Nio’s December Deliveries Slip 3.6% From November, but More Than Double From Previous Year





Xpeng Inc (NYSE: XPEV) on Saturday outshone homegrown peer Nio Inc (NYSE: NIO) for a second straight month in electric vehicle deliveries helping it speed past its ace rival for the full year volumes as well.

What Happened: The Guangzhou, China-based Xpeng delivered 16,000 electric vehicles delivered in December, a jump of 181% over last year and a rise of 2.47% over November.

In comparison, Nio managed to deliver a little over 10,000 electric vehicles in December, a decline of 3.6% over November and a year-on-year jump of 49.7%.

For the calendar year, Xpeng delivered 98,155 electric vehicles in 2021, much higher than China’s blue-eyed electric vehicle maker Nio’s 91,429 deliveries last year.

Both Xpeng and Nio successfully reached the 10,000 delivery milestone in December despite semiconductor shortages.

Excluding the month of October, when Nio delivered only 3,667 electric vehicles due to production being disrupted by a plant upgrade, December would have been a fourth straight month of over 10,000 electric vehicle deliveries for the maker of sports utility vehicles and sedans.

The monthly delivery split for the Shanghai-headquartered Nio was 2,782 six-seater and seven-seater ES8 SUVs, 4,939 five-seater ES6s and 2,768 five-seater EC6 coupe models.

For Xpeng, which currently sells only three models, the split was 7,459 P7 smart sports sedans, 5,030 P5 smart family sedans and 3,511 G3 and G3i smart SUVs.

Smashes Q4 Expectations: Xpeng delivered 41,751 electric vehicles in the fourth quarter, a jump of 222% year-over-year, smashing its own expectations of between 34,500 and 36,500 electric vehicles

In contrast, during the fourth quarter ending Dec. 31 Nio deliveries rose 44.3% year-over-year to 25,034 electric vehicles.

See Also: Li Auto Tops Rival Nio In November, Posting Record Monthly Deliveries At 13,485 EVs

Why It Matters: Xpeng’s back-to-back deliveries in the past three months has helped it closed the year on a high note. Just last month, Xpeng bolted ahead of local rivals Nio and Li Auto Inc (NASDAQ: LI) in monthly deliveries.

The development also follows China’s plan to cut subsidies on new energy vehicles by 30% this year.

China had earlier said NEV subsidies are expected to decline each year by 10%, 20% and 30%, from 2020-2022.

Notwithstanding, sales for Nio and rivals including Xpeng Inc (NYSE: XPEV), Li Auto Inc (NASDAQ: LI) are expected to continue rising as the Chinese EV makers compete with global electric vehicle leader Tesla Inc (NASDAQ: TSLA).

Nio had earlier this month said it is waiving off the current subsidy amount for buyers who place orders this year but only receive deliveries in 2022.

See Also: Nio To Waive Off Subsidy Amount To Buyers Who Book Vehicles Before Year-End

Xpeng followed up with a similar move last week, offering those who make deposits before midnight on January 10, 2022, to continue to enjoy 2021’s high subsidies.

Price Action: Nio shares closed 2.3% lower at $31.7 a share on Friday.

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Will You Sell Your Dogecoin If It Reaches $0.50 (Again) in 2022? Over 75% Say…





Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to Benzinga visitors: Will you sell your Dogecoin (CRYPTO: DOGE) if it reaches $0.50 in 2022?

Since early 2021, it’s no secret Dogecoin’s price has risen or fallen in sympathy with both the price of Bitcoin (CRYPTO: BTC) and tweets by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. Heavy support for Dogecoin, by Musk, might give the meme crypto a shot at reaching $0.50 in 2022.

Back on May 8, 2021, Dogecoin reached an all-time high of $0.7376 in anticipation of Musk’s appearance on Saturday Night Live. The meme crypto is since trading lower by 81.7%. 

Here are the full results from this week’s survey:

Yes, I will sell my Dogecoin if it reaches $0.50: 75.3%
No, I will not sell my Dogecoin if it reaches $0.50: 24.7%

This sentiment study was conducted amid another active week of trading, which saw the meme cryptocurrency fall by over 28%.

At the time of publication, Dogecoin was trading around $0.1338, down 11.2% in the past 24 hours.

See Also: Dogecoin Vs. Shiba Inu

This survey was conducted by Benzinga in January 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.


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Apple Poised to Outperform Expectations in December Quarter, Analyst Says: How Will Shares React?





Notwithstanding supply constraints, an analyst at Morgan Stanley is positive about Apple Inc.’s (NASDAQ:AAPL) December quarter performance.

The Apple Analyst: Morgan Stanley analyst Katy Huberty has an Overweight rating and a $200 price target for Apple shares.

The Apple Thesis: Cupertino is likely to post upside to Street forecasts for the December quarter and guide to a relatively in-line March quarter, thanks to improving iPhone production into year-end and modest Services outperformance, Huberty said in a note. Since hitting a low on Oct. 4, Apple’s shares are up 19%, suggesting the December quarter upside is largely priced in, she added.

The analyst models December quarter revenues of $122.3 billion, a 41.9% gross margin and $1.97 per share in earnings. Apple’s management will likely shed light on its active device and iPhone installed base, the analyst said.

Among products, Apple may have shipped 83 million units of iPhones, 7.6 million units of Macs and 14.9 million units of iPads, Huberty said. The analyst estimates total product revenues of $103.1 billion, which is above the consensus estimate of $100.3 billion.

Services revenue is likely to come in at $19.2 billion, also above the consensus estimate of $18.6 billion, Huberty said. The upside is due to stronger-than-expected App Store performance and Apple’s Licensing & Other segment, she added.

Given the sustained presence of COVID-19, management is unlikely to offer a revenue guidance range for the March quarter and instead will likely provide commentary on segment growth trends, she noted.

Related Link: Apple Becomes First Company To Top $3 Trillion Market Cap; Analyst Says Rally Has Further Legs

Apple shares have underperformed thus far in January after December’s outperformance, the analyst said. Apple is expected to release the iPhone SE3 in April/May this year, the iPhone 14 in Fall 2022 and a mixed reality headset in 2023, Huberty noted.

Morgan Stanley said it would be a buyer on any weakness post-earnings, as it views Apple as a more “defensive/quality outperformer” in challenging markets. The company’s 1.65 billion+ installed base with high loyalty/retention rates, underweight institutional positioning, along with strong capital returns and the tendency for it to outperform ahead of product cycles make the firm positive on Apple stock, Morgan Stanley noted.

AAPL Price Action: Apple shares were down 2.10% to $162.41 at market close Friday.

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Bitcoin May Be Plunging Hard, but Look Who’s Buying the Dip





The sell-off seen in the crypto space is continuing into the weekend, and Bitcoin (CRYPTO: BTC), the apex crypto, is no exception. Bitcoin-backer and El Salvador President Nayib Bukele, unsurprisingly, is seeing the weakness as a buying opportunity.

What Happened: Bukele said in a late Friday tweet that the country has purchased an additional 410 Bitcoins for $15 million, the nation now holds over 1,500 BTC. The president also suggested that some current sellers are liquidating at throwaway prices.

The tweet was in reply to his own Jan. 14 tweet, in which Bukele indicated that he might have missed the dip at the time.

The tweet elicited mixed responses. One Twitter user said Bukele wasted over $36,500 per Bitcoin and suggested that if the president wants to make bad bets on Bitcoin, he should be doing so with his own money. He challenged Bukele to disclose his personal Bitcoin holdings.

Meanwhile, another user supported the Bitcoin purchase and said the president is seeing the big picture, while others don’t understand Bitcoin is a long-term asset.

Related Link: Bitcoin Slips Below Crucial $40K Level, Taking Ethereum, Dogecoin Down With It: US Treasuries, Russia, Outflows And More That’s Weighing

Why It’s Important: After seeing a downtrend since hitting a high in early November, Bitcoin has come under further pressure in the new year. Since the start of the year, the apex currency has lost over 20%, implying it is sinking further into bear market territory.

El Salvador has the distinction of being the first country to adopt Bitcoin as legal tender, alongside the U.S. dollar, on Sep. 7, 2021.

At the time, Bukele reasoned the move would spur investment in the country and come in handy for 70% of its citizens, who don’t have access to traditional financial services. The country has also made plans to build a Bitcoin city, financing the construction by the issuance of a $1 billion Bitcoin Bond.

BTC’s trajectory in the near- to midterm will determine the success of the country’s Bitcoin strategy and whether Bukele will be vindicated. At last check, Bitcoin was seen down 7.56% in the past 24 hours to $35,486.19.

Related Link: How to Buy Bitcoin

Photo: Courtesy Blockzeit CH on Flickr


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