Earnings season continues this week with EV makers NIO and Rivian. By looking at Tesla’s recent trajectory, one might be able to understand the EV sector’s growth better.
After weeks of strict lockdown measures, China’s electric vehicle sector is returning to business-as-usual. The latest figures reveal significant sales growth, albeit lower than might have been expected were productivity not limited by COVID-19 and supply chain problems.
Several Chinese EV firms, as well as American sector leader Tesla, have made impressive numbers of vehicle deliveries over 2022’s first quarter. These accomplishments come despite continuing production and supply chain issues facing the global economy.
Nike, NIO, and Adobe are set to release their quarterly earnings reports this week. Traders may get a better handle on how these firms dealt with a complex market atmosphere following this week’s earnings calls.
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