Nio Production, Suez Canal, WeWork SPAC, Xpeng Autonomy (Stock Market News)

In today's stock market news we talk about the Nio production halted, the Suez Canal blockage, WeWork public via a SPAC and XPeng's autonomous driving. No sub yet? No prob:
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Today's stock market news:
NIO stock
Nio is halting their production in one of their manufacturing plants for five working days.
The reason is the current semiconductor shortage.
The company now expects to deliver 19.500 vehicles in Q1.

SPY
The container ship in the Suez Canal is blocking 400 million dollars of goods per hour.
It could take days or even weeks to clear the passage.
Other container ships waiting in line might go all the way around Africa instead.

BOWX stock
WeWork is going public through a merger with the BOWX SPAC.
The company is valued at 9 billion dollars including debt.
WeWork is an office-sharing startup that lost 3.2 billion dollars last year.

XPEV stock
And XPeng has shared results from their real-world autonomous driving.
Human intervention was needed in just 0.65 times per 100 kilometers.
Analysts say complete autonomous urban driving could be achieved in 2023.

Sources:
https://seekingalpha.com/news/3676661-nio-halts-production-lowers-vehicle-delivery-outlook
https://www.nu.nl/economie/6124192/schip-in-suezkanaal-zou-per-uur-400-miljoen-dollar-aan-handel-blokkeren.html
https://finance.yahoo.com/news/wework-agrees-blank-check-merger-103113899.html
https://finance.yahoo.com/news/xpeng-posts-results-real-world-205336387.html

DISCLAIMER
Nesami provides this video for informational purposes only. None of the information within this video should be interpreted as investment, financial or other advice. The information is of a general nature and does not take into account the circumstances of any particular individual. You alone are responsible for evaluating the benefits and risks associated with the use of any information within this video. Nesami cannot be held liable for any claim for damages arising from any decision you make based on the information within this video.

Tags: Nio production halted, NIO stock, semiconductor shortage, Suez Canal, WeWork SPAC, BOWX stock, XPEV stock, Xpeng autonomous driving, autonomous driving human intervention, stock news, stock market news, stock o'clock, investing news, finance news

Hashtags: #shorts #Nio #SuezCanal #WeWork #SPAC #BOWX #Xpeng #AutonomousDriving #stocks #stockmarket #investing

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Видео Nio Production, Suez Canal, WeWork SPAC, Xpeng Autonomy (Stock Market News) канала Nesami – Smart Investing