NIO Q1 2021 Best ever Earnings Report in so many waysQ1 NIO Earnings Nailed it in ever sense Revenues were RMB 8 Billion whilst DB were looking for RMB 7.4 BillionGross Margins were 21.2% when DB was looking for 17.4%EPS loss was 4 cents when DB was looking for 14 cents lossOn Revenues, GMs, EPS NIO beat the whole set of Analysts by a Mile!SGA was down 1% whilst Sales were UP 15.5% courtesy of largest referral base for new businessControlled R&D and SG&A, despite super growth highlight super efficiencyHefei Govt made good money selling back stock to NIO which they can put into NeoPark Cash went up from $6.3 Billion to $7.3 Billion & HK listing will take it over $10 Billion. Millions in China Region will love the NIO story after HK Listing KISS Calculation indicate Additional Profits from Sale of 100 kWh Battery is over RMB 50,000 rather than RMB 41,000 I was projecting Higher Profit of 100 kWh battery means per kWh cost on new Cobalt Free Battery is well below industry averages NIO may be making additional huge 17% Gross Margin when they sell EV with 100 kWh Battery My estimate is that 4600 100 kWh Batteries were sold by NIO in Q1 2021 which improved Gross Margins by 4%. William Li talked of increasing 100 kWh Battery Production in June / July which means that there may be further Gross Margin Improvement even in Q2 IF CATL can provide sufficient 100 kWh Batteries to New & Existing Customers there is a clear path to 30% Vehicle Gross Margins by Q3 or Q4 2021 Gross Margins for ET7 may be well over 40% Not a Financial Advisor nor an Auto Analyst BUT I do believe that ALL Auto Analyst will need to redo their NIO Spread Sheets after these blockbuster NIO earnings JMHO DYODDNotes from userSell.Nio is forecasting for parts shortage. The market is forward pricing. At this pace, the stock price must fall. $NIO, NIO Inc. / H1