Sep. 12 at 6:07 PM
$DIDIY volume too low today to break
$7 unless a 30 minutes huge volume rally before close.
In fact would no be surprised to see it going lower monday....
But who cares?
Uber is at
$200B market cap and Didi at
$32B
A few years long we were whining at
$2... Then
$3... Then
$4..... Then
$5.... Then
$6..... Now
$7.
Knowing that when Didi IPOed in 2021 at
$14, analists estimates for 2022 were around
$33
This year, Chinese indexes are climbing.
Reminder...To launch 10.000 robotaxies, main thing is....make sure that as many as possible things are fully automated, especially daily charging, cleaning, parking, maintenance. Inside cleaning...I think that s still need humans.
In my calculations about how many robotax by 2030/2035 I did some estimates on Didi robotaxies in Brazil and Mexico. But that was a lot of guessing. So the GAC/Didi Brazil news was what I needed.
Cheers