Jul. 16 at 9:25 AM
$WRD the valuation gaps of AV:
$100B WAYMO
$41B APOLLO GO
$2.75B PONY
$1.8B WERIDE
The craziest is TELSA Robotaxi with its valuation range of
$422B to
$735B.
Only PONY+WeRide report AV as a standalone. If the others broke out their AV business I think their valuations would be much lower.
In March Tony said WRD is 40X undervalued to WAYMO. It's 55X undervalued now. As an owner in WRD I wish he was right about that.
Tony was wrong to say what he said bcs he did not show how or explain why. Q1 rev of
$16.5MM missed its
$17MM est. Product rev was only
$3MM from 12 countries, WePilot, UBER+GRAB and more.
Tony said he has the numbers to show/prove profitability and sustainability but he won't say what they are. WRD showed that Q1 did not prove him out. Can Q2 do that?
WeRide should be a powerhouse. It has enough cash to run a few years and prove itself. Perhaps it all clicks at the same time soon?
Tony knows what's going on but Wall Street does not. That's what WRD says. We need bigger numbers.
