May. 8 at 11:26 AM
$WRD WeRide bought back spending
$60MM on buybacks on both the the US and HK exchanges since March.
$60MM would have paid for 1,700 more robotaxi at
$35K per. Instead they bought back shares starting when Tony told Bloomberg in March that WRD was undervalued agansit WAYMO by 40X. It's more ikely 45X.
Tony told us that was so wrong so he started buying back shares. He spent 60% of 2025 total revenue on buybacks over 7 weeks. Is he mad or is he right about that 45X valuation gap?
Lenovo, Geely, WePilot, robosweeps order, Slovakia order and much more supports the undervalued case. Wall Street seems to disagree without the clarity from the company on how that happens at WeRide but is not happening to any other AV company like that.
A very unique circumstance for sure. WeRide put a lot of money on the outcome they foresee that Wall Street does not see. Who is right? Stay tuned. Tune in. The outcome should be clear in Q3.
