Nov. 19 at 3:44 PM
$WRD Investors need to be careful here...
WeRide (WRD) faces major risks in late 2025:
Persistent losses & negative cash flow; Q1 2025 revenue up only 1.8%, some quarters flat/declining
High cash burn, thin reserves (
$256M vs
$1.2B liabilities), likely future dilution
Widely seen as overvalued; stock down ~48% YTD, multiple sharp drops post-earnings/HK IPO
Scalability unproven, margins lag peers, business model hard to grasp
Regulatory/safety hurdles slow deployment; AV incidents hurt sentiment
Heavy competition (
$PONY.AI,
Waymo) and partner dependence limit control
Geopolitical risk as Chinese firm with US/HK listings
Founder 3-yr lock-up limits flexibility
Bottom line: tech is strong, but profitability is distant, execution risk high, valuation leaves no margin of safety. High-volatility speculative play; most analysts say Sell.