Apr. 2 at 6:38 AM
$WRD What changed? Tony mentioned how extremely undervalued WRD is more times in this one Bloomberg discussion than he has in all his prior comments combined by a multiple of 10.
Reasons for the valuation mismatch could be:
-10K taxis by 2030 and 100K taxis by 2034 is 4 to 8 years away.
-WeRide 2,600 units by YE vs 5,0000 for WAYMO.
-WeRide >1,000 taxis today vs >3,000 for WAYMO. -WeRide is in 12 countries. WAYMO is in 10 cities.
-Can WePilot get enough OEM to do 500K-1MM units in 2026?
-Can WeRide get last mile delivery companies to buy 5,000 vans this year?
-Taxis and sweeps are slow growth models. WeRide needs mass.
One week ago WRD needed a 170% gain to reach its IPO. WRD needs 103% gain today hit that now.
Did the Board and/or large institutional holders light a fire under Tony to change WRD or get fired? Is Tony tired of losing this badly or does Tony understand he can't take our money and obliterate it any longer?
Whatever the reason I am happy it started.
https://stkt.co/hniqDqwA