$NIO Inc.(NIO)$ market cap a laughable and absurd 11B, 1x current PS and .5 forward PS, $XPeng Inc.(XPEV)$ with half the sales and margin same market cap, and doesn’t have NIOs baas network and moat with 8 massive tech and royalty agreements in place, no largest charging station network in China, no Onvo brand with swappable battery about toput Xpeng and $Li Auto(LI)$ out of business, no international expansion etc. Li Auto hybrid 🤡 has 31B market cap not to mention $Tesla Motors(TSLA)$ absurd 842B market cap. On top of this, NIO has donk HFs with 200M trapped borrowed shares and sits barely above