$Tesla Motors(TSLA)$ BMW has cancelled its 'Autonomous Driving' system. It is abandoning its 'Personal Pilot L3' and reverting to Level 2. Mercedes has taken the same step, and BMW also recognises that it is not capable of offering autonomous technology, but only driver assistance systems, with the two being as different as night and day.
These shares should be valued at $16 with five times sales multiple, that's the ancient market wisdom. Pre-profit tech firms deserve 5x sales ratio, yet $NIO Inc.(NIO)$ 's sitting at 0.8x with over $3B sales in three quarters.
Does anyone ever discuss the hidden value in $NIO Inc.(NIO)$ 's 3,600+ battery swap stations? These facilities continue generating value long after accounting depreciation, functioning like distributed cash printers across the country. With the ongoing expansion of the swap station network, it feels like a meticulously crafted snowball has finally passed the tipping point.
$Tesla Motors(TSLA)$ These suspicious bot accounts pushing the same old sell narrative? Rehashing the playbook of finding some washed-up hedge fund manager to fabricate short stories, then getting corporate media to amplify the FUD? No wonder credibility keeps evaporating.