$NIO Inc.(NIO)$ Market cap around $7.5B, available liquidity around $8.4B, TTM revenue around $17B, and P/S around 0.45x. Meanwhile $Tesla Motors(TSLA)$ trades around 14x sales.
NIO arguably builds better-looking, more luxurious cars and SUVs, grows faster, and the market basically values the whole company below its cash pile.
At this point, are investors buying an EV company or is NIO giving away the cars for free with the cash?
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Current price few ppl buy but if can go back up to $6 then more ppl will buy.
It's a funny world but we're living in it.
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