$NIO Inc.(NIO)$ ’s stock at 3.36?That’s cheaper than a ∗batteryswap∗coupon! Sure, bear shy pervent late over China’s EV price wars, but∗∗493B last year, but 41.9B in cash∗∗means NIO could literally buy as mallmoon (or just fund∗more∗ONVO mass−market EVs). At 0.8x P/S,it’s priced for extinction, but∗∗6.60 analyst targets and India’s EV thirst say “hold my charging cable.”

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