Beyond the Hype: Why Robo.ai's Acquisition of Jidu Actually Reduces Risk
Foreword: Put Away the Champagne, Open ExcelWhile the market revels in the sensational headlines of Robo.ai $Robo.ai Inc(AIIO)$ acquiring Jidu (the Jiyue brand), as an analyst who trusts only data, I care little for grand narratives about "dreams." I care about only one thing: How does this transaction change the denominator in my DCF (Discounted Cash Flow) model—specifically, the Weighted Average Cost of Capital (WACC)?The conclusion is cold and counter-intuitive: This merger does not increase "Integration Risk" as retail investors fear; on the contrary, it is the single greatest "Risk Reducer" in Robo.ai's corporate lifecycle.Based on the latest asset injection information, I have lowered AIIO's Beta coefficient from a high-growth tech 2.5 to 1.