$WeRide(WRD.US) has barely moved; the US stock target for Robotaxi has been lying in a box range for over a month.

The commercialization pace of autonomous driving hasn't worsened—the number of cities opened and per-vehicle operational data are proceeding as planned. It's just that capital markets' patience for "burning cash to gain mileage" is being consumed quarter by quarter.

The industry doesn't lack progress; it lacks a timeline for translating that progress into revenue. Will you position yourself before the next license announcement, or wait for mass production orders to land? I'd prefer to wait—the opportunity cost of a sideways stock is greater than imagined. It's not too late to enter on the day the catalyst lands 🙃