Here's a fact: although I don't think much of SMIC,

its stock price rose from 60 to 90 in less than a month from September to October.

Similarly, if CEO Lei wants to manage market capitalization, increase the delivery rate of Xiaomi cars (since some people indeed use the car down payment to buy stocks first) and secure new orders, and more importantly, to crush short sellers and boost the confidence of Xiaomi employees and fans, he knows what to do. He has many cards up his sleeve. Moreover, he realizes that most of those who still firmly hold Xiaomi stocks are true fans (though some who bought at high prices and are not steadfast have temporarily turned into Xiaomi haters—they haven’t cut their losses only because they’re trapped).

After lying low for so long, it’s time for CEO Lei to go all out—show the real strength of Xiaomi in car safety, autonomous driving, AI, chips, and robotics. I still hold my previous view: if Xiaomi wants, it can easily push the stock price to around 70 or even higher by year-end. But if it doesn’t want to for now, that’s fine too—I’ll stick with it to the end. The only time I’ll sell Xiaomi is when CEO Lei retires or is no longer the legal representative. Respect.