Look, I like the look of many of Ford’s newest vehicles — Mustang E-Mach, Bronco, and Maverick — but I don’t get the difference between the two companies’ valuations.The Bottom LineIn the first nine months of 2021 through Sep. 30, Nio’s capital expenditures were $371 million. Annualize that, and it’s $494 million. So it’s got plenty of cash in reserve to handle a $1 billion buyback.At current prices — and assuming a 25% premium for moving the sto