A lawsuit coming from investors? For what? The stock not going the way you want it or the not giving updates the when or how you want?
Kevin Bowen
Posts (165)
Just under a half a mill in loss… they lose about $33K per vehicle now! Good news is I don’t think anyone ever expected them to come out of the first year in production profitable.
They sure don’t mess around. Imagine living in YOUR home and someone coming and telling you to pack you stuff and get out!! ?
Let’s remember, these articles are only from just under 60 days ago when they stated they are still on track. Something catastrophic would have had to happen for it to fall off. We still have almost 90 days left for them to achieve their commitment. That’s a lot of time and nothing really surprising or unexpected happened in the last 60 days. Well there was avoiding a RS. Likely because they continue to be on pace to achieve their goal.
No reason to be nervous unless you’re gambling with money you need tomorrow
Funny to hear people call this a “Biden market”. You do realize that the market is a overall higher levels now than ever before with the previous administration.
This is definitely not one I’m willing to run away from! Their number of cars on the road are increasing daily at a good pace. They are expanding production, they are working on expanding product offering, delivery vans, amazon 17%, reducing costs significantly at each report, growing revenue.
To a long term investor like myself, this feels like short term opportunity for significant long term gain.
If you haven’t been in or driven one, I suggest you schedule a test drive so you can see what you are investing in.
Good luck!
I don’t think they would be more in the media if they were close. Don’t come and tell me you almost made it, tell me when you’ve actually made it. Almost opens the door for A LOT more criticism. You can look at what’s happening all around them and make a pretty clear assumption that they are close. If what’s already out there doesn’t give you an indication they are very close, them coming out and saying they are very close won’t either.
It’s interesting how people blame Biden for their inability to make money in the market. What makes it more interesting is how the market as a whole is also at higher levels than ever under previous administration.
This is all the info I’ve needed!!