I'm baffled at this. The stock is shooting up 20% in spite of blatantly giving lip service to investors and missing every single target that would have shown they're actually scaling up production. So far they've:
- Missed revenue estimates
- Increased spending and debt exponentially
- Produced only 1/10th of their estimated yearly production in 5 months
- Have only delivered half of their produced vehicles, 1,100 total
And now a recall was just issued for 500 of their shipped vehicles, or almost 50% of their delivered inventory from this year. And that's 500 vehicles produced over 7 months, 2% of their projected manufacturing this year. Who the actual fuck is believing anything this company puts out? Anyone who's seen their quarterly report should be running for the hills.
Leave a Reply