Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He and the company have no choice the way they are burning through cash for research and to expand. Much cheaper to issue more shares than to finance with debt with rising interest rates.
Yep. Need to see real world testing.
Below $1.50 support now
Let’s see if $1.50 support holds.
I need to see real world testing of their battery to see if they can get 600 miles.
That is nothing. They are burning through cash so quickly, they will need to raise capital several times to scale manufacturing capabilities going forward. They will dilute this so bad. Hard to compete with more established EV companies.
Smart. Take some profits and don’t get too greedy.
$1.50 seems to be the resistance at the moment
Typically warrants are bad but are needed most of the time by start up companies to receive funding.
This stock is so done for the foreseeable future. Rising interest rates are going to really hurt this company as they are burning through cash.
Last one out, please don’t forget to turn off the lights. Interest rates going up going to really hurt this stock that is losing huge amounts of money and has massive amounts of negative cash flow.
Here is the bounce on high volume.
Not looking good. The biggest concern based on last Quarter’s financials is how much they are burning through cash for marketing and to grow. Too much competition with really no barriers for more companies to enter the industry.
Looks to be holding around $35. This might be the price point to hop in.
How low can this possibly go.
Yep. Let’s hope it’s DraftKings. No way DraftKings can compete with ESPN that pretty much has a monopoly on the sports industry.
Always a good sign.
The whole market has taken a beating the past couple of days which doesn’t help either. Do you think this goes lower than $35?
Haha good way to put it!
Last one turn out the lights. This was a FOMO play
It’s fighting gravity. Down it goes.
Get ready for a HUGE correction!
Company is significantly overvalued
GM already has a factory converted completely to electric. And many more to come. A lot of competition
Wait until analysts start giving $140 price targets ;) wait until rating agencies give ratings. Does this goes!!!!!!
Absolutely. Currently, this has like the second highest market next to Tesla. They are NOWHERE near Tesla at this point.
Can’t wait for this stock to come crashing back to earth. No way the company is worth this current market cap. All big car manufacturers will be competing including Ford that already has the electric Raptor.
Bingo. So much competition. The only way to compete is to continue to spend boat loads of money on marketing which is not profitable. I don’t think DraftKings can expand organically. They have to acquire another company.
Looks like $35 at this point. I can’t imagine it dipping much below that.
Looking for a $35 entry point. I would be very surprised if it dips below that.
Almost to the $30s.
Dang, not good. Honestly, doesn’t surprise me though.
Oh I’m sure that will change so shortly. I think it’s inevitable it’s going to the $30s without any major catalyst.
For sure. The amount they are spending on marketing is absurd. I will look for this to bounce in the high $30s for a dead cat bounce play.
It sounds like a great concept when you quickly think of the company. But then you look at their financials and see how much they are spending on marketing to grow organically and you wonder if the business model is sustainable. Just so much competition in the industry.
Exactly. As of right now, they appear to be focused on expanding in the US only, but I’m sure that will change eventually.
Nope, financials look very good and a ton of growth going forward.
A one time IPO related non cash expense for restricted shares. Otherwise, it would have been positive.
It’s a sinking ship at the moment. Look for in the $30s for a bounce play.