Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

Nice display and analysis of the Gross Margin. My theories are:
1. Saleen is discounting the price and shipping cars to Florida to sell them at Naples Auto Sport so the average price per vehicle is going down as freight cost goes up,

2. Saleen is selling the White versions of Saleen which sell for less than $40K and there is very little if any margin on that version of Saleen.

3. The supply chain is raising their prices because Saleen is a COD customer who orders in very small quantities. Probably orders parts in lots but only pays for them one at a time so the vendors end up holding inventory .

4. Saleen is broke so the vendors fear getting stuck with special ordered custom parts and most of them have been burned by Steve in the past.

These comments are my opinion . Invest based on your own research and conclusions .