This is no longer getting the same jumps with every news release.
Maybe the market is getting wise.
Who cares about signing partnerships with gum companies to add 3 vehicles.
If they have 23,000 orders for Solo on the books, any new deals are meaningless until they can prove they can actually produce a quality car in commercial quantities.
they set themselves the lofty goal of producing 50 by Mar 31 from the factory in China, and it looks like they fell way short of that target.
If they are still struggling to produce 1 a day, how on earth can they commit to have 5,000 built by the end of the year, and 25,000 built next year? They only have cash deposits for 962 Solos, so how long will the mystery buyers of of the other 22,000 on order wait?
The Tofino is now years behind schedule, so the supposed $2 Billion worth of orders for it have to be discounted. As it is, they officially only have deposits for 66 of them ($3.3M worth) so the security of the remaining $2B in orders has to be questioned now.
Like the Solo orders "secured" with a non-binding LOC, just how long will these mysterious buyers wait for their Tofinos before they go elsewhere?
the more I think about this, the more I have to wonder, why does a company that has enough orders to fill years worth of deliveries, need to invest in showrooms offering test drives of their products? Dont they just need a simple facility in which to transition from import to delivery?
