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Tuesday, September 22, 2020 11:53:45 AM
We simply do not know BUT if it were with NKLA, why would NOTHING come of it ? It may take a bit to sort out but GM signed a deal with Nikola and they have the means to get through this. I'm pretty sure that GM will be in the EV marketplace and since trucks are very good sellers and TerraVis is an excellent system, then ya can't simply say that the deal is squelched.
Again, my valuation ignored it to drive home an important point.
I don't think 5.5 from Atlis is outlandish, then 4ish from #2 partner, plus regular revs of $1 - 1.5 = $11M ish
Do the math...a 3x multiple is $33M at even 82M o/s by then = PPS should be 40 cents ! The TerraVis will be their FLAGSHIP product inside of 1 year from now. Profit margins will be HIGHER and for every 5 soft cover sales, they only need 1 TerraVis to make (actually) a little more in revs and margin. Mr. Market has lost that point IMO
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