NU Ride Inc (NRDE)

[Benwahsauce]

Also let’s do some basic math:

500 trucks at 100k is 50,000,000 in revs.

(Not sure what the final number is so I shot high)

50mm now needs to cover loans, labor, materials/supplies, insurance, legal, etc.

Labor for building vehicles alone is astronomical….this is why GM had issues in the past and needed to be bailed out.

I don’t see 50mm (even if that’s the number on high side) covering all expenses….
If you don’t believe me then look at competitors…Tesla has yet to turn a profit with the vehicles and it’s been over a decade now.

my honest opinion. They got a deal from a SPAC and then sold out. Like legitimately Took the money and ran. Then left the company to rot which is why Foxconn came in thinking it would be easy turnover then finding out this operation was designed to sell the idea during a time when electric vehicles were hot ticket items. Now with REAL economic issues growing (inflation almost double digits) they know people will
Not be buying new cars.

A lot of my money for auto sector went into auto parts and secondary retailers as I think it’s going to be a time when people start fixing and holding vehicles since it’s now more expensive to finance them at these rates and pricing.