Lightning eMotors Inc (ZEVY)

[uksausage]

the production numbers are good - getting to one a day and well over that by the end of the year. They suggest that supply chain issues are addressed - with an associated increase in inventory of course.

I am worried that nearly half they production wasn't booked as revenue due to customer financing issues. The IRA should help that with ITC incentives for class 6 vehicles. I wonder if people were delaying hoping for a credit if they take delivery in the fall.

They have a huge R&D budget as well. Since they seem to be standardizing on certain frames and markets I would have expect that to fall

I got the impression that they can choose which orders to fulfil which may help them both in getting revenues and having godo reference customers - the Silicon Valley employee shuttles for instance.

Not expecting big movement in price but not worried either.