Friday, January 13, 2023 10:49:08 AM
With Foxconn as their partner, they should have more than enough resources to continue executing their plan. With this stock down more than 95% (from their all-time high), all outstanding risk should already be priced in. I believe RIDE has bottomed, and the returns for this stock, from this stock price, will be several hundred percent in the next 6 months, and several thousand percent in the next 5 years.
Present value of future licensing revenue from the motor-in-hub technology may very well be worth more than the current market cap of this company.
As always, simply my opinion.
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