Saleen needs to sell between 85-90 Tuned
Vehicles per month just to break-even based
on how much they spend every month. This
assumes that they make $10K per vehicle gross margin
which we know is not proven. (The White Label Mustang
cost more than the sale price so the Break-Even
is even higher than 90 cars).
Saleen is selling an average of 9 cars per month.
Every time Saleen poops out a car they take a bunch
of pictures of it and blast it all over the internet as
if they did something extraordinary.
Saleen still shows no increase in there inventory .
How can anyone say they are going to build more cars
when the inventory is going DOWN?
How can Saleen announce that they added four new models
(Titanium, Sport, Platinum, NFS Ltd) and the inventory
goes DOWN?
How can Saleen buy the inventory they would
need to Tune more cars with no cash in the bank and
no secured financing?
This parade of photographs, PR announced events and
continued blasting of false and hyped information is just
a bunch of deceptive PR to try and lift the stock price.
Saleen can only Fail. There is zero possibility of ever
achieving break-even. Saleen spends 9X their revenue
and the gross margin is negative. That means Saleeb has no
clue of how much it cost to produce a Saleen vehicle and they have
no clue on what their pricing needs to be to generate profit.
This is Steve's legacy. He will take a car and spend $5K
just on the paint job (Berrylium Mustang)and put $50K of content into it, advertise
the crap out it and then use it for a display car and never sell it.
Or sell it at a loss.
Saleen is not a real business. It's Steve's Garage and Hobby
Shack.
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