It is pretty much range bound until the market corrects the market cap(which is EXTREMELY HIGH). This will move downward soon enough. The EV sector will have to cool down at some point. Just because 1 out of 10 EV companies are good doesn’t mean the entire sector should be on fire. Oil will be around for many years. This company especially has absolutely nothing to sell. They had to get a 35 mil loan last year which conversions are being made on, and another 70 million loan just to stay afloat. Now it has a 1.5 billion market cap? For what filling our credit apps? They don’t have revenue to pay off the loans. The shares will be converted and drive the price down like we are seeing now. When people start selling that’s when panic will occur.
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