There is a huge difference between dumping shares for personal gains and management paying for their services and growing development. It is inevitable for a fast growing start-up to manage all sorts of financing in order to develop its business. There will be debt financing in the future too, so the temporary dilution will stop, and certainly when they selling cars like they're doing right now.
Very soon they will be announcing dealerships & franchises and than the cash will be flowing in.
These current financing activities are causing dilution, but for a small fast growing company is 129mil still very reasonable. It is impossible for a start-up without profit to continue operations without funding and it is impossible to obtain loans when there is no profit. The company's survival depends on venture capital, it was the same thing for Microsoft, IBM, Apple and all others... The one which is not comfortable with this kind of system should invest in a blue chip which do not dilute it's float and which pays dividends ... but whose title is unlikely to increase by 1000% in the future...
If you sell now you do it with a loss so its better to hold and to accumelate on these dips for what the future will bring.
Take your advantage at these bottom prices and if you are a holder its not wise to shoot in your own foot, if you know what I mean...
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