RE:Lordstown Motors files for bankruptcy$170 million was not going to do much for Lordstown Motors which is why Foxconn said no. The receivers will end up deciding whether or not to proceed with the lawsuit. Good luck with that.....
Mr. Market is putting the EV market in the doghouse for a while. Too many players, too much cash needed, too long to production.
Unfortunately, EXRO is being tarred with the same brush. As stated previously, I have lowered my expecations on EXRO market value significantly on a 2, 3 and 5 year basis.
I do not expect any real price appreciation until some VERY LARGE OEM supplier decides to license the technology for internal manufacturing. Any such agreement MUST be accompanied by some real CASH up front too. Anything less would be an admission that the tech isn't "MUST HAVE".
Absent that, EXRO will not be able to capture meaningful marketshare in time and will be relegated to the sidelines.
Great technology does not guarantee success!
Happy to be proven wrong, but I think we've all seen this movie before.