RE:RE:RE:Lordstown Motors files for bankruptcyMoemoney42 wrote: Agreed, just like the dot com era, there will be those with real business plans that will succeed and the weak plans/technologies will drop off the radar.. I do think EXRO has the goods.. it all boils down to execution now.. IMO, the only way the EV transition will really gain traction and speed of acceptance, is by the ability of long range, better torgue/speed ratios to become standard equipment in all vehicles big and small, 2 wheel, for wheel, etc.. At this point I'd say EXRO's horse in the race has a real good chance of being one of the successes at the end of the race.. IMO.. SIMPLICITI1 wrote: $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.
I too believe Exro has the goods but I worry that they lack a real closer to get us over the goal line . Is anyone else concerned that the shareprice hasn't gotten back to the financing price ? All should be much clearer in the next 6 months .