A Strategic Move While the homework should have been done prior to acquiring, unloading DMEVS may very well be the move that saves them. As several have commented here this whole industry is predicated on a rollout of vehicles, charging stations, electric grid availability and component mining that is in sync. That assumption is in no way connected to reality.
The following as posted on CBC is an update on just one more problem as presented by Consumer Reports: Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years encountered nearly 80 per cent more problems than vehicles propelled by internal combustion engines.
Consumer Reports said EV owners most frequently reported troubles with battery and charging systems and flaws in how the vehicles' body panels and interior parts fit together. It noted that EV manufacturers are still learning to construct completely new power systems, and suggested that, as they do, the overall reliability of electric vehicles should improve.
"This story is really one of growing pains," said Jake Fisher, senior director of auto testing at Consumer Reports. "It's a story of just working out the bugs and the kinks of new technology."
Still, Consumer Reports said that lingering concerns about reliability will likely add to the issues that give many buyers pause when considering a switch to the new technology, joining concerns about higher costs, too few charging stations and long charging times.
The only other but important issue related to this move is that a portion of the deal involved acquiring shares of GBLC. While they may have more time in Human Resources to devote to EVS they are fighting the same challenges as DM. As such their sp is unlikely to move substantially in the near to medium terms. So this deal involving shares and monetary incentives will have no positive (or negative for that matter) impact on DM.
Can they market AI? This should be a no brainer and almost impossible to screw up. Yes, and the sp will easily climb. No, and the DM doldrums will persist indefinitely. Having operational cash for 12 months should provide a bit of a buffer in the meantime.
GLTE!!!