$RIDE These guys basically figured out that if they slow production to a standstill they can save money, drag things out, and get paid longer. Hightower said they havent even hard tooled the factory and don’t have the money to. Need to raise 75mil this year and more in 2023. JV plans being “discussed” but none active. The only reason expenses are down is because they aren’t building anything. Once they start cash burn will ramp up again. Folks this was not bullish. That’s why I was perplexed by the price action. But makes sense now, MMs just taking candy from babies.
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