[Retric]

They manufacture EV’s, that is like 98% of the way to a grid storage company.

This kind of diversification makes a lot of sense for EV manufacturers because they can scale battery production without concern for how in demand their cars will be. Actually making significant money isn’t particularly important compared to simply minimizing risks.

[keymon-o]

Manufacturing EVs is something they have yet to prove themselves in. AFAIK and not sure how many orders/sales they have but not many vehicles were made and delivered.

They have a lot of money to spend and expand due to huge investments, but only thing they successfully sell is technology and products as third party supplier.

Their only announcements are how they are expanding business and investing in the future, but rarely any news of valuable partnerships, dominating the market and exceeding at certain field.

I am very supportive of this company, but there is less and less good news, and more and more optimistic promises being made.

[Strom]

> rarely any news of valuable partnerships, dominating the market and exceeding at certain field.

The partnership with Porsche/Bugatti is quite valuable. They also dominate/exceed in terms of car performance, if not sales.

You're making it sound like they're just another Nikola with a lot of investment and only empty promises. In reality they have real products and real manufacturing, impressive results, and giant partnerships.

[xracy]

Looked really hard, on their website. They have a really nicely designed website and it was really difficult to find out how to buy a thing from them. That has all the hallmarks of vapor hardware. It looks like they have actually made one of their cars, and that other people have driven it.

That's a long way off from any kind of regular manufacturing for EVs

[jacooper]

I mean, there is no buy button on Ferraris website either. They are a s supercar manufacturer.

[xracy]

Yup, but I've seen a Ferrari. I've never even heard of this company before this article.

[Retric]

They are part of a larger company has a more well known brand, Bugatti. This is the electric half of the company but it’s still focused on ultra wealthy customers.

[keymon-o]

Porsche/Bugatti ‘partnership’ was actually a large investment venture and major restructuring of the company into multiple subsidaries with a complex ownership and hierarchy. I’ll be convinced it’s valuable when something of value comes out of that venture.

On the contrary, I am not bringing their internal mindset and intentions into question at all, as I do posses some non-public details on how the company operates internally. Afterall, I mentioned in a few places, I sincerely root for that company.

However, relying on a fastest EV badge for 10 years and making some sales is not nearly enough for company of that size to take on another hit and wait project. And public data they release year after year consisting of promises and plans, but ‘keeping’ success stories, achievements and breakthroughts for themselves is enough to know it’s not a good sign.

Investors will wait for their ROI only for so long.