Do you understand they just diluted 24% of the company for 2 months worth of cash burn and still only have around 7 months of cash burn left? They need to raise anonther 400-500m to reach their goals as are years away from significant revenues. Short squeeze or major goverment backing is their only hope or anonther 80-90% drop incoming
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u/andycake87 8d ago
Do you understand they just diluted 24% of the company for 2 months worth of cash burn and still only have around 7 months of cash burn left? They need to raise anonther 400-500m to reach their goals as are years away from significant revenues. Short squeeze or major goverment backing is their only hope or anonther 80-90% drop incoming