They had to get a huge infusion of cash with the IPO, plus at the rate they're going, I don't think the 20% increase is really going to impact their bottom line as they are making so few vehicles to begin with. Even if they get 10,000 out this year, which seems like a stretch, at a $15k increase, that's "only" $150 million?
The only things that make sense is the vehicles were priced low to begin with relative to the market, and they are such a small player they couldn't/didn't hedge properly and they don't have any leverage over materials and suppliers?
The only things that make sense is the vehicles were priced low to begin with relative to the market, and they are such a small player they couldn't/didn't hedge properly and they don't have any leverage over materials and suppliers?
