The stock dipped to a low of 26 cents a share two afternoons ago, almost touching the all time low of 20 cents that it hit in December.
But yesterday it went up 20% and we are hoping that it wasn’t just a temporary issue and drops once again.
We’ve been riding this stock for many years and the supplier is barely scraping by, but they began building cars. We know that they are going to make it in the long run so we will just keep holding and sitting on it like a mother hen. The HVAC systems in the vehicles are second to none and a nice selling point. However, the local supplier that sells the cars in the neighborhood is not getting many orders because of the high price tag. They’re selling the cars for $250K, which to us seems like it is way too much for a luxury SUV. But they must know something that we don’t know because why would they sell them for so much if not? Our cooling tech friend is going to buy one of the vehicles just so she can feel the air conditioner in the thing, which sounds totally bonkers to us but who are we to judge? We would like a ride in one of the vehicles to feel the acceleration, as the cars go from 0 to 60 in under 2.5 seconds, which is quite fast for an electric car. We would like to feel the heating and cooling system too, but we are more into the speed of the cars.