sub
Well-Known Member
I can see it continuing to drop a bit more, but I don't see how it could possibly fall that low.But this is a bit scarey...
From a bit of googling, the cash they raised during the IPO comes out to a bit over $13 per share. For the price to drop to $10-$15 range, you would have to value everything else they own (equipment/materials/factory/preorders and IP ) as worth 0.
Predicting $10-$15 per share in the near future is predicting that someone will scoop them up and liquidate. We aren't getting our cars if it drops that low.
Sponsored