Aptera (SEV) now says it needs only about $25 million to start production of its Solar EV, down from the $40 to $45 million it quoted just seven weeks ago. It’s good news on paper. But the market didn’t buy it: Aptera’s stock fell about 15% on the announcement, leaving the solar car startup with a market cap of roughly $69 million. more…
Aptera (SEV) now says it needs only about $25 million to start production of its Solar EV, down from the $40 to $45 million it quoted just seven weeks ago. It’s good news on paper. But the market didn’t buy it: Aptera’s stock fell about 15% on the announcement, leaving the solar car startup with a market cap of roughly $69 million. more…
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