Is Aptera in trouble

Aptera Community Aptera Discussions Is Aptera in trouble

Aptera Community Aptera Discussions Is Aptera in trouble

  • Is Aptera in trouble

     John Voules updated 3 weeks, 6 days ago 12 Members · 14 Posts
  • michael Kruse

    Member
    October 31, 2022 at 9:58 pm

    Here is why I ask:

    1. The recent CFO resignation

    2. Aptera in need of about $25 million

    3. Crippling inflation

    4. Supply chain issues

    5. Chip shortages

    I really want our dreams to happen, but I am concerned.

    Please make me feel better.

  • David Marlow

    Member
    November 1, 2022 at 3:21 am

    Feel better, while all companies have some problems, Aptera seams to be on track to over come their road blocks.

    They are promising an announcement that is coming soon, will answer a lot of questions.

  • Eric Caldwell

    Member
    November 1, 2022 at 3:48 am

    Well, they were planning to raise $50m in stock sales in the current offering. Since then, they were awarded a grant of around $22m and have a non-binding stock purchase offer for another $21m. That’s $43m before we start talking about the smaller individual investors. On the surface, that sounds very promising.

    There could be some supply chain issues, but the deals with Maxeon, EVE, and Elaphe means that the key items (solar, battery, propulsion) are sourced. Their dedication to lean manufacturing should serve them well as far as having fewer parts to source and more flexibility to get them in place.

    At this point, I see more reasons to be hopeful than not.

  • Ray Holan

    Moderator
    November 1, 2022 at 5:28 am

    Michael, the questions you pose are solid. It’s prudent for us Aptera fans to examine the entire landscape and not just drink the Kool-Aid. Personally, I remain optimistic despite the challenges. Reviewing the progress of the last two years I see slow and steady product development resulting in a reservation queue of some 30K+ prospective owners. This makes a strong argument for future funding and a reason to expect final production will come to pass.

  • Russell Fauver

    Member
    November 1, 2022 at 6:38 am

    1. The recent CFO resignation

    That is a little disappointing. She seemed like she was very well qualified and I thought she was a great asset for the company.

    2. Aptera in need of about $25 million

    Funding does not look like an issue.

    3. Crippling inflation

    It is what it is, we all have to live through the negative effects of our government’s reckless spending.

    4. Supply chain issues

    Now here is something that impresses me about the Aptera team! These guys are starting up with with two assembly lines in mind. One is a low volume production line the other is full production. Their low volume production line can be started up on a limited budget and with limited supplies. The other can be built out as revenue from sales, investors, IPO, etc. comes in.

    5. Chip shortages

    Common to all manufacturers. Having a flexible production line helps minimize the negative cost effects of sporadic supply.

    Over all I think Aptera has a good chance of starting up at least a limited production run in 2023. Provided the world’s political leaders don’t continue their trend toward chaos and press their red ‘distruct’ buttons.

  • Joshua Rosen

    Member
    November 1, 2022 at 7:03 am

    Read the front cover of your Hitchhikers Guide, “DON’T PANIC”.

    There is no indication that there is anything wrong. The resignation of the CFO is not a reflection on the company, it was just a personnel issue.

  • Chris

    Administrator
    November 1, 2022 at 11:06 am

    Aptera has a world-class finance team who is committed to ensuring Aptera is in a strong financial position for the future. With the recent milestone of our solar panels beginning production, our Gamma reveal and continued work on finalizing our Delta vehicle, we couldn’t be more optimistic about Aptera’s future. We can’t wait to share more announcements and supply agreements in the coming months.

    With growth, often comes change. The team wants to assure you that we haven’t lost momentum and we’re closer to meeting our goals than ever before. Thank you for being part of our movement and for your dedication to this paradigm shift.

    • This reply was modified 4 weeks ago by  Chris.
  • Michael Kahlow

    Member
    November 1, 2022 at 12:27 pm

    Is Aptera in trouble?

    Possibly. I’m guessing that the employees are kinda stressed right now trying to get this thing designed and out to market.

    Whether or not the vehicle is something I’ll buy (gotta drive it first!), I figure that my $70 I’ve laid out is a pretty small investment, along with a vote of confidence in the concept. That’s less than a night out for two.

    I don’t lose any sleep over it. That’s the job for others (see “employees” above).

    • John Voules

      Member
      November 1, 2022 at 12:43 pm

      Also, your $70 is refundable. It is not an investment and is kept separate from the funds APTERA is using to develop and manufacture. If at anytime, even if they go belly up, you can receive your initial reservation deposit back. So no worries for you, only the investors.

  • Dennis Swaney

    Member
    November 1, 2022 at 3:19 pm

    Yep, his “statement” is all fluff and no content.

  • Steven G. Bueche

    Member
    November 2, 2022 at 4:54 am

    “We can’t wait to tell you about,…” Then tell us already. This market speak is pissin me off. lol

    What goals are he talking about? What anything? How hard is it to address our concerns, their changes or the current situation with gamma or Delta? Why no functional belly pan this late in the non-production timeline? What is the production timeline? Why do I keep getting the feeling when these statements come out that I’m the horse chasing a carrot on the stick?

  • John Voules

    Member
    November 2, 2022 at 7:13 am

    We are all anxiously waiting. I personally am trying my best to find calmness as APTERA is hitting the home stretch. Every bit of news is being over evaluated and is assumed as being negative. Even if there are some new hurtles presented, it is not something that would halt the progress of the company. There is a strong momentum and the final push to present Delta will happen…I don’t believe anyone doubts that! We are all trying to read into something that we ourselves admit we don’t have enough information to actually truly have a strong assessment.

    We were all in awe when we finally got the reveal of Gama. The expectation that was built up from there is adding to the frenzy for getting to the final product. What we say or do at this point has little to no effect on what the final product will be. Any possible problem or issue that APTERA maybe experiencing will be or has been addressed. Trust in the company, including its management, engineers and all its employees is what I personally am very comfortable with. What we do know, funding for the completion of the APTERA and the ability to start manufacturing is there.

    We have experienced several management imposed deadlines not meant. Oh my god, why is anyone so surprised? Problems always arise with startups, let alone a company that is producing a vehicle that will take on the automobile/mobility sector by storm. It will be hard to initially convince the public that 3 wheels is a safe option for the masses. This maybe the toughest hurdle that APTERA needs to address. This is reason enough for management not to have a faulty product at launch. We will be making an uphill battle even more difficult. So a strong balance of getting it right and let’s enter the market as soon as possible needs to be established….my faith is in APTERA’s management.

  • Jonah Jorgenson

    Member
    November 2, 2022 at 7:45 am

    You have enough business acumen to know if Aptera gave such favorable conditions to the new investor (To get only 21M) that they are not well financially and could not get the financing they need for production through normal capital acquisition channels.

    Why the diatribe through rose colored glasses?

  • John Voules

    Member
    November 2, 2022 at 8:03 am

    As a company…you do what you need to progress. Funding is just that, you find and fulfill to get to the next step. The new investor purchased at what APTERA decided for all, the price of each individual share. For me that is already a win. Not sure where you are getting “ favorable conditions” from. APTERA’s management is still in control and have a free hand to make decisions and follow the path that they want to take. Jonah, not sure if your investment monetarily is greater or lesser than mine…either way, we do not have a seat on the non existing board. Our investment is based on faith alone, personally I am holding off further investment until I see the Delta (in a timely matter) and get concrete timeline on everything else.

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