> avoid the same fate as other EV startups, like recently bankrupt Arrival.
Talking about other EV startups, I wonder how much longer Aptera can remain in a state somewhere in between not having gone bankrupt and not having started production yet. They do seem to be forever inching closer toward the latter [1].
According to their CFO who authorized the CEO to make the statement (kind of a big deal for legal reasons) aptera makes breakeven by making 6k cars a year, so they have 7 years number of preorders. Even assuming a low preorder execution rate at like 20% it seems like they will be good to go.
Talking about other EV startups, I wonder how much longer Aptera can remain in a state somewhere in between not having gone bankrupt and not having started production yet. They do seem to be forever inching closer toward the latter [1].
[1] https://electrek.co/2024/04/01/aptera-showcase-solar-ev-tech...