MemberAugust 27, 2021 at 7:10 am
I sure hope it isn’t 2024, I’ll have lost interest by then. They need to start shipping something next year, maybe a couple of hundred units, and then be in mass production by 2023. They have some things going for them, the car is made of plastic so they won’t need a paint shop. They also aren’t planning on a high level of automation which will simplify setting up the factory. Finally their volumes are never going to be huge, maybe 500 to a 1000 a month when they are at peak production. But of course they have to have a completed product and they aren’t there yet and they need a factory and they haven’t picked a location for that either although the first few hundred could come out of their current facility. Finally in terms of getting one, divide your reservation position by 4, it they are lucky they’ll get a 25% conversion rate on the reservations. The reservation fee is only $100, that’s not commitment money it’s “that might be interesting” money.