Assuming the cash component of the infusion was done at a fair value then all is good (the stock offering will be done at market).
One of the things I know we ALL love is the wow factor that goes with owning one of these rare vehicles. However, I worry about that exclusivity in terms of its impact on company long term success.
With mathematically infinite ROI, word-of-mouth and owner testimonials is some of the best marketing possible. However, the price point of even the Pure still locks out fairly well-heeled buyers. And I’m not sure who the Sapphire is really targeting. I know of only two reservations in the DC Metro Area. So the highest end isn’t going to do it and the low-end - where sales volume generates base absorption- is exhibiting slower than expected uptake, I’m hearing that the company is banking on Gravity. We all have read, however, that the SUV EV market has softened considerably.
I care about two things: service convenience and vehicle sustainment (including continued investment in updates); and (2) compatible electric charging infrastructure. The latter will likely be supported by ramped production of lower end NON Tesla vehicles. However, it would be nice to pull into a WaWa and charge at a Tesla Supercharger!