indeed, hence they will raise at year end post driver out/early into 27 hopefully into strength, but this is fairly standard for a company at this stage
AUR would also run out of cash in a year or less and will be diluting
the thesis is:
* they are behind AUR
* they are not 17x behind AUR in value
* the product verifiably works, and there is no evidence it is an inferior product
* they are successfully commercialising
* their trucks on the road in 27 will not be far behind AUR
* they have a clear path to scale and success and are priced as a basket case