May be true, but it's also 2024, not 1980, the days of piles of physical paperwork are pretty much done. Everything is digital. I'd say it would be more suspicious if he did have a bunch of random papers laid out. Also possible that's not even his office, he may work from home most of the time and they just wanted him there for the stream to answer questions. It's all speculation, can't just latch on to irrelevant details to fit your narrative lol.
My random thoughts on the video: 1. Steve/AOC is learning from one of the best (Chris Anthony) in how to say many words without actually passing along any knowledge. 2. Who is CFO Tom and how long has he been with Aptera? He certainly isn't listed at this time on the website. I didn't see the name Tom in any of the SEC filings. They do have 30 full-time employees and 26 part-time employees as of 2024/06/20. 3. Projections of how many vehicles they could sell is meaningless if they can't even build one silly PI trike since April. 4. Blake has a little dog. Whatever. 5. They have no useful news for us regarding USCG other than give it two months. 6. Steve/AOC has so far avoided responding to all comments about the flatbed truck following the Alpha trike. His last video was on Maxeon's financial condition, so it remains to be seen if he returns to the livestream video for additional comments. Other things on my mind: 1. According to their latest annual report Aptera's income for the previous year is -54,606,000.00. The previous year's income was -82,728,000.00. How will 6000 vehicles put them in positive cashflow? 2. Aptera's lease for the warehouse expires in late 2026. 3. It remains to be seen if a 77,000 sq. ft. facility is capable of assembling 20,000 vehicles per year. What will their quality be? How many of the pre-orders become actual sales? 4. Assuming this company goes public with an IPO launch, will this company ever turn a profit or will it be another NASDAQ pump and dump stock? 5. After watching this company flounder around for multiple years, I'm just here for the train wreck to come as they attempt going into production.
The business model is not to go into production, the way it works is you promise production will happen, and raise huge sums of money for that promise. Once you go into production the business model falls apart.
@@namenotshown9277 Chris A and Steve F would never lie to us about not building the trike. It is going into production on-time starting in early 2025! All Superfans
Does anyone else remember the ambassador stating that the heat from the in wheel motors will help keep snow and ice from packing into the wheel pants? How is it gonna work now I wonder.
I have heard this before, but I don't know who originally said it or even if it is true. An observation I have is the wheel covers set so close to the wheel that it certainly limits the range of tire sizes. They probably can't fit snow tires in there. Deep snow would be an issue as well with the covers over the wheels.
@@JoeBManco It's speculation until it's tested on the PI's, but don't hang your hat on that happening. Hub motors can be sufficiently cooled if the radiator sending the coolant to them is as normal as most cars have, but Aptera doesn't have a proper radiator, so they will likely fry (but the batteries will fry first). There is insufficient opening directly facing the direction of motion on Aptera. It amounts to none at all. The only place air can enter is past the wipers - a backward turn, and the wind tunnel video shows none goes down there.
Here is the plan, land the investment bank, install the cfo and board, get the board to kick Chris and Steve out with a big severance so they can cash out and claim victimhood. Then Aptera can fail and they can save face and stay rich😉. Rinse and repeat
Blake and Chris have really bad body language. They both look very nervous. At least Steve comes across as more confident. So they got that going for them. At least we know that in 4 weeks, the money comes flowing in. I'm really looking forward to August with the driving Pi's, big money and today is when they release the mid year crash data. I bet it's so good that there's no need to talk about it. Then, it's now less than a year before they start production. That is awesome and exciting! Go Aptera Go - - GAG
Did Chris A or Steve F actually give a date on when to expect crash data? I must have missed that. 10 months from now when the first customers get their Aptera trikes is going to be world altering. They will be driving so fast past us that it will be literally blink and you'll miss it.
@@JoeBManco they don't have a PI that could be crash tested. They won't crash test anyway, no legal requirement - they'll just say "carbon fibre is used in F1" and "we've got air bags" and that'll be it.
@@billsmith5960 yes, the nervous body language is evident. Chris may have that under control but the way he speaks gives him away - the inflection in his voice as he tries to sound casual while lying ,you can hear it with every answer he gives.
@@bluetoad2668 Anyone who can think for a few seconds can see through the carbon fiber and airbags excuse. What I'm about to say will come as no surprise to you. F1 cars and this trike is not an apples to apples comparison. Air bags will never be as good as a 5-point restraint coupled with head and neck restraints. Finally F1 cars have roll cages. They're not relying on carbon fiber to protect the driver. For F1 the advantage of carbon fiber is shape and weight.
Couple of notes. Chris's comment about sarbane oxley compliance is odd because Aptera notes in their filing that as long as they remain under 1 billion in revenue they will not be subject to sarbane oxley compliance. In other words he is just saying big words to sound impressive when he knows its not true. Tom, the supposed CFO, is not listed in any recent filing and only Chris is listed as CFO. 6000 a year is 500 a month. They burn almost three million a month producing nothing. That would require $6000 profit per vehicle for a company that produces nothing at all. So it is not hard to understand their costs will easily double if not triple which pushes that profit requirement up as well. Aptera fans just ignore math because it is not convenient. I see zero chance for the ATVM loan because in the last decade no money has gone to building cars. All loans have gone to fund the production of components needed to support EV production namely battery plants and semi conductors.
I would love to see an actual cost breakdown of the $35K they expect for their initial customer vehicles. How much of that cost is vendor parts? How much is freight? How much is assembly labor and overhead? Burning through three million per month checks out based on last year's loss of 55 million. The previous year's loss of 83 million must have included money spent on tooling, building Gamma, and whatever testing they did with it and Beta. They are going to burn through many millions more in the coming months, should they actually build 10 PI vehicles. The 4.8 million they raised during June only buys them enough time for the USCG money to roll in. The 65 million they seek from USCG only would help buy them another year of existence. It isn't enough money to pay vendors to send them parts or pay for factory tooling to build customer vehicles.
@@JoeBManco Important $values. The problem is USCG (not the Coast Guard!) are pros and will not buy into obvious deadend. I don't see the owners chosing liability for business loan unless they plan to use IP as collateral and walk away when there isn't another month of $200K/yr salary available. They don't know how to build the trike they market and the market will not be willing to pay true price. Arcimoto is their path and they are less competent than Arcimoto.
@@artsmith103 I am having a hard time seeing how their IP has much collateral value. One patent is for the shape of the vehicle. All another vehicle company has to do is make their shape different dimensionally and that problem is solved. The second patent is for belly skin cooling that doesn't work. The third patent is turning the solar cells 45 degrees, which is only helpful when used with the fourth patent, the laminated glass process. They have other pending patents, that might be more valuable, but I don't know what they are. I suspect those patents are about the shape of lights, software widgets, the knock-knock latch design, wheel cover design, and the like. I suspect if this trike ever does make it to production, they won't be able to make it profitable. There will be many production delays as they wait for parts and training assembly mechanics won't go according to plan. They may not even build the nearly 1000 vehicles that Arcimoto made.
@@JoeBManco Agree 100%. If I was USCG, I wouldn't even have an initial proposal meeting with Aptera. How dare the owners pay themselves $200K/yr from donations without borrowing necessary money they are responsible for to finish quickly and accurately!? AOC released a chat today about ethics of soliciting donations while secretly, knowingly changing product specs. Fanboy crowd is getting restless....
@@aussieideasman8498 That #1 Accelerator @ $4 mil donation (sorry, but it was) should get a chase truck. - What's the chase truck's equivalent kWh/mile? - Did he/she get their Double-Double? - How many metric tons of CO2 has Aptera et al produced to date? - How many Aptera units have to replace an average ICE vehicle to break even on CO2 overall at "the average American driving distance of 31 miles?" In a year? In 10 years? In ever?
@@aussieideasman8498 it's a variation of the classic pyramid except they aren't paying existing investors with new investors money, rather they are using (some) of the money to attract new investors with prototypes, promises and videos. The key difference being that it's not illegal, just immoral
Whenever I see am empty desk, no papers or anything, it usually means nothing much is happening in that work space.
No curtains is also a sign.
May be true, but it's also 2024, not 1980, the days of piles of physical paperwork are pretty much done. Everything is digital. I'd say it would be more suspicious if he did have a bunch of random papers laid out. Also possible that's not even his office, he may work from home most of the time and they just wanted him there for the stream to answer questions. It's all speculation, can't just latch on to irrelevant details to fit your narrative lol.
@@emilioparrilla465 We can for the entertainment value. Sure, everything is in the computer - and so is your Aptera; nowhere else, lol.
My random thoughts on the video:
1. Steve/AOC is learning from one of the best (Chris Anthony) in how to say many words without actually passing along any knowledge.
2. Who is CFO Tom and how long has he been with Aptera? He certainly isn't listed at this time on the website. I didn't see the name Tom in any of the SEC filings. They do have 30 full-time employees and 26 part-time employees as of 2024/06/20.
3. Projections of how many vehicles they could sell is meaningless if they can't even build one silly PI trike since April.
4. Blake has a little dog. Whatever.
5. They have no useful news for us regarding USCG other than give it two months.
6. Steve/AOC has so far avoided responding to all comments about the flatbed truck following the Alpha trike. His last video was on Maxeon's financial condition, so it remains to be seen if he returns to the livestream video for additional comments.
Other things on my mind:
1. According to their latest annual report Aptera's income for the previous year is -54,606,000.00. The previous year's income was -82,728,000.00. How will 6000 vehicles put them in positive cashflow?
2. Aptera's lease for the warehouse expires in late 2026.
3. It remains to be seen if a 77,000 sq. ft. facility is capable of assembling 20,000 vehicles per year. What will their quality be? How many of the pre-orders become actual sales?
4. Assuming this company goes public with an IPO launch, will this company ever turn a profit or will it be another NASDAQ pump and dump stock?
5. After watching this company flounder around for multiple years, I'm just here for the train wreck to come as they attempt going into production.
The business model is not to go into production, the way it works is you promise production will happen, and raise huge sums of money for that promise. Once you go into production the business model falls apart.
@@namenotshown9277 Chris A and Steve F would never lie to us about not building the trike. It is going into production on-time starting in early 2025!
All Superfans
Tom is Blake’s dog.
@@bobhellman8676 Maybe it is just me, but I expect some of the employees to just be cardboard standees and those wacky waving tube guys.
@@bobhellman8676 Ha Ha! And Blake is definitely henpecked, lol.
Test message, my comments will not post on this channel
I see it.
I am seeing your message as well.
RUclips has been doing strange things in recent years. Try clicking Newest for comment sorting, then look for your post or reply.
Thanks everyone, yeah I tried for several days and it wouldn't post. Was missing out on the fun.
Does anyone else remember the ambassador stating that the heat from the in wheel motors will help keep snow and ice from packing into the wheel pants? How is it gonna work now I wonder.
The silly trikes will probably go up like Roman candles and the snow will melt in a fifty foot radius, lol.
I have heard this before, but I don't know who originally said it or even if it is true. An observation I have is the wheel covers set so close to the wheel that it certainly limits the range of tire sizes. They probably can't fit snow tires in there. Deep snow would be an issue as well with the covers over the wheels.
@@JoeBManco Many said it, including Bruce baby.
@@aussieideasman8498 Thanks. Is it more speculation or is there any truth to it? I wonder how hot hub motors actually get.
@@JoeBManco It's speculation until it's tested on the PI's, but don't hang your hat on that happening. Hub motors can be sufficiently cooled if the radiator sending the coolant to them is as normal as most cars have, but Aptera doesn't have a proper radiator, so they will likely fry (but the batteries will fry first). There is insufficient opening directly facing the direction of motion on Aptera. It amounts to none at all. The only place air can enter is past the wipers - a backward turn, and the wind tunnel video shows none goes down there.
Here is the plan, land the investment bank, install the cfo and board, get the board to kick Chris and Steve out with a big severance so they can cash out and claim victimhood. Then Aptera can fail and they can save face and stay rich😉. Rinse and repeat
That sounds similar to what Chris A and Steve F did with Aptera 1.
@@JoeBManco Except there is more than a severance pay both times?
@@aussieideasman8498 I'm sure there could be some Cayman Islands bank accounts involved. (This speculation is for entertainment purposes only.)
Blake and Chris have really bad body language. They both look very nervous. At least Steve comes across as more confident. So they got that going for them.
At least we know that in 4 weeks, the money comes flowing in. I'm really looking forward to August with the driving Pi's, big money and today is when they release the mid year crash data. I bet it's so good that there's no need to talk about it. Then, it's now less than a year before they start production. That is awesome and exciting!
Go Aptera Go - - GAG
Did Chris A or Steve F actually give a date on when to expect crash data? I must have missed that. 10 months from now when the first customers get their Aptera trikes is going to be world altering. They will be driving so fast past us that it will be literally blink and you'll miss it.
@@JoeBManco - It was to be mid summer. Literally right now. I’m guessing it was only 6 star and they were looking for 8. Back to redesigning it.
@@JoeBManco they don't have a PI that could be crash tested. They won't crash test anyway, no legal requirement - they'll just say "carbon fibre is used in F1" and "we've got air bags" and that'll be it.
@@billsmith5960 yes, the nervous body language is evident. Chris may have that under control but the way he speaks gives him away - the inflection in his voice as he tries to sound casual while lying ,you can hear it with every answer he gives.
@@bluetoad2668 Anyone who can think for a few seconds can see through the carbon fiber and airbags excuse. What I'm about to say will come as no surprise to you. F1 cars and this trike is not an apples to apples comparison. Air bags will never be as good as a 5-point restraint coupled with head and neck restraints. Finally F1 cars have roll cages. They're not relying on carbon fiber to protect the driver. For F1 the advantage of carbon fiber is shape and weight.
Couple of notes. Chris's comment about sarbane oxley compliance is odd because Aptera notes in their filing that as long as they remain under 1 billion in revenue they will not be subject to sarbane oxley compliance. In other words he is just saying big words to sound impressive when he knows its not true. Tom, the supposed CFO, is not listed in any recent filing and only Chris is listed as CFO.
6000 a year is 500 a month. They burn almost three million a month producing nothing. That would require $6000 profit per vehicle for a company that produces nothing at all. So it is not hard to understand their costs will easily double if not triple which pushes that profit requirement up as well. Aptera fans just ignore math because it is not convenient.
I see zero chance for the ATVM loan because in the last decade no money has gone to building cars. All loans have gone to fund the production of components needed to support EV production namely battery plants and semi conductors.
I would love to see an actual cost breakdown of the $35K they expect for their initial customer vehicles. How much of that cost is vendor parts? How much is freight? How much is assembly labor and overhead?
Burning through three million per month checks out based on last year's loss of 55 million. The previous year's loss of 83 million must have included money spent on tooling, building Gamma, and whatever testing they did with it and Beta. They are going to burn through many millions more in the coming months, should they actually build 10 PI vehicles. The 4.8 million they raised during June only buys them enough time for the USCG money to roll in. The 65 million they seek from USCG only would help buy them another year of existence. It isn't enough money to pay vendors to send them parts or pay for factory tooling to build customer vehicles.
@@JoeBManco Important $values. The problem is USCG (not the Coast Guard!) are pros and will not buy into obvious deadend. I don't see the owners chosing liability for business loan unless they plan to use IP as collateral and walk away when there isn't another month of $200K/yr salary available.
They don't know how to build the trike they market and the market will not be willing to pay true price. Arcimoto is their path and they are less competent than Arcimoto.
@@artsmith103 I am having a hard time seeing how their IP has much collateral value. One patent is for the shape of the vehicle. All another vehicle company has to do is make their shape different dimensionally and that problem is solved. The second patent is for belly skin cooling that doesn't work. The third patent is turning the solar cells 45 degrees, which is only helpful when used with the fourth patent, the laminated glass process. They have other pending patents, that might be more valuable, but I don't know what they are. I suspect those patents are about the shape of lights, software widgets, the knock-knock latch design, wheel cover design, and the like.
I suspect if this trike ever does make it to production, they won't be able to make it profitable. There will be many production delays as they wait for parts and training assembly mechanics won't go according to plan. They may not even build the nearly 1000 vehicles that Arcimoto made.
@@JoeBManco Agree 100%. If I was USCG, I wouldn't even have an initial proposal meeting with Aptera. How dare the owners pay themselves $200K/yr from donations without borrowing necessary money they are responsible for to finish quickly and accurately!?
AOC released a chat today about ethics of soliciting donations while secretly, knowingly changing product specs. Fanboy crowd is getting restless....
Knowing something isn't true gives Chris reason to say it. He is almost pathological.
Cool!
Amazing!
Maravilloso!
Impresionante!
Tesla!
Tom The CFO!
Is this Drivetrain Week?
No, this is Shark Week on Discovery.
It’s the running of the bulls week. Aptera is crash testing them in Pamplona. Aptera vs bull.
@@billsmith5960 Based on the feedback/comments on the AOC Drivetrain video, they're crash testing the fans.
It's finish my 'the truck's tagging' video day for me. I started it yesterday.
@@aussieideasman8498 That #1 Accelerator @ $4 mil donation (sorry, but it was) should get a chase truck.
- What's the chase truck's equivalent kWh/mile?
- Did he/she get their Double-Double?
- How many metric tons of CO2 has Aptera et al produced to date?
- How many Aptera units have to replace an average ICE vehicle to break even on CO2 overall at "the average American driving distance of 31 miles?" In a year? In 10 years? In ever?
Of course it's not the last of the crowd funding 😂. The RUclips followers are the only ones dumb enough to throw money at this.
It won't be the last time they say it's the last chance so long as they keep putting back production and stay alive.
@@aussieideasman8498 it's a variation of the classic pyramid except they aren't paying existing investors with new investors money, rather they are using (some) of the money to attract new investors with prototypes, promises and videos. The key difference being that it's not illegal, just immoral