Aptera's funding plan and timeline 

Correct. According to the slides, approximately 5,000 units would be produced/sold in 2025. But production target is 500 within any given month by year’s end. That’s equivalent to the rate of 6k/year.

Either way it's a fairy tale. This company is already as good as insolvent

@@bluetoad2668 Troll

@@Leonardokite Fanboi

@@Leonardokite I would urge you to do your own research and keep an open mind, have a look at Warren Redlich's video from about a month ago. He breaks it down quite nicely.

💯

They have a much better chance at better build quality on those initial vehicles. This is due to the BINC. So things like gaps should be perfect fit. There might be some electrical and auxiliary things to iron out due to the solar panel setup, but if I recall correctly, the solar was one of the first things ready for production intent. So while we won't know until we know, I think the chances are quite high the build quality is fantastic on the early builds. Going with wraps over paint was also a very smart choice.

I'm not doubting that it will work but we have yet to see a full solar package on any of their prototypes. ​@MrStrife62

I do agree and I see that the Aptera team is proceeding with this in mind. They do not over promise Ala that Tesla guy lol

@@garywozniak7742 I'm fairly certain gamma had it, just not hooked up. Not that that is a full test but it's better than nothing.

We are all wondering the same.

I asked that question in response to yesterday's email.

I heard a rumor that they are no longer using those motors. Somebody said Sandy Monroe had mentioned it several months back. And you see that there's still a need to secure "electro mechanical" devices. That could be the motors. However, the May filing by Aptera to the SEC shows that they still have a relationship with Elaphe, but that is a non-binding agreement that is conditional upon Aptera ordering 30,000 motors. They don't mention if those motors have to be bought all at once. But if they have to buy them all at once, they're going to need to come up with a lot of cash, I would think. And that could be a problem.

@chriseidam7319 This is a fine detail many have overlooked. Smart of you to have noticed it. That question mark on the electrochemical parts needed an explanation given that there was supposed to be a standing agreement between Elahpe and the Aptera. I have to mention however that in the recent European meet up of aptera.solar EU forum on May 4th, in Fulda, Germany, Elahpe was present at this meeting and presented yo the attendees a mock version of the finalized in wheel motor that will be used in the PI build. I was in attendance in this meeting and even touched the thing and photographed it! It was an amazing experience. So, what is going on here? Why was Elahpe absent from their most important update to date just one and half months after this meeting?

@@adimchionyenadum2962 Somebody on one of Steve's videos posted that Sandy Munroe said months ago that Elaphe is out. I posted that rumor, but I have not yet been able to verify it - Munroe's videos are long. If they were at an event a month back, that encourages me. However, I started looking at the SEC filing for May and the agreement they have with Elaphe is only activated and binding after they purchase 20,000 motors. Does anybody know how much the motors should cost approximately? If they are $500 each, that would be a $10,000,000 bill for just one supplier. I wonder how they can pull it off if other suppliers make the same condition. None of the major suppliers have binding agreements with Aptera. It is in the filing on page 6.

Just to clarify, the 10,000 cars per year production is with one shift per day, which is what they will start with. There will be a learning curve and ramp up. They plan to add a second shift once it’s practical to do so. This will mean production capacity of 20,000 vehicles per year in this first factory. They also have plans to build additional factories, pending the availability of funding for expansion.

@@kevinscott8642 Always adopt the pessimistic side of the utterings of startups.

@@kevinscott8642 soooo... 3 years before my number comes up. 2 and a half being optimistic. 2027 assuming they start production now, but even the first pi build isnt ready...

In the video you can see the Binc behind Chris, it's in carlsbad 12 weeks now and nothing has been done with it, i think because they don't have the cash to order the parts for the pi. So they first need the money that MIGHT be raised by US Capital Global finding investors who MIGHT be interested in investing in Aptera, this alone will take a few months. So tell me how 1 or 2 or 16 pi builds can be ready in 2-3 months time.... Not

So would you publicly eat your hat if the first PI is assembled in 1-1/2 to 2 months?

Jay Haha absolutely, i would love to make a bet of a million dollars, because i like to become millionaire, are yoi up for a bet

​​@@shrimptopian3392 That's a clever insight. Thanks. As I posted to a previous video, I'm losing my enthusiasm quickly lately. If I told two people about how exciting and great this car was going to be, I told 200 people about this car, trying to generate their interest. Now, it seems like there's always an excuse for why things are not being done by the last timeline they gave us. I was disappointed to see they are still waiting for parts from suppliers. That's a real problem. As I stated on another video discussion, there are many nefarious ways Aptera could get destroyed. One is by the federal government playing around with them. I think US Customs deliberately held up the gamma that was to be at the UAE event. It showed up late, and it missed the event. That invent was enroll to rich Arab investors. It probably looked pretty lame that the car didn't show up for the event. That would spook off a lot of investors right there. You have to wonder why Aptera didn't get the vehicle there sooner to accommodate such delays. We'll probably never know. You could also have patent squatters suing the company over their solar patents. You could have a supplier that holds some of their tooling or other parts hostage in an effort to renegotiate terms or because they've been paid by concerned interests such as oil companies, legacy automakers or other EV makers looking to destroy Aptera. It only takes one supplier to clobber the company. My dad was an inventor in the machine tool industry and it happened to him. He was wiped out. My friend invented Hemplights, and he had his plastic molds held hostage by a plastics company he contracted to make the pieces. They flat out we're trying to steal them from him so they could launch their own company making his product without owning the patent. He had to sue to get them back. Later on, he had to fight off a patent squatter, even though his patent was awarded five years before that other company even existed. It doesn't matter in the eyes of the law. If someone sues over his patent, he has to answer the suit and defend the patent, Even though the patent was awarded. A patent is almost worthless these days because of it. The US patent system is very crooked and geared towards extremely wealthy people/interests suing inventors out of business and stealing their patents through the patent court system. Or the wealthy people / interest just copy the product and ignore the patents and go into biz and make as much money as they can before they get sued and have to defend their patent violations. By that time, it might be too late for the company that was violated. Jeff Bezos does this with Amazon. Anytime he sees a product is selling really well, he has it copied and sold on Amazon to compete against his own customers. Super sleazy. I am worried that some or all of these things are happening to Aptera, and they're not telling us. When's the last time we heard about the wheel motors supplier? It's been a lonnnnnng time. Aptera gave us the impression that they had secured $60m funding through US Capitol, and now it seems like they didn't get the $60m from US Capitol? Is that right? I ordered my car three years ago this month. I expected it to take a couple of years. Now it looks like it's going to take six years. Six years to wait for a car when I was the 7,000th to order one. That means other people will wait even longer. I downright ran my car into the ground, and it coded last week. I never should have been driving that car that long. It was killing my business-to-business sales to drive up to a biz' in an old car. It was embarrassing. But I was going to get my new Aptera within the next year, so I'd be stupid to buy a new car when I already have a new car being delivered within a year, right? Telling B2B prospects that I was buying this solar car and that the car I had was just a placeholder didn't seem to impress those people too much. If Aptera doesn't have production deliveries by this time next year , it means I'll be waiting for a seventh year or an eighth year, based on their past performance of stated timelines. I'm 60. I could die before this car ever arrives. No joke. If they don't have a production card delivered by this time next year I'm canceling my order. I will sell my stock anyway I can. There is a way to do it with schedule A investors. It's just a hassle. I just bought a newer used car, a 2012 plug-in Prius. Looks a lot better than the previous car I was driving. But I'm not going to drive this for 5 more years. I'm going to drive and own a an EV that is not an Aptera by July next year if Aptera has not delivered a production vehicle by June of next year. Here's the kicker, I'm a very good sales person. I worked on small scale sales and I've worked on multimillion dollar projects. 3 months ago I was very excited to be coming ambassador and sell this car to my clients and prospects that I meet in the field while I'm doing my sales work. I work in solar sales, so it is a perfect dovetail. I'm confident I could have sold over a hundred vehicles for Aptera by now if I had been driving my Aptera. But I will never sell something that I don't know can be delivered, so I'm not trying to sell cars for right right now. If they don't deliver their first production vehicles by this time next year, I'll never sell any units for Aptera. I'll be talking up the EV I have, not the EV that was supposed to be built but never is.

Uh, you also need to put up $1MM to make the bet, which by your own admission-you do not have. I would bet you one hat eating.

The next few months nothing will happen because they don't have the cash necessary, and they don't even know if that cash will come or not, nothing much will happen the coming 6 months, so maybe pi builds ready in a year, than more revision,.... So no production before 2026

A little different than my experience in the U.S. which says identify, plan, and prepare for the worst case then always be pleasantly surprised.

I disagree with that Indian axiom viciously. I see nothing but trouble come from that kind of attitude. Under-promise. Over-deliver. Anticipate setbacks. Give the customer more in value than he or she expects. Set your timelines reasonably. You can never go wrong following those rules. If memory serves me correctly, at one point Chris promised production vehicles to be delivered by December of 2020. I definitely remember that I was supposed to get my car in 2022. Then it was 2023. Then it was 2024. Now it's 2025 for the very first accelerators, and anybody who doesn't settle for the accelerator version will wait until .. 2027? 2028? 2029? 2030... (Stop me anytime, Chris, if you are reading this.)

I've heard: "shoot for the moon. Even if you miss, you'll be among the stars"

@@benjaminkindle1841 That's all swell for personal improvement, but that's no way to run a corporation, right?

What difference does it make if it takes until 2025, or 2026, or 2029 @@chriseidam7319 ? Being more conservative with the timeline can't make the timeline _faster_. But it can make the timeline slower, and/or fail to attract enough capital, in-which case your delivery date would be _never_. Hence the saying; Shoot for your Aptera in 2022. Even if you miss, you'll get it some time between 2025 and 2029.

If they manage to deliver their first vehicle by Q3 of 2025, then they may be able to deliver a couple hundred vehicles by the end of the year. Nothing more. This is a highly optimistic take.

@@adimchionyenadum2962 a couple hundred? You think they'll only be able to build thirty or forty a month?? This is a highly pessimistic take.

Isn't that the same as the DOE loan mentioned?

I think it may be. I missed him mentioning it. I’ll have to look at the webinar again

Do you use an electric dryer? Simply add additional wire to a charge port - done.

I live in a condo. I just plan to use a good ole fashion extension cord. 20 ft is all I will need. For 6 months of the year I probably won't even need it. If I can get an average of 25 miles of solar driving per day from April through September I won't have to charge it unless I take an unexpected long road trip. In the winter months I expect it to be a lot more like a traditional ev. Using the solar power generation for my heat.

@@bgeery There are load sharing devices that are code compliant. If, for example, you have your EV charger and your electric clothes dryer on the same circuit the load sharing device will cut power to the EV charger when the dryer is drawing a current and restore power to the charger when the dryer turns off. This prevents the breaker from tripping even though you have the dryer and EV charger on the same circuit and eliminates the need for an electrical panel upgrade when installing an EV charger.

@@henrikasfeldt2948 That's good to know. In my garage I have a 60-gallon air compressor that hardly ever runs. If a load sharing device could tap into that circuit, I'm set.

Could‘ve built (hand-built) dozens of ‘em by now but made the strategic decision to have builds beyond Delta done with factory tooling. This for production validation and higher volume, per Sandy Munro (as Tesla did).

He is not a Mathematician. He is a Biologist. No relationship.

@@adimchionyenadum2962 And apparently not a very good one, because he runs a RU-vid channel

Their production timeline graphic makes that clear. The 6,000 vehicle production ramp up spans the years, 2025/2026.

I hope you get it and love it. I just think it will be 2026 before that happens. I've never wanted to be more wrong. My hope is that we continue to get good news going forward. Raising my confidence in a 2025 delivery for accelerators.

​​@@Fairburne69, I didn't see good news in that investor video. I saw a lot of excuses. I saw a lot of open-ended problems. I saw that they don't have deliveries from their vendors. I saw they don't even have the design finished. I saw that they don't even have all of their suppliers nailed down. It was a gut punch to hear all of that stuff. I'm an investor and I was about to plunk down another $7500. I think I've lost faith. I'm sticking it out one more year and if they haven't delivered anything to anybody I give up. I'm not going to live forever. I'm 60 years old. And I'm not going to drive an ICEV the rest of my life because Aptera can't get its act together. It can only make so many excuses before it runs out of runway.

I love this idea even though I don't think we will get it.

This is a good idea.

You think setting false, overly-ambitious timelines is a good thing? I'm dealing with that at work right now, and it's about to blow a multimillion dollar project that I started because someone gave a fault, overly ambitious timeline to my customer on my behalf. It wasn't Matt. Then the next one they gave me was also not met. Now I won't even give a timeline to my client. Maybe what is happening at work is just making me more sensitive to what is happening at Aptera. Blowing a timeline once in a while is expected. Blowing timelines repeatedly and repeatedly issuing new timelines that are blown is not sustainable. Chris even used the supply chain issue excuse in the investor video which, is not going to work forever. Supply line issues ended two years ago. It should not have an impact on Aptera at this point.

@@chriseidam7319 I feel your pain! I have endured 50+ years of R&D management trying to mediate what sales people promise to get their bonus with what R&D can produce on a budget significantly less than estimated.

@@chriseidam7319 That is the norm with startups. That is why they warn you upfront before you get into a dance with them. In Greece we say that after leaving the counter, no complaints about mistakes are accepted. You are warned!😃

How many shipping containers they need to transport them from Italy to usa, only 4 aptera fit in 1 container Also will be very very expensive and a logistical nightmare Normally you have driving cars that go on a special car transporting ship, not possible with the aptera 🤔

@@shrimptopian3392 That depends. If the top half is attached to the bottom half, you are correct. If they can stack the lower half and the upper half like egg cartons, they could get more in a container. I will be curious how they plan on getting the chassis from Costamp in Italy. Costamp appears to be the casting and machine shop responsible for that portion of the Aptera.

@@shrimptopian3392 The whole idea of shipping pre-assembled vehicles always seemed ridiculous to me. I imagine they could fit a couple days worth of chassis parts in one container rather than needing 10 containers a day to ship assembled chassis. I choose to believe there is some plan quietly being developed to receive pressed parts from CPC and assemble them in California.

I am afraid there is no other plan than containers, i also see no other way tgan containers. I calculated that only this container shipping will cost more than 1000 $ per Aptera, a huge heap of a possible profit

@@shrimptopian3392 I don't think you have access to the Aptera plans/data to make that claim. Perhaps you may want to reconsider that statement.

~ 2 years for me

As long as it takes.

I waited about 2 years, then I bought a Chevy bolt. So I don't need to wait on aptera. Whenever it gets here it gets here.

If Aptera hasn't delivered a single customer vehicle by December 31, 2025, then I am done. Eighteen months from now is long enough to know if they are serious about making the vehicle or not.

Guys, I had an epiphany today - that the Chinese are much more likely to produce a solar-charged car before Aptera delivers 100 production vehicles, and they will do it for so much less that Aptera announces it's closures. Following that, Aptera will monetize the patents that it's early investors funded, and the early investors will get nothing. It's what Sono did. It's what Lightspeed did.

Lol yes. But also no.

They are a specific type of unknown

Not unless there is a trail of unknowns off of an original unknown🙃

@@johnvoules7447 I suppose we could then have unknown unknown unknowns as well... where does it end?

Technically, you are correct, but in essence they are not the same thing. Unknowns are just things you don't know say at a given time. "Unknown unknowns" are things you don't know at a given time which when you get to know them, they reveal other unknowns you initially didn't anticipate. In other words, you have to get to, or solve, the first before you see the second.

Sports cars still sell by the tens of thousands per model, as do Corollas, Civics, Priuses, etc. I think the market is bigger, but it definitely has limitations.

Very true, and well said.

Delivery will always be next year.

@@jamesengland7461 Corvettes are a niche car. About 53,000 were made in 2023. I think Aptera will have a similar demand. I'm not sure how many cars need to be made each year to no longer be nice but I'm thinking 250,000 or more. One caveat to what I said. I think Aptera will have a higher demand in the first few years due to the preorders and limited production capabilities.

You won't be able to drive it on public roads anyway.

@@Okurka. They are producing a European version a swell.

@@Creepy-Girl Since when? They aren't even producing the American version afaik.

@@Okurka. The American version will of course be the first to be delivered to customers. After that Europe is next. It has been mentioned several times by Aptera that they will make it so that it's legal in the rest of the world as well.

@@Creepy-Girl So they are planning to produce an European version; you first said they are already producing one.

I know exactly how you feel. I was as high as a kite these last 3 years until I saw this investor video. Others seemed to be excited by promises, but I just kept looking at how many things are not finished that should have been finished a long time ago, and I am very concerned now.

And why are they shipping assembled shells from Italy to California?

I’ll get right on that. Just keep waiting, okay?

Did Sandy really say Elaphe is out in August 2023? Where can I find this information?

A crypto what?

Coin but of course

Would they use their stock name SUNA? The only issue I see with that is SUNA spelled backwards is ANU...

The factor that makes them not comparable is the target market segment. Truck people are not interested in two seat small cars.

I've recently ordered a Rivian R2 on the premise that my Aptera will never be built. I've been waiting three years for my Aptera and now it looks like they want me to wait another three years. I'm not waiting six years for my first EV. My wife has had her Bolt for three years. I want mine. I'll be getting the Rivian if Aptera doesn't deliver a production vehicle by this time next year. Too many excuses. Too many blown timelines.

@@chriseidam7319 I would definitely wait until your R2 goes into production and base your judgement off of that. As I see it, it is a race to go into production for many who are still waiting for their APTERA. I unfortunately had to purchase 2 vehicles since I was expecting delivery of mine. But I still have a 3rd vehicle in my family that hopefully we can hold on to before that needs replacing…Good Luck

@@johnvoules7447 , I won't cancel my Aptera order until I buy a different EV first. But if they blow this latest timeline, I give up on any hope that they'll ever build the vehicle. I was about to give them another 7,500 investment in my Roth IRA until I saw the investor video. That money is going instead to Rivian and to Nvidia. I don't see anything going on in the factories in the background when I watch their videos. They've laid off a lot of people. The person in charge of raising funds has left or was let go. They have no other funds except for the funds they're getting from retail investors, which have mostly dried up. We were given the impression that they got 60 million from US Capitol, and that they had another $40 million they could tap but preferred not the tap. Now I'm reading all over these boards that they never got that $60 million. It's just another promise that they might get $60 million, it appears. I'm tired of the promises. I'm in sales and I would not conduct myself in the way that they're conducting themselves, making videos that keep promising things that they don't deliver. They don't even have motors for the car yet. THEY DON'T EVEN HAVE MOTORS FOR THEIR CAR YET! How are they going to test the PI builds if they don't even have motors from any supplier? And why won't they tell us that they don't have a supplier of the motors if some of us are reservation holders, some of us are investors and some of us are both? It's the same nonsense that was happening at Fisker, at Canoo, at Lordstown, at Nikola - countless broken promises, countless appeals for retail investment money. And yet some of those companies actually produced vehicles they delivered. Aptera is the only one that has not delivered a production vehicle to a customer, despite being the simplest vehicle to produce.. Let that sink in. - of all the EV startups that were born around the same time, Aptera is the only one that has not produced a production vehicle. I know some of these EV companies were never started with the intent of being successful motor companies. Some of these companies were set up to just drain the wallets of retail investors while making promise after promise after promise after promise after promise. At what point do I start to consider Aptera one of these such companies?

@@chriseidam7319 I didn't know you could get a Rivian in lieu of an Aptera. I didn't know the two were comparable.