Hey there. Important to note, the company's stock price isn't exactly "low". They are trading at 36 times forwards earnings and 12 times sales.
It is SO difficult to analyze companies like this. I could personally see a few major players emerging from the industry and the rest fizzling out.
I'm very, very reluctant to post on companies like this because of the underlying risks they impose on investors purchasing them. This is an EV company that moved a grand total of 14 vehicles in the quarter.
Company does have working capital, which is good. But there's just not enough operating history here for me to form any sort of opinion around. Competition in the industry is insane, companies who have the ability to raise a significant amount of capital could bury smaller players.
So while the company does have potential, it doesn't come without extreme risks.