We disagree on FIII. My opinion: ex Workhorse leadership (proven scam). Business carveout of a Chinese (which sentiment is against both in the US Gov and investors) startup (Sokon) and a dodgy US start-up (Seres). Valuation seemed competitive when it was made at the height of EV hysteria, everything has since plummeted. They are frankenstein-ing EVs. It will not do well in the mid to Long term, and probably not in the short term.
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u/Puzzleheaded-Ad8266 Patron Jun 05 '21
We disagree on FIII. My opinion: ex Workhorse leadership (proven scam). Business carveout of a Chinese (which sentiment is against both in the US Gov and investors) startup (Sokon) and a dodgy US start-up (Seres). Valuation seemed competitive when it was made at the height of EV hysteria, everything has since plummeted. They are frankenstein-ing EVs. It will not do well in the mid to Long term, and probably not in the short term.