It’s based on the fact that:
A. The company’s business model is hard to understand and
B. The leadership is retarded when it comes to PR
They have very little popularity for a company that’s partnered with titans like Mitsubishi and Foxconn. As they get more exposure, it will go up. How much? Who knows. But the recent volume trends show that sizable positions are being taken.
No launch to cuck us any time soon. If we fail to get some part of the LTV contract, we could see a drop too. Also, B Riley (not sure how reliable) lowered their earnings prediction for them as well so earnings could be another negative event.