こんんちはーー
副業で月10万目指して奮闘しているロペです。
買って放置していたロードタウンモーターズ(RIDE)の株価を見てみたら、半分以下になっていました・・・
まだ製品の発売前だったので、下がることは想定内だったのですがこんなに下がるのは想定外(T T)
ググってみると、大きな理由はヒンデンブルグ(hindenburgresearch)が開発の遅れと予約数の詐欺をレポートしたことみたいです。
↓がタイトルなのですが、Fake Ordersって書いてありますね。
しかも試作品が燃えたようです。
The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno
なので、ヒンデンブルグのレポートをざっくり読んでみました。
レポートは↓です。Published on March 12, 2021なので1カ月前の情報です。
※ヒンデンブルグのレポートの真偽は分かりません。
ただ株価が反応したということは信憑性が高いことなのかなって、思ました。
※※英語の訳は適当です。あしからず。
- まとめと感想
- レポート概要
- Lordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.
- The company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck. Our conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.
- For example, Lordstown recently announced a 14,000-truck deal from E Squared Energy, supposedly representing 5 million in sales. E Squared is based out of a small residential apartment in Texas that doesn’t operate a vehicle fleet.
- Another 1,000-truck, .5 million order comes from a 2-person startup that operates out of a Regus virtual office with a mailing address at a UPS Store. We spoke with the owner who acknowledged it won’t actually order any vehicles, instead describing the “pre-order” as a mere marketing relationship.
- Despite claims that Lordstown will be producing vehicles by September, a former employee explained how the company is experiencing delays and making “drastic” design modifications, putting them an estimated 3-4 years away from production. For example, in mid-January the company “totally switched from a plastic exterior to aluminum,” we were told.
- Despite claims that battery packs would be manufactured in-house, we were told that the equipment is months away from arriving, let alone being put into a production environment. In the meantime, we were told that battery packs are being put together by hand.
- Former employees also shared that the company has completed none of its needed testing or validation, including cold weather testing, durability testing, and Federal Motor Vehicle Safety Standards (FMVSS) testing required by the NHTSA.
- In January 2021, Lordstown’s first street road test resulted in the vehicle bursting into flames 10 minutes into the test drive. We share copies of the 911 call and a police report we received through FOIA requests.
- We think investors, workers, and the local community deserve much more transparency on what is going on at Lordstown. We ask 21 questions at the end of our piece that we think the company should answer.
まとめと感想
Preオーダー(予約注文)はフェイク
→まあ、確かに10万台は多すぎるのでフェイクはありえそう。
開発遅れ
→まあ、遅れているのは確かだろうけど、↓内装の変更でdrasticは大げさすぎじゃね？
って思った。誇張はしてそう。
drastic” design modifications, For example, in mid-January the company “totally switched from a plastic exterior to aluminum,”
決算資料の価格であの製品ができるなら、予約注文がフェイクで開発が遅れていたとしても、売れると思うで株は売らずに持っておこうと思いました。
製品の価格もフェイクで、跳ね上がるようだったら、売りだなー
レポート概要
Lordstown is an electric vehicle SPAC with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities.
ロードタウンは収益があり販売する製品があると、投資家をミスリードしている。
(売れる製品はなく、収益がないSPCA会社なのに)
The company has consistently pointed to its book of 100,000 pre-orders as proof of deep demand for its proposed EV truck. Our conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious and used as a prop to raise capital and confer legitimacy.
Preオーダーの多くは、資本金や信頼を上げるための架空である。
For example, Lordstown recently announced a 14,000-truck deal from E Squared Energy, supposedly representing 5 million in sales. E Squared is based out of a small residential apartment in Texas that doesn’t operate a vehicle fleet.
例えば、E Squared Energyから14000台の取引があったとアナウンスがあったが、E Squared Energyの本業はテキサスの小さい不動産で、そんなに大量の車両を扱えるとは思えない。
Another 1,000-truck, .5 million order comes from a 2-person startup that operates out of a Regus virtual office with a mailing address at a UPS Store. We spoke with the owner who acknowledged it won’t actually order any vehicles, instead describing the “pre-order” as a mere marketing relationship.
そのほか、1000台Preオーダーしたとされている人物は話した結果、実際に購入するつもりはないと分かった。
Despite claims that Lordstown will be producing vehicles by September, a former employee explained how the company is experiencing delays and making “drastic” design modifications, putting them an estimated 3-4 years away from production. For example, in mid-January the company “totally switched from a plastic exterior to aluminum,” we were told.
9月に生産すると予定だったが、元従業員は、設計変更で3-4年遅れると見込んでいる。
例えば、内装のエクステリアをプラスティックからアルミニウムに変更する
(メモ：“drastic” design modificationsって程の変更じゃなくね？って思いました)
Despite claims that battery packs would be manufactured in-house, we were told that the equipment is months away from arriving, let alone being put into a production environment. In the meantime, we were told that battery packs are being put together by hand.
バッテリーパックは内製で製造する主張は間違っている
(手動で組み付ける？読めず・・・)
Former employees also shared that the company has completed none of its needed testing or validation, including cold weather testing, durability testing, and Federal Motor Vehicle Safety Standards (FMVSS) testing required by the NHTSA.
元従業員曰く、必要なテストは何も終わってない。NTHSAで要求しているFMVSSや耐久試験など。
In January 2021, Lordstown’s first street road test resulted in the vehicle bursting into flames 10 minutes into the test drive. We share copies of the 911 call and a police report we received through FOIA requests.
最初のテストで燃えた。警察のレポートを持っている。
We think investors, workers, and the local community deserve much more transparency on what is going on at Lordstown. We ask 21 questions at the end of our piece that we think the company should answer.
ローズタウンは起きていることを明確にする必要があり、私たちの質問に答えるべきだ。
コメント