Aptera Motors Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $66.7M
- Price
- $1.63
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.81%
- Volume
- 142.8K
About
Aptera Motors Corp. is a solar-mobility innovator focused on creating exceptionally efficient solar electric vehicles (sEVs). The company's flagship product is a unique two-person, three-wheeled vehicle, meticulously engineered for ultimate efficiency by integrating solar panels, cutting-edge lightweight composites, and optimized aerodynamic principles. To date, it has not begun mass production or generated any revenue.
Quick stats
Shares outstanding40.9M
Computed float35.8M
Float / shares87.4%
Cash runway (months)1.2
Key info
SectorConsumer Cyclical
IndustryAuto - Manufacturers
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001786471
Websitehttps://aptera.us/
AI Summary
AI-generated1/19
standardbullishguidance update
Aptera Significantly Reduces Estimated Capital Requirements for Production
Aptera Motors (Nasdaq: SEV) cut its estimated capital requirement to reach start of production to approximately $25 million, down from $40 to $45 million previously, citing its partnership with Launch Design.
The full-plan estimate through high-volume production fell to approximately $115 million from $180 to $205 million, a reduction of roughly 36% to 44%.
Aptera plans to begin building its first 40 production vehicles by the end of 2026 with customer deliveries in early 2027, and says about $65 million in total capital would reach 500 vehicles per month, the rate at which it believes it could become self-sustaining.
All estimates remain contingent on timely financing, supplier performance, and regulatory approvals; the company also remains subject to a going-concern dependency, disclosed material weaknesses, and an ongoing SEC investigation.
Red flags
- all capital and timing estimates depend on obtaining financing on acceptable terms and a timely basis
- going concern dependent on success in raising additional capital
- previously disclosed material weaknesses in internal control over financial reporting remain
- ongoing SEC investigation
- reliance on international supply chain subject to tariffs and trade-policy risk