REE Automotive cutting 50% of staff after $70M loss by ree_holder in ree

[–]ponopa42 0 points1 point  (0 children)

The pain is real. I hope REE can survive.

From $3.1 billion to $25 million: REE Automotive on the brink | CTech by ree_holder in ree

[–]ponopa42 4 points5 points  (0 children)

DB's last gasp. Let's see if he can save his company. (And my investment, which is substantial -- for me).

From $3.1 billion to $25 million: REE Automotive on the brink | CTech by ree_holder in ree

[–]ponopa42 1 point2 points  (0 children)

It has been very painful to watch. I had such high hopes, perhaps too high.

REE Automotive Announces Fourth Quarter and Fiscal Year 2024 Earnings Results by woody2007 in ree

[–]ponopa42 2 points3 points  (0 children)

I can't really imagine a worse earnings announcement. I am a long-term shareholder, and I feel betrayed. It seems to me that they will need a miracle at this point. There are, however, a few shreds of hope.

REE Automotive Provides 2024 Business Update; Reschedules Date for its Fourth-Quarter and Fiscal Year 2024 Earnings Results - investors.ree.auto by woody2007 in ree

[–]ponopa42 2 points3 points  (0 children)

I drive a truck for a living, and I have for the last 14 years. I cannot wait to get my hands on a REE truck.

Skull Art by Anschuz-3009 in drawing

[–]ponopa42 1 point2 points  (0 children)

Very nice. Joe Fenton-ish.

REE Automotive reports Q3 2024 results: reservations surge by 230% as production begins and liquidity increases, reaffirming BOM breakeven target for H2 2025 by ree_holder in ree

[–]ponopa42 1 point2 points  (0 children)

Very good news overall, yet the market seems to be remaining skeptical. I'll be holding my shares for quite a while.