GM team
Lots to cover here, have shared a number of charts - please check substack chat for all charts.
AEVA down 27% and OUST down 8% in symp.
AEVA at 141X P/S and OUST at 9.8X P/S. Da fuq?!
You understand whats happening here? High fliers with crazy P/S tend to make bigger drops the moment any valuation disconnect happens.
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