Why Edison Motors’ Valuation Is $200M

[@Krieghandt]

Debt, that is the killer of businesses. It sets up death by compound interest or cash flow issues. Right now, you guys could shut down for a month and pick up where you left off. Once that first loan is signed, the pressure is on. So I like your growth model much better than most businesses, since you are covering all or most of your expenses up front.

[@EdisonMotors]

Yep. 100% I hate debt and will do everything I can to avoid it. Debt Free means: if times get hard you can always scale back and slow down. Having debt means: if times get hard, you can't make debt payments and go bankrupt.

[@SolarGuyInMaine]

@@EdisonMotors Being debt-free has prevented my business from going bankrupt, twice. Stay the course!

[@welderfixer]

A very wise man told me: "Debt is suicide on the installment plan.".

[@tobiastho9639]

@@EdisonMotorsMoney and Dept are tools like a hammer. You need to know when and how to use them right. Tools can work wonders if used right but they can also hurt when used wrong.

[@morosis82]

​@@tobiastho9639 i agree, I think the important thing is to only carry debt that helps your business right now, not a larger amount for where you hope to be next year.

[@Ratkill9000]

Edison is out here trying to be as realistic as possible. Would rather be under valued, than grossly over valued. Can't wait to see what the future holds!

[@Onkar-i4s]

Bet that graph will climb in future..

[@The_Blessed_Cowboy]

Look at rivian! It started at $180/ share , it now worth $16! Good luck​@@Onkar-i4s

[@nononsenseBennett]

I like their approach...So Canadian, eh?

[@The_Blessed_Cowboy]

@@Ratkill9000 rivian was $180/share now only worth $16

[@DavidLeon140m3]

Irritating that as an American citizen, I can’t invest my money but can gamble it away

[@Shane-on5kh]

Right. I would easily put 10k into this company and sit on it until I retire. If I ever cash out!

[@cjsmith1760]

​@@Shane-on5kh same here. I don't qualify for an investor as per the criteria.

[@deanhollingsworth7938]

Painful aye mate

[@jyoung9181]

Well said Chace.

[@danbrooker2851]

welcome to Communion

[@dmb25108]

As a truck driver who doesn’t think pure electric is the answer but you guys are on to something. I personally plan on investing some. Also as a western Canadian I will gladly support a western Canadian business.

[@Stukov961]

I'm pretty excited to see if Volvo makes something real out of their hydrogen concept project. It's the same basic idea as the Edison, electric drive, small-ish battery and on-board electricity generation. In the case of the Volvo hydrogen concept that's a fuel cell. And those are well understood technology. The Apollo moon missions had a hydrogen fuel cell for electricity generation, literally half a century ago.

[@subwarpspeed]

​@@Stukov961hydrogen fuel cell has been the next big thing for decades now... Though I think for trucks it is a bit more plausible than for passenger cars where it's stupid. But the need for build out hydrogen fuel stations and hydrogen generation (if you instead go with fossil natural gas, why bother?). Fully battery electric truck near future is what Tesla is making. Identical trucks for local and regional deliveries returning to the spot where it can recharge. That would be something a hydrogen fuel cell truck could also work with. But generating the hydrogen gas via electrolysis would take more energy than charging them up directly. Edison motors work aim to be on the other end of the spectrum with vocational trucks maybe not operating in a predictable way. Potentially saving in fuel and then emissions is a good vision and doesn't need anyone else to build up new infrastructure for it to work (I do think electric charging infrastructure isn't as big of a problem it will grow hand in hand with the need of full BEVs). And if someone wants to get off fossil fuel they can try to get HVO100 (if the small amount of hydrogen is generated okay). I don't know where Canada is at but here in Sweden you can get that on many stations. Though the price is higher.

[@adrianthoroughgood1191]

Fossil fuel burning has to end by 2050. So you've only got 25 years left of cheap liquid fuel. After that it's expensive efuel, or moderately expensive hydrogen, or cheap electricity stored in batteries. I hope Edison will always keep in mind that Diesel has a very limited time left. They are making variants of their trucks with no generator and extra batteries. I hope they will introduce a hydrogen fuel cell option too. The most important thing is they build the trucks in a way that lets the generator be swapped out later.

[@dmb25108]

@@adrianthoroughgood1191 it’s going to longer than that before battery technology is viable enough to be safe for the operators in the cold of Canadian winters

[@Stukov961]

@adrianthoroughgood1191 the thing about diesel engines is that they can run on several biofuels with minimal or even no modifications. And they are going with scania engines, and Scania already sell literally thousands of fossil-free semitrucks already. They've got a selection of liquid methane engines (which can be produced from biowaste) HVO is made out of vegetable oil and is completely interchangeable, and mixes freely with regular diesel, meaning you can run any existing diesel engine on it. My own daily driver, a 2023 Scania R500 runs on B100, also called RME, which is made from rapeseed oil. It does require an extra fuel filter and replacement of some o-rings and hoses, otherwise works exactly like diesel. And at time of writing, the RME is actually slightly cheaper than diesel in Sweden.

[@copperhead2534]

Honest, forthright, reserved, dedicated, competent, and fastidious.

[@andytaylor1588]

Cool avatar~

[@IamHattman]

Also, flannel. So much flannel

[@gordowg1wg145]

Under promising and over delivering, staight talking and BS free, investing in the product and not indulgences for the bosses. All very good signs for any start-up one might wish to invest in!

[@wild_lee_coyote]

I think Edison is undervalued, for good reason. There is no venture capital that artificially increases the evaluation of the company. They don’t have a huge staff and employees, especially CEO’s, that feel they should be entitled to a large income. Most of the components of the truck are off the shelf and already meet DOT specs. The only thing Edison needs is a manufacturing location that is not a tent in the Back of Chase’s parent’s house. Hopefully the site in Golden can be secured and a shop built quickly. Edison is doing the slow, methodical approach in a niche market that is not being served, and probably won’t be served by major manufactures for a while. Yes investing in Edison is risky, but it the right kind of risk.

[@KeithOlson]

My takeaway can be best expressed by Drew Carey. "Startup Valuation: Where everything's made up and valid points don't matter." #smh They're street racers going for the quick buck while you are a trucker in it for the long haul. Bravo, good sir!

[@EdisonMotors]

"Who's line is it anyway?" was such a good show

[@BrooksMoses]

And the problem with venture capitalists is that they'll give you nitrous for your street racer but they'll also chase you with a road roller to make you go faster, because the only car they care about is the one that wins and it doesn't matter if the others get smushed along the way.

[@KeithOlson]

@@BrooksMoses Oof. Good analogy.

[@FUNNYBOY12375]

I am glad the advrage cost for shares is affordable. i just wish U.S laws allowed me to invest

[@stevej6824]

Same here.

[@Amanda-ej7pl]

You know there's enough of us that want to invest could we create an investment group?

[@stevej6824]

@@Amanda-ej7pl Hmm, that’s a really good question.

[@Amanda-ej7pl]

@@stevej6824 it sounds like it's a possibility. That's all. I'm going to talk to my uncle and he might know because he does investment stuff.

[@konobikundude]

"Investment Club" is the Google term. Don't know how much of a thing they still are, but I remember that boomer dudes were getting pissed that soccer moms were making serious coin with their clubs.

[@gilgamesh444]

Thank you for an excellent no BS presentation.

[@chrissuich7423]

I'm an investor. I appreciate the transparency Edison provides. I think their Right-to-repair philosophy will attract more EV adoption in the Semi/pickup truck space. Valuation at this point does not have a lot of meaning. If Edison goes under and they sell the assets and divide amongst the number of outstanding shares, that gives a minimum value. Currently they have 10 trucks in the mfg pipeline. Whatever they profit on those sales, if they would pay dividends, that should give a value if you say pay 5% return on our investment.

[@EdisonMotors]

Luckily we have no debt. I think a lot of these companies we listed have more debt than assets. But yeah, its a risky investment. If we went under there wouldn't be anything left. And we're not paying any dividends for a while. Definitely not on the next 10 trucks. Any profit we make is going towards growth and scaling up production.

[@spyrule]

@@EdisonMotors This is perfect. I would hope that no dividends are paid out until you are well established, and can produce a regular/scheduled build without interruptions. Your new land plot will need a few years to build, and get everything up and running. As an investor, I hope that during these phases, instead of dividend payments, you split the stock, so when the day comes that dividends can be paid, those who were there early, can be the big winners. Looking forward!

[@konobikundude]

IP is an asset though.

[@EdisonMotors]

It does have a 6 bay truck shop with overhead cranes. We can use that while starting up while we build the pole barn next summer that we plan to use for production. That will help speed things up at least

[@EdisonMotors]

@@konobikundude IP is only worth the lawyers you have to protect it. If you're broke its not worth much. The 300 acres in golden is much more of an asset in my opinion.

[@ARepublicIfYouCanKeepIt]

A $200 million valuation is absolutely reasonable. I've worked with startups since 1995 and have assisted in raising approximately $400 million over the past 25 years. With a proof-of-concept (Carl) completed, a "mule" completed (Topsy), integration and testing completed, engineering (including intellectual property) and supply chain creation ongoing, five semis and five "pickups" booked, international exposure, industry validation and even military interest, Edison Motors continues executing a winning strategy. The only things that Edison Motors needs are investment and C-suite talent; the latter making the company ever more fundable. As a US citizen who's not an accredited investor, sadly I'm unable to put money into Edison Motors. With that said, I'll continue doing everything that I can to assistance in Edison's success.

[@CatCrazyFamily]

What ever you do don’t ever go public and trade on an exchange. They will short your company to death. Keep it private no matter what.. and you should be golden!!

[@thomasa5619]

If they don’t need to raise money, shorting doesn’t really matter. If they get excessively shorted they can use their income for buybacks

[@loganvanderwier8866]

Shorting only kills companies that require cash from selling stocks.

[@phillip_mcguinness7025]

That's not what they're after but if you followed the gamestop debacle, shorting against Edison would be a bad idea for investors. Shorting is betting that the price will fall, and this company only has an upward trajectory.

[@sb-knight]

That makes a lot of sense and I'm honestly surprised it's not higher. You guys are doing some really amazing work! From everything I have seen that you guys have done. I think you're going to be a very successful company! While I might not be able to join your current funding round, I definitely plan on investing in you guys in the future.

[@willyleavitt-pe1cw]

Long term thinking…. That’s what builds a company that develops a solid loyal customer base. You rock!

[@BurnabyAlex]

I used to work at a Vancouver tech company before they went public, and the main metric was the Price to Earnings ratio... and what people expected to be earnings in a year, the next year and year after that. What the investors would need to know is : What kind of sales do you expect to make in the next 3 years, Will it be one topsy per week? Or a couple per week? How much revenue will there be per upgrade kit or per typical truck. And what sort of growth to expect. Going from private to public was a huge step which changed the companyI was at; public companies don't get to make the same risky choices as private companies. I hope you guys do well, you've got some smart people on your team. Take care.

[@EdisonMotors]

It's hard to use revenue when we are pre-revenue still. That's why we compared existing companies we are similar to. Our product is similar to them and our desired production level is similar as well the trucks our revenue per truck is similar to the other commercial trucks (but with a slightly longer time frame). In 3-4 years. we hope to get to 300 semi trucks per year. and hope to be at a price $500k/truck = $150m/year. During this all profit will go back into the business until we can build a large factory to start producing more to meet the huge demand we have and would like to see a long run goal of thousands of truck which turns into multiple billions of dollars. If you use future expected revenue and use a common multiple for our industry of Price to Earnings you should still get a similar value when discounting to net present value and factoring risk into it. We figure that these estimates have already been done for the other companies we named to help arrive at their valuations and the only big difference between us and them was timeline to get to market. I believe their promised timeline was too aggressive and was unachievable, but did promise a faster return for investors meaning that the Net Present Value would be discounted less. We want to take longer but use what we believe is a safer path forward. But I believe this math should have been done by many investors for all the other companies listed and the common Valuation was $1 billion to $4 billion.

[@karlwolf2]

What happens when the tesla semi is released

[@Birdman3131]

@@karlwolf2 Tesla semi is not the same market. Highway freight vs Heavy Vocational. (Not actually sure if tesla is targeting Over The Road or regional. Last I looked the numbers might not make sense for full OTR.)

[@EdisonMotors]

It means more mechanics and drivers will start getting familiar with electric drives. More part start will carry EV parts. We're in totally different markets so it's not going to hurt our sales, it would only help us with product adoption. We know full EV wont work for 80% of applications

[@pamacons]

​@@Birdman3131it'll be years before otr is viable for full EV. Tesla claims up to 500 mile range. For longevity of the battery you're really supposed to keep the battery between 30-80% state of charge so that gives you a useable range of 250. The average simi according to a Google search travels about 500-600 miles a day so that's at least 2 charges per day. Of course the smart thing to do would be have a fuel island style mega charger (750kw) which Tesla claims "recovers 70% of battery charge in 30 minutes" since you really should only use 50% that gives you about 25 minute fill up which isn't much more than a regular semi full up time (obviously a regular semi would have much higher range out of each fill up) so each fuel island would probably need to be about the same size. Your second fuel up could be handled during your mandatory 10 hour off duty which would only require a charge rate of 50kw A local truck stop to me has just over 100 overnight spots and 7 fuel island spots so if you were to convert that to electric (obviously you wouldn't do that over night it would be quite a few years) that would be 10 megawatts. Assuming 50% average utilization during the day that would be 120 mwh production needed per day. At 5 hours of solar production per that requires a 24 MW solar farm and at a 5.9 acre/mw you'd need 141 acres to convert that station to 100% electric and solar. This is in my head math based on Google searches (reliable sources aside from Tesla) and large assumptions So probably wildly inaccurate

[@michaelratliff7775]

Thank you! My ignorance how this worked and it not being fully explained by you guys disturbrd me a bit and I unsubscribed in anger and vented like a troll in the comments' SMH This explained a lot Respect

[@SteelSculptor]

I genuinely am rooting for your success. 5x earnings...... Unless you have some incredible IP/Patent that no-one else has. With starting a business its all about barrier to entry. How many $ would it take to replicate exactly what you have. That is what the business is worth. When you get into feels and what people feel about your brand, then valuation is super dicey. Yes, I understand Tesla and these other startups are not anything like the 5x earnings. They are not an SME like Edison. Keep moving forward, grow the business, fight the fight, and don't let the bastards grind you down.

[@alex6matias]

Makes sense this also means you can justify a higher valuation in the future if more investment needs to be raised.

[@EdisonMotors]

It gives us room when we have more trucks on the road, become more proven to raise more in the future. And it would make sense that as the company grows and becomes more proven that the price should go up.

[@melvindenny8962]

Best of wishes to Edison, may success follow your honesty. Peace

[@stevej6824]

There should be no rules for small private citizens to be able to invest. If I as a U.S citizen want to buy 10 or 100 shares that shouldn’t be an issue. But they have no problem with me blowing my savings in Reno or Las Vegas.

[@jmanlinc]

The difference is that you have been told many times over your life that casinos are a bad investment. A slimy salesman could convince many nieve people to invest in their fake company.

[@stevej6824]

@ There’s definitely more to it than that.

[@ARockRaider]

​@@jmanlinc that's just the justification the government gives so you will agree to let them keep the common man out of the stock market. I might not know why, but for whatever reason the government benefits from keeping the little guy out.

[@RayleneCawood]

Look into cryptocurrency as a means of moving money with less ...er oversight.

[@HootMaRoot]

If you have the cash or a group of friends that do, is it possible to register a business in Canada so you or the company board can invest in Canada without US government being able to stop you

[@edkeniston4786]

Edison will be a huge success for one simple reason, you are working for the customer not the board of directors. We may not like it, but we are all willing to pay more to get the truck we want and not having to settle for the truck they are willing to give us. Even if this whole green movement crashes, just build the vocational truck that everybody else has given up on. You’re going big.

[@Whitewolf4869]

Great organic company. You can't beat community.

[@retrogunroom]

Very proud to be holding 90 shares of Edison!

[@kwinterburn]

Your strategy is extremely cautious and honest , and will succeed because it's based on reality and not hype , people expect issues people expect honesty good or bad , that's what makes you different , keep going

[@Sah-o5m]

The truth sets us free

[@Lisle45]

This company has duch potential to be worth way more. And i love the slow progression way of doing things (under promise and iver deliver)

[@EdisonMotors]

Thank you! I'm glad you think so. I think those other companies over promised and that's why were still 5-10x lower at a similar stage. (couple prototypes and just starting some form of production). I think this is why those larger investors wanted us to lie about future production abilities to increase our valuation similar to the other EV companies. But that's just lying to make more money. It's so screwed up in how they think

[@stratos2]

​@@EdisonMotorsIf you're allowed I would actually love to see a video of you guys talking about that. What "recommendations" etc the big investors made to you and how full of lies the entire system underneath is. I'd love to get a realistic view into a world I'm not supposed to be able to look into.

[@stratos2]

​@@EdisonMotorsIf you're allowed I would actually love to see a video of you guys talking about that. What "recommendations" etc the big investors made to you and how full of lies the entire system underneath is. I'd love to get a realistic view into a world I'm not supposed to be able to look into.

[@Jeremy-fy1sz]

I looked at the 200M valuation and saw it was defiantly high compared to actual projected revenue (in my estimation) in the next couple years. But I figured it was worth investing a bit because if you can become a major player, it will be well worth it.

[@TamagoHead]

Good luck developing your new property and taking your time to do it right!

[@enslavedbytruth]

All these evaluations are nuts

[@hanselito2416]

right, they sidetrick actually valuable companies with valuations. what a way to shit on humans.

[@williamclark6466]

Thank you for going through this and explaining your thoughts on Edison Motors valuation and share price.

[@alagarath]

Having Scrooge McDuck in the background for this topic is hilarious! Looking forward to seeing you all succeed!

[@EdisonMotors]

Have you watched the Scrooge McDuck video on Financial Discipline and Inflation? I think more leaders and politician should listen to Scrooge McDuck

[@ehta2413]

Spot on! This is the right approach and I will try everything I can to get even one share done if I can ever buy them in Finland :D

[@henrycarlson7514]

so Wise , Thank You . I Agree Stay AWAY from venture capitol as long as you can

[@CausticLemons7]

Love to see it, good luck!

[@hippogod13]

Something to keep in mind about publicly traded companies valuation is that market cap changes quickly as people sell. Sure the internet said Nikolas was valued at $10b but if people tried to cash out that’d drop insanely fast.

[@albertalakeland]

Edison is no longer pre-revenue. It's pre-profit. That is a big difference. As an investment, it does not currently fit my unemotional buy box, but I hope it will soon. Emotionally, I want to go all in. As a bored, early retiree, I would work for stock options, warrants, etc. Please don't feel bad. Telsa, Nikola, etc. have never fit my buy box. LOL. I am a huge fan and will buy the Edison light truck conversion kit. I am currently searching for the right vehicle for me to convert. All the best. Cheers!

[@EdisonMotors]

For sure. It's still a very risky investment. I don't want anyone to invest that doesn't feel comfortable with the risk. Last thing I want personally is anyone losing sleep at night over their investment with us or losing money they couldn't afford to lose. I really appreciate all the support still investment or not

[@vyvianalcott1681]

What's it like being the only tech start up that isn't a scam?

[@EdisonMotors]

It's frustrating because we're getting a much lower valuation than the companies that were scamming people. That's the way it goes I guess... haha

[@vyvianalcott1681]

@@EdisonMotors Slow and steady wins the race. I really appreciate that you didn't just come up with an idea and hype people up about it, you guys first said: What will it take to do this, and what do we need to get it done? That's how I know you're going to be wildly successful.

[@t-yoonit]

​@@EdisonMotorsit's like every crypto shitcoin project. It's all hyped up in an inner circle, they pump, dump and waoeuwaoeuwewau look at that it's bankrupt and all the polos that got it going are still stupid rich and..... Running another start up project or..... Helping a friend with theirs......

[@RayleneCawood]

Hmmm... I'm Hoping Aptera is also legit and makes it??

[@PrograError]

@@EdisonMotors my guess is that they don't see your market capitalisation being that big, being very much specialised and small operation. Plus, the current economy doesn't seem to allow for that high of evaluation.

[@DiterMuller-pt5tk]

I actually invested in hyliion because of the same idea as you have but they where a big letdown. I hope that you will the one bringing this idea to its full potential

[@oldcivicjoe9069]

I've got my fingers and toes crossed, hoping you guys will take off because I would dearly love to see the pick-up retrofit kits ready and waiting to ship. These kits will be invaluable in keeping the tough old classics that were actually built for use as trucks, rather than mini vans, on the road as emmisions standars choke the parts markets off.

[@brendenpiper6565]

Hi, I am a High schooler interested in this company and was wondering if you would do apprenticeship programs at all.

[@EdisonMotors]

We do offer those in the summer to local high school kids

[@brendenpiper6565]

Ahh okay, would this be available to those in the States at all?

[@EdisonMotors]

@@brendenpiper6565 Not yet. It won't be until we move and build a factory in the USA. While I would love to, it would be a nightmare getting work permits for high school kids to cross the border.

[@perryelyod4870]

Just don't do 'internships', the 21st century word for slavery.

[@brendenpiper6565]

Ahh I didn’t think about that, sorry. Would I be able to apply after high school if my skills were of value to the company?

[@blahorgaslisk7763]

Anytime a new company starts talking about building thousands a year of busses, trucks or something else that expensive I think it's far more likely they are bogus than that they will actually be selling anything worth money. If they have one truck, buss or whatever they are talking about and says they will make thousands next year then something is most probably wrong. Creating a new buss, truck or for that matter car isn't something you perfect in a year and building just one prototype. You have to start small and build up. If you make ten trucks any problems on these are still possible to correct and there you have the second batch going. Once you have enough working trucks and no big known problems you haven't got a decent solution for it's time to start increasing production. Always keep track of all problem, and that includes problems with building and installing parts on top of what the users discover. If you are building a hundred trucks a year in a decade it's not a failure. Never promise more than you can deliver. But if you can deliver more than you promised it's probably fine as long as the quality is kept high and there is a market for what you make. Now I'm not a master of economics, I just know what I have seen working and are very negative when people promise to change the world by tomorrow. Large scale production isn't something you just kickstart on a whim. It takes time and takes a lot of work to get there.

[@EdisonMotors]

Large investors just hate hearing that though. But I agree 100%. That why we're syaing 10 trucks next year, figure out issues, improve and build another 10-20. When those are good then we'll scale

[@Sah-o5m]

​10 trucks for 2025 (1 per month). 20 for 2026. 40 for 2027. 80 for 2028. 160 for 2029. 320 for 2030. A penny that doubles every day for a month

[@vonarroberts]

Looking forward to Edison's IPO.

[@EdisonMotors]

If that happens; I want to be the first person ever to ring the Wall Steet opening bell wearing plaid.

[@jacobaimeeh2263]

@@EdisonMotors😂😂

[@casehanrath4910]

Great video. I’m really happy with the potential value of my Edison shares ove4 the long term 🤗

[@ultmateragnarok8376]

Edison seems a lot less risky to me than a lot of other startups. Realistic promises, intelligent people at the helm, avoiding the pitfalls that kill companies early (debt and the like). So many of these others seem like they want to immediately become the next giant, up there alongside Ford and Peterbilt and Toyota and whatever else, and their promises and attempts at acaling immediately get away from them, because they forget to set up a solid base to scale up from, they just go straight from the prototype to a mass production promise. You guys at Edison Motors are showing that you're aware of and successfully avoiding all of those developmental traps, which would seem far more important in investment risk assessment than a startup price for a company that's already unofficially owned by like three people before it even gets to production. But what do I know, apparently I'm unqualified to be an investor because I don't have the income for it.

[@Hitmonkey420]

Commenting for some history and baseline presence. Hopefully, eventually it’ll trickle up to you! I’ve been following your company since 2021 when I was working in the engineering lab at Danfoss. I’m really stoked that you guys are entering the next stage of manufacturing and growth and I will be paying attention closely and looking for investment opportunities. I really believe in your mission. In addition, it would be a dream to be part of your team. As you expand, I’d really like to look for entries in your software and controls department. Thanks for all you do, keep an eye out for me!

[@josviersel]

For a trucker, you are doing well for an accountant. (Which I say as an accountant who is driving trucks).

[@deanhollingsworth7938]

Realistic value for realistic trucks

[@Sah-o5m]

That'd how I see it

[@gordonlowe5405]

A well-known entrepreneur once said: "Prototypes are easy; mass scale production is not.". How do you plan to scale and to what levels of annual production do you see?

[@jerryfick613]

17:00 Edison motors may be arisky play. But Chase being at the helm mitigates risk just by being himself. Wish I could invest.

[@Jessev741]

Great video! Very happy investor right here :) PS audio level was very low, I've been watching other videos and I'm at full volume and this one is much quieter

[@EdisonMotors]

Dangit, I missed that. Thanks for the feedback. -Theron

[@bradhaines3142]

unfortunately same. but couldve been way worse issues to deal with

[@justinlynch6691]

I admire your approach. It's rough because your lower valuation makes it harder to keep more of it for yourself as you need to raise money. I hope you hit profitability soon so you can get away from this.

[@philipvecchio3292]

Your attitude on debt is healthy. You should look at Austrian economics using the Mises Institute. Debt fuels the boom bust cycle. Having a more classical "Get Tool, Build Product" mindset is so much healthier than the Debt wizardry the Keynesian economists propose.

[@Jessev741]

Damn... after my second watch through... I need to buy more shares!!

[@LibertyOrD___h]

💪🇨🇦☝️ Make Canada Great Again 😊

[@Jessev741]

@@LibertyOrD___h Canada is great as it is, and yet still has plenty of room for improvement. Please take your gross, divisive dog-whistles elsewhere.

[@LibertyOrD___h]

⁠@@Jessev741 😂 you have the IQ of a chimp, my comment was definitely the opposite of divisive; and “dog-whistles”, really?😂 you must be watching too much CBC propaganda… next you’ll say I’m spreading mis and disinformation

[@LibertyOrD___h]

💪🇨🇦☝️ Make Canada Healthy Again 😘

[@Berta_Bros]

Insane how much nikola is worth when it’s a company with a truck that can’t function, insane to think you guys are at the same stage worth a fraction less and will be here far longer then they ever will! Good job fellas

[@Casemanager69]

I'd absolutely love to see an Edison unit on the road here in New Zealand. Could be a very viable option for a major logging operation in a place called Kaimanawa forest. Should check it out! They used to run a few Pacific's in there.

[@subwarpspeed]

Thanks Chace! I had no problem before understanding share prices aren't comparable, but I had thought 200M was a bit high. Apparently I didn't know better and others were much higher. It would seem some of them has been pumped by the venture capital firms you have declined. I've looked at the documents on investor site of how many trucks you expect to make in the coming years and it's realistically few. Not an investor (seems impossible on FrontFundr once the crowdfunding closed) here in Sweden (they can only do accredited in CA it seems).

[@robertomgzz]

Yeah ! Wish the US LAWS would let us invest !

[@sokoyaadedolapo5321]

I was about to say that too, that your trucks actually works and runs

[@brianmarshall2718]

The share value should relate to projected sales, profits and the size of the realistic addressable market for these particular trucks. Which is all in your business plan :)

[@LordHasek]

Ive actually seen a few of the Nikolas driving around Baytown TX

[@micsaucy9525]

My diesel technician class at Lane community college here in Oregon USA, are doing a midterm where we need to supply schematics of, "the future of trucking". Are there any schematics that Edison motors has for your logging trucks?

[@stynnieuwenhuis9999]

Makes sense that the company is undervalued. VCs run at very high valuations because the goal is to 10x their money in 10 years ( in many cases ). They are chasing large exits rather than building legacy companies

[@neilgillespie7435]

Love this company

[@timbuckingham6734]

When you get set up in Golden with a full shop & extra incomes I think you have a fair valuation.

[@crissd8283]

It blows me away how many people don't understand how the stock market works.

[@ConstantlyDamaged]

The real hilarity is that if hydrogen _does_ take off as a viable fuel, it would literally be a very simple engine/fuel-tank swap on an Edison truck, and suddenly it's a hydrogen truck.

[@mcsike7264]

If hydrogen took over it will not be hydrogen ice it will be fuel cell since thats more efficient also that gets more miles than ice since yiu would need hydrogen in liquid form to get identical range to gas but hydrogen needs to be at -258C to be liquid so not gonnna happen😂

[@EdisonMotors]

The invertors don't care where they get their electrons from. If someone makes a reliable & affordable fuel cell we'll buy and install that if a customer wants it

[@mcsike7264]

@@EdisonMotors was just telling then that hydrogen ice is physically impossible since hydrogen needs to be at such low tems to stay in liquid form and in your case just swap out the ice engine for a fuel cell and put tanks that can take 10,000psi to store said hydrogen and hope you dont get in a serious accident XD

[@bradhaines3142]

@@mcsike7264 iirc toyota currently has a hydrogen car and they put 20,000 psi in that. very special tank to hold that and not leak, yes there are still accident concerns with it.

[@mcsike7264]

@@bradhaines3142 Ya that's gas hydrogen tho way less energy density than liquid hydrogen the Toyota miri gets the same range as a typical good ev but coast way more to fuel sure it ready in 5 mins but nit worth the price when ev charge times are in the 25 or lower min range

[@DamianCzech-tp1jz]

Great job 👍👏

[@BuildItAnyway]

its all fake money anyway 😅. I remember having negotiations with a startup regarding equity. And them being super tight assed regarding it. In the best case scenario it would have a value of like 200k in 5 years. And immediately want you to sign away like half of your salary for that lottery ticket. It obviously did not work out, just like 99,99% of the other situations like it. That 5% of the stock is sold at a specific value, does not mean that the other 95% would bring the same. Max fosh has a nice video about that. Anyway wish you guys the best , need to start somewhere 👍

[@mikemiller347]

Now THAT is a CEO!

[@1944chevytruck]

AWESOME!

[@openyoureyes3113]

I’m buying 100 shares. I am Canadian You also need to have a good valuation for cash flow banking purposes I think your validation is fair enough with lots of upside potential. The advantage Edison motor has You can sell the kits to other vehicle manufacturer. And you’re not building a big Manufacture plant. You’ll make a killing off the retro kits Because lots of guys will switch over to doing the retro kits installation. I’m signing up to do retro kit installations

[@EdisonMotors]

Thanks man - I really appreciate that a lot

[@LibertyOrD___h]

I think the vocational trucks are going to take over the whole North American market in the next 20 years if Edison Motors stays on track, even if the other companies start selling diesel electric trucks their companies are not focusing on the same principles

[@brightworksdetailing9746]

Woot woot for Aptera!

[@Slowrollingtheisland]

Agree completely with your approach

[@pothoc1]

Not sure if it intrest you but a 1980 Oshkosh P series just came up on Facebook Market Freedom Maine. I remember you talking about P series a lot so wasn't sure if it might be a dream truck.

[@zinzander2978]

I’m not saying they are a bad investment I am sure they are working hard but investing in any company at the start up stage is a huge gamble so only invest money you can afford to lose all off because that is a real and reasonably likely possibility. That isn’t unique to Edison that is any investment in a startup

[@EdisonMotors]

Thank you. I've been trying to say that as much as I can. This is a risky investment and I honestly don't want anyone investing any money they can't afford to lose. Any money you do invest in shares you likely won't be able to sell until the shares are publicly traded so the money will be tied up as well since Edison is a private company. Last thing I want is someone losing sleep at night over money they invested with us. We don't need the money that badly

[@Sah-o5m]

I think there are 2 types of investors. The first is "put money in XYZ company until ABC company looks better for next quarter". To this group when Apple spends $10 to make an iPhone that sells for $500, then they laugh all the way to the bank. Edison is not appropriate for these investors at this time. The 2nd type of investor is a person that sees a problem and wants to support companies that are working on the problem. These people are 'voting with their dollar'. Its not as profitable, but these investors sleep better at night knowing their money is being used for a worthy cause.

[@zinzander2978]

@@Sah-o5m yea I agree there is also a big difference in how easy it is to value a company that has consistent revenue streams and a track record to one that is developing a new product. Ultimately when a company is developing a new product especially in a relatively niece part of a market you don’t know how it will go and whether there will be market acceptance and profitability ever. Where you have an existing company it’s much easier to look at the revenue streams and growth and come to a more accurate valuation. Which is exactly what his examples show there was massive hype with those companies and people got burnt. Investing in something like Edison you have the potentially to possibly make a much larger return if it goes well but also you are much more likely to lose your money as there is no guarantee it will come to anything. As far as being up front I think Edison is doing well but there are a lot of people on social media who are naive when it comes to investing and throw there savings in NFTs and all kinds of things (not saying Edison is the same as an NFT) so they just need to be careful not to get caught up in the excitement.

[@ElixExo]

Errmm this is nice and all but I don't think that's how valuation works. Great work eitherway, I think this definitely deserves to be $200mn but that's for the market to decide once you go public 😅

[@ZacHartley]

Nikola is currently valued at 103 Million USD with 88 hydrogen trucks delivered and 78 BEV trucks as of Q324.

[@philipmackin1025]

Will/could Edison Motors use the waste heat from the diesel to warm the batteries, if required? In my experience, posted EV range is measured at a normal summer temp to get the best number. In real life, 06 Jan 2025 in Edmonton AB Canada the day started at -18C or 0.4F. My Chevy Bolt's advertised range was 410 km or 255 mi. In my area, winter range at temp in real life is -18C 185 km or 114 mi. Winter "range" is Oct to Apr. Bit of shock and awe there. Not an issue for myself as I knew of this massive issue BEFORE, I purchased my EV with the intent to only drive around the city or close by. Also have a Lvl 2 charger installed in the garage. More than met my expiations.

[@Sah-o5m]

Edison put out a video on this subject for how to keep the batteries warm on the Emcon electric snow plow in winter. They intend to run glycol through the diesel engine to warm it up, then run it through the inverters, generator, batteries, and axles to warm them up.

[@unclesquirrel6951]

I'll just be happy when I can actually invest . I absolutely love everything about this company and I see good things coming in the future I think investment in Edison Motors will be a wise decision. Unfortunately I don't have a large enough monthly or yearly income to qualify I just hope maybe someday the stock option will be available

[@alexm922]

Same and same

[@EdisonMotors]

Yeah, I'm sorry about that. It's the government rules, not ours

[@unclesquirrel6951]

@@EdisonMotorsI did by a shirt I guess that helps 😂

[@alexm922]

@@unclesquirrel6951 I'd love to get a shirt, but black and Florida don't mix.

[@stevej6824]

@@EdisonMotors That’s the problem with too much government control.

[@Onkar-i4s]

Need to properly document case study (ethos) of Edison Motors to guide other businesses like lighthouse in future.

[@francoisfortin5826]

it reminds me of the "La fontaine fable" The rabbit starts off way too fast and the turtle keeps a steady yet slow speed

[@johnfitbyfaithnet]

I'm not accredited but want to invest

[@mechanicalarcher4274]

I've not looked into this fully so this may be a stupid question but can we invest from Europe and do you intend to sell into the European market? Looking more for the pickup retrofit kits rather than semis

[@zachv12]

Super interested, but beyond your own valuation of the company, who have you consulted in developing your valuation Slow and methodical is good ... Informed is gooderer, I mean more better

[@Sah-o5m]

Hmm I wonder who would be a good unbiased 3rd party to review Edison?

[@Odd_Redneck]

Better investment than mine into elio motors

[@Sah-o5m]

I feel bad about Elio Motors. They showed promise.

[@Odd_Redneck]

@Sah-o5m and lied about it. It was simple enough but still didnt pull thru

[@JohnMarsing]

Your analysis seems reasonable. Good on you 👍

[@LibertyOrD___h]

Considering 1 truck will average $400k-$600k, I’d say $200 mil is reasonable and once Edison finishes its first 5 production trucks AND gets the new shop running it’s going to explode in value

[@EdisonMotors]

Yeah that's about where they come in at.

[@LibertyOrD___h]

@@EdisonMotors really reasonable price considering the dependability and repairability of such a machine, I remember seeing my first Pacific logging truck and in 80 years we will have a first gen Edison sitting beside a Pacific in a museum or still hauling logs from the bush😊

[@idiotsavant7276]

Interesting how markets are evaluated. I have hopes for Atlas, it’s the only passenger ev truck that looked more like a truck and designed with the intention of a pick up truck. The rest of the ev pick up market is basically luxury commuter vehicles. Sort what separates Edison from the rest of the market, they’re building plastic highway cruisers. You should see the current state of ICE trucks thought. We’re getting brand new Terex- Advance Mixers with Cummins x12 with check engine codes right from the factory. The electronics are overly complicated for simple features. It’s like a Japanese toilet, buttons for things that don’t need buttons.

[@fredbecker607]

Have you set a profit margin goal? I am just curious if you are going for high margin/ low production or lower profit margin and higher production? I am only envious that i can't get more involved.

[@Sah-o5m]

They're targeting new semis with high profit margin, low volume. And pickup retrofit kits for fleet vehicles that are low margin high volume.

[@bobvogt9750]

Does anyone know about the liquidity of this investment? Will Edison buy shares back if I want to sell 5 years from now if there is no IPO? Any other avenues to sell to other people after I buy?

[@SuperMcgenius]

Question , how do you protect from a big player buying your company’s Controlling shares. I think people who are either investing or fans of your company has a lot to do with you and your partner’s and character .😊

[@kenwieler8814]

totally trustworthy. really really want to invest

[@JonEOGara]

Your videos make me want to run away to Canada.

[@timgoodliffe]

while i do think that gains should be incremental, what are your goals for 2026? since the goals are 10 trucks this year, are you looking to double go up by 10% (11 trucks for 2026?)? or is it mainly going to be outfitting a shop?

[@DavidLeeKersey]

So many of these companies are worried about stock price and CEO pay first and product second.

[@awildumbreon8638]

edison is just ran by a actual person, no BS, no nothing, sees what a lot of people want and just says yeah i can do that, just bear with me cause it takes a bit of time, but im damn sure we are all here for the ride

[@TheRafael507]

God Bless you Edison Motors i live Panama how can invest in your company ?

[@nemesis_xvii]

Is there anyway for a Canadian to invest without meeting the 200k gross income threshold?

[@LibertyOrD___h]

Nope

[@Losermachine35]

So is there not a stock name we can go to a broker with im confused

[@Sah-o5m]

Edison stock is privately held. Its not on a public exchange. For more info go visit the Edison Motors website.

[@nononsenseBennett]

When can retail investors buy stock in Edison Motors?

[@LibertyOrD___h]

They don’t have foreseeable plans to go public from what I understand…. The problem with talking a company public is that it’s priority no longer is to tied to customer service and product quality but rather shifts to legally binding contracts with shareholders to maximize profits

[@patsquach4080]

Here’s a little. Food for thought……. As a truck builder ,building a truck from scratch would it be worthwhile to look into building a utility vehicle for private property…like a all wheel drive bare bones truck/tractor type that has a variety of components….. flatbed with folding sides so it can be a dump truck when needed ,a crane behind the operators seating , with out riggers , a attachable digging bucket. Like bobcat has attachments, maybe build it so you can use bobcat’s many different accessories . A unit that a farmer or contractor can use that AS a base unit that can be configured for their own needs . A unit that is a generator/welder/ flatdeck/backhoe/crane/forklift/dumptruck/pumptruck/woodchipper/towtruck/snowplow/ snowblower/ etc. etc …. A base unit that is built with the ability to add a wide variety of components,to create a unique vehicle for the owner to create for their own purposes and be able to build and repair them selves…. This is kind of a weird concept. BUT ! It’s worth thinking about at least …. Have a fun day …. lol. You can call it THE REDNECK …!

[@Sah-o5m]

I like it :) The Edison Redneck workhorse farmall. I can see the promo video in my head. The video shows a cowboy in the winter dragging hay off the bed. It's like a Mahindra Roxor. Off road only. No airbags, no backup cam, no ABS.