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Posted by
Two Blokes Jun 27 -
Filed in
Stock
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Lotus Technology Inc.'s top-line growth is slowing significantly, highlighted by a 46% year-over-year revenue decline in Q1, making revenues unpredictable. With razor-thin gross margins, Lotus is essentially selling cars at cost, preventing any meaningful profit on its core products. The company is hemorrhaging cash, leaving it with dangerously low reserves and unattractive financing options.
