Oct. 15 at 5:48 PM
Did all you
$ASPN chartists miss the GM announcement?
GM is so convinced EV's adoption rates are slowing they took
$1.6 billion write down on its EV business. They described it as "adjustments to our EV capacity". They also warned that further write downs could be coming.
Who is
$ASPN's #1 customer?
How does
$ASPN grow its EV-business when #1 customer is curtailing capacity?
How does any of this justify the stock moving up 7% today?
Buying a stock based on daily trading patterns, like "oh my stock is up, chart looks good baby. . . buy more", when fundamentals are deteriorating is a recipe for disaster.
Perhaps instead of reading charts, you should read some business news or SEC filings?
https://www.bloomberg.com/opinion/articles/2025-10-14/gm-just-delivered-1-6-billion-in-bad-news-for-ev-makers
https://investor.gm.com/node/27881/html