Jul. 23 at 4:40 PM
$ASPN think with your heads, not with your hearts.
🔴Management guided to massively negative 2Q25 comps vs. 2Q24
🔴EV tax credit goes away September 30th and purchases will clearly slow when it goes away
🔴Technical charts won't tell you what's going to happen to sales in 4Q25, but clearly they won't be good and
$ASPN guidance for the remainder of the year is going to reflect that expectation.
$ASPN recognizes sales prior to manufacture of the car no on car sales on the lot. That means current quarter car sales are not a good indicator of current quarter sales for
$ASPN because it's filling orders for cars being manufactured now and to be sold in future quarters.
I'm looking to buy August
$7.50 puts, if someone wants to hedge their downside, they should write some. I have a
$0.40 limit order entered, so you can hedge at net value of
$7.90 going into earnings.
Clearly, I'm bearish near term.
