> simple ATM equity offering There's no equity being offered here, there's no upside on offer at all beyond getting a truck. This money isn't revenue, it is m

> simple ATM equity offering There's no equity being offered here, there's no upside on offer at all beyond getting a truck. This money isn't revenue, it is merely a pre-payment towards an NRE for building a car. The best take is that it looks a lot like a Kickstarter style "proof of a market" without actually selling anything but the promise to build the thing everyone's interested in.