Elias
Elio Aficionado
The answer to the question "why the stock is price dropping?" is the same as the answer to "why did the stock appreciate so fast?" Speculation.
There have been no real fundamental changes on which to base large swings in the price. But, the stock market rarely is driven by facts. Fear, greed, hope, and a need for liquidity? Absolutely. Data? Only sometimes.
Although I kind of agree with your statement, this stock will raise based on consumer consumption for the product in masses. The Elio is the iPhone of cars. Everyone must have one. This is the time to stay put and enjoy the ride and watch history be made on three wheels.