A breakdown of their expenditures would be interesting to see! Well, go BIG or go BROKE, the latter seems to have the upper hand at the moment. I bet they "enjoyed" spending the 140M "wisely".Lest we not forget, part of that $376M is now earmarked for 158 S-series vehicles...
And whatever further R&D it takes to get a real production-ready prototype to tool up from.
"We've raised 111 Million dollars and we've spent it wisely...." Hmmm.
So... Let's reflect...
Keep in mind that spending $14M of (actually) $140M "wisely" produced 5 unfinished prototypes.
Now... It doesn't matter whether all $14M was spent directly on those prototypes or not.
That's what it took to keep the company going and enable it to produce those 5 prototypes.
And it took a year to do that.
$14M / 5 = $2.8M per prototype. $2.8M x 158 = $442,400,000.
Hmmm.