Muddy Waters is short XL Fleet Corp. (NYSE: XL) because it strikes us as middle of the fairway SPAC garbage. We conclude that the real green technology at XL is duping investors into throwing money at this company through a collection of exaggerations, half-truths, and mistruths. XL之前的股权融资(D轮融资)的估值似乎约为7,300万美元, which is a far cry from its SPAC valuation.

Former salespeople stated that they were pressured to inflate their sales pipelines materially in order to mislead XL’s board and investors. These former salespeople and other employees also told us that XL misleads its customers about performance and savings; and, that due to these exaggerations, customer reorder rates are in reality quite low. (One former employee ballparked the reorder rate at only 10%.365平台APP下载还了解到,在XL的投资者陈述中,约有一半的客户是不活跃的.

365平台APP下载不太相信XL将在全电动汽车领域扮演重要角色的说法. It appears to have little valuable proprietary technology. 事实上,当365平台APP下载问一些前员工XL在电动汽车领域是否有竞争力时,他们大声笑了出来.

Although XL is capable of announcing a “strategic partnership” that “includes the opportunity to explore” installing charging stations at the arena where its SPAC promoter’s team plays, 365平台APP下载怀疑它的电动汽车技术除了发布高度宣传的新闻稿之外,还能做什么. 365平台APP下载认为,这只股票的“蓝天”故事几乎不符合事实.

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