[zator11]

Been following Taiga for a bit and glad to see some effort with the bs epa standards. Hope they make it

Taiga Motors Secures $40 Million In Funding From Northern Private Capital, Investissement Quebec

Electric powersports company Taiga Motors (TSX: TAIG) is evidently undergoing severe financial difficulties. The firm this morning revealed that in

thedeepdive.ca

 

[Dixie]

Been following Taiga for a bit and glad to see some effort with the bs epa standards. Hope they make it

Taiga Motors Secures $40 Million In Funding From Northern Private Capital, Investissement Quebec

Electric powersports company Taiga Motors (TSX: TAIG) is evidently undergoing severe financial difficulties. The firm this morning revealed that in

thedeepdive.ca

I don’t know the inner workings of taiga but skidoo announcing their electric sleds for resorts this year is a massive blow to taiga and I think skidoo timed it perfectly; let taiga build the case for an electric resort sled, then start selling your own before they can get to market in volume.

good for taiga for changing the industry a bit, but that investment Looks like they’re packaging and bandaging it up to sell it to brp.

 

[Caper11]

You mean 3 and a half sled manufacturers.

Yamaha has not build a sled in years thats their own.

 

[I.P.Yellow]

Well. I’m not sure how long Taiga has been in business but I believe we have been talking about them for a couple years but the following would concern me as an investor. You've sold less than 150 vehicles in one quarter and burned through 14.5 million in less than two months. Holy S*#! Batman.

The firm also revealed it sold 36 personal watercrafts and 104 vehicles in the fourth quarter, generation revenues of $1.3 million. Full year revenues for 2022 are pegged at $3.1 million. The company is said to have cash of $22.8 million as of December 31, which dwindled to $8.3 million as of February 28.

 

[I-AM-REV]

Well. I’m not sure how long Taiga has been in business but I believe we have been talking about them for a couple years but the following would concern me as an investor. You've sold less than 150 vehicles in one quarter and burned through 14.5 million in less than two months. Holy S*#! Batman.

The firm also revealed it sold 36 personal watercrafts and 104 vehicles in the fourth quarter, generation revenues of $1.3 million. Full year revenues for 2022 are pegged at $3.1 million. The company is said to have cash of $22.8 million as of December 31, which dwindled to $8.3 million as of February 28.

Yeah.. Those numbers are very concerning..

its hard for normal manufacturers with established customer bases to make it these days. it has to be extremely tough for a electric only recreational vehicle company to make it.

 

[Yamdoo]

Every cutting edge venture is full of risk and full of reward. Taiga is dancing on the knife edge. They have lined up another series of investors willing to take the risk. The wolf will come calling though if Taiga does not pull through.

Taiga Motors Raises C$40.2M in Private Placement, Aims to Ramp Up Production of All-Electric Powersports Vehicles

By Adriano Marchese Taiga Motors Corp. said Friday that it is raising 40.2 million Canadian dollars ($29.3 million) through a private placement of secured...

www.marketwatch.com

 

[MX-Z Man]

I'd sure like to see their business model because so far everything I've seen come out of Taiga, along with the other financial stuff, what they are currently doing is simply not sustainable.

Lots of delays, over promising, under delivering, delays, inflated costs and spending - I know at this point I wouldn't invest a dime in them.

That's said, I absolutely 100% hope I'm wrong. I hope they turn out to be a wildly successful company that I wasn't smart enough to invest in. 😁

 

[ateick]

I wish them the best as well but I don't think they're going to be able to penetrate the market with enough volume to stop Ski Doo or Polaris from just leap frogging over them.

 

[origYeti]

Yikes. It's not if, it's when they will fold up shop.

My money is on BRP evaluating the company and if there is anything worth buying, they will take them over for pennies on the dollar.

The Taiga collapse will happen in 2023 and by this time next year, BRP will announce some kind of friendly acquisition.

 

[BadAssFinn]

The only thing that others might be after are patents. And all the patents that Taiga has, are open for review. For sure BRP has gone trough those with a care. If there would have been something that they would be interested in, they would have bought that company years a go. But no. They have not proven that their technology is something that no one else can produce. BRP bought patents from the Atlas company and now they are all ready making their own electric sleds.
In the beginning I had high hopes for Taiga. But after all the delays and big talks I figured that they are just a tech startup like others.To bad, cause their mountain sled looked really nice.

 

[Mill]

They are far far away from actually being the 5th sled company.

Surviving on gov enviro subsidies and investors cash is not a business model.

I hope all manufacturers survive, in the end we get better competition at better prices.

However not every ice product we use is a suitable candidate to be electrified.

Sent from my Pixel 3 XL using Tapatalk

 

[Alatalo]

5th sled company…?

I was under the impression we have currently got five - Arctic Cat, Lynx, Polaris, Ski-Doo and Yamaha…?

But only three if you count the coop ones - BRP, Polaris and Yamacat…

 

[County Line]

They will be around as long as the govn't freebies and handouts exist, something like wind turbine companies

 

[srocher]

Mark my words, in 12 months, BRP or KTM will own Taiga.

 

[origYeti]

The only thing that others might be after are patents. And all the patents that Taiga has, are open for review. For sure BRP has gone trough those with a care. If there would have been something that they would be interested in, they would have bought that company years a go.

I don't think there was anything to buy until now. An aggressive start-up projecting a Tesla vibe with big investor cash in hand is at maximum hype and therefore maximum value.

Gotta let that crap die down before you can see what's real and what's smoke and mirrors.

To me BRP has been laser-focused on their own progress and was never worried about Taiga. If Taiga goes down they'll have a look, yawn, and decide if there is anything to salvage from the wreckage.

 

[MX-Z Man]

It looks like Ford is proving the electric stuff can be challenging if making money is your objective. Fortunately they have other divisions that can help clean up the mess for now. It does make you wonder what'll happen when the ICE division isn't there to prop up the EV stuff.

And this sure doesn't seem like a smart business model to follow, but the mandates are coming fast...

The Detroit automaker expects 2023 to unfold along similar lines, forecasting an adjusted loss of $3 billion for its EV unit...

and...

Those 2022 Model e losses more than doubled unit losses from 2021, as the company continues to ramp up EV production.

So the more units you sell the more $$$ you lose - that is not a business model that can survive on its own.

In Taigas case there is no other division to help with the endless bleeding...

Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.

www.cnbc.com