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Aptera Motors Corp. Class B
(NASDAQ:SEV)
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Rating:41Neutral
Price Target:
$1.50
▼(-34.78% Downside)
Action:Reiterated
Date:10/21/26
The score is primarily held down by weak financial strength (negative equity, heavy leverage, and lack of clear positive operating/free cash flow) and bearish technicals (below major moving averages with negative MACD). Valuation is only mildly offsetting, as the negative P/E reduces confidence in earnings-based valuation support.
Positive Factors
Initial Revenue Traction
The 2025 revenue ramp and solid gross margin indicate that Aptera has begun moving beyond a purely pre-revenue development profile. If this early commercial traction continues, it can provide a foundation for scaling, customer adoption, and improved operating leverage as production expands.
Negative Factors
Weak Balance Sheet
Negative equity combined with sizable debt leaves Aptera with limited balance-sheet flexibility relative to its development and production ambitions. This capital structure increases financial risk, constrains future choices, and makes execution more dependent on external funding or improved operating results.
Read all positive and negative factors
Positive Factors
Negative Factors
Initial Revenue Traction
The 2025 revenue ramp and solid gross margin indicate that Aptera has begun moving beyond a purely pre-revenue development profile. If this early commercial traction continues, it can provide a foundation for scaling, customer adoption, and improved operating leverage as production expands.
Read all positive factors
Aptera Motors Corp. Class B (SEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$61.81M
Dividend YieldN/A
Average Volume (3M)295.06K
Price to Earnings (P/E)―
Beta (1Y)1.73
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees46
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-1.37
Shares Outstanding28,949,488
10 Day Avg. Volume268,490
30 Day Avg. Volume295,062
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)-1.12
Price to Sales (P/S)0.00
P/FCF Ratio-7.19
Enterprise Value/Market Cap1.33
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-478.61
Enterprise Value/Ebitda-1.88
Forecast
1Y Price Target
$5.00Price Target Upside117.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.01
Revenue Forecast (FY)$136.67K
Aptera Motors Corp. Class B Business Overview & Revenue Model
Company Description
Aptera Motors Corp. is a solar-mobility innovator focused on creating exceptionally efficient solar electric vehicles (sEVs). The company's flagship product is a unique two-person, three-wheeled vehicle, meticulously engineered for ultimate effici...
How the Company Makes Money
Aptera’s primary intended revenue model is selling its solar-assisted electric vehicles to customers, generating revenue from vehicle sales once commercial production and deliveries occur. Additional expected revenue streams include customer depos...
Aptera Motors Corp. Class B Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -172.00K | 0.00 | 0.00 | -449.00K | -252.00K | -14.59K |
| EBITDA | -43.88M | -47.54M | -36.62M | -58.61M | -81.48M | -96.51M |
| Net Income | -42.05M | -43.91M | -37.12M | -59.29M | -82.28M | -96.52M |
Balance Sheet | ||||||
| Total Assets | 32.60M | 1.42B | 35.21M | 38.41M | 39.92M | 24.24M |
| Cash, Cash Equivalents and Short-Term Investments | 10.13M | 206.00M | 1.35B | 16.97M | 10.78M | 19.33M |
| Total Debt | 2.19M | 574.00M | 24.66B | 3.41M | 14.35M | 59.60K |
| Total Liabilities | 8.03M | 1.53B | 8.04M | 12.91M | 22.96M | 84.77M |
| Stockholders Equity | 24.57M | -107.00M | 26.89M | 25.50M | 16.96M | -60.53M |
Cash Flow | ||||||
| Free Cash Flow | -25.67M | -16.69M | -26.07M | -25.11M | -47.16M | -14.33M |
| Operating Cash Flow | -24.07M | -15.26M | -22.50M | -19.68M | -35.86M | -14.02M |
| Investing Cash Flow | -1.61M | -1.43M | -3.57M | -5.43M | -11.30M | -306.88K |
| Financing Cash Flow | 22.73M | 13.14M | 22.27M | 31.31M | 38.60M | 33.01M |
Aptera Motors Corp. Class B Technical Analysis
Negative
2.30
Price Trends
1.98
Negative
2.01
Negative
2.31
Negative
Market Momentum
-0.16
Negative
37.36
Neutral
25.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEV, the sentiment is Negative. The current price of 2.3 is above the 20-day moving average (MA) of 1.61, above the 50-day MA of 1.98, and below the 200-day MA of 2.31, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 37.36 is Neutral, neither overbought nor oversold. The STOCH value of 25.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEV.
Aptera Motors Corp. Class B Risk Analysis
Aptera Motors Corp. Class B disclosed 51 risk factors in its most recent earnings report. Aptera Motors Corp. Class B reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aptera Motors Corp. Class B Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | $3.06M | -0.17 | 9999.00% | ― | ― | ― | |
44 Neutral | $28.41M | -0.40 | -253.36% | ― | 112.11% | 96.59% | |
41 Neutral | $61.81M | -1.10 | 658.45% | ― | ― | ― | |
39 Underperform | $41.15M | -0.03 | -153.17% | ― | -39.70% | 13.16% |
* General Sector Average
SEV
Aptera Motors Corp. Class B
1.51
-6.28
-80.62%
WKHS
Workhorse Group
2.60
-10.48
-80.12%
CENN
Cenntro Electric Group
2.34
-11.84
-83.50%
SSM
Sono Group
1.13
-7.55
-86.98%
Aptera Motors Corp. Class B Corporate Events
Business Operations and StrategyExecutive/Board Changes
Aptera Motors Extends Interim CFO Engagement and Incentives
Positive
Oct 21, 2026
On October 16, 2026, Aptera Motors Corp.’s board approved an amendment to the engagement letter with Interim Chief Financial Officer Tom DaPolito, originally dated August 25, 2025. The change extends DaPolito’s engagement through Octob...
Business Operations and StrategyFinancial Disclosures
Aptera Lowers Capital Needs, Advances Lean EV Production
Positive
Oct 1, 2026
Aptera Motors Corp., a Carlsbad‑based solar mobility company developing an ultra‑efficient solar electric vehicle, is positioning itself in the EV market as a capital‑efficient, sustainability‑focused public benefit corpora...
Business Operations and StrategyPrivate Placements and Financing
Aptera Motors Launches Strategic Manufacturing Partnership in China
Positive
Aug 20, 2026
On August 14, 2026, Aptera Motors Corp. entered into a strategic partnership with Shanghai Launch Automotive Technology Co., Ltd., under which Launch will provide manufacturing, engineering, tooling, testing and related services for Aptera’s...
Business Operations and StrategyPrivate Placements and Financing
Aptera Forms Strategic Partnership to Scale Solar EV Production
Positive
Aug 20, 2026
On August 20, 2026, Aptera Motors announced a strategic partnership and investment agreement with Launch Design, also known as Shanghai Launch Automotive Technology Co., Ltd., to support its transition to high-volume production of solar electric v...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Aptera Motors Adds Independent Director to Board
Positive
Aug 14, 2026
On August 11, 2026, Aptera Motors Corp. expanded its board of directors from four to five members and appointed Wellington J. Reiter as an independent director, effective the same day. Reiter also joined the company’s Audit Committee, reinfo...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aptera Motors Highlights Q2 Losses and Production Progress
Negative
Aug 12, 2026
In its August 12, 2026 update, Aptera Motors reported a Q2 2026 GAAP net loss of $10.9 million and a first‑half GAAP net loss of $21.1 million, with non‑GAAP adjusted net losses of $7.2 million and $13.4 million respectively, while red...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.