Aptera cuts production launch cost to $25M, stock drops 15%

Aptera says it now needs about $25 million to start production of its Solar EV, down from the $40–45 million cited seven weeks ago. The full plan totals roughly $115 million versus $180–205 million before. Shares fell about 15%, leaving a market cap near $69 million, with customer deliveries pushed to early 2027 subject to financing.

• Production start: $25M, first 40 vehicles by end of 2026
• Ramping to 500 vehicles per month needs another $40M
• Full plan totals $115M versus $180–205M previously
• Stock fell 15%, market cap around $69M