Battery And Powertrain Certification RiskBattery and electric powertrain systems remain primary certification bottlenecks because those technologies have not previously been certified on an aircraft, increasing the risk of prolonged approval timelines.
Certification Timing And Funding UncertaintyLimited visibility on certification timing and uncertain readiness for required transition testing amplify the likelihood of delays and increase the probability of future capital raises, which could pressure the stock.
Rising Operating Losses And Cash BurnEscalating research, development, and administrative expenses have widened operating losses and raised cash burn as production and certification activities scale, heightening the need for additional funding.