Capital Expenditure ChallengesThe company continues to face significant cash operating costs and capital expenditures as manufacturing ramps up, with fourth-quarter cash operating costs expected to be around $65 million and capital expenditures forecasted between $275-325 million.
Cost ManagementEngineering and general administrative costs were higher than anticipated, totaling $41 million and $30 million, respectively, compared to estimates.
Revenue ShortfallThird quarter revenues fell short of expectations with $15 million compared to estimates of $19 million and $20 million, respectively.