Aptera Motors Corp. Class B (SEV) AI Stock Analysis

• Market Cap: $125.48M
• Dividend Yield: N/A
• Average Volume (3M): 154.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.41
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 33
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 10,159,928
• 10 Day Avg. Volume: 197,506
• 30 Day Avg. Volume: 154,518
• PEG Ratio: >-0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.79
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $4.50 ▼(-19.06% Downside)

The score is primarily weighed down by very weak financial performance (pre-revenue profile, ongoing losses/cash burn, and a highly stressed balance sheet with high debt and negative equity). Technical indicators also point to bearish momentum. Corporate events are mixed, with financing access offset by grant reimbursement uncertainty, while valuation provides limited support given ongoing losses and no dividend yield data.

Aptera Motors Corp. Class B Business Overview & Revenue Model

Company Description

A solar-mobility company developing highly efficient solar electric vehicles (sEVs). Its flagship vehicle is a two-passenger, three-wheeled model designed for extreme efficiency, combining solar panels, lightweight materials, and aerodynamics. The company has not yet commenced mass production or generated revenue.

How the Company Makes Money

Aptera Motors Corp. Class B Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	100.00K	0.00	0.00	0.00	0.00	0.00
Gross Profit	43.00K	0.00	-449.00K	-252.00K	-14.59K	-1.84K
EBITDA	-985.00K	-398.00M	-58.61M	-81.48M	-96.51M	-4.19M
Net Income	6.63M	65.03B	-59.29M	-82.28M	-96.52M	-4.19M
Balance Sheet
Total Assets	3.96M	3.05B	38.41M	39.92M	24.24M	1.20M
Cash, Cash Equivalents and Short-Term Investments	2.25M	1.35B	16.97M	10.78M	19.33M	653.77K
Total Debt	588.00K	24.66B	3.41M	14.35M	59.60K	0.00
Total Liabilities	1.45M	25.73B	12.91M	22.96M	84.77M	2.21M
Stockholders Equity	2.51M	-22.68B	25.50M	16.96M	-60.53M	-1.01M
Cash Flow
Free Cash Flow	868.00K	-14.70M	-25.11M	-47.16M	-14.33M	-3.01M
Operating Cash Flow	868.00K	-14.70M	-19.68M	-35.86M	-14.02M	-3.01M
Investing Cash Flow	-20.00K	1.20M	-5.43M	-11.30M	-306.88K	0.00
Financing Cash Flow	11.02M	7.00M	31.31M	38.60M	33.01M	3.47M

Aptera Motors Corp. Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SSM	48 Neutral	$10.54M	0.02	―	―	-100.00%	―
EVTV	47 Neutral	$14.97M	-0.27	-267.76%	―	113.69%	-84.50%
SEV	44 Neutral	$125.48M	-3.58	―	―	―	―
WKHS	42 Neutral	$11.52M	-0.03	-162.44%	―	16.74%	81.14%
CENN	40 Neutral	$13.41M	-0.13	-30.79%	―	-56.89%	12.17%

Aptera Motors Corp. Class B Corporate Events

Aptera Motors Updates Investor Presentation and Communications

Aptera Motors Corp. Class B disclosed that, starting on or after January 9, 2026, it may use a new investor presentation in meetings with investors, analysts and other stakeholders, and that the slides, in substantially the same form, will be made available on the company’s website. The materials were furnished to the U.S. Securities and Exchange Commission for informational purposes rather than filed as part of its formal reporting, signaling a move to enhance investor communications without altering the company’s existing regulatory disclosure framework.

The most recent analyst rating on (SEV) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Aptera Motors Corp. Class B stock, see the SEV Stock Forecast page.

Aptera Motors Faces Revised CEC Milestone Requirements

Aptera Motors Corp. has been in discussions with the California Energy Commission (CEC) regarding adjustments to its milestone schedule requirements. On November 18, 2025, the CEC revised these milestones, ensuring the grant agreement remains intact but altering the reimbursement process to be contingent on meeting the new milestones. Consequently, Aptera does not expect further reimbursements from the CEC in 2025, and there is uncertainty about meeting the milestones to secure the full grant disbursements.

Aptera Motors Lists on Nasdaq, Secures $75M Credit

Aptera Motors Corp. reported a GAAP net loss of $5.5 million for Q3 2025 and a nine-month net loss of $28.4 million. The company recognized $2.5 million in other income for the quarter, mainly from a California Energy Commission grant, and ended the quarter with $12 million in cash. Aptera has recently listed on Nasdaq and secured a $75 million equity line of credit to support its transition to low-volume production, although its cash position raises concerns about its ability to continue as a going concern.

Aptera Motors Secures $75M Equity Line Facility

On November 13, 2025, Aptera Motors Corp. announced the effectiveness of its S-1 Registration Statement for a $75 million equity line of credit facility with New Circle Principal Investments LLC. This facility allows Aptera to sell up to $75 million of its Class B common stock, providing flexible capital access to support its operational and strategic goals, including the production of its Launch Edition vehicles.

Aptera Motors Transitions to Public Benefit Corporation

On October 22, 2025, Aptera Motors Corp. announced its transition to a Public Benefit Corporation (PBC) under Delaware law, reflecting its mission to promote solar mobility and sustainability. The company also appointed industry veterans Tony Kirton and Todd Butz to its Board of Directors, enhancing its leadership with expertise in automotive operations and financial management to support its growth and commitment to environmental responsibility.