I agree.The reason for listing is to raise funds at the cheapest...

I agree.The reason for listing is to raise funds at the cheapest price. Selling or printing stock at the best price possible to new part owners of the business.
The higher the stock price the easier it is to be seen as a serious player in negotiations with European E V makers for instance.
This will also make it easier to create competition among potential customers. This in itself will have word of mouth marketing success in any field, especially one that is always in the media anyway, not at the expense of direct marketing to industry but in harmony with it. One hand washes the other.
The new owners of the business are for all intents and purposes investing for profit not a giant tax loss, 'that's the property market'.
One big deal will create this profit. In the meantime people have had their investment diluted and have felt deceived by the previous CEO and many lost a lot of money, most are still optimistic many are grumpy, I'm both.
Everyone now needs to walk and talk with care imo, as we appear to be on the cusp of great things (yes again) and really don't need salt rubbed into our wounds at times on a daily basis.
That said, I've added significantly to my holdings at these prices, the opportunity greatly outweighing the risk in my opinion. This is not just about cars and biotech... It's so much more and it's only 12,05am for this technology.
Sunday morning musings. DYOR.