Theodore O'Neill's questions to ECD Automotive Design (ECDA) leadership • Q2 2025
Question
Theodore O'Neill of Litchfield Hills Research inquired about the rollout of the new Mustang program, asking for details on the pipeline and deliveries for the next year. He also questioned whether the $500 million Bitcoin financing facility was primarily a marketing or a financing tool.
Answer
Scott Wallace, Co-Founder, Chairman & CEO, detailed that the Mustang program has been a successful learning experience, overcoming initial supply chain challenges by moving panel fabrication in-house. He highlighted the program's early success with a first-place award and a growing backlog. CFO Victoria Hay explained that the Bitcoin equity facility serves a dual purpose: it acts as a marketing tool to engage crypto-native customers and as a strategic financing vehicle to fund business expansion, including new retail units and production lines.