Xos Inc
🧟 ZombieTrust Size
$407M
Peak Price
$15.68
Current Price
$0.50
Return
-95.0%
Peak Market Cap
$3.0B
What Happened
Electric truck maker for last-mile delivery. UPS was a customer. Crashed 97% as production scaled much slower than projected.
Xos merged with NextGen Acquisition Corp II in August 2021. The company builds electric step vans for commercial fleets — FedEx and UPS were customers. But EV truck manufacturing proved much harder to scale than promised. Production was in the hundreds, not thousands. Revenue grew slowly while losses mounted. Stock crashed from $16 to under $1.
Projections vs. Reality
Projected Revenue
$800M
What they told investors
Actual Revenue
$86M
What actually happened
Hype-to-Reality Ratio: 11.0x
Key People
Dakota Semler
CEO & Co-founder
Young entrepreneur, previously ran fleet management company
Timeline
2021-02
SPAC merger announced
2021-08
Merger completed
2022-06
Delivered only 41 trucks in Q1
2023-01
Stock below $1
2024-01
Still struggling to scale production
🔀 Reverse Stock Split
Reverse split ratio: 1:12. Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.
📄 SEC Filings
View all EDGAR filings for Xos Inc
Risk Scores
Dilution Score
70/100
Insider Profit Index
58/100
Hype-to-Reality Ratio
11.0x
Projected ÷ actual revenue