Other than the Q3 financials results, the pending debt financing imposes a number of uncertainties. Just like ELVA said in the PR, there is no guarantee. We also don't know the conditions of the term sheet like the loan rate, is it a straight loan or convertible, etc.

Hope they come through with more favourable terms and close this deal soon. Once the gigafactory is a go, I would expect ELVA to announce some deals.