Aptera Motors shares rise 5% after narrower Q3 loss

CARLSBAD, Calif. - On Monday, Aptera Motors Corp. (NASDAQ:SEV), a solar mobility company developing ultra-efficient electric vehicles, reported a narrower-than-expected adjusted loss for the third quarter of 2025.

The company’s shares were up 5.45% in pre-market trading following the results.

The company posted an adjusted net loss of -$0.12 per share for the third quarter, as it continues to work toward vehicle validation and production. Aptera ended the quarter with $12.0 million in cash and cash equivalents, while recognizing $2.5 million in other income primarily from a California Energy Commission grant.

"Our third quarter was focused on disciplined execution as we prepared for our transition to a public company," said Chris Anthony, Co-CEO of Aptera. "We’ve begun building out our validation line and managed our cash burn, supported by $2.5 million in grant funding from the California Energy Commission."

Operating expenses for the quarter decreased to $7.9 million compared to $8.3 million in the same period last year. The company’s GAAP net loss for the quarter was -$0.23 per share or $5.5 million, an improvement from -$0.35 per share or $8.2 million in the third quarter of 2024.

Following the quarter’s end, Aptera began trading on the Nasdaq Capital Market on October 16 and secured an equity line of credit for up to $75 million, providing a potential pathway to additional capital. However, the company noted in its 10-Q filing that its current cash position "raises substantial doubt about the Company’s ability to continue as a going concern."

The company is currently focused on building out its validation vehicle assembly line and assembling its validation fleet using production-intent parts as it works toward eventual production of its solar-powered electric vehicle.

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