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  "documentTitle": "GreenPower Motor Company (GP)",
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  "authorName": "White Diamond Research",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-12-01 00:00:00",
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  "notes": "This is a short-seller research note highlighting discrepancies between investor presentation claims and actual production capabilities.",
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      "text": "Notice the above words “can be built” but not “is built” with Buy America Compliance.",
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      "text": "Federal Transit Incentives – As the only Class 4 EV that has passed Altoona Testing and can be built with Buy America Compliance, GreenPower's EV Star is eligible for incentives equaling 80% of the purchase price for transit buyers",
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      "kind": "list",
      "text": "The Eurise: Price = $55K-$70K",
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      "text": "Atkinson is saying in the above statement that right now, GreenPower’s buses aren’t Buy America compliant. However, he hopes in the future, in “at least two quarters”, they will be. We believe GreenPower will assemble a token number of Buy America compliant vehicles, perhaps 5-10, just to say they did in a PR and for promotional purposes.",
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      "kind": "paragraph",
      "text": "Source: GreenPower Oct 2020 Investor Presentation. Above it explicitly states that the EV Star is Buy America compliant, even though GreenPower has never sold a Buy America compliant one, but simply a re-logoed Eurise.",
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      "text": "On GreenPower’s fiscal Q121 earnings call on 8/31/20, Atkinson stated: “In the case of the Buy America EV Star or the Buy America compliant that takes longer than the sort of the just the regular EV Star passenger vehicles. So that would be at least two quarters out from when we get into the production.”",
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      "kind": "paragraph",
      "text": "Notice the above words “can be built” but not “is built” with Buy America Compliance. GreenPower’s warehouse manager told our source that the EV Star isn’t built right now with Buy America compliance, but it has the potential to be at a much higher cost.",
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      "text": "In the case of the Buy America EV Star or the Buy America compliant that takes longer than the sort of the just the regular EV Star passenger vehicles. So that would be at least two quarters out from when we get into the production. — Atkinson",
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      "kind": "title",
      "text": "Three Of Internally The Same Bus, Three Vastly Different Prices",
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