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The current conditions echo a previous short squeeze observed during 2020, which propelled the stock from approximately $1 to a remarkable $60 per share. As short interest remains high compared to its competitors, the potential for significant stock rallies is ripe should the company succeed in maintaining momentum.
While recent deliveries may not have been the strongest, Neo's targeted changes indicate a focus on establishing a solid foundation for long-term prospects, especially with the anticipated release of the 2025 model on the horizon.