Good post, Ears. Thanks for sharing.

It's remarkable that there's such a huge short position out there even after the business announcements and the signs of inflation coming under control while the economy ticks along. If they can get cash burn to zero next quarter like you project, that short interest could convert to some more nice gains as some of them give up the dream of a bankrupt UPST.

Short term interest rates are still rising, which isn't good for Upstart, but I agree with you that the auto business looks promising, and certainly it's great for the company to have secured a funding partner.

I do still worry about how much stock compensation the management awards themselves and other employees, but I love the business model and addressable market, so I'm hopeful they can resume growth and profitability that outstrips that issue.

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