The South African case didn't seem to indicate any missed deadlines, but pure impatience on the part of the dealer who seemed to want preferential treatment.
Not quite.
Granted, the only source of info on that case is the dealer's long post on Facebook; AFAICS there's been no Lightning public reaction, nor have any of the various writers/bloggers who've mentioned the case contacted either Lightning or the dealer for further details (if they did, they didn't write about it).
The one-sidedness granted, the dealer most certainly complains about:
A missed deadline to deliver the bike, further violations of their contract, then additional violations of agreements to resolve their issue, and eventually, a refusal to either refund the full payment for an LS-218 @ US$40K or deliver it.
He also complained about physical threats by Hatfied that required police intervention (which I would think crazy, except that there's a public YouTube video of Hatfield cursing and threatening Brandon Miller as well).
https://www.facebook.com/story.php?story_fbid=10219987769068102&id=1339250492Lightning is way behind on their production promises, but so far they do seem to be trying to keep them.
This story doesn't give that impression.
Frankly, neither does the fact that after multiple revisions of the Lightning web pages, the relative specs of the 3 models still make no sense content-wise.
I wonder how they're keeping the lights on?
Excellent question, I've also been wondering, and have yet to find recent investment reports. Investment arms of public corporations would have to publicize investment.
Previous reported investments were too little too far in the past to go into series production.
While there may be legal requirement for private VCs or angel investors to publicize anything, in practice there's every reason for them to do so given Lightning isn't in stealth mode. Ditto for Lightning itself.
So, either they're selling enough to cover expenses (unlikely), or doing consulting work.