Ola Electric Mobility shares experienced a notable shift in momentum following a legal reprieve for its leadership. The Bombay High Court at Goa has stayed an arrest warrant issued against CEO Bhavish Aggarwal by a consumer disputes commission. This judicial intervention halted a four-session losing streak, providing a temporary floor for a stock that has faced intense selling pressure. Despite the legal breather, the company’s market performance remains under significant duress. The stock recently touched an all-time low of **₹27.36** on the BSE, representing an **82%** collapse from its peak of **₹157.40** reached in August 2024. Market capitalization has eroded to approximately **₹12,716 crore** as the scrip continues to trade well below its IPO price of **₹76**. Financial results for the quarter ended December 2025 highlight a period of aggressive "structural reset." While net loss narrowed to **₹487 crore** from **₹564 crore** in the previous year, revenue from operations plummeted by **55%** to **₹470 crore**. This sharp decline is attributed to a massive drop in deliveries, which fell to **32,680 units** compared to over **84,000 units** in the same period last year. The company is currently executing a lean operating model to lower its break-even point. Recent strategic moves include reducing the retail store count from over **4,000** to approximately **700** and slashing quarterly operating expenditure to **₹484 crore**. Management aims to further reduce this spend to a steady state of **₹250–300 crore**, which would lower the EBITDA break-even threshold to roughly **15,000 units** per month. Market dynamics show Ola Electric losing ground to both legacy manufacturers and agile competitors. In the two-wheeler segment, the company has slipped to the fifth position in recent rankings, with players like Ampere and legacy giants TVS and Bajaj gaining traction. Analysts have flagged persistent headwinds, including sluggish EV penetration growth and service-related challenges that have impacted brand perception. Brokers have responded with caution, with some slashing target prices to as low as **₹20** and **₹27**, citing concerns over negative cash flows and rising net debt. However, the company maintains that its vertical integration strategy and the upcoming completion of its Gigafactory by March 2026 will provide a long-term cost advantage as the industry stabilizes.