Yes it's subsidized. $383 mil from the State of Michigan, $250 mil. from the Feds.
From Schaeffer's Investment Research:
...On the other end of the spectrum, AONE fell as far south as $2.43 in today's trading, marking a new all-time nadir for the beaten-down battery specialist. The stock is hovering about one point below resistance at its 10-week and 20-week moving averages, which have collaborated to thwart all of AONE's rally attempts since March. Year-to-date, the stock has suffered a steep decline of 71.7%.
However, bears aren't expecting AONE to find a floor anytime soon. Following a 7.5% increase over the past month, short interest now accounts for a noteworthy 19.3% of AONE's float -- or 8.1 times the stock's average daily trading volume. In other words, there are plenty of skeptics betting on the shares to fall even lower on the charts.