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-0.00082372322899504 -0.00123558484349263 -0.00082372322899504 0 -0.00164744645799008 -0.00247116968698512 -0.00741350906095551 -0.00906095551894559
Stock impact report

Here's why so many electric vehicle startups fail [CNBC]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: CNBC
Many of the companies that have tried to bring products to market or go public, especially through Special Purpose Acquisition Companies, or SPACs, are struggling. At least 30 EV companies have either suspended their operations, gone quiet or faced the risk of bankruptcy in the last decade, according to AutoForecast Solutions, an industry research and forecasting group. “Tesla, outside of the Chinese, is kind of the first automaker to start in half a century,” said Mark Wakefield, managing director at AlixPartners. “Rivian and Lucid are sort of the next two closest of the Western ones. Both of them have eviscerated $10 billion. So it's interesting to see these other small startups who raise $1 billion or $2 billion and they think that's enough. It's not even close.” The growing EV market has benefited from the support of governments seeking to meet climate goals, and captured the attention of Wall Street. Tesla saw so much success with investors that many skeptics called it a “ c Show less Read more
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