Buyers commenced out 2022 believing there was home for electric auto start out-ups to disrupt the classic business. That see is fading. Now buyers believe that that making a auto is a great deal harder than they ever imagined.
Most electric powered car get started-ups are trading for a compact fraction of what they were being at the commence of the yr. For U.S. start off-ups, only
Rivian Automotive
(RIVN),
Lucid
(LCID) and
Fisker
(FSR) however have marketplace capitalizations earlier mentioned $1 billion.
Buyers commenced out 2022 believing there was home for electric auto start out-ups to disrupt the classic business. That see is fading. Now buyers believe that that making a auto is a great deal harder than they ever imagined.
Most electric powered car get started-ups are trading for a compact fraction of what they were being at the commence of the yr. For U.S. start off-ups, only
Rivian Automotive
(RIVN),
Lucid
(LCID) and
Fisker
(FSR) however have marketplace capitalizations earlier mentioned $1 billion.
