Here's why so many electric vehicle startups fail
Publishing timestamp: 2024-04-18 11:00:01
Summary
Many EV startups have underestimated their capital needs, leading to failures. Tesla has dominated the market, but many other companies are struggling. The industry is highly capital-intensive and competitive, with a history of consolidation. Successful companies are highly vertically integrated.
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Tickers: STLA, STLAM-IT, F, GM, TSLA, AAPL,
Keywords: business news, start-up, electric vehicles, electric vehicle manufacturing, detroit, autos, general motors co, start-ups, ford motor co, apple inc, stellantis nv, tesla inc,
Source: https://www.cnbc.com/2024/04/18/why-so-many-electric-vehicle-startups-fail.html