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Featured In COVID-19 crisis, electric auto startups race to stay on track

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by SFO, Apr 16, 2020.

  1. SFO

    SFO Senior Member

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    COVID-19 has hit the U.S. auto industry hard, but the most precarious companies might be the handful of electric auto startups on the cusp of key vehicle launches.


    Rivian, Lordstown Motors, Lucid, Bollinger Motors, Faraday Future, and Fisker are leading a historic wave of startups that, inspired by the success of Silicon Valley’s Tesla, see a new future of battery-powered sedans and trucks. But with their first products in the pipeline, the coronavirus threatens the capital flows and customer base they need to survive.    ​

    Article at : Henry Payne » In COVID-19 crisis, electric auto startups race to stay on track
     
    #1 SFO, Apr 16, 2020
  2. bisco

    bisco cookie crumbler

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    unfortunate, but most of them probably would have been doa regardless
     
    #2 bisco, Apr 16, 2020
    Rmay635703 likes this.
  3. bwilson4web

    bwilson4web BMW i3 and Model 3

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    One thing Sandy Munro mention in an interview a year or so ago, there was tendency of founders taking a big 'payday' when they get their first IPO. Sandy pointed out that once they get that 'big payday,' it usually begins a decline in innovation and work ethic. In contrast, Elon is paid ~$1/year, the minimum he can get away with, and it notorious for sleeping in his office from the earliest days of 'PayPal' and 'Yellow Pages.'

    Success is NOT the announcement but the sales ... lots of sales.

    Bob Wilson
     
    #3 bwilson4web, Apr 16, 2020
    bisco and Robert Holt like this.
  4. bisco

    bisco cookie crumbler

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    yep, there's a lot more to it than attracting funding. and now, there's that too.
     
    #4 bisco, Apr 16, 2020
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