Massive Warning for Rivian, Lucid, and Even Tesla Investors
EV start-up Fisker (NYSE: FSR) may need to file for bankruptcy before ever reaching scale, and that's a warning to other EV manufacturers. It's expensive to build out manufacturing, and only one company has reached profitability -- that's (NASDAQ: TSLA). It's not clear that Rivian (NASDAQ: RIVN), Lucid (NASDAQ: LCID), or any other company will reach scale and profitability in EVs on its own, which Travis Hoium covers in this video.
*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 20, 2024.
Source Fool.com
Tesla Inc Stock
€231.05
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