The Future of Many EV Companies

in LeoFinance • last year

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We now got some numbers from Rivian and Lucid. It was not pretty. These companies are, not surprisingly, losing a fortune. This is par for the course with the automotive industry since it is capital extensive.

In this video I discuss how starts in both the US and China are facing some major headwinds.

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#leofinance #evs #startups #archon #mancave #neoxian
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      This is actually very surprising to me. I thought EV companies can how low income, but I didn't expect them to be losing money. I think I have seen news that the EV incentive will be dropped soon, so they might lose even more because of that.

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