1. Attachments are working again! Check out this thread for more details and to report any other bugs.

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

    Joined:
    Feb 7, 2017
    5,286
    4,226
    0
    Location:
    Northern California
    Vehicle:
    2007 Prius
    Model:
    N/A
    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

    Joined:
    May 11, 2005
    107,796
    48,995
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    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

    Joined:
    Nov 25, 2005
    27,159
    15,407
    0
    Location:
    Huntsville AL
    Vehicle:
    2018 Tesla Model 3
    Model:
    Prime Plus
    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

    Joined:
    May 11, 2005
    107,796
    48,995
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    yep, there's a lot more to it than attracting funding. and now, there's that too.
     
    #4 bisco, Apr 16, 2020
(You must log in or sign up to post here.)