And Fisker already went toes-up once before.... 😬
EV Startups Fisker, Nikola, Lucid Sink On Wide Losses, Output Cuts. Rivian next?
I read a quote that said making EV's is easy, making an EV car company is hard.
The EV startups Fisker (FSR) and Nikola (FSR) missed Wall Street's estimates early Tuesday after Lucid (LCID) fell short late Monday. Rivian (RIVN) is on deck late Tuesday. FSR stock, NKLA stock and LCID stock all tanked in Tuesday morning trade. Analysts expect Rivian to lose $1.61 per share, widening from a $1.42 loss a year ago. Revenue is seen surging 596% to $661 million.
A price war in the electric-vehicle market and a bankruptcy warning from a troubled peer set the tone for the week's earnings reports.
Investors are placing heightened emphasis on cash burn and production targets, amid recession fears and the Lordstown warning. Even Tesla (TSLA) recently gave a cautious production outlook. Its price cuts earlier this year set off an EV price war, while adding to pressure on the startups.
Going forward, traditional auto giants such as General Motors (GM) and Ford Motor (F) are set to significantly expand their EV output.
I would worry about future warranty (an after warranty) work when buying a car from a startup.
www.investors.com
The EV startups Fisker (FSR) and Nikola (FSR) missed Wall Street's estimates early Tuesday after Lucid (LCID) fell short late Monday. Rivian (RIVN) is on deck late Tuesday. FSR stock, NKLA stock and LCID stock all tanked in Tuesday morning trade. Analysts expect Rivian to lose $1.61 per share, widening from a $1.42 loss a year ago. Revenue is seen surging 596% to $661 million.
A price war in the electric-vehicle market and a bankruptcy warning from a troubled peer set the tone for the week's earnings reports.
Investors are placing heightened emphasis on cash burn and production targets, amid recession fears and the Lordstown warning. Even Tesla (TSLA) recently gave a cautious production outlook. Its price cuts earlier this year set off an EV price war, while adding to pressure on the startups.
Going forward, traditional auto giants such as General Motors (GM) and Ford Motor (F) are set to significantly expand their EV output.
I would worry about future warranty (an after warranty) work when buying a car from a startup.
EV Startups Sink On Widening Losses, Production Cuts
Lucid kicked off this week's results from several money-losing EV startups.
www.investors.com
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Yeah, Foxconn being involved is NOT a good sign.
What's happening at the Foxconn site in Wisconsin five years after the company announced its plans
It's been 5 years since Foxconn was rumored to be coming to the state. Now the company has been here many things have changed during that time.
www.jsonline.com
Foxconn in Wisconsin: tech mega-deal faces reality check
The ‘eighth wonder of the world’ foreseen by Donald Trump has not materialised yet
www.ft.com
Not a good sign to have Foxconn onboard?Yeah, Foxconn being involved is NOT a good sign.What's happening at the Foxconn site in Wisconsin five years after the company announced its plans
It's been 5 years since Foxconn was rumored to be coming to the state. Now the company has been here many things have changed during that time.www.jsonline.comFoxconn in Wisconsin: tech mega-deal faces reality check
The ‘eighth wonder of the world’ foreseen by Donald Trump has not materialised yet
Fiskerati said Foxconn is doing well.
fiskerati.com
Foxconn: Making Progress on Fisker PEAR Production Line
Foxconn is making progress with preliminary renovations to the Fisker PEAR production line in Lordstown, Ohio.
fiskerati.com
Just saying between Foxconn Wisconsin and Foxconn Lordstown it's a spotty record.Fiskerati said Foxconn is doing well.
Foxconn: Making Progress on Fisker PEAR Production Line
Foxconn is making progress with preliminary renovations to the Fisker PEAR production line in Lordstown, Ohio.
The black side stripes remind me of someone trying to make a truck that echos the "Tron" movie. But without them it would look like a plain ol' truck.
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