Rivian, Lucid, Lordstown, Canoo, Fisker: Which EV Companies Will Survive?
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- Опубліковано 11 чер 2024
- Last year, electric vehicle companies like Rivian, Lucid, Lordstown Motors, Canoo and Fisker all commanded high valuations with the promise of releasing EVs that could take on Tesla. Now, in 2022, their stock shares have plummeted as they burn through cash and face manufacturing and production woes. Some startups even risk going out of business.
So what can these EV companies do to survive?
0:00 - Rivian, Lucid, Lordstown, Fisker and Canoo
00:37 - Supply chain woes, covid outbreaks, chip shortages, geopolitical unrest, a tech selloff, and economic inflation
02:06 How many cars have these EV companies produced?
03:41 What can they do to survive?
04:35 Which EV startups will survive?
I'm George Downs, a WSJ video journalist fascinated by how technology is changing how we get from A to B. If you're interested in the future of mobility or how modern transportation can impact our lives- from EVs to eVTOLs, and beyond - then don't forget to subscribe.
#EV #Tesla #GeorgeDowns - Авто та транспорт
Which EV startups do you think will survive?
Are you okay? Your face looks swollen, I hope everything is okay
Not Tesla... Cars are over value more than any other company.. along with average quality control
Lucid, Fisker, Rivian.
Lucid, Rivian survive. Fisker will be acquired. Canoo & Lordstown will go out of business.
Lucid for sure
My money (literally $5250) is on Fisker. I like their asset-lite business plan, their partnership with Magna that not only includes car production bit an ownership “skin in the game” stake and a great looking well performing car that is cheaper than a similarly appointed Tesla MY, Liriq or Mach E.
Can’t wait to get mine end of this year/early 1st Q next year and as I was in the second wave of early invites, i feel its better than an 80/20 chance of happening that soon.
Keep pumping the stock 🤣
Put your money on Mahindra and tata ev(Indian companies).
@@sourabhkumar1338 That would be good, but sadly they aren't in USA yet. TATA owns JLR, but that is very expensive, and Mahindra owns Pininfarina, which is literally a hypercar.
Fisker is bankrupt as of today.
@@ronpagala7496 yeah, this did not age well😂 as an aside, i have a FOO with 2.0 software and it really is a fun car to drive.
Fisker's strategy is the most unique. By relying on Magna, which already makes high quality vehicles it simplifies the process and reduces capital needs to get to mass production volumes faster and cheaper.
That’s just frisker marketing. Fisker still has to pay magna and deal w supplier shortage. It’s still very capital intensive. That’s why they’re asking for $5k non refundable deposits for reservation holders. I want Fisker to succeed, but at this point in mid July, I’m doubtful they’ll have any meaningful delivery by year end as promised.
Keep pumping the stock 🤣
Fisker is slated to begin production in the Magna plant, in November. 50k orders.
Their Ocean vehicle starts at $37k which is cheaper than nearly all the others listed.
I think if they can get the cars in driveways, they'll be fine.
Lol, yeah, Fisker will not be delivering anything any time soon, if ever. Where is their UI? How do you figure Fisker are going to make money selling a car bigger than the Jaguar I-Pace with a larger battery pack plus a solar roof and a bunch of bespoke recycled materials parts, and oh yeah, manufactured by the same company in the same factory as the I-Pace, for...$31,000 less than the I-Pace? That will not happen, Fisker is just a pump and dump scheme, it is not a car company.
@@tribalypredisposed It's not good business practice to show your competitors all your cards, before releasing a product. Therefore you won't see the UI until launch. The base price vehicle has a smaller battery and NO solar roof. Higher trim for $30k more , has the larger battery, 4WD and solar roof. You want fancy, you're going to definitely pay for it. But at least the affordable model is offered, unlike the other manufacturers on this list.
@@bobdobslob it's not good business practice to tell enormous lies and commit crimes either, but that has not stopped Fisker so far. When Fisker first "came out of stealth mode" with this "company" he claimed to have a supercapacitor breakthrough with patents, a graphene production breakthrough with patented machine, a battery division lead by "nanotech expert" Jack Kavanaugh, and shortly after that claimed the supercapacitors were already in production. Reality was the supercapacitors were a science fair project that fit in your hand and lit a single LED, the graphene machine was literally a DVD burner, Jack Kavanaugh is a scam artist retired dentist who a court had recently determined to have defrauded investors and sold a fake Picasso. No patents had been filed for, let alone issued.
Never mind, Fisker then claimed to have a solid state battery breakthrough with fifteen patents. What Fisker had was an effort to steal IP from Quantumscape, but he got caught and fined $750,000 by the courts.
Now you think he is keeping his UI secret because he is a smarty-pants. Alternately, the fact that his company was basically his computer and his lies and he and his wife when "investors" gave him a billion dollars for it and the vast majority of employees have been there less than a year and were hired in great haste and are nowhere near having a functional UI could be the actual reason.
If you want to think that Fisker the pathological liar is telling you the truth this time, I just hope you can afford to lose the money.
@@tribalypredisposed LOL so many fools like you out there. Jaguar I pace was based on an old platform and old battery tech... it's 2022! WAKE UP!
@@tribalypredisposed Everything you say is just old news WAKE UP. Quantumscape was a scam... Solid-state won't be out for years! MAGNA INTERNATIONAL is a power house! WAKE UP
I hope Canoo survives it all. They recently have gotten some good contracts for their commercial vehicles with Walmart and even the Government looking at them. If they can just even out enough, it is a wonderful spin on the usual boring design of cars.
It's both good and bad because currently they can't even make 100 cars in one quarter!!!
I am rooting for canoo too
People forget that Tesla didn’t make a profit until the last couple years.
One thing,Tesla...did have government grant,before the investors....started to pile in there money.When Tesla survived and change of ownership hands.Unlike Rivian,with Jeff...assistance and wallet.
@@alexgitari6452 aren't they profiting more with bitcoin than with selling cars?
and Tesla's profits were in the form of EV credits, not vehicles sold
People forget that Tesla grew up during 10 years of QE which is gone now
@@johnnyspin6346 QE - Queen Elizabeth
What an excellent report! Keep it up.
My bet is Rivian.
Would love to see Lucid successful, but they are way too expensive. Niche market at best.
It is a very niche market but I think competition will bring the price down to normal levels. When Prius first came out, it was 50k or more and was almost considered luxury because of all the elite clients. For now if you want a luxurious EV that gets range comparable to ICE, your choices are either Lucid (way better build) or Tesla. Porsche, Audi, Mercedes, etc are all lacking in major ways in one or more departments.
Lucid will be fine in my opinion already have stored build all over America especially the bigger cities, but announced the Saudi Arabia plant which will be huge but they know they need to make a standard low cost vehicle which they will do. There’s nothing wrong with starting with a luxury slash sport model to catch the eye of high end consumers it shows there capability tbh
Fisker will definitely survive because magna is making the ocean and I have yet to see magna fail at making any car the reason the other car companies are having problems it’s because they built their own factory and they’re trying to do it on their own and that’s extremely tough magna builds BMWs and Mercedes and Toyotas so they know what they’re doing so I would say Fisker will definitely survive
Exactly...
Ones to succeed:
Rivian:for deep pockets (although burning through money fastest.) Seem to be ramping up.
Lucid: most efficient battery-drivetrain. Clean balance sheet. Saudi PIF backing.
Fisker: asset light with manufacturing partnerships with magna and foxconn.
Polestar: already scaling and making profit. Like fisker, asset light with manufacturing connection with Volvo and Geely.
Can't say much for the rest.
You need to also mention that the market in general is down, regardless of performance.
Takes long term vision with vehicle manufacturers. I value them based management, processes, R&D. The question for me is which ones show promise of long term discipline to innovate and management focus, and when to get in. Lots of goodies in this mix.
Long ago, Japan had more than 200 motorcycle startups. Honda was one of them. They just put a small engine on a bicycle. Now there are only about 4 companies left.
In China, electric car startups have been eliminated rapidly, and BYD practically dominates.
EVs are quite a bit easier to develop than ICE counterparts, hence 100s of new brands, especially in China. Technology is going to be the dominating factor in EV, with price coming in close second. Most EVs are using same drivetrain, platform and battery technology. Engineering like swappable battery, subscription lease, Full Self Drive, etc will make or break these new companies. Dont think 0-60 in 2 second is going to matter in the long run.
Not exactly though, it's more like the startups don't have quite the expansion rate BYD has thanks to BYD's hybrid vehicles and the Han. Li ONE and XPeng P7 sells close to 10k units a month, virtually unheard of for a local brand with a premium price range before 2020. It's not much compared to BYD's monstrous sales but it's still growing
Fisker is smart with the asset-light model...
I hope so. My fear is they may not have anything propriety in their cars to differentiate from competition. For now if the range, price, tech matches what they say on paper, Fisker will be a force to reckon with in the EV world. Reliability will also be key to any startup EV's success VS traditional manufacturers with existing dealership and repair network.
I've seem Rivian and Lucid cars in my area so someone has already taken delivery. Those other brands? Haven't seen any on the road yet.
If you have seen a Rivian, its either an employee, a VC investor or a celebrity driving it.
I think canoo is by far the most interesting
The vehicle, definitely. But will it survive?
Canoo has potentially got 2 vw van level meme worthy designs primed to ignite a van-o-lution, the LV and MPDV, priced to move, not $100k+ but starting at $33k. They've got thousands of orders and preorders and Walmart may invest to own up to 20% of Canoo. I honestly don't know what people are thinking saying these other companies are more likely to survive than Canoo.
Yes I agree! They’re the most unique
Can you do a profile of Polestar? I believe they’re the best and most underrated EV company today.
Probably one of the most impressive aspects of driving was the vehicle’s field of view. I would compare driving a Canoo to watching a movie in an IMAX theater versus watching one at home on TV.
After the drive was over and we returned to my car, it felt as if the dash, steering wheel, windshield, and infotainment center were all crowded right in my face.
Driving the Canoo, it felt as if all of those things had been moved far forward, but still easily in reach.
Canoo is super cool concept. I hope they do come out and have decent range (comparable to ICE 300+ miles).
I really like canoo too. I would buy their truck today if I could.
@Andrew Stead the price, at 33k, is right.
@Andrew Stead yess let’s go canoo 😊🎉
Rivian and Lucid for the build quality.
Rivian also for the 7 seater R1s
Both cars are too expensive to be mainstream. At this point EV needs to be mainstream to survive. My bet is on Polestar and maybe Fisker. Only reason I say maybe to Fisker is, we dont know what real world numbers are... everything is speculation and simulation. If their real world specs are close to what they projected... Fisker will be huge in the 30-70k segment.
@@mosesque8784 expensive for now. Rivian was a very viable option in terms of EVs until the supply chain issues forced them to raise prices. Ford starts out pretty affordable, but good luck finding those options.
VinFast has a better chance than all these EV start ups. Vingroup one of the largest conglomerate in Vietnam has the finances to support global expansion.
Over 65000 reservations for VF8 & VF9 in USA, Canada, Europe and Vietnam. Over 2700+ VF8 exported and sold in USA and Canada. Over 4000 + VFe34 ( sold only in Vietnam) , VF8 & VF9 sold in Vietnam. VF5, VF6, VF7 currently in development.
A factory will be built in North Carolina, USA soon which will produce batteries, buses, scooters and electrical vehicles.
My bets are on Polestar, Rivian, and Lucid(they have deep pockets). I also have BYD, NIO, XPEV but I believe they are beyond the point of start up failure.
Isn't nio doing pretty well
Polestar is technically a volvo property so its kind of not a startup. I think that the Chinese brands will likely take over whatever market share Tesla doesn't already have.
Polestar is owned by Volvo and not an EV startup. Polestar was founded in 1996 fyi.
I think I’ve read there are over a hundred ev startups in china. If manufacturing and deliveries are so difficult, how do so many of these Chinese ev startups able to deliver EVs so quickly?
@@Wasabi9111 because they make everything there. Here in the US it's all distribution vendors, we don't make anything.
Which will survive? None of the cars in your title. Some of them may become collectors items though.
They all have to use the open platform like Android and small developers can develop control systems and power system for the open platform. Microsoft, Google etc will come in to provide software for the future EVs. All these brands will focus on design, sale, and marketing. Its like all shoes from Addidas, Nike, Asics, Puma are all from the same manufacturer.
Nio is now in US industry research sec rivian lucid Fisker canoo
“Substantial doubt as their ability to continue as a GOING CONCERN” - it’s standard verbiage in fins stating that they aren’t earning enough to sustain themselves and need capital
Lucid is a beautifully designed and engineered car but that’s just the issue - it‘s a car in a world that increasingly demands SUVs at a certain price level. Hope they can sell enough sedans to fund the necessary future product.
Rivian is perfect everyday trucks. Lucid is very niche market and I'm not a fan of their plan to open manufacturing in Saudi Arabia or their Saudi Arabia owners.
Perfect “$100k everyday truck”. There, fixed it for ya😁
And Canoo has potentially got 2 vw van meme worthy designs primed to ignite a van-o-lution, the LV and MPDV, priced to move, not $100k+ but starting at $33k. They've got thousands of orders, and Walmart may invest to own up to 20% of Canoo. I honestly don't know what people are thinking saying these other companies are more likely to survive than Canoo.
Polestar and Rivian
Polestar is owned by Volvo, founded in 1996, not an EV startup.
You might as well call Mercedes Benz an EV startup.
@@onsokumaru4663 It's like Mercedes Benz launching their start up Smart
Come on WSJ our CAR fine our not lost all wins back
Will Jeff take on Rivian ?
Strange to ignore the fact that the all markets have dumped for past 7 months...not just these companies...
Nio Tesla xpev lucid Will do fine in the future.. fsr Next year if the produce in q4
Polestar is ahead of them all
I think polestar - Geely group is going to be huge in the EV market. I just dont like the polestar 2. Design is beautiful but I cant tell if its a sedan or SUV. They should lower it. Also the range is a bit disappointing. EV should come in 2 forms - basic commuters 150-200 mile range or normal ICE competitors with avg range of 300+ similar to a regular ICE car.
Yeah, but it has limited range, only allows Google/Android interface and is kinda ugly
All these companies stocks have plummeted , fails to mention Tesla stock has lost 30 - 40% of its value in 6 months.
@Mi Box Telsa has cash reserves, these startups do not
Tesla has been building EV's since 2008, hardly a "startup."
I feel like canoo stands out more than these other vehicles.. they created “the skateboard “ for the engine and then the rest of the car.. it can be cost efficient for repairs.. more room to work with.. unique designs never seen before!! All the other evs looks like everything we’ve already seen! Canoo stands out.. they target businesses and consumers.. and they’re cheaper! I am rooting for canoo.. and I can’t wait until they get released next year! Walmart and other businesses already purchased their vehicles .. they made a truck for the army!! I don’t hear the other evs doing that.. yes canoo might not be making money now.. but I can feel it that they will be a game changer in the future.. plus there’s been small talk that Apple might be interested in them as well.. I don’t see why the other evs are being compared to canoo honestly.. it’s the only original design I’m seeing so far! And they look better too in my opinion 😊
System impact safe car
Usa brands great 🇺🇲💖❤
And what about polestar
Polestar founded in 1996, owned by Volvo, so it does not count as an EV startup
Canoo
You thought car making was that simple to enter?
Yes EV manufacturing is quite a bit easier than ICE.
The Best EV will be the one that first adopts the idea of swappable standardised Battery packs.
Then you can have spares charging at home while driving.
You could upgrade your batteries as battery technology advances.
Smart Battery manufacturers will set up charging service stations where they'll swap your batteries for their fully charged ones (Calor gas bottle style).
That tech is still well down the line. In order to do it, you'll likely have to make it smaller, which will reduce range. Not to mention likely add complexity to an already pricy commodity. Swappable battery packs are a red herring at the moment. The idea is nice, but only from the standpoint of those who are used to current infrastructure which didn't get here over night and don't like change.
Most Americans don't want someone elses used battery, that's the issue. Tesla tried it and it didn't work. But who knows maybe that will change...
@@seriousbutfunny2 maybe for small consumer electronics. Hybrids have been doing it successfully for years.
Rivian and Lucid will make it ! Lordstown idk. Canoo had me worried until Walmart announced an order of 4500
I hope walmart keeps them afloat
And Canoo has potentially got 2 vw van level meme worthy designs primed to ignite a van-o-lution, the LV and MPDV, priced to move, not $100k+ but starting at $33k. They've got thousands of orders and preorders and Walmart may invest to own up to 20% of Canoo. I honestly don't know what people are thinking saying these other companies are more likely to survive than Canoo.
@@JohnSmith-tz4on yess!!! Finally someone says it!!
this comment aged bad hhaha
@@joaopaulotargaryen7368 Canoo is still doing ok
Several of these were actually given a lifeline by the supply chain issues. They were given a plausible excuse for not getting vehicles in driveways.
We shall see what happens in 2023. There's no way that all of these will survive. And if you think getting the first 100,000 vehicles on the road is difficult, just wait until they have to update their models yet still provide service and parts for those first 100,000 vehicles.
The car business isn't easy. It's one thing to have a great idea for a new vehicle. It's another thing to have to execute on it and build the infrastructure to support it long-term.
It seems like the future we all gonna be driving the same car from the same company that makes our phones , solar panels toothbrush and all
Look at BYD in China
You didn't render a verdict. My opinion on which company will survive is completely useless. We need expert opinions from folks at WSJ. But you failed...
Fisker will make it
Why would anyone buy a vehicle from a company that could go out of business.?
I own two Teslas, which are by far the most advanced cars I’ve ever driven. Tesla is profitable and strapped with cash. It makes no sense to buy a car from another EV maker when they could later go out of business and you have nowhere to service your vehicle. Play it safe and buy a Tesla.
Tesla looks dated and everyone’s driving it so it’s not cool anymore, ask any school kids, tsla went from growth to becoming the next nflx
Pfft. With cnc machines and metal printers and mechanics like me who don't care where a system is developed, just that those systems obey the laws of physics, even those with cars from dead companies will be fine. Hell, if for some reason Canoo dies after I get my MPDV, which, aside from capital shortage, I don't really see how that might happen, so I'm not especially worried. Companies with billions in our pre-orders typically get funding fairly easily...
Times are changing… very soon most people will be driving evs… yea, they can be worked on regardless if Tesla or not lol
Lordstown's only hope was getting the very first electric full-size pickup on the market. Once the Rivian and then the F150 Lightning came out, it was a dead company walking.
Rivian will survive for sure.
Comment about this one year after. Looks like Fisker is working good. Rivian .. okay.
Judging by the fact that I’m in the automotive industry and have never heard the last 3, I’d guess only Lucid and Rivian will survive. Lucid… not so sure since I’ve never even seen one on the road.
I'm in OC California and I've seen 3 so far and they're beautiful. But they need to start producing more.
Why isn’t Faraday Future included? Do they fair worst than these startups?
Along with newcomers like Mullen
Faraday future predates these guys. In fact Canoo is comprised of FF cast away a.
There no way they are gonna make it
@@kevo99able I remember them from long time ago... didnt know they still existed.
I put my money on Rivian and Canoo
@Brandon M Canoo will have to change their styling to survive
@@Redridge07 Why? Their design is the best thing about their cars.
@@timonalexandr151 Please tell me you know it will only have niche appeal?
@@Redridge07 Small on the outside with roomy interior good, no? I don't like sedans (I own and drive one everyday, I also find minivans ugly). The canoo car is something different, yes, but at least it's not ugly.
@@timonalexandr151 Most see it as ugly .... it appeals to you because you are in the niche demographic
Mercedes, BMW, Audi, Porsche all have luxury EV’s. Lucid doesn’t seem all that compelling. People like the badge in front to show off.
Porsche and Audi were a huge disappointment to me because of the range they offered. EV range needs to match avg ICE range ~300+. Mercedes design just plain ugly. I dont like the Lucid design but overall it is better than what these luxury brands have to offer.
When you respect the regular working class ppl, you’ll realize your material and worker shortages can be made null
Yess canoo delivers that 😊
I hope canoo survives
*western EV producers ONLY.
What’s an upcoming one that’s not in the west just genuinely inquiring?
MULN for the batteries. JOBY for air taxies. Just my opinion. Not financial advice.
I would say Fisker for design, affordability... maybe range. Geely group for everything else.
Sell dream instead of cars
You need to make something as simple and affordable to make and sell most of these companies making EVS that cause so much that it's out of most people financial range so how many of them are you really planning to sell if all of them started 50k and up... Make affordable stuff first sell that expensive shit later on once you been on the market a little bit right now all most of these EVS are for the upper middle class especially with this fake inflation going on
The Chinese are coming and they have some nice EVs for as low as 9k USD but they are mostly state majority owned companies and have different rules and incentives than profit based companies. If Tesla had tried to make the affordable EV first and the luxury models later it would be out of business. What you are saying cannot be done with current regulations in the US or Europe. In fact even at the prices they are now charging, the only company outside of China that is capable of making a profit on EVs is Tesla. I mean you can buy a crap EV like an old leaf for cheap, but they are cheap for a reason. Currently the price of a Tesla is actually cheaper than a gas car that cost ten thousand dollars less, if you consider the cost of operation and ownership. Depending on your electricity costs EVs can operate virtually for free, except for tires and insurance. If you already have solar, or live someplace with abundant cheap hydro-electricity you would be ahead in one year at today's gas prices. I pity the fools in their dumb monster trucks who think it's cool to drive pickups they never pick up anything with, and off roaders that never go off road. They are feeling it. Good time to get a deal on a extended cab dually diesel if you want to cry everytime you put fuel in it.
If you had bought a Tesla two years ago, you could have driven it for two years and sold it today for more than you paid for it.
@@SkyRiver1 then we need to stop voting the clowns we got in office right now so we can change the current regulations... And that's the reason some of these companies aren't going to make it Tesla got lucky but we can't say the same for these other come-ups... And right now in my mind it doesn't make sense for me to buy a car that cost more and gets less miles than a regular car if I can go 400 miles in a Toyota I should be able to go 400 miles in a Tesla without paying damn near 80k when the technology gets to that point I'm switching straight over to EVs but until then I think people should just get a hybrid or plug-in hybrid and learn how to do maintenance
@@SkyRiver1 Well said..
They cannot do that, they do not have the battery supply or production capacity to survive selling affordable EVs, that is why every Western EV company starts with expensive models. In China things are different because of the huge support from the government, and many companies and factories are owned or partially owned by the government.
@@tribalypredisposed well damnit I won't be buying one until they become affordable and have the type of range that I want simple as that I will go get a hybrid or plug-in hybrid...
with what saudi arabia and opec did with the world wconomy. i doubt if Rivian which is saudi owned , will survive .
LUCID.....
Lucid is a cool car, but the company is heading straight for bankruptcy, they lost a billion and a half dollars last quarter. Even at the high price they are charging they are not capable of making a profit.
@@SkyRiver1 dude they are backed by the Saudia government. I think they will be ok
Don't worry, they are backed up by PIF
@@BBAERSTANCE1 As the blind man said, "We shall see."
Saudis have their back, don’t worry
Is there any company in the US who doesn't go through Foxconn?
I guess that's the main reason why they don't want a Chinese takeover of Taiwan
Fisker Ocean is built by Magna and not Foxconn. Same with Lucid and Rivian. China is the biggest battery manufacturing (main EV component) so most manufacturing has to go through China. Also, China population and government has committed to EV technology a lot more than USA. It has become a stupid political statement here in the US.
@@mosesque8784 The Fisker Pear will be built by Foxconn alongside the Lordstown Endurance.
FoxCon will build the Fisker Pear mode beginning in 2024
Canoo is with nedcar 😊
🌻⚖🌱🌐🌱⚖🌻
A wsj reporter didn’t even do his due diligence on all companies. Humbug!
Lol, we actually know more than him...
I bet on Canoo
No idea about their business fundamentals but that electric camper van is dope af
Canoo is future
I don’t know that they can make it in the current environment we are in, but their vehicle is definitely the most futuristic EV. I’m not crazy about everything in the LSV but you drive up in that thing and It Will turn heads. It doesn’t look like anything else out there. At 8 a week, they should have enough to draw some crowds anywhere they are on display. Outside of the cyber truck, most of these others just look like any other ice vehicle.
@@evil0sheep Walmart purchased 4500 canoos for delivery! And other companies as well… they start production next month! I hope canoo makes it!!!
Mergers and Acquisitions
I wish they didn't insert the "experts" clip.
They are nothing more than Mrs./Mr. state the obvoius time fillers.
"...Ones with the most cash will prevail..."
Really?
Geeez, thanks.
It is worse than that, because the ones with the most cash may be worse off and not better. The original Fisker Automotive had a lot more cash than Tesla had, and they burned though it and died quickly. Lucid and Rivian not only have piles of cash, they have big backers, and that may, and seems to have, allowed them to be reckless about spending money. Elon Musk recently stated in an interview that without a dramatic change of course, both Rivian and Lucid are going to go under quickly, and he knows a thing or two about EV startups.
Amazon will buy Rivian
Go watch the video canoo just made on their yt channel and you tell me 😂
Ahh a guy with 5000 subscribers, probably the guy you should listen too
At the rate our food supply and processing is being targeted, combined with a recession staring at us, we'll be lucky to put groceries on the table. Making a $70-90k EV purchase at this point is ludicrous for the average person.
The point here is with the economy circling the drain, I think any EV/ICE mfg is in for a poor sales outlook.
Reality thwarting the new and shiny.
True, but its a new tech that will fall in price as it becomes more mainstream, similar to LED TV. There was a time when I bought a 37" LCD TV and thought I was a baller. Now we have bigger TVs in our bathrooms and kitchens. It is almost a throw away technology.
Fisker Ocean will start at $37k ($30k after rebate) though we dont know when the lowest trim will be available. Aptera is another company with a cool concept for EV starting around ~24k.
Canoo has potentially got 2 vw van level meme worthy designs primed to ignite a van-o-lution, the LV and MPDV, priced to move, not $100k+ but starting at $33k. They've got thousands of orders and preorders and Walmart may invest to own up to 20% of Canoo. I honestly don't know what people are thinking saying these other companies are more likely to survive than Canoo.
my lordstown wont make it my stock is at 2 dollars
I got out at 8, for good riddance.
With soaring raw material costs, inflation from printed money, to supply chain issues, to chips, horrible time to start new companies Tesla started with cheap gas and no tax incentives. At least legacy auto did not need to start from dirt to car as they already owned land/factories and infrastructure. Musk is a business and science genius. So many American dreams. Musk is more a battery guru. All about the batteries
Rivian seems to have a real chance.
Lordstown no way
Lucid could go either way
Fisker seems to fail a lot historically so I’d say no
Canoo I have no clue, might be a small producer but not huge
Ohio seems cursed for cars. We've lost almost all our plants. If Lordstown goes under, I hope that at least one of the other companies would buy up the old factory. People in this area need jobs, and we got a lot of land to get those plants built
@@alexbutler7269 hate to say it but I would bet money lordstown fails. Possibly a complete fraud like Nikola was. America needs jobs and good companies but I’m afraid Lordstown isn’t it.
@@kylek1556 It's expected at this point. Ohio and the Car Industry don't get along and the Lordstown plant is one of the big ones in that (was a very big leader in the strikes in the 70s if the old folk around here are to be believed). But hey, if Lordstown does go under, GM has renewed interest in the area to some degree (we started manufacturing batteries for the vehicles) and might move in. or Maybe one of the other electric truck/car companies takes over. Even if it was a scam, the plant is still in functional condition and ready to output with whatever people will throw at us.
Canoo has potentially got 2 vw van level meme worthy designs primed to ignite a van-o-lution ( in a time of more and more homelessness and homelessness insecurity) the LV and MPDV, priced to move, not $100k+ but starting at $33k. They've got thousands of orders and preorders and Walmart may invest to own up to 20% of Canoo. I honestly don't know what people are thinking saying these other companies are more likely to survive than Canoo.
Please checkout canoo it’s the coolest
None...except Tesla. How many car startups have survived in all these years, including ICE....NONE...except for Tesla. Do yourself a favor and listen to Elon's recent interview. Prototypes are easy...production at scale is EXTREMELY DIFFICULT.
Lol last thing I would do is listen to Elon. He just loves to say things to stay relevant. Tesla has had nearly 0 competition so far. All these supply chain issues, though also hurting Tesla, has also delayed many of its competitors. Tesla's technology and design is starting to look stale. My bet is on the Geely group overtaking Tesla by 2025. Also if Fisker is close to what it says on paper, they will be a huge success. EVs are quite a bit easier than ICE to develop and manufacture. Most of them are using the same batteries (including Tesla), same platform etc. Service and technology such as Full Self Drive, innovative lease and subscription, price, etc will be a huge factor in the EV market. Tesla has superchargers which is a huge deal but they are thinking of making those inclusive unlike what Apple did vs Android and Microsoft.
@@mosesque8784 Well at least I know one thing...I will never take financial advice from you.
@@guru2899 Good... Best advice I can give you is don't take financial advice from strangers on the internet.
@@guru2899 also probably not a great idea to make trolls and billionaires who call common people pedo your idol but u do you.
None
Unless they can produce more vehicles per day than what I can count on one hand, the traditional automakers are gonna eat their lunch and they all will be out of business within 2 years.
Non will survive.
Lol so much for these Tesla killers but I guess the US administration is more harm than good for EVs or prefer union business like GM
Infrastructure, research and development, patents and innovations. None of these companies have anything on Tesla. Tesla is 20 years in the future.
Then why are teslas so poorly built, equipped with some of the worst self driving software, often near the bottom of reliability lists, and so much more expensive to maintain than other EV vehicles?
They aren’t 20 years ahead. They just started 20 years ago and never kept pace.
@@jcboyle82 20 yr ahead of EVs of those wanna be car makers, not of EVs of VWs, Nissan, etc.
@@karrr1573 20 years ! like wtf.... BYD is selling batteries to TESLA.... Tesla will be superseded in no time.
Wrong. Only thing Tesla has going for it is its supercharger network. That is a huge selling point but it may change since Tesla is thinking of making it inclusive to other brands. Anything else, Tesla is being left behind and the competition hasn't even started yet. Tesla does not have the best FSD, not the best design, not the most luxurious, etc. Cant fault Tesla's build quality because my friend has 2 of them and both look and feel solid. I don't know if his UI is better than android auto because I am not used to it. I would much rather have Android Auto which crosses all platform and makes it easier to get used to.
@@mosesque8784 Where did this 20 years myth come from? I see it all over the net from people who know nothing.
Lucid was stupid. Trying to out-Tesla Tesla. Tesla did all the R&D for them. They should have copied their blueprint instead of trying to beat them at their own game. Secondly, the Air sedan is hideous looking. The nearly decade old Model S and sleek Porsche Taycan makes the air look like a shoe. Tesla did it right. Roadster was their first car. A partnership with Lotus to save money. Model S followed and was mostly mono-spec with the exception of some small changes here and there. Model X was an engineer’s wet dream and served as the car to get people in Tesla dealerships. It is completely ridiculous in every way and I think that was on purpose. Then they followed that with the affordable Model 3 (also largely mono-spec for cost savings) and the red hot Model Y. SUV’s are ALL the craze. You’d think Licid would have released a sports car or an SUV. But instead they try to take the fight to Tesla and…. Well, Dead on arrival. Rivian was smart. They copied Tesla’s homework by releasing something fresh and new and kinda gimmicky, but avoided stepping on Tesla’s toes directly by engineering a product that they don’t have. But most of their software mimics Tesla which is the smart thing to do because again, Tesla has already done the R&D on what works/what people will tolerate. I can go on and on, but I predict that Rivian will succeed and Licid will be gone.
My bet is on Geely group (Polestar, Volvo, Lotus) to be on the forefront of EV technology. They will overtake Tesla in technology and sales. Tesla has enjoyed almost 0 competition and their cars and technology is starting to stale compared to others coming out. Tesla would have already started to feel the heat from some traditional manufacturers if it wasn't for all this supply chain issues.
I tried my best to understand her but I felt like a needed to drink some water and clear my throat after all that vocal frying and growling sound.
Yes, this video is game over. Waste of my time.
None of them, try Chinese EV
nope
Anybody buying one of these is nuts. Good luck getting them fixed 10 years from now. Disposable junk!
Fisker
Well, part of the problem, and a BIG part of it, is the COSTS of these vehicles! They are WAY overpriced - stupidly expensive and WHEN they can make them AFFORDABLE to the average guy and stop wanting to REACH the wealthy FIRST, then they will stand a better chance! Bring out an EV that is between $15K and $25K and YOU WILL get buyers, but at $45K + (with $45K being cheap) - don't expect to come into a market dominated by Tesla! Tesla is missing a BIG part of the population because their cheapest vehicle is still expensive for the average consumer! Stop blaming EVERYTHING else, your ENTRY strategy is WRONG - build AFFORDABLE and you will win the market - you bank on that! I can afford a $45K EV, but I can get MORE for the bang in a gas vehicle for LESS money, so WHY would I go for that - it would be stupid and THEN the charging time you have to spend on a 1600 mile road trip - gassing up is faster and you do not have to drive around and look for a stupid "charging station" and hope and pray there's not 20 EV there before you!
Canoo is 33k!!
Maybe Lucid and Rivian but the rest are freaking trash!!! Especially Fisker and Lordstown.
That’s crazy the 3 trillion dollar company Foxconn have jv agreements with both fisker and Lordstown. The supply chain challenges are now out the window, look at Foxconn’s footprints. They bought the Lordstown motors factory, ev battery factories.
But canoo is the most unique out of all of them
BYD.
Coal electric powered HONK HONK✊🤡