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 Tesla(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.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and Stellantis and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
