EV start-up Fisker (FSRN 12.57%) 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 (TSLA 2.05%). It's not clear that Rivian (RIVN 10.66%), Lucid (LCID 6.39%), 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.
