Lucid Motors

Electric vehicles

Investors flee tumbling EV upstarts once hailed as 'next Tesla'

The biggest concern is that these cash-burning, unprofitable companies will struggle to sell cars even as Tesla is cutting prices

Tech

Tesla challengers use SPACs to play catch-up

EV start-ups have yet to produce a single vehicle but they have already raised, or are raising, billions of dollars. What's up?
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