EV Startups Are Running Out of Cash.

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    • Subject Terms:
      WALL Street Journal, The (Newspaper); TESLA Inc.; ELECTRIC vehicle industry; ELECTRIC vehicle batteries; FINANCIAL stress; MARKET leaders; PRICE cutting
    • Abstract:
      According to a Wall Street Journal analysis, many electric-vehicle (EV) startups are facing financial difficulties and are at risk of running out of cash. At least 18 EV and battery startups that went public in recent years may run out of cash by the end of 2024. Some companies have already filed for bankruptcy or been sold at a fraction of their valuations. The industry's struggles highlight the risks of investing in EV startups, as demand has not met expectations and market leaders like Tesla are cutting prices. However, some companies still have enough cash to continue operating beyond 2024. [Extracted from the article]
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