Prediction: Rivian and Lucid Will Succeed Where Fisker Failed
Lucid (LCID) The Motley Fool·2024-08-20 16:34
While Fisker shares many similarities with Rivian and Lucid, it failed in one key area where the others have done better. Electric vehicle (EV) maker Fisker served a stark reminder to investors that not all start-up EV companies will survive the early innings of this long-term transition in the automotive industry. Fisker had many problems including vehicle issues, poor management, and production hiccups. Most of all, the company's operations failed to lure in major backers and investors -- a problem Rivian ...