EV startups burn through more cash as demand falters
Even market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing money on EVs. The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors, which filed for bankruptcy in June.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
