this post was submitted on 27 Jun 2023
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[โ€“] Gur814@beehaw.org 2 points 1 year ago

"The bankruptcy of Lordstown signals that the days of successful EV startups is in the rear-view mirror," said Thomas Hayes, chairman at hedge fund Great Hill Capital. "Moving forward it will be Tesla and the traditional incumbents ... that will duke it out for market share."

Meanwhile at Rivian: ๐Ÿ‘‹