Electric vehicle stocks have stalled—and many won’t get started again.
Yes, things are that bad for EV start-ups as they try to become the next
Tesla
(ticker: TSLA). The blame starts with rising interest rates and falling stock prices that have essentially ended their ability to raise the cash they need to fund vehicle development. And now, it looks as if many won’t be able to survive the looming shakeout.
Source: https://www.barrons.com/articles/ev-stock-reckoning-51668122237?siteid=yhoof2&yptr=yahoo