Ford Motor Company lost $4.5 billion on electric vehicles in 2023. Ford again warns on EV results, withdraws 2023 forecast | Reuters Tesla stock (TSLA) reached a peak of $407 on Nov 1, 2021 and closed at $168.47 May 10, 2024. Rivian EV stock went from high of $167.75 to $9.99 on May 10, 2024 British electric van maker, Arrival, received $300 million equity financing in March, 2023 and was once valued at $13 billion, now bankrupt https://fortune.com/europe/2024/02/06/british-ev-maker-valued-13-billion-administration-without-making-sales-nasdaq/ Hertz CEO resigns over high Tesla write-downs. Hertz is selling 20,000 Teslas due to high maintenance costs and low consumer demand. https://www.cnbc.com/2024/01/14/hertz-makes-agile-decision-to-shift-strategy-and-sell-evs-teslas.html ______________________________ Fisker Automotive went bankrupt in 2013 and was purchased by a Hong Kong billionaire. Fisker's losses were $463 million in just the 4th quarter of 2023. ____________________...
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