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Aptera is far more likely to go out of business than to be the next Tesla. Right now in terms of likely to survive five years in EV land, you can rank Tesla>Ri
by steveBK123 4y ago
Aptera is far more likely to go out of business than to be the next Tesla.
Right now in terms of likely to survive five years in EV land, you can rank Tesla>Rivian>Lucid>Fisker>Aptera>Lightyear .. and there's probably some other clowns I am forgetting. Like Lordstown, Nikola, Canoo, Faraday, Bollinger and Vinfast!
Vinfast has a higher chance of being alive in 5 years than Aptera. At least they've made a bunch of (pretty bad) cars.
Of the above list, if 3 of them beyond Tesla are still around on the other side of whatever recession is pending, and actually shipping cars in the 10k/year++ range, I'd be shocked.
- panick21_ 4y agoI think Bollinger is already bust. Rivian is dropping money like there is no tomorrow and they survive because they razed unimaginable amounts of money. Tesla isn't even in that league anymore, they are more profitable then all other car companies (outside of Toyota). Its more likely some of those will bust (or merge) before Tesla will go bust.
- steveBK123 4y agoThat’s why I put Tesla at top of list. And frame it as which of the rest will survive. It’s baked in that Tesla will be fine.
- thombat 4y agoThat's a very apt typo: "razed" (burnt to the ground) for "raised" (collected funds)
- twobitshifter 4y agoI have a reservation on a Canoo. It’s the most interesting EV out there, I hope the Army, Walmart, and NASA contracts keep them afloat long enough to launch the lifestyle vehicle.
- steveBK123 4y agoConsider carefully if you are rich enough to consider it like an "extra car", such that even if they survive due to those contracts.. you are willing to be a guineau pig for a car which may not have a service center within 200mi of your home for 2+ years, go out of business before your warranty expires, etc.