QOTD: What EV Startup Would You Invest In?
Here's a brain buster for you: Let's say you woke up tomorrow flush with cash. More than you could possibly ever spend. So you decided to invest of some of it. Knowing EVs are poised to become a larger part of the automotive market, you bet on a startup.
Which one do you choose?
For simplicity's sake, we're going to leave Tesla and the legacy automakers out of this one. We'll focus on Rivian, Lucid, Faraday, Canoe, and others.
Rivian, for example, has an intriguing product in the R1T truck -- but it's facing job losses and Amazon took a bath on an investment in the company.
Lucid stock is weaker, as of this writing, than Rivian, but its Air sedan is poised to take on Tesla.
Meanwhile, Faraday Future is struggling, but comebacks do happen.
What say you? If you could invest in an EV startup, which one would it be?
[Image: Rivian]
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The best investment on the horizon will probably be Porsche, who will soon release an IPO. Porsche keeps R&D tight and focused and will be making powertrains for Redbull’s F1 team. The company is carefully and thoughtfully diversified but narrow in scope and focus - a perfect company for my investment dollars.
Noting the caveat that I "have more money than I could ever spend", I'd probably start my own. Barring that, I'd invest in Aptera, because I'd love for an ultra-efficient EV to be available on the market. A 9000lb Hummer barge needs 10x the energy, puts too much wear on the roads, and is wasteful in every way _but_ gasoline.
Does Magna count?
Rivian, Canoo and Alpha, splitting my investment dollars 50%, 30% and 20% respectively. Rivian will do for pickups and SUV what Testla did for cars. I think Canoo I think will do well with the influx of cash from Walmart. As for Alpha, I love their designs and some of their features. I know as a company they are probably vaporware, but I love their designs