The auto industrys shift to electric cars was bound to bring a flood of new entrants.
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The hope that one of the startups will be the next Tesla may be extreme optimism.
In fact, new EV makers are already feeling the pressure.
A number of them such as Rivian and Lucid are battling withproduction halts.
Others, like Canoo and Nikola, are facing orhave faced federal investigations.
And most of them have seen their stock valuation dropping, as theyre hit by global supply shortages.
Others, like Fisker, are turning to big brands for help in an attempt to outsource production.
In any case, the deciding factor in which companies will survive the manufacturing challenge may be money.
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Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
