Exploring the bankruptcy of an EV startup and the acquisition of its assets by another struggling EV startup, focusing on the unusual procurement of advanced manufacturing equipment. Additionally, touches upon Mullen's strategy of acquiring distressed startups for potential profit enhancement.
These are rough times for the once-hot world of EV startups, as the hype fades and reality sets in. On this week's episode the gang sifts through the rubble, finding a little good news (Lucid raised cash!) but a lot of challenges for everyone from Fisker to Tesla.