Another EV Company Bites the Dust
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So another EV company bites the dust. I was thinking about it today. And they have those tombstones, those funny tombstones around the haunted mansion at Disney World there. Here lies so -and -so. Well, it’s a lot of here lies, so -and -so EV companies out there. And I want to make something clear. OK? Yeah.
Is this another CI told you so much? Did we tell you that Fisker was going to go under? Yes, we did. We’re not dancing on Fisker’s grave. I’m not high fiving people. People always say, well, you get excited when companies are going bankrupt. I’ll tell you why. Not so much excited, but Fisker was unnatural. Many of these EV companies, almost all these EV companies, quite frankly, are unnatural.
They are not products of the free market. There wouldn’t have ever been a FISCOR if it wasn’t for government subsidies, handouts, and diktats, rules and regulations. FISCOR would have never existed. Now FISCOR took in ungodly sums of money from investors and subsidies from the taxpayers and essentially flushed it down.
the toilet. Why am I happy that these companies are going away? These unnatural companies are going away. Well, when the unnatural companies go away, well, hopefully money will start going to companies that actually deserve it. Novel concept, right? The interesting thing about Fisker is, is that it went bust twice. It went bust twice. I remember being at, what was I, I was in.
Palo Alto, California, 2012. 2012, it was there, right outside at Stanford. And then, you know, fancy pants mall that was there and they had all of these Fisker Carmers, they were out there, they were trying to sell them there. And, you know, talk to one of the people, it’s just, you know, we’re not getting anybody to bite on these things. And this was Palo Alto, outside of Stanford, okay? Lots of big libs tech people out there.
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Company went away, came back up. Here we go. We got ourselves a magical SUV. Now we’re going to manufacture it a little bit differently. And you know, there are always these EV companies are always trying a new way, a new way to figure out the impossible. A new way. Again, there were, there were new different types of manufacturing and we’re going to outsource everything and we’re going to be more of a software car company. How’d that work out?
especially when people who got the cars, the software failed and it didn’t work and it couldn’t break. Again, the free market is a wonderful and beautiful thing if we allow it to work. We wouldn’t have had many of these problems with the EVs, so many of them going out of business, if actual auto companies could have said, hey, you know what, what makes sense? What makes sense? Maybe a hybrid.
Maybe hydrogen. I don’t know. I don’t know. But whenever you get the government involved, it causes a disconnect. Any time the government subsidizes any industry whatsoever, it is problematic. Any time the government says, hey, we’re going to force consumers to buy X, guess what? No bueno. Nothing good is going to come out of that. And what we’ll see is more waste and more fraud and more investor losses. Watchdog on wallstreet .com.
