On one hand I agree. It makes me sad but I'm skeptical they are going to make it.

On the other hand, electric cars seem to be relatively "easy" to build. Sure, Fisker went bankrupt, but Rivian seems to do sort of fine. Xiaomi even managed to build a car, and I actually saw one of them by chance charging next to me today.

Seems to me like a lot more newcomers succeed in getting cars built, than was and is the case with ICE cars.