Since when do Americans root for other Americans to fail?
, and shortly after Fisker’s stock plunged 90 percent. The brand's public image has yet to recover from the Ocean's teething issues, which we also noted in our first review of the SUV. Hey, building cars is hard, and startups often fail.
Tesla stock is down from its October 28, 2021, peak of $371.33 to about $184 as of writing. That’s not great, especially if you bought Tesla during the pandemic. However, had you bought shares anytime between 2010 and 2019, you’re doing amazing, as the stock was under $35 a share March 1, 2020. Tesla famously closed up 40 percent the day it was listed, at $1.32 on July 1, 2010.
You know how many Chinese car brands there are? 97, plus another 43 joint ventures. Some are no doubt going to change the history of the automobile ; someone is probably going to go on a buying spree and create a Chinese version of General Motors, and the rest are going to go out of business. Now, I’m not expecting my friends to know anything about the Chinese car business.
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