Companies as bad as Canoo? Faraday Future sank $4B, made 16 cars. Mullen sank $2B, zero cars. Lordstown...

Faraday Future. Sank at least $2B while being publicly traded since 2020, and sank another $2B from 2014 to 2020 before being publicly traded.

Mullen Automotive. Sank about $2B, made zero cars, not counting the rebadged Chinese vehicles it sold, and not counting the 25 trucks sold by its subsidiary Bollinger Motors. Bollinger was apparently completely funded by its founder and government grants totaling a few tens of millions.

Lordstown Motors. Made 31 trucks, sold six. Sank at least half a billion dollars.

I'm amazed that investors are willing to give billions of dollars to car companies without first making sure they are going to build a factory and make cars.