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General Discussion / Re: EV startups not a good investment
« on: January 09, 2024, 05:55:52 AM »
Another story that matches the OP:
I got in on the ground floor with an e-truck start up out of Clemson University (legit university in the US). They were working on very high voltage architecture for really fast recharging, seemed like a good idea. After a couple of years they got a nice infusion of VC money then went public. The stock initially soared, but we little guys were not allowed to sell at first. The VC guys made a ton of money. After that, the stock lost 99+% of its value pretty quick. We little guys got played.
I got in on the ground floor with an e-truck start up out of Clemson University (legit university in the US). They were working on very high voltage architecture for really fast recharging, seemed like a good idea. After a couple of years they got a nice infusion of VC money then went public. The stock initially soared, but we little guys were not allowed to sell at first. The VC guys made a ton of money. After that, the stock lost 99+% of its value pretty quick. We little guys got played.