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INSIGHT-Auto startups chasing Tesla race past red flags to go public

Oct 22, 2020 - Reuters UK
Mergers and Acquisitions

* Auto startups using blank-check firms to go public

* Many have yet to generate any revenue

* For FACTBOX on auto startups:

DETROIT, Oct 22 (Reuters) - Missed out on the Tesla rally but still want to surf the electric vehicle wave?

A stream of EV-related startups backed by blank-check firms are lining up to go public so there’s plenty of choice. But like Tesla in the early days, few have products ready to sell or any likelihood of generating significant revenue any...