Fisker Ocean driving on a track

Electric-vehicle startups are Wall Street’s hot new thing. No revenue? No problem.

“Early this summer, electric-vehicle startups Hyliion Inc., Fisker Inc. and Lordstown Motors Corp. were tiny companies with staff numbers measuring in the dozens. Two had built little more than a prototype. None have reported any revenue.

Today, they are valued at more than $3 billion apiece by stock-market investors,” writes Eliot Brown of the Wall Street Journal. 

With two electric car companies recently completing listings, Brown spoke with Cordell Eminent Scholar Chair Jay Ritter about how these companies with so little revenue are pursuing public listings at such high prices. Read what Ritter had to say in this story from the Wall Street Journal