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EV bankruptcy marks beginning of the end

Illustration of an electric vehicle and a charging station at the edge of a cliff.

Illustration: Gabriella Turrisi/Axios

Last week's bankruptcy filing by EV maker Electric Last Mile Solutions is marking the beginning of the end for fledgling EV makers.

Why it matters: Tesla may be the only true EV native well-capitalized enough to withstand market turbulence.

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