the bankruptcy of lordstown motors corp could herald further disruption in the electricvehicle market according to louis navellier chair and chief investment officer at moneymanagement firm navellier  associates on tuesday lordstown motors ride said it is filing for chapter 11 bankruptcy protection and suing former partner foxconn shares of electricvehicle giant tesla inc tsla rose 29 tuesday while ev makers rivian automotive inc rivn and fisker inc fsr rose 2 and 28 respectively lucid group inc lcid shares climbed 91 just days after hitting a record low but nikola corp nkla fell 26 “there’s going to be a shakeout in evs because no one is making money except for tesla and byd in china” navellier told marketwatch set against this backdrop the investor sees rivian as particularly vulnerable noting that the ev maker is still burning money “i believe that they won’t get to their economies of scale fast enough but i hope that i am wrong” he added last year investmentresearch firm new constructs added rivian to its list of “zombie” companies citing cash as a potential problem for the carmaker rivian’s stock has fallen 255 this year rivian is not alone when it comes to cash burn according to navellier “look at lucid even with brilliant engineering they are burning tons of money” he said but he acknowledged lucid’s recent “reprieve” in the shape of a 18 billion stock purchase by the saudi public investment fund lucid has also forged a 232 million supply pact with aston martin lagonda global holdings plc aml  ev maker fisker meanwhile must avoid fallout from a recent recall according to navellier last month jaguar land rover north america recalled over 6000 jaguar ipace vehicles built at an assembly plant in graz austria since june 5 2018 “vehicles have experienced thermal overload which may show as smoke or fire that may occur underneath the vehicle where high voltage traction battery is located” the us national highway traffic safety administration said in a report fisker also has a manufacturing partnership with magna international inc mga to produce vehicles at the graz factory so they must ensure that any issues are not duplicated according to navellier the investor who has panasonic holdings corp 6752  volkswagen group vow and porsche p911 in his portfolio is closely monitoring developments in solidstate battery technology “at the high end whoever perfects solid state will win” he said navellier expects that the first solidstate batteries for electric vehicles will be built by panasonic via toyota 7203  but he said it could be years before the technology is widely available “we probably won’t have solid state at mass availability until 2030” he said related tesla’s cybertruck delayed again when will we see it he also expects that tesla’s eagerly anticipated cybertruck will be a big hit in the ev market “it’s designed for the zombie apocalypse” he quipped adding “i do think that tesla is a serious player” earlier this year tesla ceo elon musk said that mass production of the cybertruck wouldn’t start until 2024