International Finance: Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPO

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Elon Musk doesn’t exactly sound optimistic about the prospects of Rivian Automotive Inc., even after the rival electric-vehicle maker’s blockbuster IP0.

Tesla Inc.’s chief executive officer said he hopes Rivian can boost production rates and get cash flow to break-even.

But in a tweet Thursday he also noted that of hundreds of startups, “Tesla is the only American carmaker to reach high volume production & positive cash flow in past 100 years.”There have been hundreds of automotive startups, both electric & combustion, but Tesla is only American carmaker to reach high volume production & positive cash flow in past 100 years.

 

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