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

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Finance: Elon Musk Sells $1.1 Billion of Tesla Stock To Cover TaxesTesla Inc. Chief Executive Officer Elon Musk unloaded stock in the electric car-maker, shortly after holding a poll on Twitter over whether he should sell 10% of his massive stake in the company. Last night we slept hungry again and my daughter was crying because of hunger. Please assist us with a 2kg mealie meal and tinned fish 🙏🏻. Just so my little girl can eat😔💔. I've been struggling to get a job and in my struggle, my child is suffering💔 So he should have enough left to do the same again for another 250 years.
Source: dailymaverick - 🏆 3. / 84 Read more »

Rivian shares leap in market debut, topping value of Ford, GMElectric truck maker Rivian soared in its debut on Wall Street, making the company already worth more than traditional automakers Ford and General Motors. I gave listening ears to her mentorship. It haven't been easy with my investment of $300 i receive $1000 in return I don't want a huge return I only wanted a trusted trader educator. I want to use this time to give due appreciation to Mrs rosemarysimon_1
Source: eNCA - 🏆 49. / 51 Read more »