
Elon Musk says that Lucid and Rivian are tracking toward bankruptcy
Elon Musk says that electric vehicle startups Lucid and Rivian are tracking toward bankruptcy unless something changes. During an interview...

Good sign for both companies. It means Elon is still afraid of the competition.![]()
Elon Musk says that Lucid and Rivian are tracking toward bankruptcy
Elon Musk says that electric vehicle startups Lucid and Rivian are tracking toward bankruptcy unless something changes. During an interview...electrek.co
Particularly because when he started Tesla, the stated goal was to end ICE cars. Period. He often stated that if all Tesla accomplished was to get the major auto manufacturers to make electric cars instead of gas cars, he'd consider that success.Elon was quite vocal when others kept saying Tesla was doomed and was quite frustrated over the comments. Now Tesla is a success he's become exactly the same person/company that were making comments when Tesla was going through it's growth phases. Tesla was weeks away from bankruptcy and pulled through so maybe he should be supportive of the new players instead of trying to doom them.
Interesting that this comes out when he's had weeks of scrutiny. His Twitter deal is a debacle, his "get back to the office or be fired" hasn't gone down too well, his "bad feeling" about the market and cutting 10% of the workforce and now the NHSTA probe saying autopilot disengages 1 sec before crashing. The share price has tanked and now it seems they're going to have a bad quarter. Someones ego may be getting a little bruised because things aren't going his way of late.
Exactly!Classic narcissistic move to manipulate the market. Perhaps he should focus on Twitter.
What also interesting is that none of that matters. Tesla stock always goes up! Who said the stock market was rooted in fundamentals? LolInteresting that this comes out when he's had weeks of scrutiny. His Twitter deal is a debacle, his "get back to the office or be fired" hasn't gone down too well, his "bad feeling" about the market and cutting 10% of the workforce and now the NHSTA probe saying autopilot disengages 1 sec before crashing. The share price has tanked and now it seems they're going to have a bad quarter. Someones ego may be getting a little bruised because things aren't going his way of late.
“Too big to fail” all over again. Enough wealthy people are so heavily invested in Tesla at this point they’ll do anything to keep propping it up.What also interesting is that none of that matters. Tesla stock always goes up! Who said the stock market was rooted in fundamentals? Lol
He should also smoke less weed and do less Ketamine.Classic narcissistic move to manipulate the market. Perhaps he should focus on Twitter.
This reminds me of the time in middle school when I told all of my friends how ugly Suzie Johnson was. I was definitely not into Suzie Johnson! In fact, after 40 years I barely ever think about Suzie
I need to do some Ketamine . I have been feeling anxious lately, especially after reading Musk’s constant stream of excrement. There must be a clinic nearby!!He should also smoke less weed and do less Ketamine.
I wish I was musk. I could buy a stock then tweet something good about it and watch the price go up. Then sell it. Then short some other stock, tweet something negative about it and watch it go down. Rinse, repeat. People are like lemmings sometimes.Classic narcissistic move to manipulate the market. Perhaps he should focus on Twitter.
YupI wish I was musk. I could buy a stock then tweet something good about it and watch the price go up. Then sell it. Then short some other stock, tweet something negative about it and watch it go down. Rinse, repeat. People are like lemmings sometimes.
Pretty much right---and I don't see the personal attacks on Musk as shedding any light on the important issues here. Nor do the comparisons to Tesla 10 years ago; it's a different paradigm today, bec broader acceptance of the EV proposition, expanded tax benefits, battery efficiency, charging infra, etc, etc create an exponentially more fertile marketplace than Tesla faced in the beginning.Technically, every Company that is not cashflow positive is "tracking towards bankruptcy", just a matter of how long it takes to get there or turn it around.