Hyperdrive
Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPO
This article is for subscribers only.
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.”