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Earlier this year, Musk said during a podcast interview with the Tesla Owners Silicon Valley Club that both Lucid and electric-truck startup Rivian were "tracking toward bankruptcy."
He warned that unless the companies "can cut their cost dramatically, they are in deep trouble and will end up in the car cemetery like every other (US automaker) with the exception of Tesla and Ford.”
https://www.thestreet.com/electric-vehicles/teslas-musk-makes-a-harsh-prediction-regarding-a-rival
He warned that unless the companies "can cut their cost dramatically, they are in deep trouble and will end up in the car cemetery like every other (US automaker) with the exception of Tesla and Ford.”
https://www.thestreet.com/electric-vehicles/teslas-musk-makes-a-harsh-prediction-regarding-a-rival
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