Elon Musk's recent comment about Rivian and Lucid Motors potentially going bankrupt unless something changes significantly has sent shockwaves through the electric vehicle (EV) community. Musk's words, coming from his experience with Tesla, hint at the intense challenges these companies might be grappling with behind the scenes. It's like a reality check for the EV dreamers, highlighting the bumpy road of fierce competition, financial juggling, and shifting consumer preferences that startups like Rivian and Lucid face. While the EV world is booming, not all who enter are guaranteed success. Everyone's now on the edge of their seats, curious to see how these companies will steer their course in the EV race and whether they can dodge the looming threat of bankruptcy.
We predicted this long before this but we're glad Elon is reading his Auto Spies.
Sure, the interview happened over a year ago but the contents are even MORE relevant today with the EV slowdown..
Are we and Elon RIGHT?