Elon Musk responded when asked about taking over the struggling EV firm Rivian. To this, the Tesla CEO said, “I wish them the best. I hope they do well. The car industry is a very difficult industry.” He added that only two EV car companies in the United States did not go bankrupt: Ford and Telsa. He said Rivian would have a hard time competing in the car industry because it would be difficult. He said Tesla also could not have succeeded if not for these two factors – electrification and autonomy. ‘Competing With Elon Musk Is No Easy Matter, Would Love To Partner With Tesla on Robotaxis’: Uber CEO Dara Khosrowshahi.
Elon Musk Said ‘EV Industry Is Difficult’ and Wished Rivian ‘Best of Luck’
Elon Musk was asked tonight why @Tesla hasn’t bought Rivian:
“I wish them the best. I hope they do well. The car industry is a very difficult industry. There’s only two U.S. car companies that haven’t gone bankrupt and that’s Ford and Tesla. Rivian’s going to have a hard time.… pic.twitter.com/yzgSlKkpTs
— Sawyer Merritt (@SawyerMerritt) October 19, 2024
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