Elon Musk Responds to Question if Tesla Will Take Over Struggling EV Firm Rivian, Says ‘I Wish Them the Best. It Is a Very Difficult Industry’
Elon Musk responded why he did not take over the struggling EV firm Rivian and said the car industry was tough. He wished Rivian good luck for the future.
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
(The above story first appeared on LatestLY on Oct 19, 2024 05:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
