Elon Musk discussed Rivian's struggles and Tesla's focus on electrification and autonomy at a town hall event.
At a town hall event, Elon Musk remarked on the challenges of the car industry, noting that only Ford and Tesla have avoided bankruptcy. He praised Rivian but acknowledged its struggles and the tough market conditions, including high interest rates and rising vehicle prices. Musk emphasized Tesla's success stems from focusing on electrification and autonomy. Despite Rivian's achievements, Musk explained why Tesla chose not to acquire the company, citing differing business strategies.
October 19, 2024
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