Tesla Inc boss Elon Musk said on Thursday high production and breakeven cash flow would be the 'true test' for Rivian Automotive Inc, a day after the electric vehicle maker's blockbuster market debut
Tesla head Elon Musk says high production and breakeven cash flow will be the"true test" for Rivian Automotive Inc.Tesla Inc boss Elon Musk said on Thursday high production and breakeven cash flow will be the"true test" for Rivian Automotive Inc, a day after the electric vehicle maker's blockbuster market debut.
"There have been hundreds of automotive startups, both electric and combustion, but Tesla is [the] only American carmaker to reach high volume production & positive cash flow in past 100 years," Musk said in a tweet.There have been hundreds of automotive startups, both electric & combustion, but Tesla is only American carmaker to reach high volume production & positive cash flow in past 100 years.
Musk was responding to one of his followers, pointing out that Tesla had been selling its Roadster model for over two years with plans to roll-out Model S when it went public over a decade ago. Since the IPO, Tesla has ramped up production to deliver about 500,000 cars every year, with the company entering the trillion-dollar market value club last month.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
International Finance: Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPOElon Musk doesn’t exactly sound optimistic about the prospects of Rivian Automotive Inc., even after the rival electric-vehicle maker’s blockbuster IP0.
Read more »
All eyes on Musk as he mulls over selling Tesla shares under tax pressureAs the CEO of Tesla and SpaceX does not take a salary from carmaker, the only way to pay levies is to sell stock
Read more »
Elon Musk offloads $5 billion in Tesla shares days after Twitter pollTesla CEO Elon Musk offloaded the company shares, days after setting off a Twitter poll asking whether he should sell 10% of his huge stake.
Read more »
International Finance: Elon Musk Sells $1.1 Billion of Tesla Stock To Cover TaxesTesla Inc. Chief Executive Officer Elon Musk unloaded stock in the electric car-maker, shortly after holding a poll on Twitter over whether he should sell 10% of his massive stake in the company.
Read more »
International Finance: Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPOElon Musk doesn’t exactly sound optimistic about the prospects of Rivian Automotive Inc., even after the rival electric-vehicle maker’s blockbuster IP0.
Read more »
Sasol plans to further cement its role as a top global hydrogen producer - The Mail & GuardianSasol plans to further cement its role as a top global hydrogen producer - Africa could lead world in green hydrogen production, says renewable energy expert
Read more »