Musk believes that popular startups in the US like Rivian and Lucid will soon collapse. He stated this during a conversation with Tesla owners in the Gigafactory Texas. He compared the two companies to a plane crash and suggested that if electric car manufacturers don’t cut spending, they will soon go out of business.

Surprisingly, Musk sees no competition between most major automakers, who have also actively started developing electric vehicle production. Besides Ford, GM, Stellantis, Volkswagen, Toyota and of course the Koreans are closely involved in this area.

At the meeting, the Tesla chief commented on the price increases for Rivian models earlier this year. He said that rising prices always lead to a sharp drop in demand. By the way, many analysts say that Rivian really loses some of its profits on every electric car that rolls off the assembly line. In addition, experts are sure that the prices for the R1T and R1S models are underestimated, that is, the company is dumping.

However, large companies are not planning to dump. Moreover, they already offer a wide range of electric cars for every taste and every budget. What can not be said about Tesla. So a situation could quickly arise where Musk himself starts thinking about how to avoid financial problems. In addition, his electric cars are increasingly subject to recalls and are being produced on the pyramid principle – solely for the money of customers and with no business risk. This can’t last forever…

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PORTAL “AVTOVGLYAD” IN TELEGRAM

Musk believes that popular startups in the US like Rivian and Lucid will soon collapse. He stated this during a conversation with Tesla owners in the Gigafactory Texas. He compared the two companies to a plane crash and suggested that if electric car manufacturers don’t cut spending, they will soon go out of business.

Surprisingly, Musk sees no competition between most major automakers, who have also actively started developing electric vehicle production. Besides Ford, GM, Stellantis, Volkswagen, Toyota and of course the Koreans are closely involved in this area.

At the meeting, the Tesla chief commented on the price increases for Rivian models earlier this year. He said that rising prices always lead to a sharp drop in demand. By the way, many analysts say that Rivian really loses some of its profits on every electric car that rolls off the assembly line. In addition, experts are sure that the prices for the R1T and R1S models are underestimated, that is, the company is dumping.

However, large companies are not planning to dump. Moreover, they already offer a wide range of electric cars for every taste and every budget. What can not be said about Tesla. So there may soon be a situation where Musk himself starts thinking about how to avoid financial problems. In addition, his electric cars are increasingly subject to recalls and are being produced on the pyramid principle – solely for the money of customers and with no business risk. This can’t last forever…

SUBSCRIBE FOR EXCLUSIVE CONTENT

PORTAL “AVTOVGLYAD” IN TELEGRAM