Elon Musk isn’t known to stand up for his rivals, but he doesn’t like being staged, so it’s the exact opposite.
Tesla’s charismatic CEO ((((TSLA)-Get Tesla Inc report SpaceX played a lawyer in one of Tesla’s most serious rivals, a manufacturer of high-end electric vehicles, in several tweets.
This defense is even more amazing when this enemy has one knee on the ground. This is the ideal moment to bend the other knee in the relentless competition of electric cars between automakers.
After Rivian ((((RIVN)-Get a Class A report from Rivian Automotive, Inc.A young electric car maker has announced that it will only produce 25,000 cars in 2022 due to supply chain issues, and social media debates about its future.
And, in many cases, commentators quickly released numbers that were against Rivian in order to compare Rivian and Tesla. The idea for these comparisons was clearly that Rivian wasn’t at Tesla’s level. That’s when the mask intervenes.
“Prototypes are easy and difficult to produce,” Musk recently wrote. Comparing Tesla and Rivian after the IPO at the same stage in response to fan tweets shows that the Billionaire Group is far ahead of its competitors.
“Making an electric car wasn’t a difficult part of Tesla – dozens of companies did it,” Musk continued.
After that, he continued to demonstrate in these terms.
“But reaching mass production with sustained positive cash flow was finally achieved 100 years ago by the American car company Chrysler!” Musk defended.
“Ford and Tesla are the only American car companies to avoid bankruptcy. Even GM and Chrysler went bankrupt in 2009.”
In other words, it’s unfair that electric car makers want to fill Rivian because they’re struggling to increase production. Rivian was founded in 2009 and was published in 2021. The elder Tesla was created in 2003 and published in 2011.
Rivian recently admitted that he had major problems in mass-producing cars to meet demand.
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“The biggest constraint we are facing right now is in the supply chain, which is that the number of parts that the supplier does not start up at the same speed as the production line starts up is very small,” said CEO RJ Scaringe. I told the analyst. Call for earnings in the fourth quarter.
“Our main focus is to enhance production of regular facilities and R1 and RCV platforms. We are working hard to mitigate supply chain challenges, but until 2022, the supply chain will be me. We believe it will be a fundamental limiting factor for us. Total annual production. “
Rivian, which normally produces three vehicles, the R1T electric pickup truck, the R1S electric SUV, and the RCV electric commercial van, will soon begin construction of a second production base east of Atlanta.
Difficulty of Rivian and Lucid Group ((((LCID)-Get Lucid Group, Inc. ReportIt seems that the mask reminds us of similar painful memories as Tesla, which another Tesla rival is passing through.
Indeed, when the commentator pointed out to him that Tesla was on the verge of bankruptcy, Mask did not retreat.
“Tesla was literally in breach of bankruptcy in 2018, and it’s insane that you got over it,” the user said.
“Truly, it was a big pain,” Musk admitted.
This isn’t the first time Musk has said that Tesla is about to file for bankruptcy in 2018. In November 2020, the wealthiest man in the world tweeted that his company was about a month away from bankruptcy. Produces a Model 3 electric sedan.
“The closest we got was about a month. The Model 3 ramp was a long time of extreme stress and pain from mid-2017 to mid-2019. Production and logistics are hell.” Said Musk on November 3, 2020.
Tesla certainly experienced great difficulty in increasing the production rate of the Model 3. The entry-level vehicle was intended to appeal to consumers with an average income.
This difficult time in Tesla’s history is symbolized by an interview with Mask at the Joe Rogan podcast in September 2018. During this interview, Musk and his host smoked weeds.