Elon Musk says Lucid, Rivian are tracking toward bankruptcy

Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter

Tesla Silicon Valley Owners Club released on Tuesday the second segment of a three-part interview with Tesla’s CEO recorded on May 30. When talking about the first steps of the company and the decisions he had to make towards success, Elon Musk said “unless something changes significantly with Rivian and Lucid, they will both go bankrupt”.

“Unless something changes significantly with Rivian and Lucid, they will both go bankrupt. They are tracking toward bankruptcy. I hope they can do something, but unless they can cut their cost dramatically, they are in deep trouble and will end up in the cemetery like every other car company with the exception of Tesla and Ford”, Musk said.

Earlier today, Tesla’s CEO via Twitter that the company will release the 10.13 beta version of its Full Self Driving technology in 2 weeks, in late June. According to what Musk tweeted on Friday, the version goes “deep on roundabouts” and “should get noticeably better with 10.13”.

On June 5, Tesla’s CEO had said that the upcoming version “smooths out intersection control, especially long lefts, and starts to handle roads with no map data at all” adding that “within a few months, FSD should be able to drive to a GPS point with zero map data”.

Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter

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