Tesla CEO Musk predicts Rivian could go bankrupt within six quarters

2024-12-26 09:07
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Tesla CEO Elon Musk predicted that Rivian could be "bankrupt within six quarters" after the company released its fourth-quarter earnings report. Rivian reported a net loss of $1.52 billion in the fourth quarter, but had $9.37 billion in cash and cash equivalents at the end of the fourth quarter.