Tesla CEO Elon Musk criticizes new American car companies Rivian and Lucid

Tesla CEO Elon Musk recently made comments on the X platform, expressing dissatisfaction with the new American car companies Rivian and Lucid. Although Rivian set a new revenue record in 2023, it suffered heavy losses. Musk believes that Rivian's product design is acceptable, but achieving large-scale production and positive cash flow are the key to profitability. He predicts that if Rivian does not cut costs significantly, it will run out of money in about six quarters. At the same time, Musk pointed out that Lucid's survival depends entirely on the support of the Saudi Arabian Public Investment Fund.