Fast Technology reported on October 21.
On October 19, local time, Tesla CEO Musk was asked at an event in Pennsylvania why he did not acquire Rivian.
In this regard, Musk said that although the industry is fiercely competitive, he hopes Rivian can succeed and survive difficult times.
Tesla will focus on its own business development.
, at the same time, Musk emphasized that Rivian’s life will be very difficult and it will be very difficult to compete in the automobile industry.
The American auto industry is very difficult, and only Ford and Tesla are still not bankrupt.
If it were not for the two technological breakthroughs of electrification and autonomous driving, I don’t think Tesla would have been able to succeed.
It is reported that Rivian is a representative car company of the new forces in car building in the United States.
It has received billions of dollars in investment from Volkswagen of Germany, Amazon, Ford and others.
The cumulative amount of funds raised has exceeded 10.
5 billion US dollars.
However, some analysts pointed out that the models produced by Rivian are not people-friendly enough for ordinary consumers to bear, resulting in poor sales.
Earlier this month, Rivian announced that third-quarter deliveries fell short of expectations and lowered full-year production guidance due to “component shortages.
” The company delivered 10018 vehicles and produced 13157 vehicles in the third quarter, both below FactSet’s forecast of 12670 vehicles.
, In addition, Rivian’s share price has fallen 57% this year, near an all-time low, with a current total market value of US$10.
123 billion, and its share price is still falling.
, 
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