马斯克说道，When asked why he did not acquire the competitor Rivian, Musk responded that he hopes everything goes well for Rivian, the US auto industry is very challenging, and without breakthroughs in electrification and autonomous driving technologies,$Tesla (TSLA.US)$success would be impossible.
Facing the intense competition in the US auto industry, the startup electric car company once hailed as a formidable rival to Tesla$Rivian Automotive (RIVN.US)$is finding itself in increasingly difficult circumstances, with recent rumors swirling about a possible acquisition by Tesla.
During an event in Pennsylvania on October 19th local time, when asked why tesla did not acquire Rivian, tesla CEO Musk said that despite the intense industry competition, he hopes Rivian can succeed and get through the tough times. At the same time, Musk emphasized that tesla will focus on its own business development.
Musk said that the auto industry in usa is very difficult, with only Ford and tesla not having gone bankrupt, and he hopes everything goes well for Rivian.
I wish them all the best. I hope they do well. The auto industry is a very difficult industry, with only two american auto companies not having gone bankrupt, which are Ford and tesla. Rivian's days will be tough, as competition in the auto industry is very challenging. Without two technological breakthroughs, one being electrification, and the other being autonomous driving, I believe tesla would also not have succeeded.
Rivian, the emerging electric auto manufacturers in usa, once received investment intentions of 5 billion dollars from Volkswagen. However, this company has gradually fallen behind in the fierce competition in the industry, with poor financial condition and its stock price continuously declining this year.
Analysts point out that Rivian's problem lies in the fact that most of the company's models are not affordable enough for the average consumer to bear. The company is expected to launch a small model R2 by the end of 2026 or 2027 to compete with tesla's Model Y.
Earlier this month, Rivian announced that third-quarter deliveries fell short of expectations and lowered its full-year production guidance due to 'component shortages'. The company delivered 10,018 cars in the third quarter and produced 13,157 cars, both below FactSet's estimate of 12,670 cars.
Last month, morgan stanley analysts downgraded in the context of a slowing automotive market $General Motors (GM.US)$Please use your Futubull account to access the feature.$Ford Motor (F.US)$Please use your Futubull account to access the feature.$Rivian Automotive (RIVN.US)$Please use your Futubull account to access the feature.$Magna International (MGA.US)$And$Phinia (PHIN.US)$Wait for the company's rating.
Rivian's stock price has dropped 57% this year, nearing historic lows, with a short interest rate of about 16.5% on approximately 0.1223 billion shares.
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