Tesla’s Musk Sends Dire Warning to Rivals Lucid and Rivian

When Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. reportspeaks about the environment and the problems facing the automobile sector, industry actors listen.

For many years, the billionaire worked hard to convince his peers, authorities and consumers that electric vehicles were the future. The task was not easy because skeptics about the industry were double the number of believers.

His bet even seemed lost when from 2017 to 2019 Tesla found itself on the brink of bankruptcy because of difficulties managing its ramp-up of production capacity for the Model 3 sedan, its entry-level vehicle.

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