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Benzinga

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Rachit Vats

Elon Musk Guns At Tesla Rival Rivian As Latter Hikes Prices: 'Their Negative Gross Margin Will Be Staggering'

Rivian Elon Musk Nasdaq Rivian Automotive Inc Tesla Inc.

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Tuesday took a dig at smaller electric vehicle rival Rivian Automotive Inc (NASDAQ:RIVN) saying the recently listed startup could see staggeringly negative gross margin.

What Happened: Rivian on Tuesday launched a more-expensive Dual Motor option for the R1T electric pickup truck and the R1S electric SUV and raised prices for the two models by up to 20%, evoking a response from the billionaire entrepreneur.

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Top stories on inkl right now

Student-led movement seeks to unseat ruling party in Serbian election

Student-led movement seeks to unseat ruling party in Serbian election

Serbia's student-led protest movement is mounting its biggest challenge yet to former president Aleksandar Vucic, as voters prepare to elect a new parliament on Sunday after nearly two years of demonstrations against alleged corruption.

Radio France Internationale

‘They wanted to make a scene’: the 72-year-old paraded in dramatic arrest for ‘voter fraud’

‘They wanted to make a scene’: the 72-year-old paraded in dramatic arrest for ‘voter fraud’

Omar Muñoz, one of 28 people charged in California, speaks out about being dragged from his home in front of cameras as DoJ accused of ‘disgusting’ PR campaign

The Guardian - US

Fears of further violence as France braces for more protests this weekend

Fears of further violence as France braces for more protests this weekend

IN FOCUS: Hundreds of thousands turned out to protest last weekend leading to unprecedented clashes. This weekend, businesses are boarding up shop windows in fears that new demonstrations will descend into violence, Maira Butt reports

The Independent UK

Why MAGA stands by Ramaswamy's ad

Why MAGA stands by Ramaswamy's ad

Many Republicans have kids who won't talk to them — and they blame their offspring

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Billionaire tax and trans rights: what are key state ballot initiatives in midterms?

Billionaire tax and trans rights: what are key state ballot initiatives in midterms?

Voters in 39 states will face an array of referendum issues – including Alabama’s on the national anthem in schools

The Guardian - US

El Salvador's planned release of some prisoners falls short for many families

El Salvador's planned release of some prisoners falls short for many families

Salvadoran President Nayib Bukele plans to release some prisoners detained during his government's crackdown on suspected gang members

The Independent UK

Related Stories

Top stories on inkl right now

Student-led movement seeks to unseat ruling party in Serbian election

Student-led movement seeks to unseat ruling party in Serbian election

Serbia's student-led protest movement is mounting its biggest challenge yet to former president Aleksandar Vucic, as voters prepare to elect a new parliament on Sunday after nearly two years of demonstrations against alleged corruption.

Radio France Internationale

‘They wanted to make a scene’: the 72-year-old paraded in dramatic arrest for ‘voter fraud’

‘They wanted to make a scene’: the 72-year-old paraded in dramatic arrest for ‘voter fraud’

Omar Muñoz, one of 28 people charged in California, speaks out about being dragged from his home in front of cameras as DoJ accused of ‘disgusting’ PR campaign

The Guardian - US

Fears of further violence as France braces for more protests this weekend

Fears of further violence as France braces for more protests this weekend

IN FOCUS: Hundreds of thousands turned out to protest last weekend leading to unprecedented clashes. This weekend, businesses are boarding up shop windows in fears that new demonstrations will descend into violence, Maira Butt reports

The Independent UK

Why MAGA stands by Ramaswamy's ad

Why MAGA stands by Ramaswamy's ad

Many Republicans have kids who won't talk to them — and they blame their offspring

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Billionaire tax and trans rights: what are key state ballot initiatives in midterms?

Billionaire tax and trans rights: what are key state ballot initiatives in midterms?

Voters in 39 states will face an array of referendum issues – including Alabama’s on the national anthem in schools

The Guardian - US

El Salvador's planned release of some prisoners falls short for many families

El Salvador's planned release of some prisoners falls short for many families

Salvadoran President Nayib Bukele plans to release some prisoners detained during his government's crackdown on suspected gang members

The Independent UK

Our Picks

Pitbull Faces Fierce Backlash After His Cheeky Confession About Jennifer Lopez: “So Nasty And Cringe”

Pitbull has finally explained the viral 2011 photo of himself and Jennifer Lopez, but his cheeky confession has left some people wishing he had kept the story to himself.

James McAvoy explains why he quit alcohol

X-Men star James McAvoy has revealed he quit alcohol after he started drinking too much during the COVID-19 lockdowns.

Make the most out of the last spoonful

Before you throw away that jar with only a bit left inside, turn it into a dressing, sauce, glaze or even a drink instead

The Guardian - UK

GLP-1 weight-loss drugs change how people eat, but nausea needs closer study

Someone taking a weight-loss drug might leave half their dinner because they feel comfortably full. They might also stop because they feel nauseous. Measuring the leftovers would reveal the same result, but tell researchers little about why the person stopped eating.

The Conversation

This beauty set promises $950 worth of products for $150. Does it deliver?

We reviewed Revolve’s 12- and 25-day beauty advent calendars to see if the brand’s offerings provide value for your money

The Guardian - US

Shazam! star Michael Gray dies

Actor Michael Gray, who famously played teenage Billy Batson in the 1970s CBS series Shazam!, has died of natural causes at the age of 75.

Fourteen days free

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