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International Business Times UK
International Business Times UK
Vinay Patel

Elon Musk Predicts Potential Bankruptcy For Tesla Rivals Rivian And Lucid

Elon Musk makes dire predictions for Tesla rivals Rivian and Lucid. (Credit: Wikimedia Commons)

Elon Musk has shared his unfiltered opinions on Tesla rivals Rivian and Lucid after their Q4 earnings reports.

Commenting on Lucid's Q4 earnings, Musk said, "Their Saudi sugar daddy is the only thing keeping them alive," attributing the company's continued operations to the significant financial support received from the Public Investment Fund (PIF) of Saudi Arabia.

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