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Benzinga
Benzinga
Technology
Rachit Vats

Elon Musk Sees These 2 Prominent EV Makers Headed Toward Bankruptcy

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday he believes that electric vehicle startups Rivian Automotive Inc (NASDAQ: RIVN) and Lucid Group Inc (NASDAQ: LCID) are headed toward bankruptcy.

What Happened: The billionaire entrepreneur said that the two firms need to cut costs dramatically to stay out of danger.

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