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Elon Musk taunts Tesla rival Rivian after its blockbuster market debut

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Tesla Motors CEO Elon Musk speaks to the media next to its Model S.

Nora Tam | South China Morning Post | Getty Images

Tesla CEO Elon Musk said high production and break-even cash flow will be the true test for rival carmaker Rivian, which had a blockbuster IPO this week and now has a market value of more than $100 billion.

“There have been hundreds of automotive startups, both electric and combustion, but Tesla is [the] only American carmaker to reach high volume production & positive cash flow in past 100 years,” Musk said in a tweet Thursday.

He added, “I hope they’re [Rivian] able to achieve high production and breakeven cash flow. That is the true test.”

Rivian, which did not…



Source cnbc.com

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