by GreenTsun
Posted 3 years ago
Elon Musk tweeted: "Tesla & Ford are the only American carmakers not to have gone bankrupt out of 1000’s of car startups. Prototypes are easy, production is hard & being cash flow positive is excruciating,"
Farley retweeted Musk early Friday saying only, "Respect."
Musk, of course, is quietly acknowledging the bankruptcies of General Motors and Chrysler, now part of Stellantis. Staying afloat during the Great Recession a decade ago has long been a point of pride for Ford. The two executives have been in the spotlight this week as the all-electric 2021 Ford Mustang Mach-E has begun stealing customers from the dominant all-electric carmaker, as characterized by analyst Adam Jonas at Morgan Stanley.
Tesla, founded in 2003, has dominated the electric vehicle market with its Model S, Model 3, Model X and Model Y. Enthusiasts refer to the product line as SEXY. In 2020, Tesla delivered 499,550 vehicles, just missing its goal of 500,000.
Topic: US News
Tags: Tesla Ford Elon Musk