Dim outlook: "We dug our own grave with Cybertruck," Musk conceded, warning that "there will be enormous challenges in reaching volume production with the Cybertruck, and then in making a Cybertruck cash flow positive." E-truck roadblocks: Tesla is not alone in facing roadblocks in its electric truck journey. Some analysts believe these challenges present an opportunity for Rivian Automotive (RIVN) to build up its electric truck reputation. Investing Group Leader Cestrian Capital Research said management's outlook of further revenue growth and higher margins suggests scale and better revenue yield from content assets. As part of its second bankruptcy attempt, LTL had offered $8.9B to settle all current and future talc claims.
Source: CNN October 19, 2023 19:04 UTC