Elon Musk weighs in on competitor Rivian after the company's blockbuster IPO, says high production and breakeven cash flow are the 'true test'
— had already been selling its Roadster model for two years with plans to roll out Model S when it went public in 2010.reported a net loss of almost $1 billionRivian made its debut on the Nasdaq Wednesday, closing 30% up from its offering price. The startup's shares extended gains on Thursday, finishing the day 22% higher. The company'sIt's not the first time Musk has commented on his company's competitor.
,"prototypes are trivial compared to scaling production & supply chain" in response to another tweet about Rivian's electric truck production rate.Sign up for notifications from Insider! Stay up to date with what you want to know.
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