Launching a new auto company is a significant challenge, highlighted by Tesla as the only successful American automaker in recent times. Rivian and Lucid are currently experiencing the 'valley of death' phase, marked by financial losses, increased tariffs, loss of tax credits, and supply chain issues. However, both companies are poised for growth with new revenue streams, factory expansions, and upcoming vehicle models amidst tough conditions. Ford’s anticipated announcement of a new affordable electric vehicle platform is generating excitement, while Elon Musk's substantial compensation raises questions about Tesla's future.
Rivian and Lucid are facing challenges such as losses, tariff price increases, loss of electric-vehicle tax credits, and supply chain issues, placing them in the 'valley of death.'
Despite difficulties, Rivian and Lucid show promise through revenue growth, new factories, expanded lineups, and upcoming models, though recent policy changes complicate things.
Ford is set to announce a new 'skunkworks' EV platform and an affordable electric model, referred to as a 'Model T moment' and creating significant anticipation.
Elon Musk's new $30 billion pay package raises questions about its worth and implications for Tesla's future direction.
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