Elon Musk Says There’s A Reason Why Only 2 US Carmakers Have Avoided Bankruptcy Out Of Thousands

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Thursday that his electric vehicle firm and Ford Motor Company (NYSE: F) were the only American carmakers not to have gone bankrupt out of the thousands of startups operating in the industry.

What Happened: Musk reasoned on Twitter that while “prototypes are easy, production is hard [and] being cash flow positive is excruciating.”

The entrepreneur also reacted to Twitter users who posted on the rivalry between the two companies’ trucks.

Why It…


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