Elon Musk Reacts To Rivian, Lucid Accruing Cash Burn Of $88 Billion As Tesla Remains Only Free Cash Flow Generating Company: 'Harder Than It Looks'

Elon Musk Reacts To Rivian, Lucid Accruing Cash Burn Of $88 Billion As Tesla Remains Only Free Cash Flow Generating Company: ‘Harder Than It Looks’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk says that achieving free cash flow with Tesla Inc. (NASDAQ:TSLA), when its company rivals like Lucid Group Inc. (NASDAQ:LCID), Rivian Technologies Inc. (NASDAQ:RIVN) are burning through cash, is difficult. Taking to social media platform X on…

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MCD, SNAP, SMCI, DIS, OPEN and more

MCD, SNAP, SMCI, DIS, OPEN and more

Check out the companies making headlines in premarket trading. McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of…

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An SUV in the woods.

Should You Buy Lucid Stock While It’s Below $3?

The electric vehicle industry is enticing because, despite some setbacks, many countries and customers around the world are shifting their attention to EVs. The gains in EV adoption are often attributed to both consumer interest and government incentives that spur industry growth. The result is that in 2024, there were 1.3 million EVs sold, an…

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