Make this your homepage
Business News
Home > Business News
Tesla, Ford only carmakers not gone bankrupt: Elon Musk
TIWN
Tesla, Ford only carmakers not gone bankrupt: Elon Musk
PHOTO : TIWN

New Delhi, March 7 (TIWN) As several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt.

US automaker Ford last month announced to more than double its investment in electric and autonomous vehicles to $29 billion. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022.  "Tesla & Ford are the only American carmakers not to have gone bankrupt out of 1000's of car startups. Prototypes are easy, production is hard & being cash flow positive is excruciating," Musk said in a tweet on Friday.  Ford CEO Jim Farley responded to his tweet, saying: "Respect".

Add your Comment
Comments (0)

Special Articles

Saumen Sarkar Saumen Sarkar
Anirban Mitra Anirban Mitra