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

Benzinga2021-03-05

Tesla IncTSLACEO Elon Musk said Thursday that his electric vehicle firm andFord Motor CompanyFwere the only American carmakers not to have gone bankrupt out of the thousands of startups operating in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Sogon
2021-03-08
Sogon
Ford becoming a competitor with Tesla? Hmmm
Lzoakz
2021-03-08
Lzoakz
Ok
koonkoon
2021-03-08
koonkoon
Good
KWHChye
2021-03-08
KWHChye
Respect
- KWHChye:
  Nice
- alexteoh90:
  comment me thank you
leerazxc
2021-03-08
leerazxc
Elon musk legend
sherming
2021-03-08
sherming
Awesome!!!

Leave a comment

100

298

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1143578966?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-05 22:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143578966","market":"us","top_or_hot":-1,"title":"Elon Musk Says There's A Reason Why Only 2 US Carmakers Have Avoided Bankruptcy Out Of Thousands","media":"Benzinga","content":"<div>\n<p>Tesla IncTSLACEO Elon Musk said Thursday that his electric vehicle firm andFord Motor CompanyFwere the only American carmakers not to have gone bankrupt out of the thousands of startups operating in ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/03/20025377/elon-musk-says-theres-a-reason-why-only-2-us-carmakers-have-avoided-bankruptcy-out-of-thousands\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Says There's A Reason Why Only 2 US Carmakers Have Avoided Bankruptcy Out Of Thousands</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Says There's A Reason Why Only 2 US Carmakers Have Avoided Bankruptcy Out Of Thousands\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/03/20025377/elon-musk-says-theres-a-reason-why-only-2-us-carmakers-have-avoided-bankruptcy-out-of-thousands><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla IncTSLACEO Elon Musk said Thursday that his electric vehicle firm andFord Motor CompanyFwere the only American carmakers not to have gone bankrupt out of the thousands of startups operating in ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/03/20025377/elon-musk-says-theres-a-reason-why-only-2-us-carmakers-have-avoided-bankruptcy-out-of-thousands\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.benzinga.com/news/21/03/20025377/elon-musk-says-theres-a-reason-why-only-2-us-carmakers-have-avoided-bankruptcy-out-of-thousands","article_id":"1143578966","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143578966","pubTimestamp":1614953473,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"Tesla IncTSLACEO Elon Musk said Thursday that his electric vehicle firm andFord Motor CompanyFwere t","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"埃隆•马斯克表示，数千家美国汽车制造商中只有两家避免破产是有原因的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Tesla IncTSLACEO Elon Musk said Thursday that his electric vehicle firm andFord Motor CompanyFwere the only American carmakers not to have gone bankrupt out of the thousands of startups operating in the industry.What Happened:Muskreasonedon 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 Matters:In November 2018, Musk had said in aninterviewthat the “history of car companies in America is terrible.”He had said at the time, “the only ones that haven’t gone bankrupt are Tesla and Ford. That’s it. Everyone else has gone bankrupt.”Musk credited excruciating effort by him and hundred-hour weeks by Tesla employees for the survival of Tesla.Musk had said that whileGeneral Motors CompanyGMand Chrysler — now a marque underStellantis NVSTLA— had already gone bankrupt, Ford and Tesla barely made it through a recession.Musk had not seemed upbeat at Ford’s prospects in 2018 and said, “there’s a good chance Ford doesn’t make it in the next recession.”In November, Musk revealed that Tesla was only amonth away from bankruptcyahead of the Model 3 rollout.He said that it was “extremely difficult” to raise money for an electric car startup when peers like GM and Chrysler were going bankrupt.“I put in my last money, even though I thought we would still fail. But, it was either that or certain death for Tesla.”On Wednesday, it was reported that Tesla isbleeding Battery EV market shareto Ford Mustang Mach-E, as per Morgan Stanley.Price Action:Tesla shares fell 3.43% in the after-hours session on Thursday to $600.10 after closing the regular session 4.86% lower at $621.44. On the same day, Ford shares closed nearly 2% lower at $11.93 and fell almost 2.2% in the after-hours session.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":320455617,"gmtCreate":1615170537939,"gmtModify":1704779060095,"author":{"id":"3574595664255534","authorId":"3574595664255534","name":"Sogon","avatar":"https://static.tigerbbs.com/5f976e066a7b05d035ba174a06f3d8eb","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3574595664255534","authorIdStr":"3574595664255534"},"htmlText":"Ford becoming a competitor with Tesla? Hmmm","listText":"Ford becoming a competitor with Tesla? Hmmm","text":"Ford becoming a competitor with Tesla? Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320455617","repostId":1143578966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":320460426,"gmtCreate":1615168707965,"gmtModify":1704779025326,"author":{"id":"3571099496073631","authorId":"3571099496073631","name":"Lzoakz","avatar":"https://static.tigerbbs.com/1b25fe5f61dfcb3947c3347cb6e1bd6f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571099496073631","authorIdStr":"3571099496073631"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320460426","repostId":1143578966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":320436700,"gmtCreate":1615166648500,"gmtModify":1704778993240,"author":{"id":"3564546889826365","authorId":"3564546889826365","name":"koonkoon","avatar":"https://static.tigerbbs.com/5dcc75085d1205dc8567a05395bac661","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3564546889826365","authorIdStr":"3564546889826365"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320436700","repostId":1143578966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":320438264,"gmtCreate":1615166516558,"gmtModify":1704778991942,"author":{"id":"3559643628960690","authorId":"3559643628960690","name":"KWHChye","avatar":"https://static.tigerbbs.com/ff28c38f154930713b0a64f6389191d8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559643628960690","authorIdStr":"3559643628960690"},"htmlText":"Respect","listText":"Respect","text":"Respect","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/320438264","repostId":1143578966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3754512,"gmtCreate":1615313972098,"gmtModify":1680779741938,"authorId":3559643628960690,"author":{"id":3559643628960690,"idStr":"3559643628960690","authorId":3559643628960690,"name":"KWHChye","avatar":"https://static.tigerbbs.com/ff28c38f154930713b0a64f6389191d8","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.22","exceedPercentage":"93.48%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":320438264,"type":1,"supId":3751607,"prevId":0,"content":"Nice ","text":"Nice ","html":"Nice "},{"id":3751607,"gmtCreate":1615291678768,"gmtModify":1680779705748,"authorId":3555506077280254,"author":{"id":3555506077280254,"idStr":"3555506077280254","authorId":3555506077280254,"name":"alexteoh90","avatar":"https://static.tigerbbs.com/0820705d37ed3954c9e6d6db9f611e25","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":320438264,"type":1,"supId":0,"prevId":0,"content":"comment me thank you","text":"comment me thank you","html":"comment me thank you"}],"langContent":"EN"},{"id":320430533,"gmtCreate":1615166191822,"gmtModify":1704778987254,"author":{"id":"3574334685050833","authorId":"3574334685050833","name":"leerazxc","avatar":"https://static.tigerbbs.com/e93a5949b9ac05b82ba5697081e108f2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574334685050833","authorIdStr":"3574334685050833"},"htmlText":"Elon musk legend&nbsp;","listText":"Elon musk legend&nbsp;","text":"Elon musk legend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320430533","repostId":1143578966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":320548189,"gmtCreate":1615162616941,"gmtModify":1704778940349,"author":{"id":"3578112839196172","authorId":"3578112839196172","name":"sherming","avatar":"https://static.tigerbbs.com/85bad1a5893634b3dd0d2aa091daa668","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578112839196172","authorIdStr":"3578112839196172"},"htmlText":"Awesome!!!","listText":"Awesome!!!","text":"Awesome!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320548189","repostId":1143578966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":298,"commentSize":100,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143578966"}