Tesla Inc.’s CEO Elon Musk recently took a jab at Rivian’s (NASDAQ:RIVN) valuation and investor Gary Black comparing the latter to CNBC host Jim Cramer.
What Happened: On Tuesday, Musk responded to a post by X user AJ, who shared an old post of Black on Rivian.
Black had estimated Rivian’s market cap at around $70 billion, assuming the company would produce 150,000 electric vehicles per year by 2024.
Musk responded sarcastically, “Is he trying to compete with Cramer?”
Is he trying to compete with Cramer? — Elon Musk (@elonmusk) May 8, 2024
Why It Matters: The Tesla CEO’s comment is a reference to his previous ...