Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk couldn’t resist poking fun at rival EV maker Lucid Group (NASDAQ:LCID), following the latter’s report of a staggering net loss of $680.9 million for the first quarter after generating just $172.7 million in revenue.
What Happened: In response to a Twitter user’s suggestion that Lucid might mitigate its losses by giving away free Tesla Model 3s and halting its own car production, Musk simply replied with a laughing emoji.
Lucid incurred a net loss of over $346,000 for every vehicle delivered in the first quarter.
Musk also reacted similarly to ...