Phoebe Wall Howard Detroit Free Press Published 2:06 PM EDT Nov 2, 2018 Auto industry analysts mocked and dismissed comments by Tesla CEO Elon Musk on Friday, after he said in a new interview, “There’s a good chance that Ford doesn’t make it in the next recession.” The 47-year-old Silicon Valley billionaire, who has talked about sleeping under his desk and camping out at his Fremont, California, factory to make Tesla’s electric-car production goals, also said the car business is “monumentally difficult.” Musk made his comments to Kara Swisher, a prominent tech journalist, during her ”Recode Decode” podcast, which was released Friday. A spokesman for Ford declined to comment, though the company in the past has made fun of Musk’s production struggles. In July, when Musk tweeted about building 7,000 Teslas in a week, Steven Armstrong, chairman and CEO of Ford Europe, tweeted that it takes Ford four hours to build that many cars. On Friday, analysts scoffed at Musk’s new comments: “Ford has been around for 115 years. It has made it through recessions and world wars. It is sitting on a ton of cash and pays a beefy dividend. Ford will make it through the next recession for sure,” said Michelle… Read full this story
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