<div id="readability-page-1"><div><div><p><strong>Elon Musk</strong> says that achieving free cash flow with <strong>Tesla Inc.</strong> <span>TSLA</span>, when its company rivals like <strong>Lucid Group Inc.</strong> <span>LCID</span>, <strong>Rivian Technologies Inc.</strong> <span>RIVN</span> are burning through cash, is difficult.</p><h2>‘Harder Than It Looks,' Says Elon Musk</h2><p>Taking to social media platform X on Sunday, Musk shared his thoughts when replying to a post illustrating a graph that showcased Tesla's positive free cash flow when compared with competitors.</p><p>&#34;Ex Tesla, the shown companies accrued $88 billion in cash burn,&#34; the post said while also adding that Rivian was the most underperforming company in terms of cash burn.</p><p>&#34;This is harder than it looks,&#34; Musk said in his response to the post.</p><h2>Tesla's Sales Woes Worsen In Multiple Regions</h2><p>Despite the positive cash flow, the company's sales have been lackluster with double-digit declines in multiple regions across the globe, like France, as well as sales falling over 60% in countries like the UK.</p><p>Tesla sales also fell in California by over 21% despite the company's Model 3 and Model Y topping the sales charts in the state, indicating falling sales domestically for Musk's EV giant.</p><h2>Tesla Secures Texas Ride-Hailing Permit</h2><p>However, Tesla securing a permit to operate ride-hailing services in Texas could provide the company with a major boost as Musk targets the ambitious goal of serving over half of the U.S. population with Tesla Robotaxis by the end of the year.</p><p>Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Ross Gerber Slams Tesla Over Robotaxi’s ‘Wild Exaggerations,’ Calls Supervised FSD An ‘Oxymoron'</li> </ul><p><em>Photo Courtesy: Shutterstock.com</em></p></div></div></div>

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<p>Elon Musk highlighted the challenges of achieving free cash flow for Tesla amid significant cash burn by competitors Rivian and Lucid, which totaled $88 billion. Despite Tesla's positive cash flow, the company faces declining sales in various regions, including a 60% drop in the UK and over 21% in California. However, securing a ride-hailing permit in Texas may enhance Tesla's prospects as Musk aims to deploy Robotaxis across the U.S. by year-end.</p>

- Elon Musk highlighted the challenges Tesla faces in achieving free cash flow compared to competitors like Lucid and Rivian, which are experiencing significant cash burn.  
- Despite Tesla's positive cash flow, the company is struggling with declining sales in various regions, including a 60% drop in the UK and over 21% in California.  
- However, securing a ride-hailing permit in Texas may enhance Tesla's prospects as Musk aims to deploy Robotaxis to serve over half of the U.S. population by year-end.  

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Elon Musk Reacts To Rivian, Lucid Accruing Cash Burn Of $88 Billion As Tesla Remains Only Free Cash Flow Generating Company: 'Harder Than It Looks'