With electric vehicle (EV) names like Tesla and Rivian recently announcing financial woes, the former CEO and chairman of Chrysler told a cautionary tale about the market’s future. "They're having one heck of a time. These startups are just not going to make it," Bob Nardelli, who was at the helm of Chrysler during the Great Recession, said Tuesday on "Cavuto: Coast to Coast.
" "This is just another issue, another debacle by this administration trying to create a revolution versus allowing an evolution," he continued. "You can't force it down consumers' throats." On the same day as Nardelli’s comments, Tesla stock started to slide on a big deliveries shortfall: The EV maker produced over 433,000 vehicles during the first three months of the year, down 12% from the prior quarter, and it delivered 387,000, down 20% from the prior quarter, the company reported. Analysts had expected the automaker to deliver over 400,000, according to estimates. BUYERS OF TESLA'S CHINESE RIVAL E.