Starting a new auto company from scratch is wildly expensive, and Rivian’s latest infusion of funding will smooth out operations in the early years, says Guidehouse Insights analyst and“Realistically, Rivian is looking at the potential that when they launch they will likely be operating at a loss, but they’ll still have suppliers that want to be paid,” he said. “This gives them a lot more runway.”
It will compete head-to-head with Tesla in the nascent electric pickup space, with its innovative but more traditionally-styled R1T going up against Elon Musk’s hard-edged Cybertruck, which sports more . And where Rivian’s branding ties its models to healthy outdoor activities at pristine mountains, beaches and winter scenes, Cybertruck is more of a futuristic military vehicle crafted for-like, post-apocalyptic settings. Tesla fans like it, however: Musk claims to have hundreds of thousands of Cybertruck orders. As a result, Tesla is in talks with states including Texas and Oklahoma over a new factory to build it.
Rivian’s extra funding may also be a sign it expects higher demand for its products than initially anticipated, Abuelsamid says. “It could be that that they are seeing enough potential business and customers lined up, things that haven’t been announced yet, to justify a second plant.” Along with its R1S SUV, Rivian’s revenue stream may be stable in the early years owing to an order from major backer
👍
Any truck which does not have protective bars front and back is a car. It must also have underlining cover metals to its engine under. Because it must be made to confront harsh terrains and hit rocks.
Yea someday right
Wow smh
That’s an ugly truck man, 🤦♂️
My next truck will be electric. I'm over the ICE.
Nikola Badger is the only eTruck I need.
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Rivian raises another $2.5 billion as it prepares to launch its electric pickupRivian, a Michigan-based company with plans to make fully electric pickups and SUVs, announced Friday that it secured an additional $2.5 billion in funding. CityRatUG follow me and I follow back immediately let's do it CityRatUG Good luck with that junk.... Just wait till the electricity is shut down -abandoned rusted pickups and SUV's along the road while an old guy in a 1948 Ford Truck rides by and smiles---- yeah that's me
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Rivian Snags $2.5 Billion From T. Rowe Price, Amazon To Take On Tesla In Electric TrucksThe fast-moving EV company has amassed $5.4 billion, the biggest cash hoard of any electric vehicle startup ahead of production. Fuck yeah I’m still going to purchase the Tesla cybertruck . Watching all the competition starting to create their versions has increased my look at stocks and patents. fridaymorning Ok
Source: Forbes - 🏆 394. / 53 Read more »
Rivian raises another $2.5 billion as it prepares to launch its electric pickupRivian, a Michigan-based company with plans to make fully electric pickups and SUVs, announced Friday that it secured an additional $2.5 billion in funding. CityRatUG follow me and I follow back immediately let's do it CityRatUG Good luck with that junk.... Just wait till the electricity is shut down -abandoned rusted pickups and SUV's along the road while an old guy in a 1948 Ford Truck rides by and smiles---- yeah that's me
Source: CNN - 🏆 4. / 95 Read more »
Electric-vehicle startup Rivian raises $2.5 billion in funding round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I s that the Ford focus suv from 20 years ago Can’t even make it aerodynamic. Probably has a range of 100 miles this truck kinda nice its like a land rover/suburban hybrid
Source: BusinessInsider - 🏆 729. / 51 Read more »