Buzzy electric car company Rivian announced a $500 million investment from Ford Wednesday, coming months after a $700 million funding round led by Amazon in February. The Michigan-based business, founded in 2009, has been called the"Tesla of trucks," and many experts believe Rivian will be competition to Tesla, as well as established truck manufacturers like General Motors.
They also have three battery capacity options: 105 kilowatt-hour , which can travel up to 240 miles on one charge; 135 kilowatt-hour that can travel up to 310 miles; and 180 kilowatt-hour that can travel up to 410 miles. They are also built with a"skateboard platform" according to the company, a skateboard-shaped unit that houses the battery pack, drive units, suspension, braking and thermal system all below the height of the wheel.
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MakeIt Ford is betting on the wrong horse....again!! TSLA is at super cheap values. That is a much better long term bet.
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