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Rivian’s shares fell as much as 17% Thursday to $75.13 in New York before paring the loss. They were down 6.9% as of 11 a.m.
What is this?There is a very little known law in the US,EU, and China that prohibits Rivian from selling compact and subcompact SUVs and pickups.
given the chevy bolt problem and the fact that GM is now on the hook for billions due to its *contractor* (no matter how large they are) - yes, I find it quite ok to ask to tour and keep inspecting your subcontractor's buildings and work styles."Rivian had requested a transfer of the battery making technology and also rights to inspect the interior of factories, they said, which was unacceptable to Samsung SDI."
Wow. If true.
Rivian acting as if they make 11M vehicles per year and Samsung is the startup.
What is this?
Ok. I was scratching my headThat is me being a sarcastic smartass. I mean to point out the exact opposite is true.
Many TMCers that assert Rivian and Lucid will almost certainly fail claim they can't survive on R1T/S or Air alone as if they can't expand the product portfolio.
Amazon literally owns 22% of Rivian, Ford owns 12%. I don't know who RJ Scaringe is but he was able to get these two companies to invest that much in this company so he is least a very convincing salesman.Has Amazon's Q4 ER made Rivian too important to fail?
Amazon literally owns 22% of Rivian, Ford owns 12%. I don't know who RJ Scaringe is but he was able to get these two companies to invest that much in this company so he is least a very convincing salesman.
Selling has never been Rivian’s problem. Manufacturing … to be seen. So far not starting great.
Ouch. Soros down 42% on Rivian investment.Billionaire Soros buys stake in EV startup Rivian
Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent...finance.yahoo.com