Rivian has closed a massive $2.5 billion round of funding led by funds and accounts advised by T. Rowe Price Associates. Participants in this investment round included Soros Fund Management LLC, Coatue, Fidelity Management and Research Company, and Baron Capital Group. Existing shareholders Amazon and funds managed by BlackRock also participated. Rivian is set to... READ FULL ARTICLE
$6,000,000,000 [read 6 billion] 100,000 Vans for Amazon = $60,000/Van How about 600,000 vehicles => $10,000 / vehicle How about 6,000,000 vehicles => $1,000 per vehicle side note: Tesla made 1,000,000th car about March 9, 2020. 2008 => 2020 about 12 years to make about 1 Million vehicles. Tesla produces its 1 millionth electric car - Electrek 2008 first Roadster "... (about) 2,418 units sold by September 2012." 2010-2019 (10 years) Tesla R&D = ~$7 Billion => $7000 per vehicle Tesla's R&D costs 2010-2019 | Statista includes vehicles S/X/3/Y/SEMI/Roadster 2008&2020/CyberTruck + batteries Rivian Capital vs Tesla R&D - not really a proper comparison is it. We shall see how Rivian compares when they actually make vehicles.
they have been on a hiring spree, that much I know. they are something to watch. so far, a very serious player, but at early stages. and they are collecting some good people, so I would not bet against them
why do you think lucid is failed? they have not even really got started yet. from all I've heard, they are pretty far along, in fact.