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Tesla Acquiring Michigan-Based Tool & Die Company

Discussion in 'Tesla Motors' started by bonnie, May 6, 2015.

  1. bonnie

    bonnie Oil is for sissies.

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    http://www.freep.com/story/money/cars/2015/05/06/tesla-motors-acquisition-riviera-tool-grand-rapids/70916758/

    I've got to note that I really like seeing their presence expanding like this, especially in Michigan. Especially in Michigan.
     
  2. AnOutsider

    AnOutsider S532 # XS27

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  3. bonnie

    bonnie Oil is for sissies.

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    Eventually we'll all work for Elon.
     
  4. RiverBrick

    RiverBrick Active Member

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    Bonnie, how did the Michigan tool and die employees take the news when you notified them?
     
  5. bonnie

    bonnie Oil is for sissies.

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    I'm just linking a news article! I have no idea. But if I were to guess, I'd suppose they might be excited to be going to work for such a disruptive company.
     
  6. JST

    JST Active Member

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    Heck, someday they might even be able to *buy* a Tesla in Michigan.

    I mean, not soon. But someday.
     
  7. bonnie

    bonnie Oil is for sissies.

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    Now that Tesla is responsible for some jobs in Michigan, they'll have influence from the inside. Brilliant choice, really. And probably the best company for the job. Win on many fronts.
     
  8. Grendal

    Grendal Active Member

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    First they ignore you, then they laugh at you, then they fight you, then you win.

    - disputed quote by Mahatma Gandhi
     
  9. Pilot_51

    Pilot_51 Member

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    I'm happy to see Tesla's future in Michigan got a little brighter. It may just be the influence they need to get the laws changed so they can sell and service within the state.

    At first, when I read the headline from this article posted in IRC, I was hoping it was one of the two major auto suppliers neighboring my workplace, so my car wouldn't feel so alone in the parking lot.
     
  10. sandpiper

    sandpiper Active Member

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    I wouldn't be surprised to see Tesla getting more involved in the rust belt. California is great for software and tech, but the rust belt has a tremendous amount of expertise in the the nuts and bolts of what it takes to produce all of the other vehicle parts in high volumes.

    I'm guessing that Tesla was subcontracting a lot of their tooling to this company and that commercial matters were slowing things down. At a certain point it was simply cheaper and quicker to buy the company and then they could dictate what gets done and when without getting overcharged.
     
  11. hirox

    hirox Member

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    Riviera tool co. (RIVT) increased alot in value today, the stock reaching as high as 12 000% in worth. How does this affect Tesla?

    finance.yahoo.com/echarts?s=RIVT+Interactive#
     
  12. TEG

    TEG TMC Moderator

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  13. Robert.Boston

    Robert.Boston Model S VIN P01536

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    Turns out this this is NOT the same company that Tesla is buying.
     
  14. Joel

    Joel Active Member

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  15. motobroker

    motobroker Member

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