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SoMa’s Simon on EV Race Between Rivian, Tesla

SoMa Equity Partners CIO Gil Simon joins Bloomberg’s Hema Parmar, Ed Ludlow and Caroline Hyde to discuss AI investing strategies, the EV race between Tesla and Rivian, and why he thinks Volkswagen’s deal with Rivian is a turning point for the industry. He speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology…

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SoMa Equity Partners CIO Gil Simon joins Bloomberg’s Hema Parmar, Ed Ludlow and Caroline Hyde to discuss AI investing strategies, the EV race between Tesla and Rivian, and why he thinks Volkswagen’s deal with Rivian is a turning point for the industry. He speaks on “Bloomberg Technology.”
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4 Comments

4 Comments

  1. @CanisoGaming

    August 13, 2024 at 3:50 pm

    Mehhhhhh 😂

  2. @TheMagicJIZZ

    August 13, 2024 at 5:17 pm

    Rivian doesn’t even compete with Tesla lmao

    Tesla competes with BMW and Toyota rivian competes with jeep

  3. @andromedach

    August 13, 2024 at 7:56 pm

    Rivian’s claim to fame is their ability to burn cash at a prodigious rate. How anyone believes a company that cannot make a profit on vehicles over seventy thousand will do so for those starting at fifty thousand is just hilarious. Besides losing the well known thirty thousand per vehicle just from cost of goods to revenue they are spending the equivalent over sixty thousand per vehicle to run the company.

    Tesla, even inflation adjusted, never approached half of Rivians current deficit. Rivian will not be number two in the US, that will either be Ford or GM.

    • @SupportAI309

      August 13, 2024 at 9:25 pm

      Some People have put money in Tesla with the understanding that it will be a 1 trillion dollar revenue company. Today those investors are afraid as they see companies that have the potential to leave Tesla in the dust

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Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software.
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Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York.
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