Bloomberg Technology
Rivian Is Banking on the Anti-Tesla Crowd for VW Venture
Bloomberg’s Max Chafkin joins Caroline Hyde and Ed Ludlow to discuss a Businessweek deep dive into Rivian and how the startup persuaded Elon-phobic car buyers to drop $70,000 on its EVs – and how it now needs to make money. He speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:…
@Rx100Vx
July 11, 2024 at 3:38 pm
Rivian is creating its own space in the mobility space and it’s got the vehicles and brand to make it.
@andromedach
July 11, 2024 at 4:16 pm
If this is their game plan they will definitely go broke. They are losing nearly a billion dollars a quarter just to run the company and that does not count their losses per each vehicle sold which they no longer claim will be a positive number by end of year. VW infusion is only 1b initially but all other funds are not there to pad Rivian’s bank account. Rivian has less than eight billion dollars of cash available which gives them six quarters before a new funds raise will be required.
@SupportAI309
July 11, 2024 at 6:15 pm
You still don’t get it huh
@DolphinAnalyticsAI
July 11, 2024 at 7:30 pm
TESLA Game is crystal clear now… while the competition still does not have and AI vision of how to train a massive Nueral network to power the self driving future. Do they even have a data center they are building Vidoe based AI Models on? Love to hear more about TESLAS competition and how they are going to compete in an AI world of tomorrow.
@rannickcauthon1821
July 11, 2024 at 4:16 pm
Bottom line, Rivian delivers less car for more money…
@skyak4493
July 11, 2024 at 4:27 pm
I think that is all just online troll wars. The biggest threat to tesla is Elon. Rivian has a good product and plan but has a lot of expensive growing to do.
I sure as hell would rather have an R1 than a cyberturd.
@Teen-Conor
July 11, 2024 at 6:07 pm
Biggest threat is Elon? How stupid is that comment. Tesla doesn’t exist without Elon. Just because you are a leftist twat that likes censorship it doesn’t mean the market will follow your dumbass ideology.
@AshleyKeith-vw7ws
July 11, 2024 at 6:12 pm
The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.
@ChloeCarter-kd7gz
July 11, 2024 at 6:14 pm
What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley bank?
@AshleyKeith-vw7ws
July 11, 2024 at 6:19 pm
Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.
@EricaWaters-lr6zw
July 11, 2024 at 6:21 pm
I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.
@HRMColoniallifeinsurance
July 11, 2024 at 6:22 pm
I’m indifferent. All I really do care about is what assets and securities will drive the Santa Rally? It is upon us, folks. I have a $100k portfolio, and I have a friend who has grown theirs to over 30% with the recent rallies. He is up 4% this month alone!
@AshleyKeith-vw7ws
July 11, 2024 at 6:22 pm
I might sell to the tune, but not without the approval of my broker as usual since 2022. With eyes and ears on Wall Street, I have raked in 140% on a managed portfolio currently worth $315k run under a hedge fund by Desiree Ruth Hoffman.
@DolphinAnalyticsAI
July 11, 2024 at 7:21 pm
I hope some of the lagging inefficient competition can catch up to TESLA. I think there is a ton of services that TESLA will be able to offer to help these guys get off the ground and become self sufficient profitable and most importantly SCALABALE EV manufacturing business. I think TESLA’s massive EXPERIENCE/AI/DATA advantage can be leveraged as a Service for some of these struggling companies to compete. Everybody wins. Thankfully TESLA has open sourced its Charging Network, but i think they will offer much more in the future… they want and need the competition… I hope they can learn to cooperate to have a bright future… while TESLA has a grand plan in progress for the Energy business as a whole… seems like these less mature companies are focusing on how to become profital just to survive.