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Rivian Soars on Volkswagen’s $5 Billion Investment

Rivian shares surged in its biggest intraday rise since November 2021 on Wednesday after Volkswagen said it plans to establish a joint venture and invest up to $5 billion until 2026 in the electric-car maker. Cox Automotive Director of Industry Insights Stephanie Valdez Streaty joins Ed Ludlow to discuss on “Bloomberg Technology.” ——– Like this…

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Rivian shares surged in its biggest intraday rise since November 2021 on Wednesday after Volkswagen said it plans to establish a joint venture and invest up to $5 billion until 2026 in the electric-car maker. Cox Automotive Director of Industry Insights Stephanie Valdez Streaty joins Ed Ludlow to discuss on “Bloomberg Technology.”
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5 Comments

5 Comments

  1. @williamelkington5430

    June 26, 2024 at 4:38 pm

    Companies have tried to push Rivian around through notional JV relationships. Rivian hasn’t liked being pushed around. And they won’t like it, as far as I can tell, when it comes to VW and any other potential business partner. The conventional wisdom here and elsewhere is that the R2 will be a Model Y competitor. This is mostly silly. The R2 will be an off-roader first and foremost. The Model Y isn’t. R2 will define a new competitive space no one has yet occupied.

    • @kenyattaclay7666

      June 26, 2024 at 6:45 pm

      You are correct that the R2 won’t actually be a direct competitor to the model Y but you are incorrect when you say they are carving out a space that is yet to be occupied. The R2 will actually compete with the Bronco Sport, the higher trims of the Subaru Outback and a little bit with the RAV4 Prime. While the R2 will be off road capable it’s not going to be a rock climber. It’s going to be a car you take to go camping, to the cabin, to the beach or maybe a little overlanding. It is also going to attract people who would like to have a Bronco Sport or Outback with a plug but can’t get it because they don’t exist.

    • @williamelkington5430

      June 26, 2024 at 6:53 pm

      @@kenyattaclay7666 We disagree.

  2. @BUY_YT_Views_378

    June 26, 2024 at 5:52 pm

    You’re the reason I keep coming back to YouTube

  3. @ourv9603

    June 26, 2024 at 6:32 pm

    I am SO glad a white knight rode in to save RIVIAN as they make great products
    which are all forward thinking cutting edge RIVIAN deserves to survive. HOWEVER
    some white knights are dirty bastards in that in exchange for their investment they
    DEMAND 70% ownership of the company. Time will tell if this helps RIVIAN.

    !

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CNET

iPhone Duo Livestream: How Many Folds Can Apple’s Phone Take? Day 13

Apple’s iPhone Duo is out and we want to see how durable it is. So we built a robot to fold it 20,000+ times a day to test its limits. How long do you think it will last? 100,000 folds? 200,000 folds? 500,000 folds? Tune in and watch the testing live. We’ll have CNET’s editors…

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Apple’s iPhone Duo is out and we want to see how durable it is. So we built a robot to fold it 20,000+ times a day to test its limits. How long do you think it will last? 100,000 folds? 200,000 folds? 500,000 folds? Tune in and watch the testing live. We’ll have CNET’s editors online to answer any of your questions.

Join us weekdays from 10:00 AM – 2:00 PM PT / 1:00 PM – 5:00 PM ET

Read more about the iPhone Duo Folding Test on CNET.com
We Answer 16 Questions About Folding the iPhone Duo Hundreds of Thousands of Times

The iPhone Duo Is Now in Our Custom-Made Foldable Phone Test Machine. Will It Beat the Galaxy Fold 8?

iPhone Duo Review: Late to the Foldable Party, but It Steals the Show

Check out the 3D Printer Matthew Murray used to print the sled that iPhone Duo is sitting on:
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Why the data center you dread might never even be built | Equity Podcast

The data center boom is running into serious real-world obstacles, from widespread local opposition and permitting delays to a scramble for electricity. Before those challenges even come into play, though, there’s a more basic problem: A lot of the projects being announced may never get built in the first place. With billions of dollars in…

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The data center boom is running into serious real-world obstacles, from widespread local opposition and permitting delays to a scramble for electricity. Before those challenges even come into play, though, there’s a more basic problem: A lot of the projects being announced may never get built in the first place. With billions of dollars in AI infrastructure investment at stake, separating realistic projects from speculative ones is becoming increasingly important.

On this episode of TechCrunch’s Equity podcast, hosts Rebecca Bellan and Tim De Chant are joined by Brent Nelson, senior managing director of markets and strategy at Ascend Analytics, to separate the data center projects that are likely to get built from the ones that may never get off the ground.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters:
00:00 Intro
2:20 Will the midterms and data center backlash slow the buildout?
5:33 Announced vs. actually built: the speculation problem
10:01 Who’s lending, and why tenants matter most
14:59 Powering data centers: why everyone defaults to gas
18:44 The case for curtailable interconnections plus batteries
20:09 Why the grid can’t just move power around
24:46 Can data centers pay their way out of opposition?
27:22 What founders and investors shouldn’t assume
29:31 Permitting reform and the lame-duck window
31:17 Outro

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Bloomberg Technology

Odd Lots: The AI Trade Shrugs Off a Blue Wave and a Tech Scandal

It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a…

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It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a tech rally as markets await the upcoming Anthropic IPO.

Bloomberg’s Michael Ball joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to unpack why the tech trade is showing resilience despite macro jitters.
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