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…
Bloomberg Technology
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“Take a hike” just got a whole new meaning #TEDTalks
Anthropic Gets A Warning, SpaceX Shares Fall on Fourth Day | Bloomberg Tech 6/17/2026
Orbital Data Centers Face Real Challenges, Says Peridot
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@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.
@BUY_YT_Views_378
June 26, 2024 at 5:52 pm
You’re the reason I keep coming back to YouTube
@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.
!