Volkswagen Plans to Make $5 Billion Investment Into Rivian
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Not exactly sure why no Chinese EV players come into the conversation like they don't exist.. lol.. BYD, NIO, Zeeker all light years ahead of Rivian & no mention.. Wonder why? 🤐 Gag order.. lol. US media typical..
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I own Vivian stocks and bought more when I saw the car in my neighbor garage. Good looking and good quality car. Vivian will be trading at $50 soon
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Rivian is just a bottomless pit at this point. This is similar to saudi arabia investing in lucid, and look how that went
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Bezos part owed rivian…
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I wish somebody had told me about this earlier today so I could've bought some call options on Rivian.
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This is nuts. Rivian is vastly overpriced – for a start. 🤦♂
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Rivian basically was making what the Scout brand was planning on doing anyhow… Perhaps this can speed up production of those planned designs since I am sure a lot of the underpinnings are/were designed to be similar…
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I knew someone would bail them out their amazing
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Bullish on both should have never sold Rivian
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3:18 wtf? What is questionable? How they brought their costs down? Disgusting sleezbag.
edit: typo -
this is exactly what so many Tesla focused youtubers constantly predicted, that the legacy auto brands would all soon try to combine with other EV start ups simply to avoid going out of business…. well here we go !?
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This guy clearly doesn't know, VW has been having development software issues, and Rivian has very smooth software almost as good as Tesla. VW has their spin-off truck EVs from Scout that will be announced soon. If this guy has ever been in a VW ID4 then he'll know how badly VW needs to upgrade their stuff, and of course, Rivian needs money to bring out their R2 to the masses and hopefully get R3 going as well.
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CBS
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Rivian is getting taken over by the old powers? …. What will happen next? They get infected by the old cultures?
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This is good for both companies. Rivian licensing its software to VW is definitely financially needed for Rivian to get through the next couple of years, which they need the time if they’re going to get their R2 to any acceptable scale. VW has a ton of cash to spare so 1b to start and 5b in total is Pennie’s for VW, and their software in their EV lineup has been their Achilles heel this past couple of years for their EV sector. This deal is going to put VW back on and probably give Rivian the lifeline needed to eventually start scaling.
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Wiring architecture and software only. No sharing of “parts bin” or anything.
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VW wants the software of Rivian.
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when a loser and a bum come together, the result is usually disaster
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Rivian designers are top notch
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It's all about software..
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Don’t. We do not want cars from putins only friend
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Rivian stock price 56$ soon
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VW are late to this.
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We got a huge hint that this was coming. Rivian’s R3 prototype looks just like a 83’ Volkswagen Rabbit!
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Pure desperation: Volkswagen – which has an overall debt of US$ 210.71 billion – doesn't have any chance against China, Tesla and South Korea. Now it throws money at XPENG and Rivian because it thinks that they will say it.
My prediction is that XPENG will buy the entire Volkswagen Group eventually.
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