Nice OP post and something to think about. I have always had fleeting thoughts about this company but never looked much further into it. The only thing that bothers me is if the OP was correct that most other EV truck makers are struggling, that is just because they are not as much in demand YET. Looking forward they maybe one day, but clearly (if correct) not yet. Though GM is only realising their trucks and SUVs last year and this year with scaled down plans due to lack of interest. Though their new SUV releases are doing well.
I just wish it was a few months back as the stock is up over 50% since May. Maybe because the VW news which means that is taken into an account already.
I always wondered if it would be in buyout territory from another automaker. I know NOTHING about the company and never looked further into it.
Seems like it would have been a nice fit for Tesla to buy out.
EDIT - I did not know about the joint venture with VW. Pretty strong statement if VW is willing to invest 5 billion.
I appreciate the OPs post. Might be time for a walk on the wild side. Not sure, we will see. When I believe in something I tend to go in big and this scares me *LOL*
"Rivian's Volkswagen Deal
Meanwhile, Rivian also announced in June
a joint venture with Volkswagen. The $5 billion plan involves the global auto giant investing in the EV startup in order to leverage some of its engineering and designs.
The partnership will focus on software along with electrical architecture design and development, according to Rivian executives. Currently, the joint venture does not include battery technology, propulsion platforms, high-voltage systems or autonomous driving.
However, German language-outlet
Handelsblatt reported in July that Volkswagen and Rivian are apparently looking at expanding its partnership to include hardware and joint production. VW's U.S. electric brand "Scout" could also be included in the partnership with Rivian, according to the report.
The two companies expect the deal will total $5 billion. This includes an initial $1 billion investment by Volkswagen and then plans for another $4 billion.
Scaringe said in the Q2 earnings release that the integration with Volkswagen is "moving along very well" and that Rivian expects to close the joint venture in the fourth quarter.
"The output from our joint venture will see Rivian's technology in vehicles all around the world, helping to create more consumer choice and speed up the transition away from fossil fuels," Scaringe said."
Source=
https://www.investors.com/news/rivian-stock-a-buy-or-a-sell/?src=A00220
My concern is GM is their competition soon but other than that, wow, VW venture carries weight. Anyway, good post, something for me to watch.
