The Guardian
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2021-11-27
Will Rivian’s electric vehicles end Detroit’s reign over the US auto industry?
Investors have salivated over the Illinois automaker – but juggernauts like Ford and GM still have plenty of advantages
Investors have salivated over the Illinois automaker – but juggernauts like Ford and GM still have plenty of advantages
The R1T can haul five tons, conquer brutal off-road trails and sprint to 60 miles an hour in a blink. And about that Camp Kitchen tucked inside …
While Rivian's valuation is extremely high, DataTreck co-founder Nick Colas does not see it as a bubble. Watch the video to find out what Colas thinks about Apple's car announcement, Rivian's volatility and how investors should consider the way legacy automakers will compete in the new EV marketplace.
Ford retains a 12% stake in Rivian, which at the company's IPO last week reached a value of more than $10 billion.