Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected to be invested following the establishment of a joint venture. Rivian is up about 50% afterhours. The Rivian and Volkswagen Group joint venture will create vehicle software. Volkswagen …
Tesla will start its inevitable reign as the top selling electric truck in the world starting this week. Joe Tegtmeyer, Gigatexas watcher, reports that Tesla is now making 900-1000 per week. The figure of 1000 per week (aka 4100 per month) is enough to outsell both the Ford F-150 Lightning and the Rivian R1T. The …
Joe Tegtmeyer performs drone flyovers of the Tesla Gigatexas factory and he reports that Tesla Cybertruck production is nearing 900-1000 per week. This is after launching deliveries five months ago in November, 2023. Tesla will likely outproduce and outsell both the Ford F150 Lightning and the combined Rivian SUV and Rivian Truck starting in April …
Rivian CEO and Founder RJ Scaringe debuts the next generation of Rivian’s vehicles: R2, R3 and R3X. Rivian is targeting delivery of the R2 in mid-2026. Rivian Automotive unveiled three new vehicles and announced over $2 billion in lower expenses by delaying construction on a plant in Georgia. The R2 is expected to start at …