HyperChange | Rivian stock soaring! $5B partnership with VW! 📈 @HyperChangeTV | Uploaded June 2024 | Updated October 2024, 53 minutes ago.
RJ Scaringe has just posted announcing a partnership between Rivian and Volkswagen!! VW will be investing $1B upfront, and potentially $4B more, as well as adopting some of Rivian's software. Rivian stock is soaring on this news (up more than 30% after hours). While it is great they got more cash, I'm skeptical if this changes much. The real questions are can Rivian deliver a $45K R2 Vehicle profitably? And how can they compete with Tesla's FSD on Autonomy?? Let me know what you think in the comments below.

Rivian financial data on Main Street Data: mainstreetdata.com/RIVN

0:00 Rivian Volkswagen Partnership
1:11 Rivian needs cash for R2
1:53 Analysis, I’m Impressed
2:06 Gross Margins Suck
4:20 Rivian Software in Volkswagen Vehicles?
4:32 Retro VW Van with Rivian Would be epic
5:31 Rivian vs Tesla Cybercab & Uber
6:00 How can Rivian compete with Tesla’s FSD?
6:33 Lightship Electric RV + Rivian VW Van Moonshot

My X: twitter.com/gfilche
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Disclaimer: I am long TSLA stock. I have no position in VW, Rivian or Uber. This show is not financial advice.