There are reasons why Rivian may not build in GA but most involve $ not GA politics. In my reading it appears that most likely to win Rs and Ds support the plant because it means jobs. Jobs in general for Ds and US manufacturing jobs for Rs.
IMO, Lucid will be around as a separate entity as long as the Saudis are willing to bankroll them.
Not sure why the ramp/deliveries are taking so long for the Gravity….
I am sure Rivian C suite would like to abandon spaces and just sell everything through online/remote sales stationed at HQ. Just about every business that has retail space would like it if everyone would just shop online and they could do away with brick and mortar.
I shop for lots of things on...
I get that they have to save money as they are in cash burn 'valley of death'.
GA factory is either make or break. Not sure who will be in charge of that construction but better be someone with lots of experience. If we use a Tesla example. JB Strauble put in charge of Giga 1 in Nevada. This...
Are we sure he does not want to sell the company or at the very least get closer to VW and their funding?
Rivian survival is not ensured at this point.
His vision is admirable but besides the money crunch I am worried there is a talent crunch as well.
As an investor I see both sides of recent layoffs. On the one hand, cost savings, on the other poorer potential customer (sales) and established customer (service)
All the big 3 US EV auto producers do this from time to time but I am more troubled when I see post like these on ‘linked in’…high...