moosehead
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- ‘22 Ioniq 5, ‘78 Jeep Wagoneer
I understand the point and should have been more specific.You know some of Rivian's earliest investors were Saudi as well, right? Abdul Latif Jameel owns nearly 115m shares.
Jameel is a second generation Saudi family business with major automotive interests internationally. They had/have some 115m shares of Rivian’s 957M shares outstanding.
The Kingdom of SA via their Public Investment Fund owns some 60% of Lucid. PIF is administered by MBS.
If Rivian had that kind of stake by that kind of investor, I would likely pass on their vehicles too even with Rivian’s vastly superior service network.
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