Rivian CEO says he deliberately didn't follow the same strategy that Elon Musk set out at Tesla [Fortune]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Fortune
For Rivian to succeed, it needed its own distinct identity and investment story that differentiated it from Elon Musk's carmaker. “One of the things so important to me with Rivian is to make sure we weren't covering the same ground as Tesla,” he told the Grit podcast hosted by venture capital firm Kleiner Perkins this week. A diehard gearhead who, growing up, owned a Porsche 928 engine even before he had a driver's license, Scaringe was dead set on starting his own car company after college. The natural thing to do, in his mind, was to create enthusiasm for a new brand by launching an electric sports car that other gearheads would fall in love with and then use that success to move into the mass market. “That was of course how Tesla's strategy played out and it worked wonderfully well for them,” he said. “We were starting in a similar logic space, and I realized somebody's done that already, and done that well with Tesla. So the pivot to a completely different product and exp
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RIVN
News
- Rivian Automotive, Inc. (NASDAQ: RIVN) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $19.00 price target on the stock.MarketBeat
- A Tesla Cybertruck owner had to replace the tires after just 6,000 miles [Yahoo! Finance]Yahoo! Finance
- A Tesla Cybertruck owner had to replace the tires after just 6,000 miles [Fortune]Fortune
- Is Rivian a Millionaire Maker? [Yahoo! Finance]Yahoo! Finance
- Rivian Automotive (RIVN) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 8/6/24 - Miss
RIVN
Sec Filings
- 9/12/24 - Form 144
- 8/19/24 - Form 4
- 8/19/24 - Form 4
- RIVN's page on the SEC website