Rivian landed a $5 billion investment after its CEO learned to ignore Elon Musk and learn from Jeff Bezos [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
As a 26-year-old, Scaringe put it all on the line to launch an electric vehicle company, but he also took money that his dad had offered him after refinancing his home . The company had a strong thesis for the EV of the future, but Scaringe couldn't have made it a unicorn without the billions of dollars contributed by investors that believed in him. On Tuesday, Scaringe secured some of his most critical help yet in the form of a $5 billion lifeline from Volkswagen that will likely ensure Rivian's position for the foreseeable future. In reaching the deal, the Rivian CEO once again leaned on others, to his and the company's benefit. He acted on the sage advice of one of his closest advisers and discarded scathing criticism by his biggest detractor, both of which happen to be some of the most powerful people in the world, according to an interview Scaringe gave to GQ last fall. One of the keys to Rivian's success was Scaringe's decision to trust Amazon CEO Jeff Bezos and ignore Tesl
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RIVN
News
- Oliver Blume, VW and Porsche boss steering an EV strategy shift [FT.com - Mergermarket]FT.com - Mergermarket
- Oliver Blume, VW and Porsche boss steering an EV strategy shift [Financial Times (FT.com) (UK)]Financial Times
- Rivian Automotive, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before July 30, 2024 to Discuss Your Rights – RIVNAccesswire
- Shareholders that lost money on Rivian Automotive, Inc. (RIVN) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreAccesswire
- Rivian Announces Plans to Launch Five More Models After $5 Billion Volkswagen Investment [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 6/27/24 - Form 4
- 6/27/24 - Form 8-K
- 6/25/24 - Form 8-K
- RIVN's page on the SEC website