Rivian, Electric vehicle, Initial public offering, Tesla, Inc. 1T and R1S, Rivian is no Tesla, Rivian vs Tesla, Rivian is Rivian

We keep you informed about what is happening in the ev industry, particularly with rivian. Please like, and share our videos to support our work. If you are new here, please consider subscribing to our channel and turn on the notification bell to get notified. Every time we upload new content. Rivian is no tesla thats exactly what these buyers want. Today, tesla dominates the world of electric vehicles, selling about two of every three evs sold in the us, its worth more than twice as much as any other automaker teslas are a status symbol and its ceo, elon musk is a celebrity with 59 million more twitter followers Than the next most popular automotive, ceo, but theres, a portion of the market that wants an electric car and is specifically turned off by teslas lineup, its ceo and, in some cases both that could prove to be a boon for one of its rivals. Cnn business interviewed 12 drivers who have pre orders with rivian the us automaker focused on electric trucks and suvs thats expected to go public later this year. They say a key part of riviens appeal is how different it is from tesla. The vehicles are a better fit for an outdoorsy lifestyle and they look more conventional with squared off styling and a rugged appearance. They say many rivian enthusiasts said they soured on musk, especially his tweets and found themselves identifying more with rivians low profile, ceo r.j scarange. Some said, riviens environmental focus seemed more sincere and its mission more focused on people than tesla and musk.

I really dont like jerk ceos. It puts me off from the product said: carter gibson, who off roads and snowboards in california, and has ordered a rivien to replace his toyota 4runner some electric vehicle enthusiasts say their views of musk have changed over the years. They point to the time when musk called a rescue worker in thailand, a pedo guy, as well as his comments about teslas stock price that have drawn securities and exchange commission scrutiny and a reprimand. Musk has mocked the sec too. Sometimes musk can come across as a bond villain or something rj does not give me. Those vibes said stephen henkin of montgomery alabama, who drives a prius today and has ordered a rivien r1s scarange, who has a phd in mechanical engineering from mit founded rivien in 2009 and in the following 12 years. The company has diligently set about turning itself into a real full, fledged automaker. Before ever selling a single car, the company purchased a former mitsubishi manufacturing plant in bloomington normal illinois in 2017. Rivien has raised 10.5 billion dollars since 2019, including from tech and automotive, titans, amazon and ford respectively, and has a deal with amazon for 100 000 delivery trucks. But rivians success is not guaranteed its too young to have built brand loyalty or a nationwide network to service its vehicles. It will have to prove too that it can mass produce vehicles at a profit. A challenge tesla has already survived, though not without hiccups.

Tesla did not respond to a request for comment and generally does not engage with the professional news media matt thompson. A denver real estate agent says he spends up to hundred dollars a month on gas for his gmc sierra taking clients to view homes or towing his horses. He said: hes grown tired of needing an oil change every other month. Thompson says: hes not generally a risk taker or an early adopter, but hes placed a pre order for rivians pickup truck the r1t and his wife has a pre order for the companys suv. The r1s thompson said: hes waited eight years for someone to make a truck like riviens. He felt teslas vehicles werent a good fit tesla model x can tow only 5000 pounds and thompson isnt interested in the distinct boxy, stylings and sharp lines of teslas cyber truck, which has been both praised in the butt of jokes. When we pull into a horse, show now youve got ford f, 150s youve got gmc, sierras, chevy, silverados and thats. It thompson said you just kind of want to blend in andy cruz, who lives in the san francisco bay area, said hes, always loved his dads pickup, but felt guilty about it. Getting just 12 miles per gallon. He hikes or runs every day on trails and has been waiting for an electric pickup. He said cruz said he loves tesla and has owned a model air since 2013., but doesnt want a cyber truck.

Its built out of freaking steel cruz said, but it looks ugly, its probably actually a very practical vehicle if theres an apocalypse, he added rivien, on the other hand, sells itself as an earthy adventure. Focused company scarrange has said that the companys mission is to inspire people to do more of the things they love while minimizing our impact on the planet. Rivians paint colors have names like glacier, white forest, green and compass. Yellow the company offers an option to purchase a tent that mounts atop its vehicles and it sells specific mounts for bikes, snowboards skis, kayaks and surfboards. Traditional automakers like ford, gm and subaru offer similar attachments. Tesla does not rivian has thought more than tesla about who is going to be driving it. What theyre going to be feeling when theyre driving it and what theyre going to be doing said ryan, michael mccarthy, who describes himself as not a pickup truck guy? He wants riviens truck because it seems so functional. It has a five thousand dollars option for a small kitchen that pulls out of the side of the vehicle, complete with a stove sink and utensils. Mccarthy, who lives outside chicago said that watching rivians videos like employees, testing the vehicles in minus 40 degrees attracted him. They feel, like a family mccarthy said you feel like you want to be a part of them and their culture. New jersey, resident matt bowen, who describes himself as a jaded millennial, said its rare to see a company that he feels cares as much about its customers as the product itself.

He was impressed with the gifts. Rivien had sent some future customers, including a welcome package for a puppy and its environmental and community partnerships. Its an all around mission – and i, like that said, bowen a father who lives on a farm and has pre ordered a rivien suv were glad theres. An alternative to the model x that suits more of our needs, and, i think, will fit in better with our lifestyle and our philosophy. Cruz said that he felt rivien was trying especially hard to fight global warming. He pointed to rivians pledge that its exclusive charging network for its vehicles will be powered by 100. Renewable energy tesla has said several times since 2012 that its supercharger network will be powered only by renewables. A tesla employee reportedly said this past april that the network would become all renewables by years end. The employees statement on linkedin is no longer available. Renewable energy is one of several cases where rivien pre holders felt that tesla had over promised and under delivered another example. They cited was teslas autopilot and full self driving technology, which has been delayed repeatedly, of course, theres a risk that riven itself will over promise and under deliver. It has delayed delivery of its vehicles before and the road to full rate production may inevitably come with its own challenges. Thanks for watching david kirsch, a professor at the university of marylands business school said, rivians team product and investors all look promising, but there are no guarantees.

It will meet expectations. Rivien is the first to market with a modern electric pickup, but it remains to be seen exactly how much demand there are for electric pickups. Rivien will also have to prove that it can mass produce vehicles at a profit. There are always uncertainties for new automakers when moving from batch production to mass production costs could increase, which could cut into rivians profits or totally wipe them out. Rivian is being priced as if its already crossed the production, hell chasm said of reports. Rivien is being valued as much as ford or gm. It might take a lot more time or money, or they might run out of time and money provided rivien can manufacture at scale. It will also have to show that it can adequately support and service its trucks. After sale, something tesla has struggled with at times you see concept images of a car, you get excited, you see a facility to build it, you get excited, you see, production versions and get more excited said carl brower executive analyst at icars.

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