Interview with Mary Barra

[Lee Stewart]

Originally Posted by jdv69z

Just curious. What's a replacement battery cost?

https://www.inverse.com/innovation/t...placement-cost

[70 copo]

Originally Posted by jdv69z

Just curious. What's a replacement battery cost?

"In April 2019, Musk claimed replacing the battery modules — not the complete pack — of a Tesla Model 3 will cost between $5,000 and $7,000.

FindMyElectric found in April 2021 that Tesla battery replacements, including labor, tend to cost a bit more:

Between $13,000 to $20,000 for a Model S premium sedan
At least $14,000 for a Model X premium SUV
At least $13,000 for the Model 3 entry-level sedan
A similar price for the Model Y compact SUV, but as the car only launched in 2020 it’s too new to say for sure"

[JoeC]

Electric-truck maker Rivian

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.

That made Rivian the second most valuable U.S. automaker after Tesla Inc (TSLA.O), which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co (GM.N) at $86.05 billion, Ford Motor Co (F.N) at $77.37 billion, and Lucid Group (LCID.O) at $65.96 billion.

[70 copo]

Originally Posted by JoeC

Electric-truck maker Rivian

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.

That made Rivian the second most valuable U.S. automaker after Tesla Inc (TSLA.O), which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co (GM.N) at $86.05 billion, Ford Motor Co (F.N) at $77.37 billion, and Lucid Group (LCID.O) at $65.96 billion.

"Despite just having started selling vehicles and having little revenue to report"

Reminds me of the current stock market valuation and Crypto. Everything is a bubble right now.

Backed by Bezos however....

[Lee Stewart]

Six Major Automakers Agree to End Gas Car Sales Globally by 2040

Ford, GM, Mercedes-Benz, and others, along with 30 nations, signed a pledge to eliminate sales of new gas and diesel-powered cars by 2035 in “leading markets.”

https://www.caranddriver.com/news/a3...kets.%E2%80%9D

[Charley Lillard]

Originally Posted by JoeC

Electric-truck maker Rivian

Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world's biggest initial public offering this year.

That made Rivian the second most valuable U.S. automaker after Tesla Inc (TSLA.O), which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co (GM.N) at $86.05 billion, Ford Motor Co (F.N) at $77.37 billion, and Lucid Group (LCID.O) at $65.96 billion.

I ordered a Rivian truck months ago and test drove one Wednesday. Nice truck built in Illinois. Because I ordered one I was offered to buy up to 175 shares of their stock before it went public. Bought 175 shares for 13,650.00. As of today it's worth 21,523.00. I think a big reason for the confidence in the stock is the fact that Amazon is heavily invested in them plus they ordered 100,000 electric delivery vehicles from them.

[Charley Lillard]

…….

[Crush]

Originally Posted by Charley Lillard

I ordered a Rivian truck months ago and test drove one Wednesday. Nice truck built in Illinois. Because I ordered one I was offered to buy up to 175 shares of their stock before it went public. Bought 175 shares for 13,650.00. As of today it's worth 21,523.00. I think a big reason for the confidence in the stock is the fact that Amazon is heavily invested in them plus they ordered 100,000 electric delivery vehicles from them.

Ford is also an owner, although they may sell their position (8b) to fund their battery plant. They are a direct competitor.
Looks like a cool truck

[Tenney]

Originally Posted by Crush

Ford is also an owner, although they may sell their position (8b) to fund their battery plant. They are a direct competitor.
Looks like a cool truck

Or, if successful, acquire the brand ...?

[Lee Stewart]

Originally Posted by Tenney

Or, if successful, acquire the brand ...?

Rivian is too big for Ford to acquire. Now at $138B Market Cap (net worth). Ford has a Market Cap of $78B