$RIVN’s $6.6B Question Could Decide Its Fate
$Rivian Automotive, Inc.(RIVN)$
Two really bad news items recently related to Rivian.
1. The Trump Administration cancelling DOE loans. Rivian was approved for $6.6B to build Georgia just before Biden left office, but still doesn't have the $$$. Will it ever get it?
2. Rivian's autonomy product was well received, but $General Motors(GM)$ just announced a similar sensor and technology product launching in 2028. GM will have scale in autonomy before Rivian does, so Rivian's in-house development will once again be up against a competitor with more scale over which to spread development costs.
If #1 gets cancelled, Rivian is doomed. Even if it doesn't, #2 probably means Rivian won't have much upside in autonomy because it'll be a commodity by the time the company gets there.
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