Latest / Elon Musk Podcast / Rivian vs. Tesla: The Electrifying Battle for EV Supremacy

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Rivian vs. Tesla: The Electrifying Battle for EV Supremacy · Elon Musk Podcast

• 0:05
  Hi everybody and welcome back to the Elon Musk podcast.
• 0:08
  I'm your host will Walden. And on today's episode, we'll be
• 0:12
  talking some about rivi and the competitor to Elon musk's Tesla
• 0:18
  auto rhydian Innovative automaker in the room rate is
• 0:23
  Making Waves in the EV industry as it accelerates its
• 0:27
  successful. First quarter of 2012, T3 and
• 0:30
  after a stellar production ramp the company.
• 0:33
  Now, faces an array of challenges from its second
• 0:36
  generation, are to vehicle to profitability.
• 0:40
  And the ongoing are one truck ramp rivi and CFO Claire Rua.
• 0:45
  McDonough recently, shared exciting updates at the Bank of
• 0:49
  America, security Summit covering these topics and more,
• 0:53
  and notice how these coincide with things that Tesla is doing.
• 0:57
  Now, the news first broke on Twitter Curtis, Vivian updates
• 1:01
  and a comprehensive thread summarizing.
• 1:03
  The numerous announcements. The main highlights included
• 1:06
  updates on our one production, the van production ramp R2 and a
• 1:11
  few other noteworthy developments, now R1 production,
• 1:15
  it's the fast track to profitability.
• 1:19
  What are the most significant announcements for the summit
• 1:21
  concerned Vivian's Flagship truck?
• 1:24
  The R-1 lineup company is on track to achieve profitability
• 1:28
  by the second half of of 2024 driven primarily by R1 and Van
• 1:33
  deliveries through the total number of backlog orders.
• 1:38
  It wasn't really disclose McDonough revealed that all pre
• 1:41
  March price, increase orders are expected to be completed by mid
• 1:45
  20, 23 with a backlog, extending well into 2024 for orders.
• 1:51
  Placed after the price increase, at an interesting trend has
• 1:55
  emerged, among Ravines new customers Rising average price.
• 2:00
  For its trucks. This suggests that more premium
• 2:03
  buyers are gravitating towards the automaker and are willing to
• 2:06
  splurge additional add-ons. Despite this revision has no
• 2:10
  plans to increase the base price of it's our one Vehicles.
• 2:14
  Now, looking ahead, they revealed that the company aims
• 2:17
  to produce eighty five thousand Vehicles by 2026.
• 2:21
  A figure that has been kept Under Wraps until now the art to
• 2:27
  its kind of their new thing and as the rivi and our one vehicle
• 2:32
  continues to gain traction, anticipation for the company's
• 2:35
  next generation are two trucks is been steadily building
• 2:39
  throughout the industry, rivi, and CEO RJ square inch has
• 2:44
  hinted at a more affordable model, but other details have
• 2:47
  been scarce investors were intrigued by mcdonough's bold
• 2:51
  estimate of our to production slated, to begin between Auntie
• 2:55
  25 in 2026 and rivi and aims to produce 200,000 are two trucks
• 3:01
  in 2026 with the goal to double that figure in the future and
• 3:05
  there's no time frame for this target at this point.
• 3:09
  Now rivi and remains tight-lipped about the new
• 3:12
  trucks Market position and McDonough mentioned that it aims
• 3:15
  to compete with luxury volume sellers like the Tesla Model.
• 3:19
  Why this has led to speculation that the truck could start at
• 3:23
  around forty thousand dollars, u.s.
• 3:25
  Additionally, the R2 is expected to be a global vehicle available
• 3:30
  in multiple markets. Currently constrained by Supply
• 3:34
  Raven is predominantly in North American brand but Europe is
• 3:38
  likely to be their next Target. Now they're going to be doing
• 3:43
  some new things to. There is an electric delivery
• 3:47
  van Full Speed Ahead for this van, despite Amazon's recent
• 3:51
  announcement to reduce its van purchases.
• 3:54
  He this Year rivi and remains committed to the production ramp
• 3:58
  of its electric delivery van the E DV which has been making a
• 4:02
  splash All Over America and the company's CFO highlighted that
• 4:06
  the edv takes Enduro motor priority over the dual motor R1
• 4:11
  Vehicles. Then also receive two
• 4:14
  significant production of grades and quarter.
• 4:16
  One the integration of a new motor and Ravines new lfp
• 4:21
  battery pack. Now there's infrastructure
• 4:24
  involved with Vivian as well. Now it's called The Adventure
• 4:28
  Network. In addition to updates in these
• 4:31
  new vehicles Arabian also revealed plans for its Adventure
• 4:35
  Network, charging infrastructure, the automaker
• 4:39
  will join the federal charging Fund in the United States to
• 4:42
  accelerate development. Making it eligible for federal
• 4:45
  incentives to expand its charging Network.
• 4:48
  However, this move will require revision to open its Network to
• 4:51
  other V's. Despite this, the potential
• 4:54
  benefits are hard to ignore with the federal government willing
• 4:57
  to cover up to 80% of installation.
• 5:01
  Costs. Many of you Ravines decision is
• 5:03
  a wise one and ribbon has a bright future.
• 5:07
  They still have to compete with Tesla and that's going to be
• 5:09
  hard. But these new announcements
• 5:12
  indicate that Ravine is on the right track for continued growth
• 5:16
  and success in the EV Market as the company pushes forward with
• 5:20
  our one production. They Set ambitious goals for the
• 5:24
  are two in the expand. The charging infrastructure.
• 5:27
  It's clear that Ravine is not only meeting challenges head-on
• 5:31
  but also setting the pace for innovation in the industry fans
• 5:35
  and investors alike, can't help but be enthralled with what's
• 5:39
  going on over a trivia on the progress of the company, they're
• 5:43
  eagerly awaiting for the developments as rivi and
• 5:46
  continues to make a mark on the EV landscape and with a bright
• 5:50
  future on the horizon, Ravine is Is to become a formidable
• 5:53
  contender in the global market against Tesla and they'll create
• 5:58
  ripples of change that will be felt across the automotive
• 6:01
  World, a recent events and announcements from avian at the
• 6:05
  Bank of America. Security Summit have generated
• 6:08
  considerable excitement, and interest from both investors and
• 6:12
  fans of Rivia, I want to know how you feel about this.
• 6:15
  If you have a way to comment on your platform, please take a
• 6:18
  second and leave a comment about what do you think about
• 6:21
  revision? and from the updates on the R-1
• 6:24
  production and profitability to the unveiling of ambitious
• 6:27
  production goals for the new, AR 2 model and even the expansion
• 6:31
  of its charging infrastructure Vivian's demonstrating, its
• 6:34
  commitment to Innovation and growth in the EV industry and as
• 6:38
  a company gears up to tackle, the challenges lie ahead in the
• 6:41
  next few years, the world watches and we hope that they
• 6:46
  can become a Challenger for Tesla because with more
• 6:49
  competition It breeds better Innovation for both companies
• 6:54
  and all EV makers around the world.
• 6:58
  I want to say thank you so much for listening today.
• 7:00
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• 7:05
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• 7:09
  Musk inspired merch over there. Take a look at the shirts.
• 7:13
  Take a look at the ceramic mugs, all sorts of fun stuff over
• 7:17
  there. So thank you so much for
• 7:19
  listening today. And if you could take a second,
• 7:21
  Hit the Subscribe button or the follow button, whatever platform
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  you're on. I'd greatly appreciate it.
• 7:26
  Thanks again. I'll see you next time.
• 7:28
  Take care of yourselves at each other.