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Interesting Car/Truck Manufacturer News
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<blockquote data-quote="Weather Man" data-source="post: 16668414" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3739717-rivian-wins-the-electric-pickup-truck-race-as-first-vehicle-rolls-off-illinois-assembly-line" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3739717-rivian-wins-the-electric-pickup-truck-race-as-first-vehicle-rolls-off-illinois-assembly-line" target="_blank">Rivian wins the electric pickup truck race as first vehicle rolls off Illinois assembly line</a></p><ul> <li data-xf-list-type="ul">Rivian (<a href="https://seekingalpha.com/symbol/RIVN" target="_blank">RIVN</a>) <a href="https://www.wglt.org/local-news/2021-09-14/production-begins-rivian-electric-truck-first-to-market" target="_blank">becomes</a> the first auto maker to produce an electric pickup truck, beating out Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>), Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>), and General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) after <a href="https://seekingalpha.com/news/3716069-rivian-delays-electric-pickup-deliveries-until-september" target="_blank">multiple delays</a>.</li> <li data-xf-list-type="ul">The cofounder and CEO of Rivian, RJ Scaringe, <a href="https://twitter.com/RJScaringe?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank">tweeted</a> out a picture Tuesday afternoon of the company's first costumer vehicle driving off the assembly line at Rivian's Illinois plant.</li> <li data-xf-list-type="ul">The electric pickup scene is expected to get competitive. GM is expected to release its Hummer EV pickup this fall, followed by fellow startup Lordstown Motors (NASDAQ:<a href="https://seekingalpha.com/symbol/RIDE" target="_blank">RIDE</a>), and then Ford. Tesla has <a href="https://seekingalpha.com/news/3737111-tesla-delays-cybertruck-timeline-to-late-2022" target="_blank">delayed its cybertruck deliveries</a> to late 2022.</li> <li data-xf-list-type="ul">The truck is marketed towards affluent consumers, with a price tag of roughly $73,000. An SUV model and Amazon delivery vans are also in the works.</li> <li data-xf-list-type="ul">Rivian is seeking an IPO at a reported valuation of $80B, <a href="https://seekingalpha.com/news/3734905-rivian-reported-to-have-filed-for-ipo-at-shocking-valuation-level" target="_blank">higher than the market caps of both Ford and GM.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16668414, member: 137766"] [URL='https://seekingalpha.com/news/3739717-rivian-wins-the-electric-pickup-truck-race-as-first-vehicle-rolls-off-illinois-assembly-line'] Rivian wins the electric pickup truck race as first vehicle rolls off Illinois assembly line[/URL] [LIST] [*]Rivian ([URL='https://seekingalpha.com/symbol/RIVN']RIVN[/URL]) [URL='https://www.wglt.org/local-news/2021-09-14/production-begins-rivian-electric-truck-first-to-market']becomes[/URL] the first auto maker to produce an electric pickup truck, beating out Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]), Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]), and General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) after [URL='https://seekingalpha.com/news/3716069-rivian-delays-electric-pickup-deliveries-until-september']multiple delays[/URL]. [*]The cofounder and CEO of Rivian, RJ Scaringe, [URL='https://twitter.com/RJScaringe?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor']tweeted[/URL] out a picture Tuesday afternoon of the company's first costumer vehicle driving off the assembly line at Rivian's Illinois plant. [*]The electric pickup scene is expected to get competitive. GM is expected to release its Hummer EV pickup this fall, followed by fellow startup Lordstown Motors (NASDAQ:[URL='https://seekingalpha.com/symbol/RIDE']RIDE[/URL]), and then Ford. Tesla has [URL='https://seekingalpha.com/news/3737111-tesla-delays-cybertruck-timeline-to-late-2022']delayed its cybertruck deliveries[/URL] to late 2022. [*]The truck is marketed towards affluent consumers, with a price tag of roughly $73,000. An SUV model and Amazon delivery vans are also in the works. [*]Rivian is seeking an IPO at a reported valuation of $80B, [URL='https://seekingalpha.com/news/3734905-rivian-reported-to-have-filed-for-ipo-at-shocking-valuation-level']higher than the market caps of both Ford and GM.[/URL] [/LIST] [/QUOTE]
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