Amazon Lead $700 Million Investment into Electric Truck Company Rivian

How Does Rivian Compare to Tesla?

Tesla has raised $14.5 billion over the years and has been spending about $2.4 to $3.5 billion each year on construction of factories and other capital expenditures.

During Tesla’s Q4 2018 investor conference call a couple of weeks ago, Elon Musk said that Tesla’s pickup truck may be ready to be revealed this summer. The Rivian funding announcement will likely accelerate Tesla’s pickup truck and Model Y plans. The Model Y will be a small electric SUV that will share 75% of its parts with the Model 3.

Elon Musk has said the tooling for the new Model Y has been ordered and that production of the model Y will start in 2020.

Tesla plans to have a pilot Model Y line built at Gigafactory 1 by June 1, 2020 and ramp up production to about 2,000 units per week by September 2020.

The Model Y should have the option for a third row of seats.

There will be a high passenger capacity mini-bus based on the frame of the Model X late in 2020 or in 2021.

Thompson Reuters has Tesla financial data and projections.

6 thoughts on “Amazon Lead $700 Million Investment into Electric Truck Company Rivian”

  1. Not yet… that’s what the 10 billion Chinese quantum investment fund is for… to send an army of chinese grad students to the US so that Americans are blocked from working in Quatum R&D jobs by flooding them out and deluding their numbers to the point they can’t find find them in a sea of chinese grad students when all they needed were 20 smart Americans to do the initial R&D and then they can ship it back home to China. Did openhiemer need an army of chinese grad students to build an atomic bomb? Scientific advances are always an elite of smart people…the second wave are all the dumb engineers that work on the stuff after the scientific elites have figured everything out for them…and made path to create the new game changer… we are not even in the stage of needing engineering types to work on quantum computer…

  2. just going insane from listening to NPR… they make you listen to that crap about what Chinese government official says about US trade when all you wanted to hear was classical music…

  3. US trade blocking huawei not unfair… it’s stupid to allow the Chinese government to dump telecom equipment into the US market when US equipment is better and almost the same price… all that does is let’s evil anti-USA commie bastards attack US tech industry… we shouldn’t even let them sell any of that stuff in any western english speaking country… we are just destroying jobs for college educated and making country poor in industry we want to keep and want to exclude from evil commie plots to steal by undercutting and dumping …

    chinese are the ones who want to cheat by not respecting other country’s rights to protect their markets… pretending it’s unfair… it’s not… it’s unfair to other countries to alway put up with Chinese dumping of products… the only way they win is always cheating on price not on quality… Chinese products = sh1t that’s so cheap they destroy companies with better products… enough we don’t have to buy Chinese sh1t any more if we don’t want to

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