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Rivian's New Competitor Is a Huge Problem

TheMotleyFool

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Rivian's New Competitor Is a Huge ProblemPhoto, wide shot, wide-angle lens, soft focus, Car rental company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-C39HK7mRtkD4E8dIGhNKdJKJ.png?st=2023-05-14T13%3A30%3A04Z&se=2023-05-14T15%3A30%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T20%3A57%3A44Z&ske=2023-05-14T20%3A57%3A44Z&sks=b&skv=2021-08-06&sig=c7kEiWtHt1KibrlL7jP9uEmEuV%2BuAnv1nRBACXoedSk%3D

Rivian's (NASDAQ: RIVN) partnership with took a strange turn today when Volkswagen's Scout brand introduced two new vehicles that look a lot like Rivians. This will increase competition in the EV truck and SUV segment and VW is doing it with the help of Rivian's technology. Travis Hoium breaks down why this is so bad for Rivian in the video below.

*Stock prices used were end-of-day prices of Oct. 24, 2024. The video was published on Oct. 24, 2024.

Source Fool.com