Rivian Gets a $5B Boost From Volkswagen
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- Опубліковано 29 чер 2024
- Episode 352: Neal and Toby recap the credit card swipe battle between credit card networks, merchants, and customers. The $30B meant to take a step forward in resolving high swipe fees was blocked by a judge. Then, Volkswagen invests $5 billion into Rivian, giving it new life that may pave the way for the top of the EV market. Next, the tragic lithium battery fire in South Korea highlights another problem with the batteries that are found in almost all of our daily devices. Also, Denmark will charge farmers for every cow, making it the first carbon tax in the world. Meanwhile, money-market funds reach all-time highs…and that might not be a good thing. Lastly, it’s been 50 years since the very first product was scanned by barcode. How did a simple design transform the economy?
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00:00 - Toys R Us AI commercial
2:50 - Swipe fee battle continues
7:10 - Rivian gets new life
11:45 - Lithium battery hazards
15:15 - World’s first carbon tax
19:00 - Avoid the cash trap
22:15 - 50th anni of the first barcode scan
#ai #rivian #electric #stocks #cash #creditcard #visa #battery #businessnews #carbon #climatechange #tax #international #money #stocks #barcode #history #tesla
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Morning Brew Daily, a daily talk show that covers the latest news on business, the economy, and everything else, with Neal Freyman and Toby Howell. Witty, informative and everything you need to start your day. Available on all podcasting platforms and UA-cam.
And the bar code was inspired by Morse Code -- thick and thin lines from dashes and dots.
Holding 300 shares of rivian
Why not mentions Ford’s Recall of 550,000 + pickups because of faulty transmission, which was announced yesterday?
Are those trucks new no they are not they are 2014 model year trucks. Grand total from that 396 warranty reports, and 124 customer complaints. That is from the number one selling vehicle in America that is 10 years old.
We get it you own Tesla stock. Elon Musk Fanboys can't take any criticism. Also is it their job anytime they criticize the Cyber truck or any Tesla product. That they have to talk about every other manufacturers recall no. Tesla wants to be in the news well this is what happens.
Aldi cashiers keyed the price of every item manually well into the 1990s. And they only took cash and debit cards well into the 2000s.
If you can’t beat them, join them
I dare you to report gasoline fires and ICE car fires. 268 battery fires in New York last year. How many gasoline vehicle fires?
I thought it was Bovine Burps more than Cow Farts. Cattle constantly burp as they regurgitate their food, chew it, and move it to the next stomach. Could you double check that, please?
No
Yes.
4 chamber stomachs carry the digestive work load that sends gas back out the mouth.
More corrections: Methane is not a carbon emission.
In 2019 Most of the worlds Methsne emmision is from artic melt. Cow and Livestock Methane emmision is flat growth since 2004.
So really the danger is now artic melt.
@@Jpm463 no
@@antiwesternvalues
Source?
@@Jpm463 your mom
Let's Ride!
Just not in a cybertruck
Everytime I listen to this podcast I'm frustrated by the bias and shallowness of the news sharing. Wish they took more responsibility of the platform they have!
Wow, biased narrative, much? Rivian was NOT struggling. They had $15B on hand with some huge future projections. They've cut over 35% expense out of their EDV platform, and just refreshed their R1 lines to start seeing profitability as soon as the end of this year.
Their projections and trends, especially when compared to Tesla around this time in their growth charter are AHEAD of the curve.
Setbacks? Sure. Georgia plant foremost. But 'struggling' is a word you use for Fisker... or Lucid.. crimeny.
Are they profitable no. Are they burning through a decent amount of cash yes. I read two Financial newsletters every single day they are absolutely by definition financially struggling. Also not sure where you are getting the 15 billion dollars cash on hand from. As I cannot find anything that high the highest one I can find that's recent is 7.5 billion. I also found one at 6 billion. Once again these are very recent.
@@autohelix clearly you've never read anything finalcially-related with startup companies in them... This is absolutely par for the course. There are almost zero startups that start with any level of near term profitability, ESPECIALLY in large markets such as automotive.
@@JoeOggier They are struggling financially end of story. Does that mean they are going out of business no. Do you own the stock? do you want to Pump It Up.
@@autohelix agree to disagree. By some arbitrary metrics, you believe 'struggle,' is what someone with billions in cash is doing as they're getting themselves established.
They're doing exactly what they need to do. There's no realistic scenario a (successful--and admittedly, we still need to see that play out for Rivian; I'm not saying they're out of the woods at all) startup doesn't go through this exact course.