Reuters Reported Late Tuesday: Rivian CEO Said Its Fast-Charging Network To Turn Cash-flow Positive Fairly Quickly After Deal To Offer Tesla Standard
Portfolio Pulse from Charles Gross
Rivian CEO announced that its fast-charging network will turn cash-flow positive fairly quickly after adopting Tesla's charging standard. The deal is expected to benefit both Rivian and Tesla.
June 21, 2023 | 8:58 am
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Rivian's fast-charging network is expected to turn cash-flow positive quickly after adopting Tesla's charging standard, benefiting the company.
The deal with Tesla will allow Rivian to leverage Tesla's charging infrastructure, reducing costs and increasing the attractiveness of Rivian's vehicles. This is expected to boost Rivian's revenues and improve its cash flow position.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla is expected to benefit from the deal with Rivian, as it will increase the usage of its charging standard and potentially generate additional revenue.
The deal with Rivian will increase the usage of Tesla's charging standard, further solidifying its position in the EV market. Additionally, Tesla may generate additional revenue from Rivian's usage of its charging infrastructure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60