Rivian's Latest Vehicles Support Apple Car Keys for Unlocking With Wallet App

[DaveOP]

... Rivian is once again priced for bankruptcy. Unfortunately, that's exactly where Rivian may be headed in the next year or two if management fails to raise additional capital for the EV maker.

Rivian: Kicking The Bankruptcy Can Down The Road (NASDAQ:RIVN)

In the absence of fresh capital infusion, Rivian could easily end up in bankruptcy. Read more to see an overview and analysis of RIVN stock.

seekingalpha.com

He is just speculating that nobody would let them borrow if things get dire. Could be, but they have some large stakeholders.

"In order to reach positive free cash flow generation, Rivian needs R2 to emulate Tesla's Model 3/Y, but to even get to that test, Rivian will very likely require another cash injection or two over the next 12-24 months. Since we are no longer operating in a zero-interest rate world, I am not at all confident about a money-burning furnace such as Rivian being able to get additional funding in its current form."

 

[diamond.g]

He is just speculating that nobody would let them borrow if things get dire. Could be, but they have some large stakeholders.

"In order to reach positive free cash flow generation, Rivian needs R2 to emulate Tesla's Model 3/Y, but to even get to that test, Rivian will very likely require another cash injection or two over the next 12-24 months. Since we are no longer operating in a zero-interest rate world, I am not at all confident about a money-burning furnace such as Rivian being able to get additional funding in its current form."

Looks like VW is partnering with Rivian for software (wonder if that means Rivian will get CarPlay working). It also looks like this is a path for VW to buy Rivian if they falter financially. It is a shame Apple didn't do this first.