Rivian has been in the news recently, and they are seen as a strong competitor to Tesla's Cybertruck, going after the SUV and light truck markets. I'll cover their overall goals, then go into their investments, the outcomes they're trying to achieve, some of the campaigns they're running, and the projects they're working on.

Rivian's philanthropic mission is dedicated to addressing the planet's climate crisis and preserving the critical biodiversity needed for our planet's long-term survival. They achieve this in part through successfully introducing new market products and services, such as vehicle services, insurance, charging solutions, memberships, and other software solutions that meet the fleet management needs of commercial customers. They want to continue investing in their facilities, service network, retail operations, and technology for future operations. Currently, they're also talking about making or entering into strategic alliances, including joint ventures, minority equity investments, or other transactions with various third parties to help them accelerate their business growth. They speak in large about their ability to convert their customers into subscribers of critical services, which are a vital part of their growth strategy, driven initially by attach rate retention and the subsequent adoption of future service offerings.

In the near term, they are looking at targeting, as mentioned, the pickup truck, SUV, and commercial market segments in the United States of America, Canada, and currently, Western Europe. They plan on achieving long-term growth by expanding in existing markets, constructing abroad for your vehicles and digital services with global appeal, entering major global automated markets, strategically investing in the ecosystem, and expanding into adjacent verticals. They often speak about their ability to scale their ecosystem and brand experience. They mention that their go-to-market strategy requires them to scale their ecosystem quickly and effectively, including the technology platform, product development, and operational infrastructure. They have acquired significant capital to develop and grow their business, including setting their first vehicle to be manufactured at volume, the R1T, R1S, and EV, and overall building their brand. The Rivian Cloud's software infrastructure effectively includes interconnected applications designed to deliver seamless end-to-end digital commerce solutions and experiences across web, mobile, and other additional app interfaces. The Rivian Cloud enables fleet OS, diagnostics, OTA software, and remote vehicle controls, including vehicle access, as part of their overall commitment to building a better sustainable future. They have created "Forever," which was set up to expand their impact beyond transportation and energy of products and services, which they associate with the competition.

Overall, they have three goals or outcomes they're trying to achieve: achieving growth, improving the results of operations, and then generating profits. However, through the investments currently raised, they are in a significant amount of debt and are not generating any profits and probably will not for the next two to three years based on the growth and the ramp they're trying to achieve. They talk a great deal about their ability to expand their operations significantly, which will also require hiring, retaining, and training new personnel, controlling expenses efficiently and effectively, developing operational capabilities, and establishing more facilities and experience centers. They also talk about deploying their R&D, CFCs, and Rivian waypoints, which are networks of charging stations in the United States designed to provide charging capabilities to owners of vehicles. They talk significantly about the ability to grow into new geographies and how they plan to invest in their international operations and grow their business outside of existing operations in the United States, Canada, the UK, and the EU.

In addition to land conservation and sustainable consumption initiatives, Forever will include research and educational stewardship to help communities understand, appreciate, and learn how to preserve our planet's natural resources for future generations. Their charging networks are heavily expanding throughout the US and other countries. They will continue to do so as demand for their current vehicles and products expands. Lastly, we'll quickly talk about their projects. We mentioned their ability to efficiently and effectively operate through manufacturing processes. They're saying they must stand up complex and integrate IT systems, which they plan to expand over the next few years strategically.

Rivian initially focused on deploying their charging stations in regions with the highest concentration of customers, pre-orders, major interstates, and targeted destination areas. They're also implementing decarbonization strategies aligning with their climate pledge through real business change and innovations. Lastly, they continue to address climate change further and preserve the critical biodiversity needed for the planet. Over the last month, we've seen Tesla cut prices on all its vehicle lineups, which is causing and probably will make creating a vehicle at a profit more difficult for Rivian. Lastly, Ford has recently sold all of its stocks in Rivian, basically dumping their current investments in the company. They also have a contract with Amazon to deliver fleet vehicles to them. However, it needs to be clarified whether the production will be able to meet the demands of that specific contract.