Submitted by Intelligent_Form_616 t3_11dgd7m in wallstreetbets
Meat__Head t1_ja8q13e wrote
Reply to comment by athanasius_fugger in Tesla always makes money by Intelligent_Form_616
I'm just sort of looking at how I'm seeing more of them on the road recently and how they have increased manufacturing to operating 24/7 shifts trying to keep up with the demand. I think there is definitely a demand for their vehicles.
athanasius_fugger t1_ja8qukp wrote
Yes they just have a feature where the batteries spontaneously drain while parked 😬
Idk much about them currently. I was involved in the startup phase in 2020-21 when they converted a shitty Mitsubishi plant into their facility. It's pretty remote so I doubt that helps attract talent. Back then it was pretty chaotic but so is everywhere else.
Meat__Head t1_ja8rapb wrote
Is that the Illinois location?
Meat__Head t1_ja8y3mi wrote
And I also notice that even though Ford sold a large portion of their stake in Rivian, they maintained a 12% stake and Amazon maintains about 27% ownership. Thats about 30% ownership by strong companies.
Initial_Chipmunk5147 t1_jacn9zj wrote
Check your math first
Meat__Head t1_jacnsf0 wrote
I meant 17% ownership by Amazon. Typo on my part
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