Rivian CEO baffled as GM drops $4 billion on gas engines - here's why
Key Points
- Rivian CEO RJ Scaringe is baffled by the automotive industry...
Rivian CEO RJ Scaringe woke up this morning wondering if he'd accidentally time-traveled back to 2015. While he's been busy perfecting electric trucks, the rest of the automotive world apparently decided that combustion engines are the hot new trend again. It's like watching someone invest in flip phones while Apple launches the iPhone.
When Going Backward Costs $4 Billion
General Motors just announced they're throwing $4 billion at gas-powered vehicles, making it the most expensive U-turn in recent memory. Meanwhile, the government decided to pull the plug on EV tax credits, because not...
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