EV Makers Lucid, Rivian, Nikola Mark Big Week
It is a rare week indeed when automotive headlines are dominated by electric vehicle manufacturers, but a triad of happenings has achieved what no amount of assuaging the press on their own could have accomplished for Lucid Motors, Rivian or Nikola Corp. In no particular order, Lucid unveiled the production version of their much-acclaimed all-electric Air luxury sedan and is now taking orders for 2021 deliveries; meanwhile, Rivian has begun the manufacturing of its all-electric R1T pickup truck which are rolling off the assembly line as you read this; and finally, early in the week stock soared for Nikola Corp. on news that they had landed a sweet deal to have GM manufacture the fuel cell electric Badger pickup, only to have things up-ended by an unfavorable report from a short-seller that sent the company’s stock plunging by the end of the week. Life in the fast lane it is.
RPM News Weekly Podcast hosts Peter Ciani and Rich Taber cover it all. Have a listen and make a comment. You can also find the RPM News Weekly Podcast on Stitcher.com.
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Segment Locations on the Scrub Bar
- 00:00 Introduction
- 01:50 Lucid Air Production Model Unveiled
- 23:12 Rivian Begins Manufacturing The R1T
- 26:45 Nikola Slammed By Short-Seller
- 36:45 The GM Deal With Nikola
Lucid Motors
photo courtesy of Lucid Motors
“Outfitted with the world’s most advanced production line equipment, the factory will have the initial capacity to produce 10,000 cars a year — and over 300,000 annually with planned expansion.” ~ Lucid Motors
Rivian R1T
photo courtesy of Rivian Media
“We believe there is a more responsible way to explore the world and are determined to make the transition to sustainable transportation an exciting one.” ~ Rivian
Nikola Badger
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