tyb
T. Rowe Price (a major owner of all big banks) Invests $1.3 Billion In Rivian EV Startup As It Dumped Tesla In 2019
Baltimore-based T. Rowe Price Associates Inc. plowed nearly $1.3 billion in the latest investment round into electric vehicle (EV) startup Rivian on Monday, reported Reuters.
T. Rowe and BlackRock Inc. were the two major players in the latest investment round for the Plymouth, Michigan-based company as it gears up to compete with Tesla.T.
Rowe spent the first half of 2019 dumping at least 80% of its shares of Tesla, while it has quietly funded companies that could be considered future competitors in the race to develop EVs. Besides Rivian, the investment firm has made an equity investment in Cruise, the autonomous-automobile startup of General Motors Co. It has also invested in autonomous-vehicle startup Aurora Innovation Inc., whose CEO helped Alphabet build Waymo. "T. Rowe Price is excited to invest in Rivian as it moves the innovation frontier forward with its compelling sustainable transport solutions for both consumers and businesses," T. Rowe Price Growth Stock Fund Portfolio Manager Joe Fath said. Amazon recently ordered 100,000 EV delivery vehicles from Rivian. The first Amazon EV vans will hit the roads in 2021. Ford invested $500 million in Rivian in April and will support the startup in ramping up production in 2020.
"We want to maintain a meaningful value in the ownership and future of that company," Ford spokesman T.R. Reid said. Sources told Reuters last month that Rivian will be building a battery-powered Lincoln SUV, expected to be released in 2H22. And as Elon Musk pumps shares of Tesla to $420.69, Tesla's biggest institutional investor, Baillie Gifford, recently said Musk needs help running the company. "He needs help, and I mean that psychologically as much as practically," said Gifford.
T. Rowe's quick jump in 2019 from Tesla to Rivian shows the competition is quickly expanding, and Musk's EV domination is likely to fade in the early 2020s.
https://www.zerohedge.com/markets/t-rowe-price-invests-13-billion-rivian-ev-startup-it-dumped-tesla-2019
2 companies to keep an eye out for rev. implosion next year with increasing competition from deep-pocket competitors: Tesla and Netflix.
which one of the above would you want to deal with in regards to a warranty repair or crash damage?….
list going. normal b not around.
sauce it
Trump says he and Xi will sign China trade deal
PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month. “We will be having a signing ceremony, yes,” Trump told reporters. “We will ultimately, yes, when we get together. And we’ll be having a quicker signing because we want to get it done. The deal is done, it’s just being translated right now.”
https://www.reuters.com/article/us-usa-trade-china/trump-says-he-and-xi-will-sign-china-trade-deal-idUSKBN1YS13R
#9735
>>7609138 d'oh
ghosty bake
notables, not endorsements
>>7609184, >>7609193 'Twas the night before declas
>>7609189 Germany Brexit PANIC: Merkel warned Brexit will CRUSH German pharmaceutical sector
>>7609191 POTUS on FISA court-Fox news vid.
>>7609219 T. Rowe Price (a major owner of all big banks) Invests $1.3 Billion In Rivian EV Startup As It Dumped Tesla In 2019
>>7609225, >>7609268, >>7609341 Prince Philip leaves hospital in time to spend Christmas with the Queen
>>7609242, >>7609253 The Kwanzaa Hoax: A Fake Holiday With A Racist Goal, Created By A Criminal Madman-from Dec 23
>>7609312 Kansas Twat: "Do better with helping tomorrow"- 2 phones, deck 'o cards, pen….
my command b. take it.
kek
I can if you like. give you moar time on the back end. will take
ty anon-san
we have same. stepping out for a few. back in about 10-15min. in case a drop
back…still have one bad habit-kek
#9735
>>7609138 d'oh
ghosty bake
notables, not endorsements
>>7609184, >>7609193 'Twas the night before declas
>>7609189 Germany Brexit PANIC: Merkel warned Brexit will CRUSH German pharmaceutical sector
>>7609191 POTUS on FISA court-Fox news vid.
>>7609219 T. Rowe Price (a major owner of all big banks) Invests $1.3 Billion In Rivian EV Startup As It Dumped Tesla In 2019
>>7609225, >>7609268, >>7609341 Prince Philip leaves hospital in time to spend Christmas with the Queen
>>7609242, >>7609253 The Kwanzaa Hoax: A Fake Holiday With A Racist Goal, Created By A Criminal Madman-from Dec 23
>>7609283 interesting retrospective on how CIA operates-
>>7609312, >>7609356, >>7609486, >>7609522, Kansas Twat: "Do better with helping tomorrow"- 2 phones, deck 'o cards, pen….
>>7609421 Trump says he and Xi will sign China trade deal
>>7609528, >>7609426, >>7609507 President Donald Trump said that North Korea’s “Christmas surprise” could be a “beautiful vase.”
>>7609534, >>7609535, >>7609574 politicards dig: ref to KANSAS twat
>>7609576, >>7609600 DoD twat: "Bringing the heat…."
>>7609596 Putin rebuffs Western criticism of 1939 Stalin-Hitler pact
>>7609614, >>7609681 USMC Twat: " Search and Assess…"
>>7609657 Weimar Republic from the archive
>>7609652, >>7609707 Hillbags twat: "A merry Christmas to all, and to all a good night!
>>7609690 President Trump: I think it’s very tough what they did to Roger Stone-vid gateway
>>7609714 Sports company sues in letter ‘O’ dispute with Ohio State
>>7609735 Fact Check: No, Trump Admin Did Not ‘Begin’ Hold on Ukraine Funds 91 Minutes After Call with Zelensky
>>7609744 FBI Special Agent Michael Gaeta – Legal Attaché in Rome – Was Likely Stefan Halper’s Handler and the Now Infamous “Case Agent 1
>>7609783 Twitter bans animated PNGs to prevent trolls from weaponizing them and triggering seizures
all yours…need some exercise. rain all day yesterday.