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Tech & Science Rivian vs. Tesla: Dispute in court goes into the next round

10:20  25 november  2021
10:20  25 november  2021 Source:   finanzen.net

Tesla dominates US market for e-cars - but experts predict the turnaround

 Tesla dominates US market for e-cars - but experts predict the turnaround an evaluation of market shares in electric vehicles in the US shows that the Americans do not buy e-cars, but Teslas. The electric car pioneer is responsible for most of all E-Auto sales in the United States - still. Experts see Teslas position as a US market leader already under pressure and expect a change at the top in a few years. © Provil by Finanzen.net ASIF Hassan / AFP / Getty Images • Tesla dominates the US market for E-Cars • Experts: Market share of Tesla in the US will significantly

Tesla went public on June 30, 2010, selling shares for . It also popped on the first day as it hit a high of .40 and closed at .85. It had about 92 million shares when it went public, which means its market cap was approximately .2 billion vs . the .1 trillion it is worth now. This would put Rivian ’s 2023 total revenue at .25 billion on 50,000 vehicles. Note that it took Tesla three full years of Model S production to hit 50,000 in a year and it had the experience of building the Roadster before the Model S. As a point of comparison Tesla generated revenue of .6 billion in 2014 when it sold over

Rivian is so overvalued that it makes Tesla look like the bargain of a century, it’s insane. I think most rivian investors are just looking for the next Tesla and I don’t think there’s any chance of that happening, but that’s only my opinion. I will put it out there for transparency, I am a Tesla bull, and Then they expanded into those other endeavors. Rivian already has plans for their own nationwide charging network, along with multiple vehicles, multiple markets and Amazon delivery vans. I do not know if they will be as successful as Tesla , but I think they have a really great shot at it based on what

since last year has fired a courtship between the E-automotors Tesla and Rivian. Shortly before the Fulminant Börpendebüt of Rivian, the feud reached a new level.

TANNEN MAURY/AFP/Getty Images © Provided by finanzen.net firs MAURY / AFP / Getty Images

• Tesla with the first suit against Rivian in July 2020

• Rivian shoots back

• Tightening of the dispute shortly before Rivian-IPO

already since summer 2020 Swing between the eV - Pione Tesla and Rivian a mutual legal dispute. In July 2020, a lawsuit of the Musk Group marked the beginning of the Legal Odyssee for theft of trade secrets. Already at that time, in particular, four ex-Tesla employees came into visor , because these should have been covered by Rivian to get more confidential information. Overall, Rivian had announced at that time and write 178 former employees of Tesla, reported TechCrunch. Of these, around 70 to have changed directly from Tesla to Rivian. In an opinion, Rivian rejected all allegations: "Upon entry to Rivian, we demand from all employees that they do not use the intellectual property of former employer into the systems of Rivian we will not use this either. The allegations of this lawsuit are lush contradict the culture, Ethos and the corporate policy of Rivian. " Rivian briefly puts action against Tesla an

electric car: Rivian and Lucid weigh more than Volkswagen and Ford on the stock market, Tesla gets back on

 electric car: Rivian and Lucid weigh more than Volkswagen and Ford on the stock market, Tesla gets back on © David Paul Morris / Bloomberg / Getty Images Electric car: Rivian and Lucid weigh more than Volkswagen and Ford on the stock market, Tesla takes up The action of the US Group has completed 23.71%, corresponding to a capitalization of about $ 90 billion.

Rivian has Tesla as a guideline and billions from Amazon, Ford, and Cox Automotive to help kickstart it. My best advice is to place an order for both vehicle since both orders are fully refundable and learn more over the next few months. Order the Rivian before it launches and everyone orders one.

It took Tesla almost 10 years being a public company until it hit 0 billion in market cap. It took Rivian two days to hit that milestone. Now lets compare the two company’s revenue and production. Tesla is pouring in more than billion into its new Gigafactory in Texas, Elon Musk's new home base.

it seems, so Rivian could not sit on the law of action on the court of Santa Clara. For example, the E car manufacturer fell only about two weeks later on the counter attack and, in turn, handed a lawsuit against Tesla. First, Rivian tried to convince a judge that the prosecution of Tesla does not contain sufficient allegations concerning theft of trade secrets and delay of talents and thus to be dismissed. Instead, Tesla wool damage Rivians, so the reasoning. Rivian lawyers titled the submission in a court document of 10 August 2020 as "inappropriate and malicious attempt to brake the dynamics of the company and damage his brand," as TechCrunch quotes.

Tesla expands action from

Even before the Fulminant IPO of the Rivian Share in November 2021, Tesla continued again and expanded the action already submitted. Already in September, a judge of the court in San Jose allowed the already existing action further expanded. Added to this was the reproach, Rivian should stolen from Tesla battery technology. "The lawsuit he submitted [Tesla] 14 months ago did not hire Rivian to browse his employees and plunder his intellectual property," quoted Bloomberg in October Tesla. Allegedly, employees should have been "on fresh act", as they had stolen the core technologies of the next-generation Tesla batteries. And Tesla goes even further in the court document: "Well, after almost a dozen years without production of a lot of commercial vehicle - set by investors under pressure - Rivian has intensified his illegal efforts, ", Insidedevs returns the document. In addition, three other ex-Tesla employees have now been listed in the files as a defendant.

Rivian share is celebrating the legal disputes despite quarreling fulminant IPO

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Rivian could convince in his IPO investor . On November 10, the Rivian share went to the US technology exercise NASDAQ with a first course of $ 106.75. The issue price had previously been set to $ 78. Since the IPO, paper has been able to grow up to $ 114.85 (closing price of 24 November 2021). Editorial Finanzen.net

Tesla produces in Grünheide first cars in Test run .
The US car manufacturer Tesla has already produced several electric cars in Grühide near Berlin. © patrick pleul / dpa central picture / dpa Elon Musk hopes that the first cars role from the tape this year. The scope of premature approvals for individual bankruptcies also includes the production of a limited number of test cars according to Tesla. They are intended for testing purposes in Grünheide or external facilities. The parts produced thereby should not be sold.

usr: 1
This is interesting!