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Take a look at car maker Rivian’s recent troubles. Why are its shares plummeting so dramatically? How does it compare to Tesla’s early days? Find out here as we explore the fascinating history of these two companies.
Can Rivian mirror the same success story that Tesla has achieved? That remains to be seen. So far, Rivian is off to a bumpy start. The electric truck start-up is dealing with its own share of troubles, but it’s not too dissimilar to what Tesla had to go through. Do you think Rivian has what it takes to come out on top?
Take a look at a comparison of their early years and decide for yourself.
Year 1: Birth of the car makers
When did these companies first hit the scene?In 2003, Silicon Valley engineers Martin Eberhard and Marc Tarpenning got Tesla up and running.
Meanwhile, RJ Scaringe, an engineer and MIT graduate, introduced Mainstream Motors in 2009.
In the early years, both companies had their unique struggles and successes.Ian Wright and Tesla’s third employee, pitched the company to Elon Musk and attracted his investments, leading the company to its IPO seven years later. Rivian also made big moves during these years, including the purchase of a former Mitsubishi plant and debuting its first vehicles.
Years 11-16: Teenage wasteland
As the companies entered their teenage years, Tesla had numerous financial challenges and raised concerns for investors. There’s much more to explore in this fascinating comparison—read more to discover what’s next for Rivian. Read More