This is a $5 billion investment in a Texas plant.
Rivian has yet to deliver a single unit so far.
Tesla’s Musk thinks Rivian should take it one step at a time.
North American Rivian electric truck buyers are anxiously awaiting news for the EV start-up company as to when they can expect to take delivery of their vehicle. Various causes have pushed back production, meaning that no final production R1T or R1S has yet been delivered. Despite this, Rivian is actively looking to expand with a new assembly plant.
So far, the $5 billion investment looks like it will be rooted in a plant near Fort Worth, Texas. The factory, referred to as “Project Tera”, would be responsible for at least 7,500 jobs by 2027 and could produce roughly 200,000 vehicles a year. This is why state and local officials are fighting hard to win the bidding war with massive grants and tax abatements according to Reuters.
In a typical twist, Tesla’s Elon Musk thinks that Rivian’s moving too fast. In a tweet, he said: “I’d recommend they get their first plant working. It’s insanely difficult to reach volume production at affordable unit cost,”
I’d recommend they get their first plant working. It’s insanely difficult to reach volume production at affordable unit cost.
— Elon Musk (@elonmusk) August 11, 2021
Not too long ago, Tesla was also courting Texas officials for a new Gigafactory. Could it be that Musk is feeling pressure from Rivian’s momentum?