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Rivian's New Competitor Is a Huge Problem

Volkswagen has gone from friend to foe.

By Travis Hoium – Oct 26, 2024 at 5:30AM EST

Rivian's (RIVN 2.89%) partnership with Volkswagen took a strange turn today when Volkswagen's Scout brand introduced two new vehicles that look a lot like Rivians. This will increase competition in the EV truck and SUV segment and VW is doing it with the help of Rivian's technology. Travis Hoium breaks down why this is so bad for Rivian in the video below.

*Stock prices used were end-of-day prices of Oct. 24, 2024. The video was published on Oct. 24, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Volkswagen. The Motley Fool recommends General Motors and Volkswagen Ag and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$14.77
(-2.89%)-$0.44
Volkswagen Stock Quote
Volkswagen
OTC: VWAPY
$9.86
(-0.80%)-$0.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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