QuantumScape Corporation

Rivian Automotive, Inc. Class A Common Stock

Tesla, Inc. Common Stock

Last year, Electrek posted an article about **$RIVN** looking to develop their own solid-state battery.

If Rivian is successful in that, they can pose a competitive threat to **$QS**, which is a pure play solid-state battery player.

**$TSLA** is an EV maker that also produces batteries for itself and for other automakers. It would be no surprise to see Rivian become the next Tesla in that aspect.

[https://electrek.co/2021/03/02/rivian-planning-to-manufacture-solid-state-batteries/](https://electrek.co/2021/03/02/rivian-planning-to-manufacture-solid-state-batteries/)

I'd be careful about calling Rivian "the next Tesla"
Let's do a comparison:

Tesla Q2 2011 vs Rivian Q4 2021
(soon after IPO)

Auto Rev:
$39M vs $54M

Auto Gross Margin:
22% vs -709%

OpEx:
$77M vs $2,071M

Net Loss:
$59M vs $2,461M

These two companies are NOT the same. Even IF Rivian is able to manufacture solid state batteries, that does not mean they'll be able to do so profitably (just look at those -709% GM's). Rivian is wildly overvalued and still has much to prove.

Mark Paddey

Revealed through open positions on its Careers page, Rivian appears to be staffing up on engineers to develop solid-state batteries.

https://electrek.co/2021/03/02/rivian-planning-to-manufacture-solid-state-batteries/

Rivian planning to manufacture solid-state batteries

Rivian & it’s solid-state battery endeavor

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