Tesla CEO Elon Musk Doubts Volkswagen's Proposed $5B Rivian Investment Amid Reports That It Is Considering Closing Its Factories In Germany: 'Where Will They Get The Money?'
Tesla CEO Elon Musk Doubts Volkswagen's Proposed $5B Rivian Investment Amid Reports That It Is Considering Closing Its Factories In Germany: 'Where Will They Get The Money?'
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Monday raised doubts about California-based EV startup Rivian Automotive (NASDAQ:RIVN) getting money from German automaker Volkswagen as part of a recently announced joint venture.
特斯拉公司(纳斯达克股票代码:TSLA)首席执行官埃隆·马斯克周一对来自德国汽车制造商大众的资金支持问题表示怀疑,这是最近宣布的合资项目中的一部分。
What Happened: "Where will they get the money?," Musk wrote on X in response to a Tesla enthusiast who mocked Rivian for banking on Volkswagen for funding when the German automaker itself is shutting down factories in Germany.
发生了什么事情:“他们将从哪里得到资金?”马斯克在回答一位特斯拉爱好者,这位爱好者嘲笑了Rivian依靠大众获得资金支持,而大众自己却在德国关闭工厂。
The Tesla enthusiast also predicted "major drama" going forward for Volkswagen as unions might resist the company giving money to an American startup while there are job cuts at home.
这位特斯拉爱好者还预测,大众未来可能会面临“重大纷争”,因为工会可能会反对公司向美国创业公司提供资金,而在国内却有裁员。
Where will they get the money?
— Elon Musk (@elonmusk) September 2, 2024
他们将从哪里得到资金?
— Elon Musk (@elonmusk) 2024年9月2日
Musk's comments come on the heels of reports that the German automaker is considering closing factories in Germany for the first time in its 87-year history.
马斯克的评论出现在有报道称,这家德国汽车制造商正考虑首次在其87年历史上关闭德国工厂之际。
The company is now considering closing vehicle production and component factories in a bid to cut costs amid fierce competition, reported the New York Times. IG Metall union, which represents automotive workers, has said that they will resist job cuts.
据《纽约时报》报道,该公司正在考虑关闭汽车生产和零部件工厂,以削减成本,面临激烈的竞争。代表汽车工人的IG Metall工会表示,他们将抵制裁员。
Union leaders and workers' representatives hold half the seats on Volkswagen's supervisory board.
工会领导人和工人代表占据了大众监事会的一半席位。
Why It Matters: Rivian announced its intent to form an equally owned JV with German automaker Volkswagen in June. As part of the deal, Volkswagen has made a $1 billion initial investment in Rivian and will make additional investments of up to $4 billion subject to certain conditions for a total deal size of $5 billion. The JV is aimed at the creation of next-generation software-defined vehicle platforms to be used in both companies' future EVs.
为什么重要:Rivian于6月份宣布与德国汽车制造商大众汽车成立一个共同拥有的合资公司。作为协议的一部分,大众汽车已经向Rivian进行了10亿美元的初步投资,并将在一定条件下进行多达40亿美元的额外投资,总交易规模达到50亿美元。这个合资公司的目标是开发下一代软件定义的汽车平台,用于两家公司未来的电动汽车。
"Assuming all criteria are met, we expect that the full $5 billion is intended to flow to the benefit of Rivian," company CFO Claire McDonough said last month at the company's second-quarter earnings call. "In addition to the $5 billion of capital to Rivian, we anticipate incremental benefits through cost savings on materials, operating expense efficiencies, and future revenue opportunities associated with the joint venture."
“假设所有条件都得到满足,我们预计整个50亿美元将全部流向Rivian的利益,”该公司首席财务官Claire McDonough在公司的第二季度业绩会上上个月表示。“除了向Rivian提供50亿美元的资金之外,我们还预计通过在材料成本、运营费用和与合资公司有关的未来收入机会上实现的成本节约而获得额外的利益。”
The additional liquidity provided by the deal, the CFO said, will allow the company to ramp production of its R2 SUV at its facility in Normal, Illinois, and enable a path to positive cash flow. Rivian intends to launch the R2 in the first half of 2026.
这笔交易提供的额外流动性,CFO表示,将使该公司能够在伊利诺伊州诺马尔的工厂加速推动R2 SUV的生产,并为实现正现金流的路径铺平道路。Rivian计划在2026年上半年推出R2。
Rivian ended the second quarter of 2024 with $7.87 billion in cash, cash equivalents, and short-term investments.
Rivian在2024年第二季度末拥有了78.7亿美元的现金、现金等价物和短期投资。
Volkswagen did not immediately respond to Benzinga's request for comment on the impact of the proposed shutdowns on its planned investment into Rivian. A Rivian spokesperson refused to comment.
大众汽车还没有立即回应Benzinga关于计划关闭对其对Rivian的投资影响的请求。Rivian的发言人拒绝置评。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
通过以下链接查看更多财经新闻《Benzinga智库:移动出行未来》
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Photos courtesy: Shutterstock
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