Rivian Automotive (RIVN 1.44%) has more of its vehicles on the road than ever before. If you live in one of the cities where Rivian&#x27;s electric delivery vans are operating, the company looks like it&#x27;s thriving. But Rivian is yet another example of why a company&#x27;s perceived popularity and its ...

Is the Rivian Investment Thesis Officially Broken? @themotleyfool #stocks $RIVN

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Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.

Rivian Automotive

Crypto Crash? Not Really... 

Legacy automakers and electric vehicle companies are in a race for innovation. With multiple household brands now hoping to deliver on their electric vehicle (EV) promises, furthering investments into electrifying their line-ups, and - a wealth of new job opportunities are being developed alongside the surging growth. manufacturing better, faster, and more environmentally-friendly cars The combination of growing consumer demand, partnered with more progressive electric vehicle policies that aim to direct capital investment towards auto manufacturers is helping to fast-track the transition to electric and battery-operated vehicles across nearly every corner of the world. While regions such as the United States, Europe, and China are spearheading the EV transition, key changes in policy and political investment are helping advance technological development, boosting manufacturing capacity, and assisting in crafting more efficient trade agreements between various partners. The introduction of several policies in recent years, including the Inflation Reduction Act (IRA), and the Bipartisan Infrastructure Bill, have already helped generate new job opportunities and future possibilities for the U.S. EV industry. However, these key moments were only further building on top of an already growing industry that has experienced steady investment flowing from both the private and public sectors. Now, manufacturers are rushing to fill open positions, in a historically demanding job market that has already undergone tremendous transformation in recent years. The steady demand for new opportunities Following the pandemic, and the aftermath thereof, which later triggered perhaps the biggest shift in labor market conditions, and would be known as the - overall labor conditions have remained historically positive despite the presence of sticky inflation and eye-watering interest rates that were last seen during the Bush Administration. Great Resignation Experts predict that the current change in consumer behavior, and the shift towards owning a battery-operated-vehicle (BEV) could help result in surging job growth in the auto industry. The current prediction estimates that if BEVs are able to rise to a robust 50% of domestic auto sales by 2023, the automotive industry could within the decade. generate an additional 150,000 new jobs Yet, this wouldn’t be the first time that legacy automakers and EV companies would add to the growing and highly dynamic U.S. job market. In a by the Environmental Defense Fund and WSP, automakers have added more than 179,000 new EV jobs and over $165 billion in new electric vehicle investments during the last eight years. report Other claim that the amount of new jobs added by the EV investments is higher, with more than 188,000 new jobs generated in recent years, according to Blue Green Alliance Foundation and Atlas Public Policy's data. sources However, looking at this from a more diplomatic perspective, the U.S. Bureau of Labor Statistics, which doesn't necessarily specify how many new EV jobs have been added over the last decade or so, revealed that four key areas will continue to see increased demand in the coming years. Those areas include the design and development of electric vehicles; installation and maintenance of charging infrastructure; production of batteries; and automotive production jobs. Although these segments stretch beyond traditional labor market categories, new possibilities would only become more possible through direct investment in the wider auto industry, and better policies that can help secure the United States as a leader in the global EV industry. New employment opportunities require (some) losses While the auto industry might be experiencing tremendous change due to improved manufacturing policies and surging capital investment, unfortunately, growth doesn't come without cutting some losses throughout the process. Despite all the efforts, there remains a level of risk many experts are unable to clearly identify over the long term. There has been however some indication that policy inaction could lead to increased job losses spread across the auto industry, with some experts claiming more than due to poor policy management, and failure to improve investment opportunities. 75,0000 jobs could be lost by 2030 Stunted growth could stem from various factors, including slowing economic conditions, ineffective supply chain management, and failure to regain market dominance. This year already has seen one of these factors playing out on the broader marketplace, with big-tech companies, including Amazon, Microsoft, Meta, and Oracle to name just a few cutting their employee headcount due to slower client demand and rising prices. Throughout the year, more than , across various companies, departments, and vacancies were handed a pink slip, some often laid off via a virtual company call, or even being replaced by more efficient and productive artificial intelligence (AI) systems. 249,000 tech employees Auto workers haven’t been completely shielded from these events either. Last year, several big companies, including General Motors (GM), Volkswagen, Lucid Group, Ford, and Argo AI announced cutting their headcounts in an attempt to stabilize their balance sheets and restructure their forward-looking strategy. Some due to their transition towards EV manufacturing in recent years. Ford cut more than 8,000 jobs last year, in an attempt to focus more on its EV business segment. automakers have laid off employees General Motors wasn’t in the same boat, but treaded through similar waters, announcing that it would limit hiring of new positions, and rather focus on filling critical needs in positions that could help further boost its presence in the auto market and more importantly, the EV industry. Some electric vehicle companies are feeling similar tension rising up against the surface as workers begin to demand better pay, against a backdrop of surging materials and operational costs due to ineffective supply chains and geopolitical tension in Europe and the Middle East. Chinese-based EV startup, Nio, recently that due to slower sales growth and waning demand, the company will look to cut nearly 10% of its workforce. Earlier in the year, word surfaced that Rivian, an American EV automaker, was planning to as it looked towards restructuring its long-term strategy and regain market share due to the EV price war taking place between major automakers such as GM and announced cut around 6% of its workforce Tesla. Being laid off isn’t the only thing that prospective auto workers will need to be concerned about. In recent months, the United Auto Workers (UAW) Union, a labor union that represents auto workers in the U.S. and parts of southern Ontario, Canada, embarked on what was perhaps considered one of the biggest labor strikes in recent decades. In mid-September this year, roughly at three of the biggest manufacturing plants, including at General Motors, Ford, and Stellantis Jeep assembly plants. 13,000 auto workers dropped tools After nearly two months, the UAW and auto manufacturers that would help significantly increase the wages of some plant and assembly workers, further improve retirement benefits, boost pay for temporary workers, and reduce the minimum years required to receive higher pay benefits. managed to reach a deal For legacy automakers, this would perhaps be yet another defining moment in their history, however, for electric vehicle companies, that are still trying to gain a foothold in the auto industry, and having to struggle through the growth pains that come with any new market. The possibility of better wages and improved employee benefits are often overshadowed by the opportunity to become part of something that provides a sense of innovation, and a force of reckoning that’s still trying to navigate through various economic and political challenges. Looking for a job? You’ll need to be an engineer first With the wider auto industry witnessing significant changes, and with many automakers hoping to capitalize on consumer demand, progressive policies, and better investment opportunities, many of them have changed their tune regarding the type of employees they are now hiring to fill the need for critical skills that can help elevate their business growth. As the EV industry continues to develop and breach into new markets, employability has become increasingly competitive, and perhaps increasingly difficult for college graduates and job seekers hoping to land a job in such a multifaceted industry. While there are dozens, even hundreds of new job openings being posted by some of the biggest EV makers in the business, the qualifications required to even be considered for one of these jobs, never mind surviving the rigorous corporate hiring process, has become seemingly outlandish to some extent. The most , depending on the vacancy, often require applicants to hold either a Bachelor's Degree, or an equivalent degree in the field of engineering, design, development, or supply chain management. basic requirements Other, more critical jobs will require applicants to have a necessary qualification, in either electrical, chemical, mechanical, or robotics engineering. That’s not to mention, that some of these jobs will also require applicants to either have a portfolio that showcases their work or a minimum amount of years of working experience to be considered. Keep in mind that in the U.S., nearly with an engineering major will either drop out of college or change their major before graduating. The reason for this high figure? Well, one survey found that students are often ill-prepared for the complexity of the work, and many become overwhelmed with the amount of work and requirements needed to make it to graduation. Additionally, some students have indicated that a lack of success, support, and interest in the field are some of their reasons for changing majors or dropping out. 50 percent of students For less production-orientated positions, such as aftercare service and maintenance, job requirements can even be more stringent, coupled with a laborious hiring process. Due to the strong demand from manufacturers and service centers, and the high competition of entry, many applicants often find it increasingly challenging to land a maintenance job within their first few months of being qualified. With cars becoming more eclectic, new components and inner workings are being introduced, which often requires existing maintenance employees to undergo additional training, or already have the necessary qualifications to service and maintain electric cars. Landing a job is the easy part, even if it doesn’t feel that way. Keeping up with the massive amount of work is another challenge many employees often have to come to terms with. While there may be a short supply for specific jobs, many employees often find themselves having to manage several projects at once, or even doing multiple jobs simultaneously due to the inability to fill open positions. Other leading factors that could also make the job more demanding, and often leading to greater levels of exhaustion include longer working hours, demanding work environment, and lack of flexibility. On top of this, many employees, both on the production floor and in the corporate office have to deal with increased job urgency due to surging competition, and the ability to scale at a much quicker rate. Various studies and surveys have indicated that a culture of urgency in the workplace can lead to increased levels of employees feeling stressed and anxious, only further increasing burnout among employees. For many people, when the going gets tough, they simply quit and move on to the next thing, leaving automakers even more short-staffed. The doom cycle then only begins to repeat itself, as employees become increasingly burned out, many job dissatisfaction, leading many to quit or resign, further causing a higher employee turn around, and more pressure on existing employees to complete projects. will experience higher levels of Working in such a dynamic and multi-dimensional industry was never expected to be easy, yet many people continue to flock towards these opportunities for better pay and wages. show that some Tesla employees make a minimum of $80,000 per year, with a maximum making around $235,000 annually. The average salary for a Tesla employee was around $149,351 per year, making the median $145,000, with roughly 39.1% of Tesla employees making between $150,000 and $199,999. Records Other that many EV companies have been bumping up salaries to attract younger talent, with some mid-level jobs seeing a nearly 100% increase in pay, while senior management has received a steady, yet robust 50% pay increase. research suggests If you want to make money, you will need to work for it, that’s for sure. Finishing Thoughts New job seekers are taking better advantage of the increased opportunities that have been presented by the booming electric vehicle industry. However, the job doesn’t come easy, and demand is high, often creating stiff competition in the labor market. More importantly, future employees who want to work at some of the most innovative companies in the auto industry will need to hold a dedicated degree or qualification, which also doesn’t come easy. While no job is without a sense of urgency or stress, working on some of the most exciting projects that will help reshape the future of the global automotive market is perhaps something worth consideration. Although the journey leading up isn’t easy and requires a tremendous amount of investment, there’s truly something rewarding about working with all-electric cars that will help drive the next generation.

Currents of Opportunity: Navigating Job Openings in the Electric Vehicle Industry

সুযোগের স্রোত: বৈদ্যুতিক যানবাহন শিল্পে চাকরির সুযোগ নেভিগেট করা

Chancenströme: Navigieren zu offenen Stellen in der Elektrofahrzeugindustrie

Corrientes de oportunidades: navegando por las ofertas laborales en la industria de vehículos eléctricos

Courants d'opportunités : naviguer dans les offres d'emploi dans l'industrie des véhicules électriques

अवसर की धाराएँ: इलेक्ट्रिक वाहन उद्योग में नौकरी के अवसर तलाशना

チャンスの流れ: 電気自動車業界の求人をナビゲートする

기회의 흐름: 전기 자동차 산업에서 채용 기회 탐색

Correntes de oportunidades: navegando por vagas de emprego na indústria de veículos elétricos

Потоки возможностей: поиск вакансий в отрасли электромобилей

Fırsat Akımları: Elektrikli Araç Endüstrisindeki İş Fırsatlarını Yönlendirmek

Dòng cơ hội: Tìm kiếm cơ hội việc làm trong ngành xe điện

机遇潮流：电动汽车行业的职位空缺

Competition in the Autonomous Vehicle Industry is Heating Up

Just as human error motivates cybersecurity breaches, momentary distractions jeopardize the safety of drivers, occupants, and other road users. Even with decades of traveling the highway or city streets, drivers may not detect an oncoming vehicle in their blind spot. In September, the National Highway Traffic Safety Administration (NHTSA) for the first half of 2022. reported 20,175 traffic deaths That's why automakers, from startups like Rivian to established names like Tesla, have equipped recent models with driver assistance and safety technologies. Admittedly, the service delivery hasn't been flawless and that's a serious concern. The American Department of Justice and NHTSA have opened separate investigations into Tesla's Autopilot and Full Self-Driving (FSD) packages. Despite the glitches, their originators mean well. However, a grave danger has emerged from this thoughtful invention. While advanced safety tech is a terrific addition to today’s batch of automobiles, users may be lulled into a false sense of invulnerability. A recent study has that many Tesla, General Motors, and Nissan drivers treat their cars as if they are autonomous. found Here's why ignoring your car’s steering is risky despite the availability of active safety features. The Levels of Automated Driving Previously, a vehicle safety system comprised brakes, airbags, and seat belts. Now, technological advances have allowed automakers to make cars safer with radars, cameras, and ultrasonic sensors. Depending on the level of autonomy, the car can handle select tasks, including steering and acceleration. Some can document driving behavior and share tips for improvement if necessary. SAE International, formerly called the Society of Engineers, introduced . Levels 0 through 2 provide limited driving support features that must be monitored when used. Super Cruise from legacy carmaker General Motors is classified as a Level 2 driver assistance system. Hyundai’s Smartsense falls in the same category. six levels of driving automation Levels 3 through 5 comprise features that demonstrate more aspects of autonomy. While Level 5 represents systems capable of driving a car in all conditions, a Level 3 feature may request that the driver regain control at any time. Until recently, no model had possessed safety technology higher than Level 2. German automaker Mercedes-Benz is the first company . Mercedes customers can enjoy this new experience through Drive Pilot. It'll be available for Germany-based customers before Mercedes releases it widely. to receive approval for Level 3 driving autonomy It's believed that driver assistance and safety technology is the forerunner of autonomous driving. For decades, people have depended on cars to go places, but now automakers want cars to move without human attention. It's an ambitious project that won't be possible until the current system is rid of its kinks. Why Relying on Technology to Drive is Dangerous Innovation has transformed the driving experience in many ways. Instead of stopping to ask for directions to the nearest gas or charging station, drivers simply need to use their car’s GPS, and voila! Still, that translates into distracted driving activity, which can result in a fatal accident if the destination is inputted while driving. Besides, the GPS may malfunction and take the user someplace different. It can make deadly mistakes as seen in the last month. tragic death of a North Carolina man Today’s vehicles feature advanced driving assistance systems ranging from blind-spot monitoring to adaptive cruise control. Using one or more of these features is alright, but drivers must never treat these systems as complete substitutes. Only cars equipped with Level 5 of autonomy can make independent road decisions. Dozing, texting, or doing anything that amounts to inattention when these systems are engaged is risky. There have been consequences. A Tesla equipped with Autopilot, its standard driving assistance software, collided with a motorcyclist and killed him. Dozens of incidents have been reported within the past year. Remember, these technologies are constantly updated to fix glitches, hence why they can't be trusted to drive without supervision. Interestingly, Ford's offers hands-free driving for select highways and roads included in its Blue Zone. However, the Detroit-based manufacturer reiterates that users should “always watch the road and be prepared to resume control of the vehicle.” Blue Cruise On November 24, Tesla CEO Elon Musk the release of FSD Beta across North America. Previously only those enrolled in the testing program could access the system. Despite the ongoing investigation and concerns about its viability, any Tesla driver interested in the software FSD can have it for $15,000. It remains to be seen whether this will be a hit or miss. announced Safe Driving is a Shared Responsibility Carmakers need to sensitize customers on best practices for these innovations actively. Doing this will increase the chances of achieving autonomous driving in the future. Perhaps they can learn from GM which capable of answering EV-related queries. released an online tool Channelling that energy and resources into this cause is a timely investment. Automakers should go beyond a caveat on their website and feed the customers real knowledge. Drivers should also consult their manual to understand the capabilities of the driving software fully.

Why the Rise of Active Assistance and Safety Systems Must Not Distract Drivers

Startups lose billions of dollars in VC funding every year, especially when it comes to new industries like electric vehicles. But there’s good news for founders who find themselves in a tough spot: you can still succeed by “recycling” your venture. Amazon and Ford a combined $12.3 billion from their investments in Rivian in three months. The electric vehicle startup, seen as a rival to Tesla, initially attracted a lot of buzz — and a lot of money. But the company's value is now plummeting amid a price hike debacle. lost Like many auto manufacturers, Rivian raised its prices in response to inflation and supply shortages, then backtracked after customers began canceling existing pre-orders. Wall Street analysts the boom-and-bust cycle in the electric vehicles market is typical for emerging industries, and Rivian may still go on to become a major EV producer in the future. But as any entrepreneur knows, when a business is just starting out, nothing is certain — which means anything can go wrong. say Stagnating startups Every year, according to güil mobility venture’s own research, around $35 billion in seed and up to $84 billion in series-A venture funding is lost in seed stage companies. This amounts to three out of every four dollars invested at these stages. “Ran out of money,” “lost focus,” “got outcompeted,” “had poor marketing,” “ignored customers,” and “unsuccessful geographical expansion” are just a few reasons why startups don’t succeed. Some recent examples include , the electric vehicle startup that promised FedEx 1,000 electric delivery vans but never completed the projects. , a used car marketplace, raised “too much money too soon” — and wasted it on things like a “$10,000 sofa” for the company’s executive. , a futuristic startup developing a solution that resembled high-speed levitation technology, shut down when it failed to secure immediate series A funding. Chanje Beepi Arrivo In many cases, “recycling” a venture raises the odds of success. According to a of 150 founders, nearly 75% of respondents who pivoted said they were able to breathe new life into their startup. When founders lack market expertise, relevant experience, necessary skills, funds, or transformational ideas, then it’s time to reach out to the experts. survey How to recycle and exit Recently, güil Mobility Ventures announced an equity-free zero-cost program for international startups looking to reinvent and “reassemble” on the LatAm emerging markets. “Recycled ventures” is part of the company’s long-term vision: by giving stagnant startups a second chance, they also help VCs, who fund them, reduce net losses. With güil’s support, founders can either find the expertise they need to transform their startup, or successfully exit with “cash in hand” and let an external team “recycle,” relaunch, and rebuild their venture from the ground up. Güil has plenty of experience with building successful businesses. It’s the driving force behind Awto, the largest Latin American car-sharing startup; EVSY, the "waze" of electric vehicle owners; 2Bak, a fast-paced reverse logistics platform; and Kupos, a growing player in the multi-modal mobility space. The company was founded in 2019 by the Kaufmann group, one of South America’s largest automobile distributors, with the objective to become a global mobility player. Güil Mobility Ventures includes an accelerator, a company builder, and a VC fund. Moving from stagnation to success In the context of investing, “recycling ventures” has an environmental, social, and governance (ESG) mission. With ESG’s rising popularity, more VCs are now looking into higher impact when choosing companies for their portfolios. A second chance with güil helps startups save energy, human (and other) resources, as well as their investors’ money. Thanks to lower competition and a rapid growth environment, LatAm is an excellent playground for relaunching startups that face challenges in the U.S. and other developed markets. Although the a lower growth of 2.1 percent in 2022, the venture capital boom and affordable labor offer founders the potential for a meteoric rise in LatAm. s UN forecast Many founders I worked with have shown that it’s possible to get past the “inertia” stage and gain the momentum to move forward. All of them have been able to identify and acknowledge their challenges — the first step toward solving them. Being part of a company builder raises the chance of success. According to  güil’s data, it takes 36 months on average to raise seed funding for a new startup. For their peers, accelerated in a company builder, the time spent fundraising shortens by two-thirds, to around 10.7 months. Acceleration in a company builder also made fundraising attempts 565 times more successful. If an average new venture has a 0.15% chance to raise seed funding, for startups backed by company builders the success rate is 84%.

RIVIAN AUTOMOTIVE

rivian.com

10K+ employees

Since 2009

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RIVIAN AUTOMOTIVE

EVERGREEN INDEX #8374

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RIVIAN AUTOMOTIVE

rivian.com

10K+ employees

Since 2009

COMPANY RANKING

RIVIAN AUTOMOTIVE

EVERGREEN INDEX #8374

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STORIES ABOUT RIVIAN AUTOMOTIVE

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