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TechCrunch Mobility: Inside the Rivian skunkworks program, and Trump’s gift toTesla
Elon Musk's business interests align with Trump's tariffs on imported vehicles, benefiting Tesla. Rivian spins out its micromobility program, 'Also,' with $105M funding. The automotive landscape is shifting as companies explore partnerships and new technologies while maneuvering through changing regulatory environments.
Key points
- Trump's tariffs impose 25% fees on imported cars and certain auto parts, increasing vehicle costs.
- The tariffs favor Tesla as it becomes a more competitive option within the U.S. market.
- Rivian announces a spin-off of its micromobility program, now called 'Also,' with $105 million funding.
- There are plans for partnerships in the EV sector, particularly related to autonomy in new models.
Why it matters
- Increased tariffs align with broader trends in protectionism affecting global trade.
- The shift towards electric vehicles reflects the growing importance of sustainability and innovation in the automotive industry.
- Government regulations are increasingly impacting the development and deployment of autonomous driving technologies.
This intersection of politics and technology underscores the dynamic nature of the automotive market, highlighting how regulatory changes can drastically reshape competitive landscapes and influence future mobility solutions.