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TechCrunch Mobility: Inside the Rivian skunkworks program, and Trump’s gift toTesla
TechCrunch Mobility discusses recent developments in the automotive sector, highlighting Trump’s 25% tariffs on imported vehicles benefiting Tesla, the spin-off of Rivian's micromobility initiative into a new startup, and partnerships sought by Lucid for autonomous technology. Additionally, it notes Trevor Milton’s pardon by Trump and funding updates for various EV-related companies.
Key points
- Trump's tariffs (25%) on imported vehicles and parts will increase vehicle prices, benefitting Tesla, which is closely aligned with Trump.
- Rivian has launched a new startup, Also, focusing on electric micromobility, supported by $105 million funding.
- Lucid Motors is seeking partnerships for enhancing autonomous driving technology.
- Trevor Milton, founder of Nikola, was pardoned by Trump.
- Various EV-related companies received significant funding rounds to advance their technologies.
Why it matters
- The tariffs align with broader trends in U.S. trade policy impacting the automotive industry and EV market.
- Rivian and Tesla’s moves reflect a growing focus on electric and autonomous vehicles as key components of the future transportation ecosystem.
- The push for innovation and funding in EVs aligns with 2025 IT trends emphasizing sustainability and smart technology.
The developments in the automotive sector showcase the intersection of politics, innovation, and investment, indicating a transformative phase in transportation with implications for pricing, partnerships, and technological advancement.