Written by Cláudio Afonso | LinkedIn | X
Earlier this year, Tesla’s chief executive Elon Musk said the company was in talks with “one major automaker about licensing Full Self-Driving (FSD)”. On Wednesday, Rivian CEO RJ Scaringe clarified that the Irvine-based EV maker is not pursuing that path.
Speaking at Morgan Stanley’s 12th Annual Laguna Conference, RJ Scaringe has been developing its own software allowing it to have “full control over design, functionality, and safety features,” the blog RivianTracker reported citing the CEO.
Covering the supply chain topic, the chief executive admitted that the company had supplier issues that ended up impacting its near-term production rates.
Earlier this week, Deutsche Bank analyst Edison Yu resumed coverage of Rivian‘s stock with a Hold rating and a $14 price target.
The analyst sees Rivian as “one of the few western upstart OEMs left standing” but still in “a league far below” Tesla adding that the company can become “a more niche lifestyle brand that can eventually be sustainably profitable”.
Written by Cláudio Afonso | LinkedIn | X
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