Prof G Markets Rivian and Volkswagen’s New Partnership + Scott’s Tax Strategy
23 snips
Jul 1, 2024 Volkswagen's investment in Rivian sparks a discussion on challenges facing the electric vehicle industry, with insights on entering the 'Valley of Death.' Tax strategies take center stage as Scott highlights essential avoidance tactics for young people. Personal anecdotes add humor while addressing the significance of effective tax management for wealth growth. The conversation also touches on the importance of connectivity in today’s market and the impact of technology on remote communities.
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Evaluating Technologies
- Evaluate technologies based on differentiation, relevance, and sustainability.
- Consider SpaceX's Starlink as a potentially important technology in the near future.
Rivian and Volkswagen
- Rivian's partnership with Volkswagen benefits both companies, with Rivian gaining financial stability and Volkswagen accessing EV technology.
- The automotive industry is a challenging business emphasizing scale, and this partnership could lead to consolidation.
EV Market Future
- Several EV startups have gone bankrupt, and EV sales growth has slowed.
- The EV industry might be entering a "valley of death" with consolidation and stronger players emerging.
