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Rivian to Utilize Tesla Superchargers with Adapters and Adopt Tesla's Charging Port Standard

Starting from spring 2024, Rivian customers will be able to use 12,000 Tesla Superchargers with adapters in the United States and Canada. Additionally, Rivian vehicles will have a Tesla-style charging port as a standard feature, beginning in 2025.Rivian's CEO, RJ Scaringe, explained the decision, saying, "We prefer the Tesla connector, which is more compact, and we also see it as an opportunity to leverage the charging infrastructure that they...

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INDUSTRY

Private Equity's Clock is Ticking, Warns Verdad Advisers

In a recent report by Verdad Advisers, the health of private companies owned by private equity and venture capital firms has raised concerns due to rising debt costs, compressed margins, and negative cash flow. Verdad Advisers' founder, Dan Rasmussen, describes the situation as "pretty scary,"...

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