Apple Inc. is reportedly in discussions with electric vehicle manufacturer Rivian Automotive Inc., which has a market cap of $10 billion, about a potential partnership, according to multiple sources including DigiTimes and various news outlets. The details of the partnership are not yet public, but the talks come after Apple previously halted its own Apple Car project earlier this year. Rivian, known for its innovation in the electric vehicle market, is seen as a strategic partner as Apple looks to re-enter the automotive space. The news has sparked speculation and interest in the financial markets, with Rivian's stock showing movements in overnight trading. Rivian is scheduled to announce its Q1 results after the closing bell, while Apple is due to hold its first hardware launch event for the year.
$AAPL $RIVN ❖ SPECULATION ARISES ABOUT APPLE EXPLORING COLLABORATION WITH EV STARTUP https://t.co/E3mvLqf0cZ
Are the wheels back on the Apple Car project? New Rivian partnership rumors swirl just months after it was canceled https://t.co/3FYDEMllB5
I don't believe a single bit of any Apple and Rivian potential partnership. Apple tried to do something in the auto space for over 10 years with zero results. They couldn't produce a car which means all they likely have is a glorified version of Car Play. Rivian can't produce… https://t.co/KSEymRBvUk
$AAPL $RIVN | Is Apple Back In The EV Game? Tech Giant Reportedly Eyes Rivian Partnership Rivian is scheduled to report Q1 results after the closing bell, while Apple is due to hold its first hardware launch event for the year. Apple ditched its self-driving car project amid… https://t.co/KR9hBiS2YN
Apple is said to be investigating a partnership with a US electric vehicle firm, believed to be Rivian, in a move that could mean reviving the Apple Car. By @WGallagher https://t.co/ITAELGFfEO
Such a partnership would make perfect sense - Rivian proved they can play the ‚one more thing‘ game, they’re clearly developing an ecosystem around their products, probably large overlap of key customers, Apple would turbocharge distribution for Rivian. Long $RIVN. https://t.co/xcRQop7RGV
Report: Apple mulling potential partnership with Rivian https://t.co/FIEH1kpIBE by @ChanceHMiller
NEWS: Apple and Rivian reportedly in talks for potential partnership • The specific details of the Apple-Rivian partnership remain unclear • Apple scrapped its Apple Car project back in February, leading to speculation about a potential collaboration with Rivian. • Rivian… https://t.co/w0UpZX2L8d
$RIVN (19% SI) on the move in overnight trading on reports from the DigiTimes that $AAPL is talks with $RIVN on a partnership https://t.co/rvbBI2yD18
NEWS: Apple is reportedly in talks with Rivian about a possible partnership, DigiTimes reported. They didn't specify what the partnership would be for. https://t.co/p1a9nskS3B
Just wrote up a very short piece, citing a DigiTimes report of possible Apple-Rivian partnership talks. Apple scrapped its "Project Titan" Apple Car effort earlier this year. I'll note that Rivian has a $10 billion market cap. $AAPL $RIVN https://t.co/e8bx1VYybD
Apple had previously halted the Apple Car project, but sources from the supply chain say that Apple is in discussions with Rivian about a possible partnership. The details of the intention and ways of cooperation remain unknown to the public, reports Taiwan DigiTimes. $AAPL $RIVN https://t.co/A0ySIDBWl5
Interesting to see $LCID 31%SI squeezing ahead of earnings - no position-- but if it does somehow manage to not put out horrible numbers we should see $RIVN 19% SI move make a similar move ahead of its earnings tmrw