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Rivian won’t join EV price battle thanks to ‘robust’ backlog
Rivian Automotive CEO RJ Scaringe explained the automaker is not joining the EV price tag struggle began by Tesla Inc. previously this calendar year thanks to Rivian’s sturdy get backlog and the general benefit of its autos at recent cost degrees. “We experience confident in the worth proposition of what we’re offering at our pricing amounts right now,” Scaringe stated on the firm’s fourth-quarter earnings connect with Tuesday. Even though the current local weather of increased interest charges generally lessens consumer need, Rivian has an order backlog that will take till 2024 to fulfill. “The demand backlog we have is extremely robust,” Scaringe reported. “It presents us a obvious line…
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YouTube’s NFL deal turns up the heat in battle for sports rights | Sports rights
YouTube’s $14bn (£11.6bn) deal to stream National Football League (NFL) games marks the latest incursion by a Silicon Valley giant into territory traditionally dominated by broadcasters and pay-TV companies, as live sport becomes the latest battleground for audiences and profits promised by the streaming revolution. The Google-owned YouTube’s seven-year deal, which will see the world’s largest video platform take over the “Sunday Ticket” package of games held by the US satellite service DirecTV since 1994, followed an auction that included heavy interest from its fellow big tech company Apple. The deal is the latest in a series of commercially eye-popping deals by the NFL, the most expensive live sports rights…
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