Carlos Delgado/AP
- You need more than a battery-powered car to get Wall Street's attention these days.
- The hype train has moved on to EV software.
- The latest deal between Rivian and Volkswagen shows how investor interests have changed.
A battery-powered car alone is no longer enough to excite Wall Street.
Many companies are now on the same playing field when it comes to EV range, charging times, and the ability to mass-produce these vehicles. That leaves Wall Street investors looking for something else to set an electric vehicle maker apart: software.
Leading this change in investor interest is, once again, Tesla.