Based on the search results, Tesla is not acquiring Rivian. In fact, when Elon Musk was directly asked about why Tesla hasn’t purchased Rivian, he simply wished them well and acknowledged the difficulties of the car industry, stating: “I wish them the best. I hope they do well. The car industry is a very difficult industry… Rivian’s going to have a hard time.”[1]
Rather than an acquisition, the search results indicate a competitive relationship between the two companies, with some customers even switching from Tesla to Rivian. One source mentioned a person who had owned three Teslas previously but switched to a Rivian R1S[4]. Another source documented someone ordering a new Gen 2 Rivian R1S and becoming a “two-Rivian household” after previously owning a Tesla Model 3[2].
While there is some collaboration between the companies—Rivian announced in June 2023 that it would incorporate some of Tesla’s technology[5]—there is no evidence of an acquisition in progress. The search results instead point to Rivian continuing as an independent competitor in the electric vehicle market, with plans to roll out its next generation of products with a new platform[1].