Rivian. What’s your opinion? I have some stock. It ranked. I’m afraid by the time they actually make any cars. Gm. Ford. Vw. And others. Tesla. Will have sold so many it will be an impossible market to crack. What’s so special about the rivian? Its smelling like Delorean 1980s every day
oh man, you bought Rivian? Its tanking over reports it is burning thru cash at a frantic pace. they cant reduce their costs enough to build a profitable car. and at a time when costs are increasing due to inflationary pressures. You saw what happened when they tried to raise prices. The backlash made them blink. They announced a $12000 dollar per car increase on 70,000 pre orders. Then when the cancellations rolled in they blinked and promised to absorb the increases. $12000 X 70, 000 cars is an $840M hit. Cant make up losses with volume, just makes the losses bigger. I ran a mortgage company in 2008. We broke a production record and funded $1b in loans and lost money . No company party to celebrate, we were all depressed. The more loans we made the more money we lost. Rivian is straddling that line.
They are carrying a ton of debt too. But then Tesla was in the same shape at one time.
on a brighter note, im wrong on stocks pretty often (except last year, killed it with Tesla, Kroeger. ). You might end up just fine on it, hope so anyway.
Unfortunately their cars all look the same. Every model. Got to be the most boring. Uninteresting cars ever made. Wife and I are walking around San Clemente identifying them and i
like oh that’s a model 3. Nope. That’s an x? Mmm ok. X. 3. Y. Whatever. Serious they’re all the same. I’d love to buy their roadster but alas. It’s not out. Surprise
Maybe true. But chicks sure dig 'em!! I've bought my wife Audis (A3s / A6s) and BMWs (3s and 5s). She's a meh and has a "give me a corolla any day" attitude. Last November though, I got her a Model 3 and oh emm geeee, night and day. She's asking me to wash that thing every week and she complains when I drive it. All her girlfriends rave about Teslas too. But yep, they LOOK ALL THE SAME! I'm still kicking myself for not getting a porsche taycan (base version), for just 73k early last year (I backed out). I could have driven that sucker for a year and sell it for over the price that I paid for. Ohhhsss well. My bro, however, was able to get on the waitlist for a Rivian SUV, right before they jacked up the price. I'm in the first 50k for a Cyber truck (cheapo version $40k) --> I wonder by how much they'll jack up the price of the base trim (wishful thinking that they don't).
Wait until you drive your new Model S Plaid Java. The opposite of boring. Most fun car I have ever driven. That said, I have never been a car guy, until i drove a Tesla.
Rivian. What’s your opinion? I have some stock. It ranked. I’m afraid by the time they actually make any cars. Gm. Ford. Vw. And others. Tesla. Will have sold so many it will be an impossible market to crack. What’s so special about the rivian? Its smelling like Delorean 1980s every day
Unfortunately their cars all look the same. Every model. Got to be the most boring. Uninteresting cars ever made. Wife and I are walking around San Clemente identifying them and i
like oh that’s a model 3. Nope. That’s an x? Mmm ok. X. 3. Y. Whatever. Serious they’re all the same. I’d love to buy their roadster but alas. It’s not out. Surprise