Rivian R1S SUV and R1T Pick-up thread
05-02-23 | 02:22 PM
#286
the "high end german make" models just involve bigger numbers. 
05-02-23 | 02:28 PM
#287
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It reminds me of when my mom used to splurge on the nicer leather options on her cars then promptly put seat covers on 'to protect the resale.' Anyone who'd buy a car based on expected deprecation would also have to stay away from any high end German make as well because those drop ~50% in 5 years too
Anyone who'd buy a car based on expected deprecation would also have to stay away from any high end German make as well because those drop ~50% in 5 years tooThe only ones that may not drop like a rock are niche /enthusiast models that are tucked in a garage.
I think if Rivian is worth 50% in 5 years then it would be a miracle. Most Sclass lose 50% in 3yrs.
05-02-23 | 02:44 PM
#289
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Lucid's problems don't stem from sales, they easily sold out all their pre-order slots. Their problems are manufacturing and delivery to customers. Many people who ordered Lucid's in 2021 still haven't received them. Many of their customers simply cancelled because of the long wait. Had Lucid actually been able to deliver in a timely manner, I believe they would have been extremely successful
05-02-23 | 02:56 PM
#290
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05-02-23 | 03:12 PM
#291
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Rivian is facing the same issue as Lucid, being able to manufacture and deliver to customers. Many Rivian customers have been waiting 4 years or more (they were only able to produce 10,020 models and deliver 8,054 models Q4 2022, missing their 25,000 production guidance). Again like I said about Lucid, if Rivian had the ability to produce according to actual demand, they would be in a much better place today
05-02-23 | 03:17 PM
#292
RJ's letter to shareholders this year has them on track to deliver 50K vehicles this year. A lot of people are still waiting for cars because they still need to build out service centers, their allocation software is hot garbage, and they were waiting for options that are only now becoming available (max pack or dual motor)
05-02-23 | 03:41 PM
#293
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Originally Posted by RNM GS3
Again you may be unaffected but many people are feeling effects of inflation, rising debt, larger interest payments etc.
This has caused a slowdown on overall growth.
Market is still shaky.
We had a 3rd major bank collapse this week.
Not sure what world you are living in but people are definitely feeling economic effects in all income ranges.
When Porsche ADMs on GT3s are falling then you know things are not well lol
BTW Rivian stock is only down about 30% this year. They will need to raise money sooner or later and there is not much availability in capital markets. They don’t have Elon Musk type owner who will support the company with personal funds.
This has caused a slowdown on overall growth.
Market is still shaky.
We had a 3rd major bank collapse this week.
Not sure what world you are living in but people are definitely feeling economic effects in all income ranges.
When Porsche ADMs on GT3s are falling then you know things are not well lol
BTW Rivian stock is only down about 30% this year. They will need to raise money sooner or later and there is not much availability in capital markets. They don’t have Elon Musk type owner who will support the company with personal funds.
Bottom line is you want these EV startups to fail...you never pass up an opportunity to make these outlandish statements whenever the topic comes up.
Last edited by SW17LS; 05-02-23 at 03:45 PM.
05-02-23 | 03:49 PM
#294
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Rivian is facing the same issue as Lucid, being able to manufacture and deliver to customers. Many Rivian customers have been waiting 4 years or more (they were only able to produce 10,020 models and deliver 8,054 models Q4 2022, missing their 25,000 production guidance). Again like I said about Lucid, if Rivian had the ability to produce according to actual demand, they would be in a much better place today
Again I don’t see any scenario where Lucid and Rivian survive once their funding dries up.
05-02-23 | 03:54 PM
#295
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That's my point. Both companies make a product people want, but they can't produce in them in the numbers needed. I think Rivian has a much better chance of survival than Lucid does
05-02-23 | 04:02 PM
#296
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Of course there are effects from these things, but the economy is not tanking as you and some others have been insisting was going to happen for literally years. I work in the housing industry, believe me I understand the impact that inflation and rates have on people's ability to spend. Bottom line is, demand is still strong for spending across many sectors, including vehicles.
Bottom line is you want these EV startups to fail...you never pass up an opportunity to make these outlandish statements whenever the topic comes up.
Bottom line is you want these EV startups to fail...you never pass up an opportunity to make these outlandish statements whenever the topic comes up.
Tesla will continue to grow and expand marketshare in near term. They had an owner that basically put all his net worth on the line to support the company when they were dealing with manufacturing issues.
Tesla also built out charging network and had huge hype and name recognition that Rivian and Lucid can’t match. Even with all that, they barely survived.
05-02-23 | 04:11 PM
#297
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Manufacturing of any vehicle is extremely capital intensive process. For a new manufacturer it’s almost impossible.
I also thought Rivian had better chance because of the Amazon investment but it doesn’t look like Amazon wants to pour any more money into this venture as they are focusing on their core business. They already lost several billion on the Rivian investment.
05-02-23 | 04:11 PM
#298
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05-02-23 | 04:14 PM
#299
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100% agreed
Manufacturing of any vehicle is extremely capital intensive process. For a new manufacturer it’s almost impossible.
I also thought Rivian had better chance because of the Amazon investment but it doesn’t look like Amazon wants to pour any more money into this venture as they are focusing on their core business. They already lost several billion on the Rivian investment.
Manufacturing of any vehicle is extremely capital intensive process. For a new manufacturer it’s almost impossible.
I also thought Rivian had better chance because of the Amazon investment but it doesn’t look like Amazon wants to pour any more money into this venture as they are focusing on their core business. They already lost several billion on the Rivian investment.
05-02-23 | 04:39 PM
#300
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As far as economy, plenty of data out there that shows we are in economic slowdown that will probably continue into Q1 of next year.