Rivian R1S SUV and R1T Pick-up thread
09-30-21 | 12:30 PM
#92
Lexus Test Driver
Joined: Feb 2002
Posts: 7,331
Likes: 73
From: New York
Wow, I can't roll my eyes farther back in my head.
How can someone one this site, and a supposed auto enthusiast as yourself not be aware of the activity and interest that surrounds Rivian? It has investment from some of the largest companies in the world, including other auto companies.
It's the first all-electric pickup truck (not including random old Ford Rangers here) to hit the road. It's a new American brand that seems to be focusing on production and quality.
If you're not interested or can't comprehend what is going on around Rivian you don't need to participate in the thread and can keep your head in the sand.
One Rivian-centric post on Motor Trend's IG has over 34,000 likes while a 911 GTS post has 20,000. One Honda Civic Post has 24,000 likes, so I guess that's more of an enthusiast car than the 911 GTS right? It's highly irrelevant. Posts that have been older can typically get more "likes" since they've been up longer and have been viewed more.
How can someone one this site, and a supposed auto enthusiast as yourself not be aware of the activity and interest that surrounds Rivian? It has investment from some of the largest companies in the world, including other auto companies.
It's the first all-electric pickup truck (not including random old Ford Rangers here) to hit the road. It's a new American brand that seems to be focusing on production and quality.
If you're not interested or can't comprehend what is going on around Rivian you don't need to participate in the thread and can keep your head in the sand.
One Rivian-centric post on Motor Trend's IG has over 34,000 likes while a 911 GTS post has 20,000. One Honda Civic Post has 24,000 likes, so I guess that's more of an enthusiast car than the 911 GTS right? It's highly irrelevant. Posts that have been older can typically get more "likes" since they've been up longer and have been viewed more.
I have nothing against Rivian and hope they do well.
BTW the new Tundra post had like 70k likes in Sept.
MT is making $$$ by selling advertising, its just unfortunately more focused on EVs, Suv, trucks etc vs sport oriented cars nowadays. They are more of marketing arm rather than a source for independent reviews.
09-30-21 | 04:57 PM
#93
For the 10 Rivian posts MT made in Sept, ONE has more engagement than the only 911 GTS post, again nothing on GT3.
I have nothing against Rivian and hope they do well.
BTW the new Tundra post had like 70k likes in Sept.
MT is making $$$ by selling advertising, its just unfortunately more focused on EVs, Suv, trucks etc vs sport oriented cars nowadays. They are more of marketing arm rather than a source for independent reviews.
I have nothing against Rivian and hope they do well.
BTW the new Tundra post had like 70k likes in Sept.
MT is making $$$ by selling advertising, its just unfortunately more focused on EVs, Suv, trucks etc vs sport oriented cars nowadays. They are more of marketing arm rather than a source for independent reviews.
09-30-21 | 05:18 PM
#94
Lexus Test Driver
Joined: Jan 2007
Posts: 7,460
Likes: 228
From: CA
Not surprising. How exciting can a millionth version of the 911 be? Rivian products are the shiny new thing on the block so it should get magnitudes more likes.
10-04-21 | 08:39 AM
#97
Rivian IPO filing reveals financial losses and 50,000 preorders
The company has raised $10.5 billion from backers including Amazon and Ford
Rivian, the maker of electric pickups backed by Amazon.com, disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork.
The Irvine, California-based startup in a filing Friday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set.
ADVERTISEMENTRivian was seeking to be valued at about $80 billion in a listing, Bloomberg News reported in August when the company announced that it had filed confidentially for an IPO.
The company’s IPO plans come as electric vehicle makers are scaling up, angling for a bigger slice of the growing market. With $10.5 billion raised from backers including Amazon and Ford, an established factory in Illinois and thousands of reservation holders for its R1T truck and R1S sport utility vehicle, Rivian is among the most serious competitors lining up to take on electric-vehicle leader Tesla.
The filing revealed new details about Rivian’s pact with Amazon, underscoring how the startup has tied its future to one of its biggest benefactors. The e-commerce giant will have exclusive rights to Rivian’s delivery vehicles for four years after receiving its first one, and it gets right of first refusal to buy the vans for two years after that. Amazon has ordered 100,000 last mile trucks by 2030, with the first 10,000 due this year.
But the filing shows that Amazon’s logistics unit isn’t bound to buy any electric delivery vehicles from Rivian — and that it can still work with any other potential automotive partners.
“While the EDV Agreement provides that we will be reimbursed for certain development costs, it does not include any minimum purchase requirements or otherwise restrict Logistics from developing vehicles or collaborating with, or purchasing similar vehicles from, third parties,” it said.
Rivian also disclosed how many of its SUVs and trucks have been pre-ordered. Potential customers have put down a refundable $1,000 deposit for non-binding rights to buy 48,390 R1T and R1S models.
The company’s other investors include T. Rowe Price Group, Global Oryx and Manheim Investments, the filing showed.
“Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation,” founder and Chief Executive Officer Robert Scaringe wrote in a letter to prospective investors. “I hope you’ll join us in our journey to help drive the future of transportation.”
The startup disclosed that as of this week, it operated six service centers in four states, including California, Illinois and New York, in addition to a 24/7 service support center in Michigan and 11 mobile service vehicles. Rivian had a network of 169 dedicated charging stations across the country, 24 of which are so-called fast charging sites.
The offering is being led by Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. More than 20 banks are listed on the cover page of its prospectus. The company plans to trade its shares on the Nasdaq under the symbol RIVN.
Rivian employs about 8,000 people globally. It’s main factory in Normal, Illinois, is a former Mitsubishi Motors plant where production on the company’s debut consumer model just started.
Separately, Rivian said Friday it had established a philanthropy called Forever to address climate change and committed to investing 1% of its equity into the non-profit .
The Irvine, California-based startup in a filing Friday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set.
ADVERTISEMENTRivian was seeking to be valued at about $80 billion in a listing, Bloomberg News reported in August when the company announced that it had filed confidentially for an IPO.
The company’s IPO plans come as electric vehicle makers are scaling up, angling for a bigger slice of the growing market. With $10.5 billion raised from backers including Amazon and Ford, an established factory in Illinois and thousands of reservation holders for its R1T truck and R1S sport utility vehicle, Rivian is among the most serious competitors lining up to take on electric-vehicle leader Tesla.
The filing revealed new details about Rivian’s pact with Amazon, underscoring how the startup has tied its future to one of its biggest benefactors. The e-commerce giant will have exclusive rights to Rivian’s delivery vehicles for four years after receiving its first one, and it gets right of first refusal to buy the vans for two years after that. Amazon has ordered 100,000 last mile trucks by 2030, with the first 10,000 due this year.
But the filing shows that Amazon’s logistics unit isn’t bound to buy any electric delivery vehicles from Rivian — and that it can still work with any other potential automotive partners.
“While the EDV Agreement provides that we will be reimbursed for certain development costs, it does not include any minimum purchase requirements or otherwise restrict Logistics from developing vehicles or collaborating with, or purchasing similar vehicles from, third parties,” it said.
Rivian also disclosed how many of its SUVs and trucks have been pre-ordered. Potential customers have put down a refundable $1,000 deposit for non-binding rights to buy 48,390 R1T and R1S models.
$3.7 Billion War Chest
Rivian had a net loss of $994 million in the first six months of 2021, compared with a $377 million deficit a year earlier, according to the filing. The company generates minimal revenue from the initial sales of its R1T, a commercial pick-up truck and does not generate any revenue from the sales of other products. It had about $3.7 billion in cash and cash equivalents on hand as of June 30 to fund its growth.The company’s other investors include T. Rowe Price Group, Global Oryx and Manheim Investments, the filing showed.
“Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation,” founder and Chief Executive Officer Robert Scaringe wrote in a letter to prospective investors. “I hope you’ll join us in our journey to help drive the future of transportation.”
The startup disclosed that as of this week, it operated six service centers in four states, including California, Illinois and New York, in addition to a 24/7 service support center in Michigan and 11 mobile service vehicles. Rivian had a network of 169 dedicated charging stations across the country, 24 of which are so-called fast charging sites.
The offering is being led by Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. More than 20 banks are listed on the cover page of its prospectus. The company plans to trade its shares on the Nasdaq under the symbol RIVN.
Rivian employs about 8,000 people globally. It’s main factory in Normal, Illinois, is a former Mitsubishi Motors plant where production on the company’s debut consumer model just started.
Separately, Rivian said Friday it had established a philanthropy called Forever to address climate change and committed to investing 1% of its equity into the non-profit .
10-04-21 | 09:29 AM
#98
I'm sure I won't hear anything until the end of 2022 or so, but I put a deposit down on the R1S a little while back. I'm still waiting to see how the ID.buzz turns out and I'm cancelling my Cybertruck preorder, but excited to dump the Ody and go all electric. I think I'll have to pull a new plug for the garage though.
10-04-21 | 10:07 AM
#99
Lexus Test Driver
Joined: Feb 2002
Posts: 7,331
Likes: 73
From: New York
So basically they are a company bound to Amazon to produce delivery vehicles with im sure miniscule profit margins knowing how Amazon does business lol Instead of focusing resources on creating vehicles for general public and maximizing profits.
It sounds to me Amazon gets all the benefits without much risk as they can still buy trucks from other automakers.
It sounds to me Amazon gets all the benefits without much risk as they can still buy trucks from other automakers.
10-04-21 | 10:46 AM
#100
Lead Lap
Joined: Apr 2002
Posts: 4,891
Likes: 12
From: Virginia
So basically they are a company bound to Amazon to produce delivery vehicles with im sure miniscule profit margins knowing how Amazon does business lol Instead of focusing resources on creating vehicles for general public and maximizing profits.
It sounds to me Amazon gets all the benefits without much risk as they can still buy trucks from other automakers.
It sounds to me Amazon gets all the benefits without much risk as they can still buy trucks from other automakers.
Amazon's delivery vehicle needs aren't super unique that the vans would not have any relevance to the thousands of other delivery van operators around the globe.
But sure, let's just continue the super negativity on all things Rivian.
10-04-21 | 07:15 PM
#101
Lexus Test Driver
Joined: Feb 2002
Posts: 7,331
Likes: 73
From: New York
Amazon’s investment is nothing more than a tax write off for them.
Its never good when companies allocate products for 1 client. It makes them less creative and takes up resources, man power, production capacity etc. Not to mention they will sell at very low margins already predetermined by Amazon to their benefit.
Amazon basically controls them at this point imo.
Its never good when companies allocate products for 1 client. It makes them less creative and takes up resources, man power, production capacity etc. Not to mention they will sell at very low margins already predetermined by Amazon to their benefit.
Amazon basically controls them at this point imo.
10-20-21 | 06:12 PM
#102
Advanced
Joined: Jan 2006
Posts: 669
Likes: 1
From: US
Driving 5000 miles across the Trans-American Trail in the Rivian
https://www.motortrend.com/features/...rail-off-road/
"It's annoyingly good," was all we could think to say. No brand-new automaker has any right to build a vehicle this competent right off the bat. And that initial impression held true as the pavement increasingly gave way to gravel, mud, and water crossings the farther west we traveled."
"It's annoyingly good," was all we could think to say. No brand-new automaker has any right to build a vehicle this competent right off the bat. And that initial impression held true as the pavement increasingly gave way to gravel, mud, and water crossings the farther west we traveled."
10-21-21 | 10:54 AM
#104
