@@duckweathermcoc8731 literally the same ? Literally . Well their GP loss had been trending down Q on Q. This quarter their loss per vehicle was 32k compared to 38 k previous Q and 124k in Q2 of 2023 . Oh and BTW that 32k loss had also a one time cost of 2k coz of plant retooling. They have reiterated Q4 being GP positive. I happen to follow their path closely . If you wanna share some numbers to back up your literal claims I would be happy to hear them. Cheers
Ditto! The Mrs. can't wait for her R2 after getting chauffeured around in my R1T. And I think if the R3X was coming sooner, she'd opt for that instead.
Id like to see how many Gen1 owners upgrade to Gen2 because this is what helped Tesla, when the upgraded product came out the original buyers sold and bought the new one. Seems to me this is not really happening with Rivian in the same way and maybe Rivian needs to give incentives to Gen1 owners to upgrade by offering free charging at RAN chargers outside of the owners area code so that on trips they get free charging but in their local area they do not so that the incentive doesn't get abused. Something along these lines.
I think it’s obvious on what’s happening with the economy and high interest rates. Slow and steady growth is better than Tesla. People keep forgetting that it took Tesla almost a decade to get to profitability since their first IPO. Rivian looks like it will take them less than half the time so I really don’t understand these people. Their products sell for themselves and the R2 and R3 will get them to profitability.
On top of Rivian's mounting debt and interest expense payments, Rivian's GAAP losses per quarter show no sign of ending. The VW deal is just not going to help much and will add more debt and interest expense. With a market cap of around $15 bill; these recurring quarterly losses, don't see how Rivian avoids bankruptcy: 1Q23 - $1.3 bill 2Q23 - $1.2 bill 3Q23 - $1.4 bill 4Q23 - $1.5 bill & full year '23 loss: $5.4 bill 1Q24 - $1.4 bill 2Q24 - $1.5 bill
Current cash on hand will get them through R2 and the R3 platforms and get them to free cash flow. The biggest thing that RJ and Claire have been emphasizing is just how much cost savings they have coming down the road with supplier renegotiations, etc. This is what is allowing them to have a positive gross margin on vehicles in Q4 of this year. Putting all of the gross profits for each quarter below. Take this out from your numbers and yes they're still losing money - but it slows down that bleed and gets them to R2. R2 will have capacity of 155k units and be profitable much quicker than the R1 or EDV lines were since they are utilzing the existing factory in Normal for these. You don't factor any of the forward looking projects into your assumptions. R2 is the make or break moment for Rivian. I think it will kill it on the market and they will survive just fine bringing them into R3. They also have more EDV contracts that will come in in 2025. 1Q23 - $535M 2Q23 - $412M 3Q23 - $477M 4Q 23 - $606M Full year '23 Total $2.03 bill 1Q24 - $527M 2Q24 - $451M
Rivian has been very unlucky, high interest rates and Cyber Truck launch are not very helpful, now or never is the reaction moment, I hope they make it.
Everyone were holding their breath for that $40k cybertruck. When the 100k price tag came out, there was a concerted sigh of relief from all the EV and truck CEOs.
@@bradhaines3142 You mean all the clueless FUD. It is already the number one selling truck in N America, as the shit storm is uniquely on some losers head. Naturally and unfortunately the Cyber Truck is eating Rivian lunch and some of the dinner too.
very excited for the r3, just wish they still made physical knobs for volume and AC controls. and their autopilot needs to be better or just license tesla's
I like the brand and the product. However this company will go bankrupt. They’re not selling enough cars and they lose money on every car they sell. You can’t have a business model where you lose money every time a sale is made.
You can pretty much apply what you said to every single company in the world. Every company starts out losing money, but they definitely need to increase their sales much faster than what they are currently selling.
Yes def not as it's clearly not in the bottom right now. If they followed Tesla trend, they stock will be down until they have their own model 3 equivalent production sort it out, which is probably 5 years minimal
American industry capacity sucks. Chinese companies launch a new model every 6 month. It has been over 10 years since Rivian talked about their lower priced cars. They still can’t get it done.
theyre not exploding, their only real problem is the starting price of 70k and stories of first generation costing 40k (the whole body) for a fender bender.
No one wants EVs yet the Model Y is the best selling car in the world.. Didn't the UK and USA just raise tariffs on the Chinese EV makers. Why would they raise tariffs if EVs aren't selling and a threat. Think about the dumb stuff you type.
@@ocampbell1954 Not even close to the truth. Tesla sold 1.2 million model Y's last year world wide. Toyota sold around 5 million Camry cars world wide last year and has been selling them at these numbers for the last 40 years. You need to get cracking, then come back.
Well till date almost 100k sold in US and Canada including about 15k Amazon Rivian vans . If that’s “ nobody” then I hope “ nobody” buys them next year too 😂
Awesome brand . Slow and steady they are getting there . The costs are coming down quarter over Quarter.
RIVIAN is unsustainable .
@@Rx100Vx no they aren’t they are literally the same quarter after quarter
@@duckweathermcoc8731 literally the same ? Literally . Well their GP loss had been trending down Q on Q. This quarter their loss per vehicle was 32k compared to 38 k previous Q and 124k in Q2 of 2023 . Oh and BTW that 32k loss had also a one time cost of 2k coz of plant retooling. They have reiterated Q4 being GP positive. I happen to follow their path closely . If you wanna share some numbers to back up your literal claims I would be happy to hear them. Cheers
They need to make money on every vehicle that they sell, not losing 32k for each. That is a lot! You can a brand new car with 32K dollars!
Rivian great vehicles and here for the future.All about stepping stones with the Rivian EV world👌👌
Rivian is a Great NPC.
I absolutely love my Rivian and I already pre-ordered the R2. Now that R3X…
Rivian vehicles are built too EXPENSIVE.
@@markplott4820 relative to what?
Ditto! The Mrs. can't wait for her R2 after getting chauffeured around in my R1T. And I think if the R3X was coming sooner, she'd opt for that instead.
@@markplott4820 I agree the R1 wasn't cheap, but the R2 and R3[X] will be much more affordable.
@@northvanbc - NOT as Affordable , you are LED to believe.
RJ and his team are putting out excellent products, and he seems like a class act too!
Ultimately he is 😂
He dodged every question.
Can't wait to buy my R2. Keep up the good work RJ
I have everything crossed for Rivian. RJ is the likeable version of Elon Musk.
CYBERTRUCK already OUTSOLD the Rivian 3:1 .
@@markplott4820 Rivian is playing the long game, and they're doing well. Slow but steady growth, build up a healthy audience. They will do well.
I agree, RJ is more likable!
Id like to see how many Gen1 owners upgrade to Gen2 because this is what helped Tesla, when the upgraded product came out the original buyers sold and bought the new one. Seems to me this is not really happening with Rivian in the same way and maybe Rivian needs to give incentives to Gen1 owners to upgrade by offering free charging at RAN chargers outside of the owners area code so that on trips they get free charging but in their local area they do not so that the incentive doesn't get abused. Something along these lines.
I was considering upgrading to gen 2 but I’m very happy with my gen 1. If they had native NACS and brought back compass yellow though …
see - MOREW Rivian customers buy CYBERTRUCKS.
NOW being used as RANGER & Police Vehicles. but NOT Rivian.......lol.
Just bought 45,000 shares at 13.65. I say get in now it's cheap.
good luck with that
Always do a great job
I think it’s obvious on what’s happening with the economy and high interest rates. Slow and steady growth is better than Tesla. People keep forgetting that it took Tesla almost a decade to get to profitability since their first IPO. Rivian looks like it will take them less than half the time so I really don’t understand these people. Their products sell for themselves and the R2 and R3 will get them to profitability.
On top of Rivian's mounting debt and interest expense payments, Rivian's GAAP losses per quarter show no sign of ending. The VW deal is just not going to help much and will add more debt and interest expense. With a market cap of around $15 bill; these recurring quarterly losses, don't see how Rivian avoids bankruptcy:
1Q23 - $1.3 bill
2Q23 - $1.2 bill
3Q23 - $1.4 bill
4Q23 - $1.5 bill & full year '23 loss: $5.4 bill
1Q24 - $1.4 bill
2Q24 - $1.5 bill
Current cash on hand will get them through R2 and the R3 platforms and get them to free cash flow. The biggest thing that RJ and Claire have been emphasizing is just how much cost savings they have coming down the road with supplier renegotiations, etc. This is what is allowing them to have a positive gross margin on vehicles in Q4 of this year. Putting all of the gross profits for each quarter below. Take this out from your numbers and yes they're still losing money - but it slows down that bleed and gets them to R2.
R2 will have capacity of 155k units and be profitable much quicker than the R1 or EDV lines were since they are utilzing the existing factory in Normal for these. You don't factor any of the forward looking projects into your assumptions. R2 is the make or break moment for Rivian. I think it will kill it on the market and they will survive just fine bringing them into R3. They also have more EDV contracts that will come in in 2025.
1Q23 - $535M
2Q23 - $412M
3Q23 - $477M
4Q 23 - $606M Full year '23 Total $2.03 bill
1Q24 - $527M
2Q24 - $451M
This guy is a short seller posting same FUD on all rivian videos . Do your own research.
@@Rx100Vx oh I know I reply to this fool from time to time with logic lol
@@timflynn5562 😀
If they launch the cheaper R2 I would def buy it the trucks are amazing
Rivian has been very unlucky, high interest rates and Cyber Truck launch are not very helpful, now or never is the reaction moment, I hope they make it.
Cybertruck no threat
honestly all the shit storm around the cybertruck should be helping them.
Everyone were holding their breath for that $40k cybertruck. When the 100k price tag came out, there was a concerted sigh of relief from all the EV and truck CEOs.
@@foxtrotwolf6081 worst part is they call it 70k but dont mention that you HAVE to pay 20k extra for the 'foundation edition'
@@bradhaines3142 You mean all the clueless FUD. It is already the number one selling truck in N America, as the shit storm is uniquely on some losers head. Naturally and unfortunately the Cyber Truck is eating Rivian lunch and some of the dinner too.
Get Rivian to Europe please ❤❤
very excited for the r3, just wish they still made physical knobs for volume and AC controls. and their autopilot needs to be better or just license tesla's
You gotta get that bro in the background to stop typing the whole time during the broadcast
Amazon partnership on trucks still on? $800mm plus of cash burn. 1.5yrs left or cost cut to growth? Ask the hard questions...
Hmmm Bloomborks took a position on RIVN? Not sure when pull rug tho
typical CEO talk, evading the direct question. Get rid of him, he is terrible to his staff and takes HUGE bonuses.
SuperMan selling cars now? 😅
I am sentient Cybertruck. This funny video.
RJ never mass-produces.
Matt may be buy fewer cars??? This way you can own one.
I like the brand and the product. However this company will go bankrupt. They’re not selling enough cars and they lose money on every car they sell. You can’t have a business model where you lose money every time a sale is made.
You can pretty much apply what you said to every single company in the world. Every company starts out losing money, but they definitely need to increase their sales much faster than what they are currently selling.
I want R2. Please hurry up!! Why can’t they be produced in 2025?
Rivan is too overpriced for most people, tesla has much better pricing and variety
RIVN is just not INVESTABLE today in 2024.
Yes def not as it's clearly not in the bottom right now. If they followed Tesla trend, they stock will be down until they have their own model 3 equivalent production sort it out, which is probably 5 years minimal
American industry capacity sucks. Chinese companies launch a new model every 6 month. It has been over 10 years since Rivian talked about their lower priced cars. They still can’t get it done.
No doubt Vinfast is better 😂
Rivian sales are down big time. No one wants these EV's. They are exploding and catching fire!!
theyre not exploding, their only real problem is the starting price of 70k and stories of first generation costing 40k (the whole body) for a fender bender.
No one wants EVs yet the Model Y is the best selling car in the world.. Didn't the UK and USA just raise tariffs on the Chinese EV makers. Why would they raise tariffs if EVs aren't selling and a threat. Think about the dumb stuff you type.
@@ocampbell1954 Not even close to the truth. Tesla sold 1.2 million model Y's last year world wide. Toyota sold around 5 million Camry cars world wide last year and has been selling them at these numbers for the last 40 years. You need to get cracking, then come back.
@@grabir01thanks for the laugh!😂😂😂
@@grabir01 Toyota sold 290,649 Camrys in 2023. Tesla sold 1!2 mil in 2023. God forbid you do some damn research. Carolla sells more than Camry
i want chinese ev cost 15k
Move to China!
Exactly, why not. Fuk these American overpriced evs,
nobody buys rivian
Well till date almost 100k sold in US and Canada including about 15k Amazon Rivian vans . If that’s “ nobody” then I hope “ nobody” buys them next year too 😂
@@Rx100Vx well said
May depend on where you live, but I am seeing them everywhere.
Bought one yesterday. SO MUCH better than any legacy crap.
@@4Whopper best choice SUV EV by far, hope it does what you want.