Will Rivian Survive?
ฝัง
- เผยแพร่เมื่อ 22 ก.พ. 2024
- ● ALWAYS use a Tesla Referral Code: ts.la/michael29727
● Support: th-cam.com/users/tailosiveevjoin
● Contact: x.com/tailosiveev
● Podcast: / @tailosiveevpodcast
Music by: / randyvazquez - ยานยนต์และพาหนะ
![[Vowel]물고기는 물에서 살아야 해🐟🤣Fish have to live in the water #funny](http://i.ytimg.com/vi/3G9MH063Cx4/mqdefault.jpg)
![[TH]FFWS SEA Spring 2024 Knockout Stage - Day 16](http://i.ytimg.com/vi/jpvPyp7LESA/mqdefault.jpg)
I work at Rivian. We’re doing fine. The R2 will determine the fate of the company. If it doesn’t go well, I’m going to start worrying. They’re working on getting BOM down so they don’t lose as much per R1 sold. The R2 is so huge for us. I hope it goes well. The product we have is good. VERY good. People like it. I own one myself. Demand just needs to kick up by 2026-2028
Do you see the R2 being produced at Normal initially, or will all the R2 production be at the new factory?
@@cruiser97eric1 it’s all going to happen in Atlanta. R2 is a completely different manufacturing line/process. Mixing the two together would create quality issues long term.
You need to cut prices and scale up availability. Even on Carvana the prices of Rivians are beyond ridiculous.
Well it came out and I think you guys just might break records if the rivian r2 is 45,000 when being made, good luck and hopefully my family gets one!!
@@rohanm54I heard otherwise but not %100 sure
I really hope they survive. The R1T is so awesome.
R1T is meh
The R1S is amazing.
they're the same car @@AvocadoAtrocity
@Rudenbehr no one has a t and the other has an s
I agree, R1S is even better in my honest opinion.
If their market cap gets low enough, some OEM will probably just buy them out. Might be a Chinese OEM which would be sad for a home-grown American brand.
Or Apple..
Why would any company buy out a money loser. BYD is actually making money like Tesla and Kia. BYD is looking into opening up shop in Mexico and importing EVs while making money like Tesla's upcoming model 2. Sorry, never buy a first gen EV or ICE for it's problems, recalls, etc. Just like Fisker and Delorean went under like many more EV companies will.
Every company is a money loser until they are not. Rivian like Tesla just needs to scale, there should be enough EV demand for them to do so. Right now high interest rates keeping auto sales down. When that changes more demand will come. @@HDnatureTV
Can’t be overstated enough - Amazon’s backing and the orders that they have for their delivery vehicles - from Amazon and now others (AT&T just committed in December) -is a serious parachute that Rivian has over other EV startups. That’s where the growth can come from while they ramp up to R2. Companies aren’t experiencing the same trepidation that consumers are having around switching to an EV; companies know that EVs are the way and Rivian has been proving it’s has a winner day in and day with the EDV running packages for Amazon in more and more cities around the country over the past two years
In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible.
And why Rivian is headed for certain bankruptcy
Hertz?
The orders for the vans aren't large enough to save Rivian. That AT&T deal, they never said how many vans Rivian is going to sell to them. For all we know it could be thousands or just a few hundred or even dozens. Yes, Amazon committed to 100,000 vans, but the pace of those orders has been very slow. Amazon has only ordered about 10,000 vans so far, which is why Rivian got out of the exclusivity agreement early so they could sell the vans to other companies and didn't have to sit waiting for Amazon's next order. Rivian needs to drastically cut costs so they have enough cash for the inevitable production hell they are going to go through with the R2.
I agree that Amazon will come to the rescue because they don't want to rely on solely Tesla & China brands for electric vans in the future. That said, Rivian is currently a cash incinerator and you should prepare for significantly more share dilution before rates cool & losses per vehicle narrow
@@tboneforreal I'm entirely realistic about the tough times the next couple years will be for Rivian. I also think that they are uniquely positioned to ride it to because of the fairly long runway, being first to mass deliver a delivery van, and wide-spread praise they've received for the R1S and T over the past couple years. It'll be tough - but they'll make it.
You'd think Rivian would be pitching their vans to USPS, UPS, DHL, other big fleets
How do you know they haven’t?
especially the USPS
They got Amazon
I think they are locked to amazon for a year. Not sure when the start / end date of that year was though.
They have contracts with Amazon & AT&T. I think it’s about 20% of their business.
of course they will survive
Yeah, no
I’m planning on reserving a R2S on day one. Picked up shares of Rivian this week. The worst thing that can happen to Rivian is it get bought by a Chinese auto maker to enter the US market.
it wont be allowed
The market for $70,000 cars is just too small.
Bezos will keep it going just to keep from using Teslas for Amazon. I think it could eventually be a subsidiary of Amazon.
Bezos sold most of his Amazon stock, and is not CEO anymore
@@TailosiveEV He currently has 938 million shares , I think that's enough that he still has substantial control.
@@TailosiveEVBezos still owns over 938 million shares of Amazon and is still the largest shareholder!
Rivian offered one hell of a seperation package so I am not mad about being laid off. Better than any company that has every laid me off.
Musk is going to want to buy Rivian. He knows the upside on this company is huge once the problems are fixed.
I really want to see Rivian succeed.
Too bad😂😂😂😂
Same, I cant afford their R1 series but i have never seen an automaker thats aesthitic and functionality speak to me the way they do.
I said a long time ago when Tesla was starting to get big, that I would buy an EV when they have at least 9 inches of clearance and keep a decent range. Seems Rivian is commited to that goal.
I just bought stock at $11 a share and I hope after R2 their stock will shoot up again.
In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy
@@Rapido20 :(
Lookin like a 'ruh-roh raggy situation' as ma Boi Scoobs would say. But hey, so long as they can stave off the vultures and keep treading water, it might just make its bones.
Car manufacturing is not a high return investment however, they all have massive debts, Tesla is an exception because the massive amount of speculation/hype, them owning their supply chain, and ability to scale into other ventures Like AI and solar, which is why many liken Tesla to a tech company and not a car company.
(my 2¢ as a guy who dislikes EVs)
I am seeing Rivian R1Ts and R1Ss on EVERY street in my city at all times of day and night. I have a few friends who drive them, and 2 friends who cancelled their original preorders because the specs changed on the top-level trim. I also know a couple of people who have Ford Lightnings and they wish they had bought Rivian, solely based on visual design.
I'm 0% convinced that Rivian will go away in any way. It seems like a ridiculously attractive offering for those interested in the EV option. Rivian structured themselves around this current situation, and wanted to get butts in seats as fast as possible.
I envision them being disappointed in market performance compared to the most perfect possible crackpipe situation, but not critically injured. Too many everyday buyers have these cars and will likely continue to buy later models. And I'm sure govt will inject cash if all else fails.
"I am seeing Rivian R1Ts and R1Ss on EVERY street in my city" The problem for Rivian is that's not very common. They won't even deliver where I live.
it is seriously crunchtime for all manufacturers, what a crazy time to be alive!! upvoted!
I personally would buy a Rivian over a tesla, but the price point is just such a HUGE difference. I know tesla is more established and Rivian is still spending so much in R & D but, its out of reach for so many!
Same but Rivian will announce a new vehicle on March 7th, it's set to starts at 40K, and it's eligible for the 7.5K Tax Credit.
@@YessChacinhere is hoping, because i think they build a quality vehicle
Setbacks are always painful, but I continue buying a few shares-naturally it may sour, but I believe they will make it and am putting some money there. A buyout is also a possibility, GM is flush with cash at this time and that would be a good fit. However, I hope that does not happen as it would ruin the brand-Saab comes to mind.
Thoughtful podcast Drew.
Or how about Apple buying Rivian?
I fill like it would be a good fit
Adventuring and trucks doesn’t scream Apple to me. But sure I’d love it
ford will buy it, as they already have stakes in it
@@fsckool6894Ford got out about a year ago. News sources suggest GM may acquire Rivian at some point…
I agree but Apple's brand in terms of product quality and a focus on premium materials/design seems to line up with Rivian. Plus they could finally build an Apple Car down the road. The Apple Watch Ultra and the adventure vibe also lines up with Rivian but its not a significant reason. VW, Ford or Geely could do more for them short term (mfr help, economies of scale, distribution, cash) but Apple could add more tech, AI, etc. But mostly its a pile of cash and alignment with a premium fellow brand. If Ford buys Rivian you would expect quality to go down, materials to become cheaper, etc. Geely already has Polestar and they seem intent on reaching into the lux EV space. Telsa would be ideal esp if the CT bombs. In fact Rivian should have tried to sell Rivian to Telsa before the CT became a reality. So Apple is dream buy and VW is the smart buy. VW doesnt have much in the truck and off road SUV space and the Scout program could easily face plant. Rivian is pre-made and a safer bet.@@TailosiveEV
Great video. I'm a R1T owner, and agree it is going to be interesting to watch. It is worth noting the company could also be acquired when the price is right. Rivian is ultimately what a lot of us wanted when Tesla first suggested making capable / practical pickup truck.
Releasing the NACS adapter in a few months will help Rivian sell more vehicles. Opening the charging network to non-Rivians in the second half of this year will bring some extra revenue.
I have a demo drive scheduled tomorrow…. The leases are very attractive, especially with the $7500 credit!
Why on earth would you buy a car from a company inevitably going bankrupt
In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy
@@Rapido20 not buying, leasing… Rivian should be around until at least 2026 - if they look like they aren’t going to make it at that time then I’ll turn the truck in.
I think it comes w a big downpayment.
That's the problem with rivian.. Almost all purchases are leases.. No one is buying. All these leases will be in the market in about 1-2 years.
Thanks. I have to say- I REALLY hope they survive.
However they have massive issues to overcome.
I also have to say: literally since the day I first saw it, I absolutely hate that front end- (not that it makes it a bad car).
What does your brand stand for
You said it with the comment of the EV demand dropping. Why is it dropping because the public (the market) is becoming more educated about the cost of owning an EV not only in purchase but in the lack of convenience these vehicles have in terms of refueling and servicing is a problem. ICE vehicles purchase price is generally less expensive and refueling and service is far better in convenience., Rivian will mostly go bankrupt unless another manufacturer purchases them, but then why would they in a market that continues to soften. Tesla stock continues to wain as well, even though they continue to lower the prices on their vehicles. Simple economics 101, when demand goes down, so does the price. The early adopters market is been saturated, so unless you can convince the rest of market why they should trade a known for an unknown investment, the EV sales will continue to collapse.
Does Rivian maybe make some profit if a larger battery pack is purchased? I really really hope Rivian survives and thrives. I absolutely love their vehicles and brand.
I like Rivian. If they offered leases in Virginia i think id get an R1T. Or at least i thought i would, with the stock dying, and the layoffs / their future in question makes me want to not buy one so im not stuck with unsupported product.
"BUY LOW"
Seen Rivian testing a camo suv in Laguna yesterday morning.
They need the $25k truck. They can discount the R1.
No one, not one company has a $25k truck. Not even the maverick can really be had for that price.
@@justinstewart3248someone will come our with one.
great video thanks
Amazon won’t let Rivian go bankrupt.
The lazy Walton heirs will purchase it. They own everything else.
I really hope Rivian does well in the future. Rivian interface is one of the best I have ever seen.
When Rivian says their car can travel 330 miles in a full charge, their car actually travels 350 miles.
When Tesla says their car can travel 330 miles, their car actually travels 300 miles.
Last year there was a huge lawsuit and in court it was proven that Tesla was lying and Tesla lost the lawsuit. That is why this year suddenly the mileage of the model Y and some of the other models have dropped, because they have to be more accurate.
Designing a compelling product is the easy part. Building that product at scale, with profitability, is the needle in the haystack. The factory is more important than the vehicle itself. Not having seen the Rivian factory, or know anything about their production chain, I really don’t know if they can find true profitability.
The reasons people like Rivians are also part of their high cost. Their current vehicles have very high part count and that means lots of labor. The large part count makes for a more attractive interior as many materials can be mixed together which looks more premium. I have some concerns about how well they will hold up over time. You have a lot of complexity and not the kind of experience that others like Toyota and Honda have.
I live in the Bay Area and the tech industry is experiencing massive layoffs and I believe this is a major blow for tech workers who are typically early adopters of tech products like EV’s.
Typically they unload old EV’s and acquire new ones but with all the RIF’s happening in the tech industry many purchases are put on hold.
Keeping my fingers crossed for Rivian.
If they can't get it together, I think Amazon might buy them. Amazon could buy them for a rounding error.
Did Munro help with the development of the R2?
Well just got 100 shares just in case they do well! $$$$
You’re very du mb In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy
@@Rapido20 No he isn't, the stock is cheap so he put a small bit of money that could pay off.
I look forward to seeing it, I like the look and their target audience it’s just so damn expensive
I like Rivian. Elon basically lay out how to survive but people mis quotes as him trying yo destroy competition. Rivian got to be lean and do it real quick.
Rivian needs to adjust to survive. Forget the stock price. They are in survival mode. It doesn’t matter how good their vehicles are if they go bankrupt. It’s time to perform.
Tesla was close to bankruptcy in 2018 per Elon. They had their moment and they adjusted and survived. It’s Rivian’s turn.
In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy
I think IF Rivian fails, Amazon will buy them because Amazon could run them as a subsidiary and subsidize the losses with their other profit centers like Amazon Web Services until it could be profitable on it's own. Amazon will want the rest of their van order completed. And Amazon is working with Hyundai for a pilot of selling EVs direct to consumer via Amazon. So i think Amazon wants in on the EV industry in some capacity. I don't think they'd rebrand them to Amazon cars, they'd probably keep it as Rivian and just be the parent company and start selling the vehicles through Amazon as another option.
The bottom line.Tesla ate the high end lunch. There is no volume left. The only battlefield left is that sub 30,000 market that everyone has avoided. Where China has a strategic advantage from being bottom up firms rather than Top down like US electrics.
The $25k EV is a new start for the taken.
Tesla are the midrange high end customers don’t like Teslas
@@car_tar3882sure cause the Tesla model S and X don’t exist
How du mb are you?
Rivian was the best selling EV over 70k. Tesla only sold close to 69k luxury EVs. Rivian delivered 50k vehicles. Not bad! Considering TAM Rivian did very well. After improving supply chain/suppliers they will start making a profit and even more profit with R2. They have plenty of options to raise more cash.
Completely disagree. Tesla makes nothing that appeals to people like me (and there are a lot of us) who want a more boxy, rugged looking vehicle that has the ability to run trails and occasional off-road beyond a dirt road. We like Jeeps, Land Rovers, those sort of vehicles. That's what Rivian does.Tesla isn't even in that market. The Cyber Truck is a styling disaster, looking like a 10-year-old's wet dream. Rivian makes an electric Land Rover or electric Jeep. That's the market right there.
There’s a lot of used Rivians for sale
Great commentary!
They, like every "car" company that has tried to start up from nothing are all hitting the same wall. The warranty coverage makes every car have a hidden cost after it's sold. You're also competing with established car companies that make a large part of their profit outside the sale of their ICE vehicles. You end up with a stack of odds against you.
1. If you're doing an EV your costs are higher for the "same" functionality due to new relatively unestablished "niche" tech.
2. You've got no real service/maintenance income from your far more reliable products.
3. You've got no established dealership to handle the extreme logistics of delivery and service and have to front the cost continually as you expand.
4. If you're new your number of out of warranty products you can sell potentially profitable service to is nearly nonexistent.
There's more but the main reason all of these EV startups are struggling so badly is that they are trying to sell a product that has actual competition. The automotive market was too afraid to try and really enter the EV space for a large portion of Tesla's difficult years. This made them the only quality EV option if you wanted a vehicle that was an actual ICE replacement. These other startups don't have the same cheat code available to them. I really want Rivian to succeed, and it's super impressive that they managed to match Ford on the money lost per EV sold. They have a great product, but they missed a couple key features that would have put them at the top of the EV utility vehicle category. I don't know that checking every box would have made the difference for them, but the key is to sell a product that no one else can match.
Here's hoping they pull through, they've still got a shot, but they have to execute better than any that came before them to make this work now.
Given the success RIVN has had thus far building a brand and strong demand for their products, and now the ramp up to the R2, don't you think they would be acquired by an established company before they'd entertain bankruptcy?
Thanks for the commentary.
What strong demand? Extremely du mb comment as instead of upping production it’s flat
Analysts hope for production growth to 80k
Units they left it flat at 50k
There’s no new or more demand than before
Mind you Tesla sold close to 2 million vehicles last year
@@Rapido20 They left it at 50k because of the supplier switch on some materials in late Q1 and the factory shutdown in Q2 for a few weeks. They won't be able to fully finish vehicles towards the end of Q1. The goal of this factory shutdown is to introduce improvements to the line which will increase R1 capacity by 30% and will also lower their COGs to make the R1 margin positive in Q4. The Q4 earnings will be key here to see if they can have all vehicles in Normal at positive margins. We should also see them announce some new contracts on their EDV in Q3 or Q4 -- the EDV is currently margin positive. The EDV business is going to be huge revenue for them (Q4 Amazon EDV revenue was $106M, down 30% from Q3).
All of this being said, I think they raise additional capital to get them to R2. The R2 line should have positive margins on day 1 due to their learnings with R1 and then they also have had more leverage in supplier negotiations since they've built a brand for themself. I wouldn't down their demand just because of 2024 production numbers when the whole goal of this year is to get their Normal plant margin positive.
It is a startup dumb ass. There is strong demand. When the price goes down by 30K, see what happens. R2 will be the best selling EV of 2026.
Unfortunately their unibody design means that a small fender-bender costs on the order of $30,000.00 to repair. This effectively shuts them out of many commercial customers, and the majority of the civilian market who are paying attention.
In 4Q23, Rivian's gaap loss was $107.4k/vehicle. Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle. Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy
isnt amazon behind it watching closely?
Manufacturers aim to make money on vehicles a few years after they start manufacturing. Luxury cars tend to take longer for companies to become profitable on those vehicle. You price vehicles to sell not to cover start up costs. Also, if the numbers you are referring to are company numbers not R1 specific numbers, then you are conflating the loses of an up and running manufacturing line with one that is not. There are a lot of variables to consider to understand if Rivian will be successful and your take is extremely simplistic and misleading.
@@ammon123456 i agree with you. this is overreaction what happened to its stock price literally from $16 to $10 in a matter of days or from $22 to $10 in a matter of month or 2
@@ammon123456 we need a good news next week so at least sp gets to 13-14 range
@@maxximilianm3752You mean like the R2 being unveiled to the world on March 7?
Just curious if you factored Rivian's $33k loss per vehicle in your optimism for their edge in the luxury EV car market compared to Tesla's Model S/X?
Did you watch the video? They're expecting positive gross margins end of this year
I’m thinking about buying into the stock. I see Apple swooping in on this! It just makes too much sense!
I think your point was Rivian needs to streamline production to lower production costs like how Tesla is good at cutting costs. Why doesn't Rivian license out their battery and motor technology to other struggling legacy automakers who's EVs are subpar?
For example, the new Honda Prologue uses GMs ultium platform.
They will survive if they follow Tesla’s plan because the R2 is suppose to be there model 3 they’ll start to take reservations after the reveal and by Q1 2025 they gonna start to make the R2.
Software might not be as good as Tesla but built quality is miles better than Tesla
In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible.
And why Rivian is headed for certain bankruptcy
J’ai acheté beaucoup de $RIVN, je n’ai aucun doute du succès de Rivian comme je n’ai eu aucun doute pour Tesla en 2017 !!
The designs are fantastic. But they're way too expensive and availability is too limited.
Will Aptera make it?
No
Nope
no
I think Rivian will be ok. That so what people said about Tesla.
EV demand slowing for “premium” top $$ products. The new model3 and the Kia EV9 are going to sell great
Still….. i want more range
I sure hope so!!!!
I was waiting for this ...I knew it ..😮
If Rivian do a big contract with whatever company to do electric vans is going to the moon guys honestly … everyone loves Rivian so is a win in my opinion …
Can anyone say “Green Boondoggle”
R2 should do well , minus the short sellers stock goes to $20!
rivian can raise capital one last time , and get back on track
2023 Tesla sold 1.8 million and Rivian sold 50k. If were going into a auto slowdown than the small players will hurt, Rivian may only survive as an Amazon Sub.
Get ready for more offerings RIP
What about the badger?
just saw a graph of pure EV car companies on another video: Tesla is the only pure EV company in the black (~19 billion), and I think Rivian is -19 billion in the red if I recall correctly.
They are also the oldest…
@@3DPrinterAcademy by far!! It took Tesla 17 years to turn a profit when it announced that 2020 was the first full year of profitability in the company’s history. That is the kind of uphill battle these EV companies and Legacy auto has to deal with, they have to shorten that amount of time, or have another revenue stream sustaining them.
Buying the stock right now 😂
Rivian will survive. They got Amazon too. R2 will change a lot. Product is perfect.
The big whales buy around 9 and it will change.
Honestly, RJ with those glasses looks like clark kent to me but only thing is he ain't superman without those glasses
Rivian has not appeared to have the same sense of urgency and focus on manufacturing efficiency as Tesla.
They will now. Probably why they just hired a lot of people from big name companies.
It is not about the inability to sell their vans, but can they make their vans at affordable enough price for customers to buy.
What they need is a affordable car under 30k with 300 miles of range what ever car company does this first will win big
Charging performance matters more than range
How about Geely or VW buying Rivian? VW is trying reboot the Scout as an EV with a truck and SUV why not just buy Rivian?
RIVN has to get some revenue streams….Lastly I think in 5 years, folks are going to wish they got in on $10 dollar stock……and the short sellers might be disappointed as well towards the end of earnings season
Can you imagine towing your RV and looking for a charge station mid day.
No I cannot imagine that at all. Any more than I can imagine running out of gas because I failed to ever look at the fuel gauge. Try to understand that people understand their vehicle needs. If you NEED to drive 400 miles every day and keep a tight schedule, then you do not have time to stop 2x mid day to charge for 1/2 hr each. But if you only drive 80 miles per day You start each day with a full tank of battery because you plug it in to charge while you watch tv and go to bed. If you need to tow a 2 axle 5th wheel RV you should not buy a Nissan Altima, or even a Ford F150 - they are inadequate to your needs.
Is it even sold anywhere else then US? Its like unicorn to rest of the world.
I believe the new model is supposed to launch in Europe.
Rivian sold more R1s before the MX 15-19% price drop in September. In Q4 MX outsold R1s.
Amazon owns 20% of Rivian. I'm a buyer at these prices.
I"m buying the stock because I'm a gambler.
You’re just du mb In 4Q23, Rivian's gaap loss was $107.4k/vehicle.
Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle.
Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy
@@Rapido20Part of the per vehicle cost is fixed overhead. That's why the loss decreases at scale when economies of scale can take over. I'm not disagreeing with you that it's a lottery ticket bet, but I don't think bankruptcy is a certainty. Being an owner of their product, I can attest to its desirability. That's worth a lot and may not be fully represented in current financials.
@@Rapido20you forget they got Amazon. Don't worry.
if they are selling a 150k vehicle for 70-80k ... well, who wouldn't want to take advantage of that discount?
i just went to go buy some motor oil at walmart. every brand was atleast $20 and up i was like wth. i guess there motivating people to buy EVS
Your opinion isn’t invalid and I’m not saying you should invest. But people said these same things about Tesla before they made it. Rivian can pull out of this.
Their situations aren’t identical
The R1 is a far smarter choice than the cyber truck. Once the novelty of cyber truck wears off it’s going to be considered in the same way as the Hummer H2.
Not going to happen
Cybertruck is a gimmick. Ugly as hell.
Cybertruck is truck 2.0. Innovates everywhere, and design uses space differently, indestructible. Polarizing yes but a new page from traditional design that Rivian and others use.
All valid points…..
any down turn in the economy will negatively affect all auto manufacturers. Those who are in financial difficulties may go bankrupt. As the pundents say" the competition is coming" , so only the strongest will survive.
Probably not. High interest rate market downturns always gobble up baby businesses. Exxon type companies always vacuum up leftovers during times like this. Things arent even bad yet. Not promising.
Battery 🔋 cost needs to be cut in half --- China CATL setting up factory in USA maybe a safety net..
Hope they do good, we don't need tesla only EV company
There is not one product/brand/company adored by customers that went bankrupt in the history of business since 1600s.
All you have to do is ask yourself how many new automobile startups there have been in the last 70 years. Yeah, Tesla... and that was a very near run thing.
The R2 isn't going to save them. Look at Tesla's struggles with production ramps. Look at Rivian's production guidance for the rest of 2024. Even Tesla hasn't managed to produce a "cheap" EV at scale. It's questionable a desirable EV at a ~$25K price point is even possible until battery energy density increases and pack costs come down.
And Rivian's current portfolio of vehicles isn't going to save them. The price point of those vehicles is too high to sustain the demand necessary to fund the company.
I'm rooting for Rivian. But I'm not buying their stock.
*👍*
The Forbes article pointing out rivian has now burned up over $16,000,000,000+since just 2019 was eye opening.
Vs tesla worst year ever during m3 ramp up only consumed a little over $2,000,000,000.
Elon warned rj and rawlinson in April of 2022, to do everything possible to streamline production, cut costs and stop the cash burn.
Here we are 20+month's later and combined they've burned up over $20,000,000,000 to produce less than 100k combined unit's.
I wondered when rivian raised over $24,000,000,000+ so easily if rj would not be the one to lead them to success at the mass production level.
Seems some of us cautioning about rivian for multiple years now we're right and not just haters or elon stans as others called us. 👍🏻😀
Why doesn’t rivian just sell its vans to consumers? I’d buy one.
Rivian gives all the amenities we the consumers would expect for the price. The quality is by far better than Tesla. I would love to see rivian become a big time rival to the other EV manufacturers.
Tesla had the first mover advantage.
Stock no
Well my friend got layoff this morning
What was their job?
Great question what did you friend do at Rivan??
If they want to survive, put a Toyota gas engine in the R1T/R1S/R2.
Actually Toyota should buy Rivian.