Rivian's slow death has commenced

[Klaus]

Shares have yet to recover and were down 60% for the year as of Thursday’s close.

Rivian’s net loss in the fourth quarter was $2.46 billion, compared with a loss of $353 million in the year-earlier period.

It turns out retroactive price increases and production misses are terrible for business.

Rivian Automotive Curtails Production in 2022 Due to Supply-Chain Disruptions

The California-based startup, which recently launched its first electric models, expects to produce 25,000 vehicles this year.

www.wsj.com

 

[me32]

But but but its the future lol

 

[q6543]

But they won motortrend Truck of the year!!!

I have seen 3 of them........ on flatbeds.

 

[T.Man]

Production misses can't be helped due to the component shortage crisis, labor shortages, raw material issues, etc. It just highlights their lack of foresight and supply chain risk mitigation strategies.

It's kicking the shit out of my industry but those that can navigate it well and have the money to spend or backing from their Customers / Primes are going to do just fine.

Sad too because a buddy of mine left to go work for them. I'm sure he'll be coming back soon enough.

 

[lOOKnGO]

I'm a fan of the truck and would love to own one. We'll have a Rivian store opening not far from me soon. A friend's friend left Tesla to go work for Rivian and just got his R1T.

Looking back through the other thread." I think I threw up in my mouth"

It was doomed by the majority of SVTP members from the beginning.

Well most!

 

[365 Saleen]

Massive Government Bailout coming...

 

[KilledbyKenne]

I sure am glad I didn't buy any of the stock. One guy in a group chat I'm in was shilling the **** out of it.

 

[Weather Man]

It won't be the last one.

 

[Klaus]

But they won motortrend Truck of the year!!!

I would have also accepted "But Doug Demero loves it!!!"

 

[CobraBob]

Production misses can't be helped due to the component shortage crisis, labor shortages, raw material issues, etc. It just highlights their lack of foresight and supply chain risk mitigation strategies.

It's kicking the shit out of my industry but those that can navigate it well and have the money to spend or backing from their Customers / Primes are going to do just fine.

Sad too because a buddy of mine left to go work for them. I'm sure he'll be coming back soon enough.

GREAT post, sir. Well said! Rivian pushed too much, too fast, too soon in their attempt to claw to the top of the EV mountain right out of the gate. It's failing in large part because of the reasons you stated. JMO.

 

[SSSSSSSSSSSSVT]

So now that lithium has gone up 400% does the Mach E battery now cost 100k ?

 

[Klaus]

The pic of the production line is hilarious to me. It looks like a couple of guys putting together a table from Ikea.

Rivian

Here is a Toyota line

 

[Weather Man]

The pic of the production line is hilarious to me. It looks like a couple of guys putting together a table from Ikea.

Rivian

Here is a Toyota line
View attachment 1741293

View attachment 1741294

Brutal

 

[efurlong]

Wow...I just looked into the price of lithium. It's price really has increased almost 400% year over year. 75% of all lithium comes from China. I did a quick google search...a replacement Tesla battery could be as high as $35,000. My F150 is more environmentally friendly than any EV.

 

[598]

I have a 4 post and those same yellow vests. Time to open up an EV brand? Klaus, you need to handle the IPO.

 

[Crimson2v]

The pic of the production line is hilarious to me. It looks like a couple of guys putting together a table from Ikea.

Rivian

Here is a Toyota line
View attachment 1741293

View attachment 1741294

Looks like they are doing an alignment on the Rivian pic. That’s a hunter alignment machine in front of the workers.

 

[Crimson2v]

Wow...I just looked into the price of lithium. It's price really has increased almost 400% year over year. 75% of all lithium comes from China. I did a quick google search...a replacement Tesla battery could be as high as $35,000. My F150 is more environmentally friendly than any EV.

The supporters of electric vehicles are more than happy to drill for lithium but not oil. Lefty logic for ya.

 

[Deceptive]

The supporters of electric vehicles are more than happy to drill for lithium but not oil. Lefty logic for ya.

But, but, but SS Batteries derp! Emerging tech, durp!

Yeah, the tech that so far is showing to have less range that the Lithium Ion it is supposed to replace? Lol!


If you buy an EV you won’t suffer through high gas prices. - Peter Buttplug

 

[OX1]

I have a 4 post and those same yellow vests. Time to open up an EV brand? Klaus, you need to handle the IPO.

Sheet, I got 3, 4 posts, can probably handle 1/2 the US EV production.

 

[1 Alibi 2]

I wonder if the Dims will try to use some of the 1.5T package for bail-out money ??
.