Rivian's slow death has commenced

[CobraBob]

Unless ford gained some technology advancement that was a stupid decision to buy.

I totally agree. I was actually shocked they did buy. Also a bit shocked that Amazon bought big, too. Amazon reported a first quarter loss coming mostly from their accounting for a $7.6 billion loss in value of its Rivian stock investment.

 

[Blk04L]

Rivian stock plummets as Ford unloads 8 million shares of EV start-up

Shares of Rivian Automotive opened Monday at a new low following a CNBC report that Ford Motor is selling 8 million shares of the electric vehicle start-up.

Rivian’s stock fell 13% to $25 a share, adding to significant losses for the year. Shares of the automaker were trading lower during early trading Monday after closing Friday below $30 for the first time since the company went public through its blockbuster IPO in November. The stock has fallen 72% this year.

 

[Klaus]

LOL

Mr. Scaringe said the production rate is improving. The plant is currently running single 10-hour shifts two or three days a week, he said. By sometime in the second half of the year, he aims to run two shifts a day, five days a week.

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

The electric-truck startup, which ranked among the world’s most valuable auto makers several months ago, is struggling to master the nuts and bolts of production. “We know this is hard.”

www.wsj.com

 

[365 Saleen]

This EV BS will eventually die. Hydrogen will be the reason why.

 

[VRYALT3R3D]

This EV BS will eventually die. Hydrogen will be the reason why.

Why aren't you buying a Toyota Mirai?

 

[365 Saleen]

Why aren't you buying a Toyota Mirai?

It's a Toyota.
Just because Hydrogen will kill off the EV stupidity does not mean I want to buy a Hydrogen car.

 

[VRYALT3R3D]

It's a Toyota.
Just because Hydrogen will kill off the EV stupidity does not mean I want to buy a Hydrogen car.

Lmfao wishful thinking

 

[Klaus]

EV start-up Electric Last Mile Solutions plans to declare bankruptcy a year after going public

The Michigan-based start-up will move to liquidate less than a year after it went public.

www.google.com

 

[Silverstrike]

EV start-up Electric Last Mile Solutions plans to declare bankruptcy a year after going public

The Michigan-based start-up will move to liquidate less than a year after it went public.

www.google.com

but electric the future.

 

[CompOrange04GT]

And WHOOOOOOO on here called it ?!

 

[Lambeau]

Drove by their factory in Normal, IL a couple weeks ago. It's ****ing huge.
There was a shitload of Amazon vans parked on the north side.

 

[BOOGIE MAN]

Drove by their factory in Normal, IL a couple weeks ago. It's ****ing huge.
There was a shitload of Amazon vans parked on the north side.

View attachment 1751613

Maybe they wouldn't have gone belly up if their factory was in New Normal, IL

I'll see myself out

 

[Lambeau]

Maybe they wouldn't have gone belly up if their factory was in New Normal, IL

I'll see myself out

^Partly.

My first thought was, "why" would a Rivian factory be built in the middle of Illinois, one of the most corrupt, most expensive, least efficient states in America?

Government money baby, government money.

 

[SVTdreamin04]

Electric providers will be peddling remote control shutoffs for battery chargers in the near future with a discount on your electric bill as an incentive just like they do with remotely controlled thermostats…

The power grid just simply will not be able to handle all electric vehicles.


Sent from my iPhone using svtperformance.com

 

[SweetSVT99]

^Partly.

My first thought was, "why" would a Rivian factory be built in the middle of Illinois, one of the most corrupt, most expensive, least efficient states in America?

Government money baby, government money.

Unless they have a new one, they didn't build the factory, they bought a former Mitsubishi plant.

 

[Silverstrike]

Unless they have a new one, they didn't build the factory, they bought a former Mitsubishi plant.

Yes the old Diamond Star Motors site if I am remembering correctly. Where the Eagle Talon, Chrysler Laser, and Dodge Stealth was built at.

 

[Nanner]

Yes the old Diamond Star Motors site if I am remembering correctly. Where the Eagle Talon, Chrysler Laser, and Dodge Stealth was built at.

And the 3000GT

 

[365 Saleen]

And the 3000GT

And more notably the 300GT VR4
Don't forget the Galant VR4 as well.

 

[sleek98]

The turbo galant is a car I wish I could have owned.

 

[03cobra#694]

And more notably the 300GT VR4
Don't forget the Galant VR4 as well.

Twin turbo beast IIRC?