Rivian's slow death has commenced

[Silverstrike]

Rivian Starts Charging People For Towing, Even For Covered Work

It comes as no surprise that Rivian is struggling and trying to bring in extra cash. However, people will likely be upset by having to pay for towing for covered repairs.

insideevs.com

How to burn down every single bridge then wonder why no one wants anything you are selling.

 

[Klaus]

Selling $1 for $0.85 is not a very sustainable business:

"Rivian, backed by Amazon.com (AMZN.O) and Ford Motor (F.N), had $13.8 billion cash on hand at the end of September. It also has a contract to supply 100,000 electric delivery vans to Amazon. But its cost of goods sold was about $220,000 per car versus an average selling price of $81,000 in the quarter, CFRA estimated."

Electric vehicle makers burning cash, slammed by sky-high costs

Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed.

www.reuters.com

 

[13COBRA]

They're ****ed.

 

[gimmie11s]

Na na na nah... hey hey ey.... Good bye.

 

[TXRickC]

seeing more and more Rivian made Amazon delivery vans in the Nashville area lately.

 

[blk02edge]

I'm seeing a ton of these things in Vegas. Sure are ugly

 

[CobraBob]

They're not pretty, but we're talking delivery vans here. LOL.

 

[Blk04L]

Starting to see a few in Palm Beach. The headlight design is terrible.

 

[kazman]

Got my first in-person pickup truck sighting at a local park last w/e. Had to pull over and puke.

 

[Klaus]

WSJ News Exclusive | Several Top Rivian Executives Depart the Electric-Vehicle Startup

The departures of executives, including Rivian’s supply-chain head, have come amid the company missing 2022 production targets.

www.wsj.com

 

[mysticsvt]

We are putting a SHIT TON of money into making the motors for Rivian at Bosch here in Charleston, SC. Not even going into production for a year or two, expanding buildings and getting the floor space ready for the machines.

US-made Bosch EV motors are going into Rivian trucks

Initial production is going to Rivian, while the expansion will serve additional American-made EVs not yet named.

www.greencarreports.com

 

[Klaus]

We are putting a SHIT TON of money into making the motors for Rivian at Bosch here in Charleston, SC. Not even going into production for a year or two, expanding buildings and getting the floor space ready for the machines.

US-made Bosch EV motors are going into Rivian trucks

Initial production is going to Rivian, while the expansion will serve additional American-made EVs not yet named.

www.greencarreports.com

Interesting

 

[Relaxed Chaos]

We are putting a SHIT TON of money into making the motors for Rivian at Bosch here in Charleston, SC. Not even going into production for a year or two, expanding buildings and getting the floor space ready for the machines.

US-made Bosch EV motors are going into Rivian trucks

Initial production is going to Rivian, while the expansion will serve additional American-made EVs not yet named.

www.greencarreports.com

If you are working on this project you might want to be actively looking for another job.

 

[mysticsvt]

If you are working on this project you might want to be actively looking for another job.

Nope, I test injectors for every car manufacturer there is.

 

[Rb0891]

Nope, I test injectors for every car manufacturer there is.

Tesla? Lol

 

[mysticsvt]

Tesla? Lol

What's interesting is FORD requires us to do more testing on injectors than every other manufacturer to include BMW and Volvo.

 

[BlueSnake01]

Tesla? Lol

He said car mfg lol

 

[Klaus]

Exclusive: EV maker Rivian to cut 6% of jobs amid price war -internal memo

Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry-wide price war.

www.reuters.com

 

[Klaus]

This is a good sign

Electric truck maker Rivian confirms it is developing an electric bike

We’ve received hints from Rivian over the past year that the electric truck and SUV maker is bike-curious. But now...

electrek.co

 

[Steve@TF]

Ive been seeing more and more Rivians where i live. Not the suv yet


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