Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
R2 model getting basic coil-over suspension and traditional anti-sway bar confirmed
Mass market, and cheaper to manufacture.R2 model getting basic coil-over suspension and traditional anti-sway bar confirmed
Announcing talks doesn't really tell us anything aside from the fact that Amazon isn't buying a lot which is obviously bad for Rivian.It's not like the market had some meltdown today. Other EV stocks barely moved. If this change in pact with Amazon was truly beneficial for RIVN the stock would have at least risen.
As WSJ pointed out, the agreement was viewed favorable by investors by providing an endorsement and some financial stability.
But it would be more favorable without the exclusive deal. Amazon only wants around 10k a year. Rivian has stated that plant is set for a 55/45 split of R1/EDV so they want to build more than 67k a year. Amazon is not backing out of the purchase portion and are still committed to the initial 100k, this just removes the constraint so they can build more.It's not like the market had some meltdown today. Other EV stocks barely moved. If this change in pact with Amazon was truly beneficial for RIVN the stock would have at least risen.
As WSJ pointed out, the agreement was viewed favorable by investors by providing an endorsement and some financial stability.
Not to mention the existing contract is cost+ so if Rivian is not able to utilize the full capacity that drives up the cost per van for Amazon as well.But it would be more favorable without the exclusive deal. Amazon only wants around 10k a year. Rivian has stated that plant is set for a 55/45 split of R1/EDV so they want to build more than 67k a year. Amazon is not backing out of the purchase portion and are still committed to the initial 100k, this just removes the constraint so they can build more.
There were thousands on the lot at the factory waiting for Amazon. If I were Amazon, I would leave terminology in where they get first rights up to X number a year and let Rivian make other deals for the rest of the capacity. That is a Win/Win for Amazon based on their percentage of Rivian stock.
I would agree with you about the spin being put on a lot of other news here, but I don't think it's the case with this one.Imo, this isn't good for Rivian at all. I see it as a major loss of confidence from a extremely well known customer. The loss of the exclusivity PR is another hit.
Rivian's current software doesn't have anything to do with including/not including Apple Car Play.Looking forward to the day Rivian can drop Alexa and add Apple Car Play - I don't know one person who prefers Amazon software over Apple's Car play- hopefully the day is coming soon....
The fact is Rivian does not have Apple Car Play. Whether or not this is because of software or a legal agreement with Amazon I don't know. I think it's fair to say most people would rather have Apple Car Play. Maybe someone who knows more than me can explain why Rivian doesn't have Apple Car Play....Rivian's current software doesn't have anything to do with including/not including Apple Car Play.