Not looking too good for continued operations beyond 2025

[R1TruKaLa]

My Rivian (R1T) is amazing. Scratch that, it is f#$@ing amazing. I think the plan is to keep producing amazing vehicles that people love.
I'm not saying that Rivians are perfect, but they may seem so when compared to other trucks based on my use/desires.

One bright light in all this dark talk of doom and gloom. My R1T is simply amazing , maybe I got lucky and got the golden goose and problems may and will come up, but they will be dealt with accordingly. I positively believe Rivian will outlast me after I’m long gone.. In our house hold my roommate has been waiting since last year just for an “invite” on the R1S . He knows he’s playing the “lottery waiting game” and he’s fine with that. We believe in the product and the process . Just saying …

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[Monkey]

Same thing happened with Tesla but they didn’t have a huge drop in orders when they almost went bankrupt.

They also launched the Model 3 to huge success and the Model Y has become a runaway hit.

Rivian so far has pretty much followed Tesla's game plan as close as anyone could. Actually to a fault where they're repeating many, actually most, of the same mistakes. Rivian is off to a great start... But to survive long-term at the rate they're expanding, they need a mass market vehicle or two. They need their Model 3 moment. This is where the factory in Georgia comes in and the upcoming R2 platform that is still shrouded in secrecy. In addition to this, their delivery van program is doing well and starting to expand beyond Amazon.

 

[rlawsoncrew]

That's a good possibility.

An example to remember though is, let's say, Studebaker. Probably one of the most advanced cars on the market at the time. They could not manufacture and sell at competitive prices. And of course some of their cars did survive with one of what was the "Big Four" at the time. Later winnowed down to the "Big Three." We'll see. I hope your right. I will go back to a conclusion that I came to a long time ago on this company. I have never seen a non-monopoly treat customers as poorly as this company did for the last 3 years and survive. I hope they do, but I doubt they will.

 

[milliemc]

OP has a legitimate question for those on the fence. I'm in the same straddle position. The options and vehicle has changed so much. I'm sure the fanbois will be irritated because they won't accept anything negative but in the end to each his own on what to do with their hard earned cash. I even have a service center just a few miles up the street. But I'm not going to put up with some of the issues I've seen some owners post. And it sounds like a crap shoot if you have a windy noise window, bad alignment, steering and suspension issues. The plus side is that my early slot will mean someone moves up the chain if I pull out so don't hate on me as well. I prefer to hear the good and bad, CNN and FOX and make my own decision. My rant is that a lot of forums turn into cheer leading with "Don't you dare throw shade on my car/company". I say let the chips fall where they may, believe your eyes not the dogma of the cult. Best of luck to the company. Ignore if you like and say good riddance. I'll probably be gone soon anyways. I don't know. Sorry to be dark.

I support and agree with you.

 

[rlawsoncrew]

That’s not the point. The point is they have a year backlog of sold cars which makes them more protected in an economic downturn over the next 12 months.

Pre-orders are not "sold cars". A lot of people have been fulfilling their pre-orders and even later orders to arbitrage there pre-order (or just the new price) with the market price. If you noticed that margin has shrunk pretty dramatically, but we'll see. You may right. The main problem is that they are still loosing money on each car/truck. At $14 the market is clearly concerned. Understanding that the Market is just one indicator, but it is an indicator. That puts them at roughly cash value. That's not good. But I haven't followed it closely. It may have changed.

 

[Kevlar]

Nice FT article - https://www.ft.com/content/ff4002a9-57a3-448c-af49-f665f38340ae

- Rivian's CFO expects the company to earn a gross profit in 2023...enough cash to maintain operations through the end of 2025
- Rivian has become a key player in the economy of Normal, Illinois
- Market capitalization has dropped from $162bn to $12.5bn, yikes!
- Targets to produce 50,000 vehicles in 2023
- plenty of shortfalls in Rivian's ability to meet expectations while the market sees increasing competition

I was thinking about why I don't have my pre-ordered Rivian and it's because so many changes were made that the product is no longer what I wanted when i engaged the pre-order (may 2019). I can't be alone in how I feel.

What's the plan here? Ive been a fan for so long but this is just isn't feeling recession proof (as a product or as an investment). It's hard to say when enough is enough; macro or micro indicators have all been pointing in the direction of parting ways.

Are others just riding this out (to what ever exit becomes available)?

https://www.foxbusiness.com/lifestyle/rivian-to-lay-off-10-percent-of-staff

Rivian is laying off 10% of salaried staff. Seems like a bold move for such an innovative company. I don't think this BT post from last year has any merit at all.

 

[Acoustic71]

Apple is DOOMED! Apple is DOOMED! Apple is DOOMED!

Oh, wait....

Rivian is DOOMED! Rivian is DOOMED! Rivian is DOOMED!

 

[Kevlar]

“Rivian is the best performing stock in my portfolio”
- No One

Cancelled my order and got my deposit back. Been a long journey and failed in execution. I feel like I dodged a bullet.

 

[Kevlar]

Just c

Oh jeez …

OP is on the IGNORE list now

Curious if you’re still bullish on your Rivian?

 

[Dark-Fx]

“Rivian is the best performing stock in my portfolio”
- No One

Cancelled my order and got my deposit back. Been a long journey and failed in execution. I feel like I dodged a bullet.

Why are you even here?

 

[evguy]

“Rivian is the best performing stock in my portfolio”
- No One

Cancelled my order and got my deposit back. Been a long journey and failed in execution. I feel like I dodged a bullet.

So you finally caved to fear and doubt. You're only human, don't be too hard on yourself.

 

[NY_Rob]

“Rivian is the best performing stock in my portfolio”
- No One

Cancelled my order and got my deposit back. Been a long journey and failed in execution. I feel like I dodged a bullet.

They need someone like you on the Fisker Ocean forum...

 

[Rividiculous]

Just c

Curious if you’re still bullish on your Rivian?

I’m gonna guess that DuoRivians might not see your post given the comment you quoted.

But if you peruse the forum, of course you’ll see that everyone here has sold their Rivian and is really down on the company and the vehicles. No one wants an R2 and the R3 is a flop. Last I heard, everyone drove off in a Tesla to join the Elon fan club. All Rivians have stopped working and no one even wants to go on an adventure anymore.

 

[beyondgravity]

Nice FT article - https://www.ft.com/content/ff4002a9-57a3-448c-af49-f665f38340ae

- Rivian's CFO expects the company to earn a gross profit in 2023...enough cash to maintain operations through the end of 2025
- Rivian has become a key player in the economy of Normal, Illinois
- Market capitalization has dropped from $162bn to $12.5bn, yikes!
- Targets to produce 50,000 vehicles in 2023
- plenty of shortfalls in Rivian's ability to meet expectations while the market sees increasing competition

I was thinking about why I don't have my pre-ordered Rivian and it's because so many changes were made that the product is no longer what I wanted when i engaged the pre-order (may 2019). I can't be alone in how I feel.

What's the plan here? Ive been a fan for so long but this is just isn't feeling recession proof (as a product or as an investment). It's hard to say when enough is enough; macro or micro indicators have all been pointing in the direction of parting ways.

Are others just riding this out (to what ever exit becomes available)?

OP you wanted Rivian to add Disney+ and Rivian never contacted you. Is that the change you are referring to here? (I had to check who is this 3 thread guy suddenly posting on Rivian viability)

what are you even doing in this forum, as you don’t want it? What are you trying to achieve throwing these fire bombs?

 

[Redline]

“Rivian is the best performing stock in my portfolio”
- No One

Cancelled my order and got my deposit back. Been a long journey and failed in execution. I feel like I dodged a bullet.

LOL wow. I can't even imagine this mentality.

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