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Jac

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Sgt Beavis

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That’s certainly going to hit the stock today.
 

Blueassassin

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My opinion why JV with them Rivian can already produce vans. If they can build them they will sell.
 

tmmcgee

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That’s certainly going to hit the stock today.
I was thinking that too, but with all of the concerns about expenditures, I think there is the possibility that the market may react more positively in the longer run from a cash management perspective. But yea... who really knows.
 

crashmtb

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Rivian announces pause in Mercedes JV. Tough strategic choices for capital deployment for Rivian’s leadership team. I wonder what changed their view about this JV so quickly.

https://www.reuters.com/business/au...es-benz-make-electric-vans-europe-2022-12-12/

https://stocks.apple.com/AWupJiJjDTqu_19eTK_OFiQ
I wonder if thehve decided to focus all efforts on the consolidation of all functions (except, apparently, for R1+and EDV manufacturing in normal) into their Georgia megacampus. Which seems imprudent - why did they even bother moving from Michigan to California
 

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Zoidz

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It makes sense to hunker down and focus. It's concerning that they didn't realize this three months ago when they announced the agreement.
 

DJG

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It makes sense to hunker down and focus. It's concerning that they didn't realize this three months ago when they announced the agreement.
They likely didn't just change their minds. They just started investigating and/or negotiating and it hit a dead end. The MOU stage lacks any commitment or details, it's a slightly more formal way of saying "we had a good meeting with MB over a drink at the bar, and both of us totally thought it would be cool to work together, like for real".
 

MountainBikeDude

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Stock will take a hit for sure, but in the near term, I think this is the right move for Rivian given the current economic outlook.
 

jbssfelix

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Stock will take a hit for sure, but in the near term, I think this is the right move for Rivian given the current economic outlook.
That just means stock is on sale. Time to buy a few more shares. :)
 

jjswan33

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Well considering that both Tesla and Lucid are down 5% today too I don't think the market cares much.
 

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SANZC02

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Well considering that both Tesla and Lucid are down 5% today too I don't think the market cares much.
I agree, not a mover for the market.

Actually I can see it being a positive to step back and focus more on current commitments while they try to ramp production and work on the cash flow to reduce burn rates.

I’m guessing they could not iron out the details with Mercedes, they did not have an actual deal and had just agreed in principal to work out a deal.
 

Guy

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I wonder if the year delay to Georgia and R2 production (now 2026) had an impact.
Wonder why they are spending money to open a site in Eastern Europe if money is tight.
 

NineElectrics

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First there was the Samsung JV; that didn't happen. Then there was the Georgia factory deal, which is running into problems (and the Normal plant can produce 200,000 cars a year, anyway, 10x what they're currently doing). Now Mercedes deal is no more. Honestly, Donald Trump does better deals than Rivian.
 

godfodder0901

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First there was the Samsung JV; that didn't happen. Then there was the Georgia factory deal, which is running into problems (and the Normal plant can produce 200,000 cars a year, anyway, 10x what they're currently doing). Now Mercedes deal is no more. Honestly, Donald Trump does better deals than Rivian.
You forgot about the Ford partnership...
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