3l3c7r1c
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Not that I don't believe they will be successful, but they have a long way to go to prove themselves. 48k reservation number is not that great compared to what Tesla (they got 500k reservation for model 3 on debut with lot lower valuation) and Ford gets as reservation. As hiring is ramping up, service centers will be starting, and running new charges - it should be even more costly. Most likely during initial ramp up time they won't make profit from unit sales as well.
Rivian Sees Deeper Loss on Higher Production Costs for Debut EV - Bloomberg
Rivian Sees Deeper Loss on Higher Production Costs for Debut EV - Bloomberg
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