The Elephant in the Room [ADMIN WARNING: NO POLITICAL DISCUSSION]

[Donald Stanfield]

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I'm worried Musk might try to renege on his Supercharger contracts now that he has a very good chance of becoming the world's first trillionaire. I can only hope he has a falling out with Trump and starts focusing on expanding his charging network. If he has a top spot in the administration he will allow harm to Tesla as long as it causes more harm to Ford and GM.

The simple fact is Trump doesn't have to do much to harm Rivian in their current state, and he doesn't have to do anything anti-EV; he just has to stop supporting EVs, which he's all but sure to do. Then again, If Trump somehow does manage to improve the economy it will be a net positive for all consumer good sales, EVs included and that could help Rivian.

The R1 is a great product, but they've been swimming upstream since the beginning. First Covid now the economy and interest rates and soon an administration hostile to EVs. I'm a big Rivian cheerleader here, they have an excellent product, but I worry about their long term viability.

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[dleepnw]

One likely impact with the new administration is the end of the EV tax credit. Get your EV with the tax credit while you can.

 

[Surferdude]

That’s a terrible idea for the environment and economy. China isn’t exactly green with their pollution and giving China superiority while tanking our economy will not do the west any good.

Agree. But China is also jettisoning itself to be an environmental leader in EV adoption. Thanks to an incredibly pro-EV government, they are making the US look like a laughing stock when it comes to adoption. Our new administration will reinforce this.

 

[Moodist]

Here’s an alternative view, Rivian is an American, electric car manufacturing company, developing and innovating in the United States. Rivian generates jobs for American people and showcases the possibilities of what America-first can do. Why would Trump or his policies not promote or espouse companies like Rivian?

 

[Donald Stanfield]

Agree. But China is also jettisoning itself to be an environmental leader in EV adoption. Thanks to an incredibly pro-EV government, they are making the US look like a laughing stock when it comes to adoption. Our new administration will reinforce this.

Sure, they have to because their economy is teetering on the edge of collapse. Their construction sector imploded and now their government is subsidizing EVs to attempt to poach the world’s automotive market. Thanks to poor infrastructure planning and extended COVID lockdowns China is in bigger trouble than any other major world government right now.

 

[Dark-Fx]

Mexican imports cannot be tariffed without congressional action

I suppose you didn't look at the congressional elections that happened? R's have control over everything Executive, Legislative, and Judicial. There are no checks and balances anymore.

 

[ukyank]

I suppose you didn't look at the congressional elections that happened? R's have control over everything Executive, Legislative, and Judicial. There are no checks and balances anymore.

Ok, since you are so sure, I’ll bet you $1000 USMCA does not get repealed in the next 4 years. (Money is where all these sky is falling prognosticators suddenly clam up)

 

[Dark-Fx]

Ok, since you are so sure, I’ll bet you $1000 USMCA does not get repealed in the next 4 years. (Money is where all these sky is falling prognosticators suddenly clam up)

Lets do it.

 

[Zoidz]

Here’s an alternative view, Rivian is an American, electric car manufacturing company, developing and innovating in the United States. Rivian generates jobs for American people and showcases the possibilities of what America-first can do. Why would Trump or his policies not promote or espouse companies like Rivian?

The Detroit Free Press posted an article discussing how the EV industry could be affected. Being an American company producing vehicles in the US doesn't matter if you are aligned against the product being produced.

"It seems likely Trump will take aim at emissions standards, tax credits and other regulations that Republicans feel unfairly prioritized EV sales and production. Will federal and state subsidies for EVs continue under a Trump presidency? It's hard to say -- in Michigan, conservatives have both supported and opposed using tax dollars to create auto jobs.

A plant north of Big Rapids could be the face of any Trump administration changes on EVs. The Gotion, Inc. facility promises to create hundreds of jobs and invest billions in the community and economy. But it proved to be a lightning rod during the campaign, as conservatives both attacked incentives for the EV battery plant and the company's ties to China. There's a real chance a Trump administration tries to torpedo the project. But could voters see that as opposing creating new Michigan jobs? Time will tell."

 

[rraj2k81]

Talk about a knee-jerk reactions...

Rivian just needs to produce compelling products - period.

Tesla sold Model 3 and Model Y profitably without federal tax credit from 2019 to IRA was passed at the record pace then.

R2 is a quite compelling at the targeted price.

If uncertainty frightens or makes you uncomfortable, then move on. Otherwise, chill and things will be fine. Nothing changes overnight. Look for Rivian to start exporting EDV and R2 as soon as practical.

The problem was, Rivian shot them selves on their foot, when they decided to wait 3 years to release the R2 and R3. The announcement of the R2 and especially the R3(x) created a lot of buzz and excitement (I didn't think twice about putting down my deposit), and they failed to capitalize on it. In 2 - 3 years there is no guarantee this level of excitement and interest would exist and what the market would look like. Especially given the Trump election (his administration being 3 years in power by then).

The Gen2 R1 products are way over priced, that I have serious doubts if these are going to sell at a level to sustain any real profitability for the company. Tesla almost went bust before the first Model 3 rolled off the line. But Rivian is not in the same position Tesla was.

The best thing they could have done was, when they announced the R2, announcing they were starting deliveries by end of year 2024. They should have begged or borrowed capital to get the Georgia plant going and then moved the R2 production there to achieve this. Or reduce the Normal R1 production, so they can retrofit Normal to get the R2 production started.

Just like the Trump Election, no one can predict the future, so will just have to wait and see.

 

[SwampNut]

I saw an immediate reactionary jump in the amount of Musk Derangement Syndrome being expressed in online Tesla discussions, and people saying they want to go to Rivian or other brands. I have no idea how many WILL, because it seems like a whole lot of talk and vitriol. The reality of the costs and effort to suddenly change cars for no real reason is probably going to be more than people are willing to pay.

 

[Sparkland]

One likely impact with the new administration is the end of the EV tax credit. Get your EV with the tax credit while you can.

We leased 3 of them with the tax credits and manufacturer discounts. Although we certainly do not need another vehicle, I am thinking about getting one more now that I know the most important things to look for in one.

 

[Sparkland]

I saw an immediate reactionary jump in the amount of Musk Derangement Syndrome being expressed in online Tesla discussions, and people saying they want to go to Rivian or other brands. I have no idea how many WILL, because it seems like a whole lot of talk and vitriol. The reality of the costs and effort to suddenly change cars for no real reason is probably going to be more than people are willing to pay.

If the Model 2 actually comes in at an affordable price with good range, I am certain most consumers will push aside their hatred of Elon.

 

[SwampNut]

If the Model 2 actually comes in at an affordable price with good range, I am certain most consumers will push aside their hatred of Elon.

People do repeatedly prove that their principles have some price.

But Since Rivian has nothing in that price/car type, that's not really a comparison. I think Rivian is affected by the Model X and Cybertruck buyers, mostly.

 

[rraj2k81]

Agree with the gas prices and oil production. Just because someone says drill, drill, drill doesn't mean actual companies are going to do it unless there is more demand. And right now in Europe and the US oil demand is declining and will continue to do so. A president can't make a company extract more oil.

We have the same problem here in Canada. Oil provinces (Esp. Alberta) want to protect the industry and keep drilling and exporting without realizing global demand is declining. They even recently took a Protect CO2 Emissions pledge (I swear it's real) as part of a Conservative Party leadership Review, to protect the industry.

It's not just that oil demand is waning in Europe, but they also have a hard deadline for auto makers to go for some form of Battery Electrification by 2030. So all brands that sell there, have to adhere to them. Which means all the European and American brands who sell there have meet these deadlines. And eventually should be aligning their global productions to meet those deadlines, regardless if our govt's fail to meet them or not.

The Canadian Govt recently introduced an emissions cap resolution, and the Oil & Gas industry is already running ads saying there will be food lines.

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