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FYI, Tesla didn’t start turning a consistent profit until 2020. EVERY new manufacturer will lose money at the beginning. Rivian is not immune to that. Tesla was not profitable for 17 YEARS! Oh and by the way, Tesla is still $9B or so in debt.Well you could just read a financial statement to see that the company is materially struggling.
Good point on a lease, that may be the way to go.
I heard the same in 2016 with my Model S, came really close trying to get the Model 3 delivered but they managed it.If you rely on YouTube videos to steer your financial decisions it's likely most of them will be poorly guided.
But as with many here, I heard all the same stuff when I got my 2014 Model S. People said I was dumb the company would fail etc etc. Rivian is building great products and currently has great brand loyalty and awareness. I don't think they will fail any time soon.
Tesla also has $30B in cash and is profitable. Its survival is not really in doubt any longer.FYI, Tesla didn’t start turning a consistent profit until 2020. EVERY new manufacturer will lose money at the beginning. Rivian is not immune to that. Tesla was not profitable for 17 YEARS! Oh and by the way, Tesla is still $9B or so in debt.
There’s really no point in comparing the two companies as the economic & EV environment are so dissimilar during the rise of each company that is a futile exercise to find any valid worthwhile comparisonFYI, Tesla didn’t start turning a consistent profit until 2020. EVERY new manufacturer will lose money at the beginning. Rivian is not immune to that. Tesla was not profitable for 17 YEARS! Oh and by the way, Tesla is still $9B or so in debt.
Actually its worse. Their net is $19B in debt as of EOY 2023.FYI, Tesla didn’t start turning a consistent profit until 2020. EVERY new manufacturer will lose money at the beginning. Rivian is not immune to that. Tesla was not profitable for 17 YEARS! Oh and by the way, Tesla is still $9B or so in debt.
Rivian will survive as a company, they can issue more stock. They can get into bed with another company, or they can lean on a credit facility…the company stock will suck If these things happen. But the company and products will still be a reality. Rivian products are real and hitting the streets by the thousands every month. I’m seeing more and more of them in my area far from LA or the NW. When R2 hits Rivian’s will be everywhere.I’ve found a Launch Edition R1T exactly as I’d spec it and have negotiated the dealer down to a price I’m happy with. Then… last night I started watching YouTube videos about the financial health of the company and it really has me reconsidering whether buying any Rivian is a good idea.
First video I watched:
And then the sequel:
Tldr; basically Rivian loses money on every car produced. They have blown through most of the cash they raised in their IPO, and the stock is now down 90% from IPO. Given demand concerns, high interest rates, and questionable ability to raise more money… it looks like Rivian maybe has 2 years left to live.
I’m curious how other owners have thought about this risk, and if you made the purchase how you rationalized the decision. If the company went bankrupt it would be near impossible I imagine to get it serviced and of course the value of an expensive car would tank.
A penny for Rivian Forum users thoughts?
The net debt is negative. That’s a good thing! Read the last line. This is a weird way to graph it, I will admit, so I can see why it would be confusing.Actually its worse. Their net is $19B in debt as of EOY 2023.
Oh hahaha. What a terrible graph. This is actually showing they have $19B and no debt once everything is netted out. So it’s positive. Good catch!The net debt is negative. That’s a good thing! Read the last line. This is a weird way to graph it, I will admit, so I can see why it would be confusing.