General EV Conversation
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
Pretty bad. I don't think they are going out of business, but they do need to raise cash, slowdown burn. Not being an expert, I'm only making an educated guess
Lexus Fanatic
Joined: Sep 2010
Posts: 25,962
Likes: 4,291
From: Alberta
Rivian was losing $32,500 per vehicle but that went up to $43,000 in Q1 2024. They are counting on the R2 to push them into profitability how they plant to do that exactly don't know. R2 supposedly will start at $40,000 and be profitable for Rivian that will require a dramatic decrease in production cost.
R2 is a 2026 vehicle I think it's very obvious Rivian will soon be trying to raise more money.
R2 is a 2026 vehicle I think it's very obvious Rivian will soon be trying to raise more money.
Lexus Champion
Joined: Apr 2019
Posts: 11,198
Likes: 1,582
From: FL
I AM rooting for Rivian!
Rivian was losing $32,500 per vehicle but that went up to $43,000 in Q1 2024. They are counting on the R2 to push them into profitability how they plant to do that exactly don't know. R2 supposedly will start at $40,000 and be profitable for Rivian that will require a dramatic decrease in production cost.
R2 is a 2026 vehicle I think it's very obvious Rivian will soon be trying to raise more money.
R2 is a 2026 vehicle I think it's very obvious Rivian will soon be trying to raise more money.
What doesn't make a whole lot of sense to me is waiting until Georgia is up and running before bringing the R2 to market. Plant in Normal should have capacity to build the R2 but I guess they don't want to build the line in 2 places. March 7th is going to be very telling of their future.
Anecdotally, I'm starting to see a lot more Rivians aside from mine out and about. Product aside they need to get service stations out there to start delivering outside of the coasts
Lexus Fanatic
Joined: Sep 2010
Posts: 25,962
Likes: 4,291
From: Alberta
Anecdotally, I'm starting to see a lot more Rivians aside from mine out and about. Product aside they need to get service stations out there to start delivering outside of the coasts
(don't shoot the messenger 
)
one interesting point in the video is that earlier on people bought ev's as an additional car.
now a load more buyers are trading in a car to buy an ev.
another point is 2/3rd ev's sold are tesla, and other brands are having a major hard time because of all the tesla price cuts.
)one interesting point in the video is that earlier on people bought ev's as an additional car.
now a load more buyers are trading in a car to buy an ev.
another point is 2/3rd ev's sold are tesla, and other brands are having a major hard time because of all the tesla price cuts.
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
(don't shoot the messenger )
one interesting point in the video is that earlier on people bought ev's as an additional car.
now a load more buyers are trading in a car to buy an ev.
another point is 2/3rd ev's sold are tesla, and other brands are having a major hard time because of all the tesla price cuts.
https://youtu.be/oDFS6gfDV7k
)one interesting point in the video is that earlier on people bought ev's as an additional car.
now a load more buyers are trading in a car to buy an ev.
another point is 2/3rd ev's sold are tesla, and other brands are having a major hard time because of all the tesla price cuts.
https://youtu.be/oDFS6gfDV7k
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Lead Lap
Joined: Sep 2020
Posts: 3,958
Likes: 409
Saw recently my neighbor has an EV 9 and a C7 Vette. EV 9 parked in the garage but they have the charger mounted outside the garage
Lead Lap
Joined: Jul 2007
Posts: 4,484
Likes: 626
From: SC
Probably doesn't apply to anyone here but just in case, small number of Lightning's have loose nuts on high voltage cables.
https://twitter.com/DriveTeslaca/sta...07099819688387
https://twitter.com/DriveTeslaca/sta...07099819688387
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
Initial R2 specs have leaked
- Starts at $47,500
- Up to 330 miles of range
- As fast as 0-60 in 3 seconds
- About the size of a Rav4 / CR-V (185.6 inches long, 84.4 inches wide at the mirrors)
