General EV Conversation
Lexus Fanatic
Joined: Sep 2010
Posts: 25,911
Likes: 4,269
From: Alberta
if any chart belongs in r/dataisugly it's that one. Rivian's been shipping cars since 2021. Tesla has been shipping cars 2012 (gen 1 roadster excluded). Economic conditions have substantially changed from 2012 to 2021 and I'm not surprised to see FCF or net profits to be much worse than Tesla at similar stages of their launches. If RJ is able to get a gross profit in Q4 I'll be pleasantly surprised. Is their cash burn going to continue to be an issue? Absolutely! They're running 2 lines (EDV & R1) and are going to work on the R2 line. But they've locked in an additional 12B in funding, have been steadily cutting their losses each quarter, and have 2 really good products on consumer market.
More competitors now, material prices are up, financing is more expensive
Lexus Fanatic
Joined: Sep 2010
Posts: 25,911
Likes: 4,269
From: Alberta
your chart is looking at FCF. FCF will be impacted by higher material prices. You can’t say well Tesla did xyz in their first 10 years without looking at material and borrowing costs in that time period
On my way to MA and currently charging at a Tesla SC. Interestingly they have magic docks but have them disabled right now. I charged here the last time I was in the area and used the MD.
Drive so far has been brutal on efficiency. Slight uphill most of the way here and temps in the mid to high 30s. I was running sub 2mi/kWh for the bulk of it even keeping it at 5-10 over the speed limit. Last time I did the drive I made it to this charger with ~25%. Today it was 9
Drive so far has been brutal on efficiency. Slight uphill most of the way here and temps in the mid to high 30s. I was running sub 2mi/kWh for the bulk of it even keeping it at 5-10 over the speed limit. Last time I did the drive I made it to this charger with ~25%. Today it was 9
Lexus Champion
Joined: Apr 2019
Posts: 11,053
Likes: 1,536
From: FL
On my way to MA and currently charging at a Tesla SC. Interestingly they have magic docks but have them disabled right now. I charged here the last time I was in the area and used the MD.
Drive so far has been brutal on efficiency. Slight uphill most of the way here and temps in the mid to high 30s. I was running sub 2mi/kWh for the bulk of it even keeping it at 5-10 over the speed limit. Last time I did the drive I made it to this charger with ~25%. Today it was 9
Drive so far has been brutal on efficiency. Slight uphill most of the way here and temps in the mid to high 30s. I was running sub 2mi/kWh for the bulk of it even keeping it at 5-10 over the speed limit. Last time I did the drive I made it to this charger with ~25%. Today it was 9
Lexus Champion
Joined: Oct 2019
Posts: 19,428
Likes: 3,656
From: California
Lexus Fanatic
Joined: Nov 2011
Posts: 35,273
Likes: 305
From: ON/NY
https://www.msn.com/en-us/autos/news...de/ar-AA1uVMb1
Last edited by Toys4RJill; Nov 28, 2024 at 05:43 PM.
Lexus Fanatic
Joined: May 2012
Posts: 67,892
Likes: 3,830
From: Maryland
Very interesting thing I have noticed. This post does not invite political commentary… I have several left leaning friends on FB that have started posting anti EV propaganda, and several right leaning friends who have recently bought Teslas. Elon Musk as a political figure is the differentiator. Just an interesting observation.
Lexus Champion
Joined: Oct 2019
Posts: 19,428
Likes: 3,656
From: California
Very interesting thing I have noticed. This post does not invite political commentary… I have several left leaning friends on FB that have started posting anti EV propaganda, and several right leaning friends who have recently bought Teslas. Elon Musk as a political figure is the differentiator. Just an interesting observation.
Lexus Fanatic
Joined: May 2012
Posts: 67,892
Likes: 3,830
From: Maryland
Your observations are accurate, although many left leaning have turned more anti Tesla than anti EV. On the Polestar forum for example, most are left leaning, and you can't mention Tesla without the post turning into a big argument. You can discuss any other EV, no problem
My neighbor who has the Ionic 5 also will not consider a Tesla because of Elon. Again, very liberal.