12-01-2024, 01:35 AM
Rivian loses nearly $40,000 on the sale of every vehicle in Q3 - not counting R&D. This is cost of goods vs sold price.
The $6B will fund the sale of another 150,000 vehicles.
As I've noted on MRF before, Rivian has less than a 50:50 chance of being in business in 3 years.
I think their trucks look good - and I'm sure they drive great as they as an EV.
And I absolutely think we need real competition in the US market.
But Rivian sure smacks of being a bad business.
https://www.investors.com/news/rivian-st...ast%20year.
The $6B will fund the sale of another 150,000 vehicles.
As I've noted on MRF before, Rivian has less than a 50:50 chance of being in business in 3 years.
I think their trucks look good - and I'm sure they drive great as they as an EV.
And I absolutely think we need real competition in the US market.
But Rivian sure smacks of being a bad business.
https://www.investors.com/news/rivian-st...ast%20year.