Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Vivek Ramaswamy pans Rivian’s expected $6B federal loan for Georgia factory
#11
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.
Reply


Messages In This Thread
Re: Vivek Ramaswamy pans Rivian’s expected $6B federal loan for Georgia factory - by sekker - 12-01-2024, 01:35 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)