Rivian CEO RJ Scaringe: Our core focus is driving toward profitability

[@aaammm1033]

Really want a rivian. I hope they stick around.

[@CarlitoswayDR]

Yeah but damn they need to find ways to get cheaper and efficient, scale up!!

[@datocosmico]

I am deeply convinced Rivian is a stock you should buy moderately if you can allow yourself to have some 'crazy money' in your portfolio; this company will either go bankrupt in the next 3-4 years or will massively, massively skyrocket in the upcoming 5 years, talking about ROI of at least 1000% if you buy now in the upcoming 5 years; I am buying some stock that I am willing to lose because I do think the bet is worth it.

[@hankkingsley9183]

What makes you think an automaker stock would skyrocket in 5 years? There is no past history to suggest that would happen, it's a pipe dream

[@wesleychapman9001]

@@hankkingsley9183 ever heard of a company called Tesla?

[@derek3524]

​@@hankkingsley9183No history of that happening? Have you heard of a company called Tesla?

[@TamaraGrace]

​@hankkingsley9183 you maybe right with gov wanting to phase out vehicles...

[@datocosmico]

@@hankkingsley9183 Yeah, Tesla the only pure EV in the American market above Rivian and therefore the best comparison 'didn't' go from USD 23 in 2019 to USD 280 in 2021 producing a ROI of 1,200% barely two years after, yeah, sure a pipedream

[@anthonybertolini6153]

He would be an interesting guest for Rogan's podcast.

[@lizbethhowington]

Agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

[@AndreAlbritton]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective and i will advice you consider a financial advisory for informed buying and selling decisions. Likewise myself i don't just put money in any stock without the advise of my FA

[@lizbethhowington]

Please who is the consultant that assisted you and if you don't mind, how do I get in touch with him?

[@AndreAlbritton]

Gabriel Alberto William is my financial advisor. I recommend conducting your due diligence with his full name-you're likely to find essential information online to help you schedule an appointment

[@lizbethhowington]

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[@rickhammond2473]

Tesla with Dojo

[@timber741]

Only negative answers here so far. 🤢He explained everything very well and after Q4 they will be gross positive .. i remain optimistic.about it 👍🤝

[@starshipcaptain4753]

He's a smart CEO I can't wait for the R2 and R3

[@grantrichter3904]

Hes an idiot who drove the company into the ground

[@qball66]

Our core focus is 'surviving!..

[@wesleychapman9001]

Rivian needs to get the R3 out next. R2 is basically an R1, but the R3 is completely different and I believe one of the best looking and most practical vehicles in Rivian's line up. I want an EV, but Tesla's are too bare-bone and the Cybertruck isn't my style. The R3 imo is Rivian's golden vehicle, and will do for it what the Model 3 and Y have done for Tesla.

[@hankkingsley9183]

Even if they release the R3, they won't sell much as it's a relative unknown and there is plenty of competition. VW will let them die on the vine and absorb their business, is my guess

[@wesleychapman9001]

@@hankkingsley9183 I don't think so. People want cool cars with excellent functionality - that's the R3 and the R1&2. Many people want an EV but won't buy a Tesla because they won't support Elon, and many other EV's aren't as practical as they appear nor are as reliable. I think Rivian has a real shot, especially being backed by VW and with some support from Amazon as well. We'll see though with Trump pulling the $7,500 tax incentive and him making gas prices more affordable. Out here in Southern Cali it seems 1/70 vehicles are a Rivian.

[@sa4769]

I’ll buy RIVIAN weekly - big 💰 in about 10 years from now

[@oscarvelarde5622]

Stop taking all the profit from the company and take a huge pay cut!!

[@diydad5067]

-92% from IPO is this a buy opportunity?

[@LourencoJJN]

Well is -92% is not then what is? This company definitely has potential

[@juanluria5011]

Rivian got to step up because Tesla is the main competitor right now. There’s place for both companies to succeed in electric vehicles but definitely the CEO’s got to take a pay cut for this company’s to do good.

[@GReid-ol5gk]

This interview didn't do much to inspire confidence...

[@stephanieborg6611]

The problem with companies like Rivian and Lucid is that they have engineers running the ship. These companies have more than enough capital to hire seasoned individuals from within the Automotive industry to right the ships. Their product is good (with Lucid so far their product is phenomenal) so you have built the better mousetrap. Now you need to get the sales up and cut the fat. You do not have the issue with Unionized labor costs so you have every advantage over the conventional automakers to turn a profit and as such should be taking advantage of this.

[@luckylenny]

Loss per vehicle... under GAAP... 3Q24 - $1.1 bill loss vs 10,018 vehicles sold... $109.8k loss per vehicle sold

[@Anthony-dj4nd]

💰 🔥

[@mullholand]

Rivian isn’t long for this world.

[@CoopMauKona]

Doesn't understand the first thing about manufacturing. What's the point of building and selling something at a substantial loss? Vanity?

[@LourencoJJN]

You sure about that buddy? You know the history of TESLA?

[@bertaglen]

After second review WOW!!! This fellow is the "Kamalot" of CEOs. He can't answer the question! "Without any of the $5B from Volkswagen deal, do you have enough funds to reach to R2?" Answer from RJ..."Blah, blah, blah (lots of hands flailing about), more blah, blah, blah." WTH dude! Here is how you answer. "Yes! we are financially positioned and have capital reserves to develop and grow the business to R2 before and after our deal with Volkswagen." Simple!!!

[@tuanho8367]

He is an engineer. Lol.

[@steak5599]

He talk about Supply Shortage. The reason for that is Suppliers are afraid of not getting paid, and they have been very cautious. Rivian and Stellantis are the 2 Automotive companies with a lot of red flags on them. Suppliers lost A LOT of money during the 2008 automotive crisis, they don't want to repeat that again. As for the 5 billion VW deal, they aren't getting 5 billion from VW in cash. VW is also in crisis mode too.

[@Silveer14]

Good luck with that, maybe if you sleep in the factory

[@rickhammond2473]

So true and even that not happening Musk almost went bankrupt within 2 weeks time that is how hard it is to produce EV's and with a PROFIT.

[@VeraBrandt-ln9po]

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

[@WebsterVissel]

How please?

[@VeraBrandt-ln9po]

Yeah, since meeting expert Debra, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.

[@VeraBrandt-ln9po]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@VirgoBurg]

She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.

[@Reynold-Kelly]

Alright thanks for the recommendation but how do I reach her?

[@kte1973]

a money-wasting environmentalist. Worst CEO.

[@Irontrader.Wallstreet]

A loss of 39k per vehicle this company will be gone within 2 yrs. Buy Tsla Stock

[@murkyturkey5238]

Yeah wtf 😂 shouldn’t even be a question

[@datocosmico]

Volkswagen thinks different,

[@Irontrader.Wallstreet]

@@datocosmico Time will tell but looks like you have another Kmart & Sears going on here - TSLA is the EV trade

[@fatcat9468]

TESLA BABY!!!!

[@bertaglen]

The Elizabeth Holmes of EVs. Or better, the Edsel of EVs. "Perfect design, beautiful lines, focus groups love it, high customer satisfaction"...BUT NO ONE IS BUYING IT!!!

[@weho_brian]

TSLA 💪💪💪💵💵💵