Rivian CEO RJ Scaringe: We will be positive gross margin by Q4 2024

[@CryptoMisfit]

I buy $100 of rivian every 2 days. 🤫 the company is doing its due diligence and not rushing anything. #1 rated brand! Gotta stop selling that news!

[@daveveloz]

Heck yes!!! I keep adding to the stock pretty much weekly!

[@royn8032]

I agree and I live close to Irvine so know their HQ. They are a steady 100% USA company unlike Tesla

[@himanshusoni528]

What percent of overall index rise is due to the sole reason of tremendous increase in awareness and avenues to invest in stocks, whole or fractions?

[@user-vw6mu8gt6c]

they are being ass kicked by all those Chinese EVs. The only reason they are alive because of US does not allow Chinese EV selling. Rivian has no future across the globe.

[@daveveloz]

@@user-vw6mu8gt6c The only reason why Chinese EVs undersell American is because Chinese automakers can work their people to death and it's not a problem. We are competing with foreign companies that literally grind their employees to dust without any regard.

[@Michael-wy7om]

I have owned 8 trucks before the R1-T and have owned my R1-T for almost 2 years and I am still amazed everyday and would absolutely recommend. The other trucks I’ve owned can’t even be compared to the R1-T. I wish I could have bought 30 years ago, instead of all the other trucks! 😊

[@Michael-wy7om]

Also we forget that Tesla took 17 years to finally turn a profit, but we expect Rivian after 3 years to be profitable while building the biggest vehicle manufacturing plant in the nation in GA.

[@royn8032]

100%

[@sumitroy3483]

Tesla always have gross profit margin. But rivian losing 47000 dollars in every car they sell.

[@BoxOfOranges84]

Tesla had the benefit of ZIRP during its growth stage. Rivian does not

[@jeffcann9159]

I never knew Steve-O was CEO of Rivian.

[@holdawg]

Me neither…who tf is this clown? “We got the gross margins that match the cogs with the brand recognition” he sounds like a boomer pretending to be a Gen Z

[@thesadboxman]

3:49 That was a loud gulp after he said they'd be positive gross margin by end of this year. Bad sign?

[@method341]

He knows his time is up.

[@Decordinho]

haha I noticed same thing :D

[@leonardogranic-flores1860]

That was the loudest gulp ever recorded holy crap lol

[@mattclark1111]

Literally jumped to the comments as soon as I heard that lol

[@ad_solaris]

You idiots read into things too much

[@targetpace2680]

That last question needed a be answer

[@UltimatePokeGamer7]

It’s going to be a rocky road for the next year but it’ll get better. We’re in 2019 Nvidia territory. We’ll get to EVs from 2026 onwards.

[@weirdshibainu]

Not until battery range dramatically improves.

[@method341]

😂😂😂😂😂😂😂

[@andreavenaa]

@@weirdshibainucharging infrastructure is more important.

[@weirdshibainu]

@@andreavenaaNope. E'V.s are a step backward, limited by the physics inherent to batteries.

[@moonahmed7834]

Charging infrastructure is important but rivian is adapting to teslas charging infrastructure. They will be able to use Tesla supercharging network

[@aberhan7984]

He said gross margin.

[@prajwas2004]

I bought a ton of stock today. I can't afford the high end one but those who own it.. like it a lot. Hopefully the repair costs can be brought down

[@method341]

Just keep buying until $0

[@sophiec3592]

Believe me when I first brought tesla stock, it was crazy and he’s right taxes is not helping but I’m sure the government goal and policy will have to change for EV as 2030 is their goal.

[@Bren39]

It'll be worth half a ton by the end of the year. Every quarter this guy has an excuse and tells us all good in 3-4 quarters. Ever hear of fool me once..

[@28000mpc]

@@sophiec3592 Did you actually mean you BOUGHT $RIVN today? The good thing is that your bag holding days may be not that long.

[@sophiec3592]

@@28000mpc we’ll have to see.

[@rampage2587]

I've been seeing their trucks more and more. I saw two today and 3 others this month. 3 last month. And a few a month since the beginning of last year

[@rampage2587]

@@PistacchioIceCreamSucks they're nice looking units.

[@Kaodusanya]

The problem is they lose money on every single vehicle they sell they lose billions every quarter, and then more they sell them more they lose they don’t seem to be able to scale like Tesla did

[@jonn8341]

Invest in Ford ... More Ford's vehicles on the road.

[@himanshusoni528]

What percent of overall index rise is due to the sole reason of tremendous increase in awareness and avenues to invest in stocks, whole or fractions?

[@Random.Adventures.]

Cant wait for Rivian to be an amazing company with positive margins. Cant wait for R2!

[@ronkonkoma4223]

I doubt that. That pickup truck is a disaster! The SUV is ok but way too expensive.

[@holdawg]

How gross you want those margins??

[@holdawg]

“Why are you geh”

[@thegoldenheart6112]

What’s going on I Just woke up and I saw my portfolio holding my Rivian stock is down about $10,000 😑! Don’t be discouraged by the news, Rivian is EV Market changing and gold, so thank you Alan musk for promoting the company and challenge accepted rich boy.😅😤

[@maxximilianm3752]

So what's ur av?

[@giorassiccuriosity3179]

same here! I got heart about to explode

[@thegoldenheart6112]

It’s all matter of time 🎉

[@joustindarmanta4011]

What avg price?

[@thegoldenheart6112]

I had to buy another 2000 shares so I think average price cost now is $12.89. I have 3000 shares right now!

[@miked4184]

Honestly I don’t think his main focus is keeping shareholders and talking heads happy in the short term, quarter by quarter. I think his main focus is doing whatever he can to make Rivian a lasting company that will make it out of the fire and become a staple for decades to come. There are going to be a lot of bumps in the road getting there and they need to keep their eyes on the prize. Great guy, great trucks, I’m pulling for them.

[@ploppill34]

The company will go bankrupt within three years😂😂😂

[@Alen1984]

This is very good long term buy and hold business.

[@jbr555s]

He's not good at talking under pressure BUT he's brilliant! Look up his résumé. MIT PHD Its AMAZING!! I'm very confident in him. I have 4 vehicles, Tesla model S, Volvo SUV plug-in hybrid, Ford F250 diesel and a Rivian R1S SUV. The Rivian hands-down is the most amazing to drive road trips around town it's incredible how it rides and drives and the service I once had to use was amazing!

[@stephengneri2136]

I know a couple of folks that went to MIT. doesnt mean they are a genius.

[@jbr555s]

@@stephengneri2136 true! just because you go to MIT doesn't mean you're a genius but it definitely doesn't mean you graduated the bottom of your class. I do think RJ Scaringe is a genius. But ultimately only time will tell.

[@mhsohel47]

​@@jbr555s Genius is excessive. He doesn't innovate anything to give automotive business. He just brings a good product using other tech and supply chains with a huge amount of money in hand. He does time the market of stock offering and raise money in EV Bubble in 2021 I will give you that. Stock is down 97% from all time high. 😅

[@peej91]

They have a great product. And that’s what sells!

[@SamAung-dz8tn]

Imagine if they tried to sell it for a profit. Those saying "great Product" are going to say it's an overpriced car for 130-150k.

[@ploppill34]

But it’s not selling because it’s not a great product😂😂😂😂😂😂😂

[@ploppill34]

Their stock only went down 12% yesterday😂😂😂😂😂😂

[@holdawg]

Did you buy it though?

[@peej91]

@@holdawg the r2 is already pre ordered out

[@GarbageDanks]

I think this is time for Rivian to shine. its at the moments when you hit the bottum is when you make the changes to get back up.

[@thokozanimabena9964]

Please note doing this work and running a ship like Rivian is very hard but, I have faith in RJ no matter what!

[@linkin06]

Sure people might say they’d buy a rivian again, but I doubt someone is actually dropping an additional 80k

[@Bren39]

Hardly anyone BUYs the car. I read somewhere that 49/50 sales were leases. All these cars coming off lease in about 1-2 years.

[@LKR-vt9uf]

Not buying another Rivian.

[@Derkaramma]

I would buy a second.

[@lakshnaramesh9733]

People who already own rivian don't need to buy again The new customers r more than enough to give the stock a strong comeback, but it might take some time But definitely it will

[@esquiredan2702]

I know a good handful of people who have two Rivians. I’ll probably replace my Tesla with a second Rivian once the Tesla’s past its prime.

[@hansolyoon1074]

Im interested in seeing how much their q2 factory shutdown will impact gross margins on their vehicles. Ive been watching this company since its IPO but the company's cash burn & tesla have been turning me away. However, i do think they have an amazing product and for whatever reason, i just think theyll figure it out and survive through this manufacturing hell.

[@hdmat101]

Do you guys think I should buy Rivian stock because they’re so low and may rise in the future ?

[@time-a-tell]

Yes

[@MrSande]

Idk I’ve lost roughly 200 i dollars but it would hurt too much to buy a couple. I’m just curious if they’ll make it

[@giorassiccuriosity3179]

this time would be perfect time to buy, i am not sure if you will see it at this price again. Or I could be completely wrong 😢

[@j4k3br4k3]

yes its a buy

[@time-a-tell]

@j4k3br4k3 my average cost is $15 think I will get it to $14 then see where it goes from here

[@UrvishShah03]

Good he showed up. But clearly he is under lot of pressure. His answers did not match the questions. It’s looking more and more tougher for Rivian. Crucial next 2 years. Hoping they could make it as Rivian has fantastically built quality cars.

[@mullholand]

Can someone tell me how he can say Rivian has the best selling EV in the premium segment... There is no way they sell more Rivians than Tesla S / Xs.... Or am I missing something?

[@sashavickers3800]

​@NudeDragons you comparing BYD SALES WITH TESLA?

[@kriskalpa]

Tesla are premium. @@NudeDragons

[@RollinwithFrank]

@@NudeDragonsLucid is a joke of a company…any CEO that looses billions a year but still pays himself 469 million is a clown…probably the reason he left!! And Tesla is premium (X&S) and the Y & 3 are cheaper but still think they are premium. It’s all opinion at this point.

[@BasementTracks]

@@NudeDragons Model S is absolutely premium. I used to have a BMW and the Model S runs circles in everything. Seats are amazing, best infotainment system in the market, OTA, insane performance, slick interface, etc. And no Rivian does not outsell Model S/X. They are only counting US. Worldwide S/X sells more.

[@chintandobariya472]

Clear cut focus- Net gross positive by Q4 2024. I support this goal. Achieve it or die.

[@Cesco_S]

Really want him to succeed, good time to buy the stock this year for long term. Great product.

[@ploppill34]

The company is doomed the stock is going down😂😂😂

[@Cesco_S]

Bear alert 😆

[@holdawg]

“Got that caped from a cogs point of view locking in them gross margins” - CEO (who tf is this guy?) of Rivian

[@RHill40]

I would love to have a Rivian, but I can only afford the matchbox at the moment. Bought one for $7.99 today.

[@mancave310]

Same price as it's stock

[@cryptomatic4520]

Is this guy a capable ceo

[@rupeshmore85]

100%, a true engineer at heart

[@Scottiedowawa]

Almost EV manufacturer is looking to introduce lower priced models. They need to. EVs were essentially luxury cars based on their price points. They sold well because of their inherent electrical benefits and low interest rates. Now the interest rates are 3 or 4 times higher, it's reduced the demand significantly. Time for models at prices the mass market can afford.

[@Southsidelion514]

I want Rivian to make it but after hearing this CEO speak, I’m not confident. You want to invest in leaders and he speaks like a politician that avoids questions

[@awbzville1495]

Amazon and others investing in Rivian fleets thats the game changer load up stock!

[@handmeadozenbeers8655]

It's $85,000, how many did they think they would sell?

[@handmeadozenbeers8655]

@@PistacchioIceCreamSucks Rolls Royce builds their cars on order while Rivian does not. Sounds like the target audience IS everyone.

[@holdawg]

@@handmeadozenbeers8655you ok bro? Or you talking to yourself?

[@handmeadozenbeers8655]

@@holdawg they deleted their comment

[@luket4806]

Rivians look awesome. I really hope they sort it out. I just don't think it will be possible.

[@holdawg]

Thanks, but we have Fisker at home.

[@majidfarahani1107]

Good interview good questions. However, did RJ understood those questions?

[@Kaodusanya]

He avoided them

[@DMC_vlogs]

Keep it strong RJ! You're gonna get there! Rivian just needs a bump in sales and production units and costs will break even in future! No company starts making profits as soon as they start and this company is delivering products faster and better than Tesla, just look at the cybertruck - completely overpromised in 2019 and only now they've started delivering units at double the price with lower range and towing capacity.

[@HawaiianKong]

"Are you confident you'll have enough capital to make it to the R2?" "We're incredibly excited about the R2". That was a Matrix dodge there

[@pamjones6015]

Why did you not take Elon Musks advice given way before our lands here were destroyed. He said RIVIAN needs to get theIR FIRST PLANT in ILL up to production, before thinking about building an additional one in another State! ?

[@HawaiianKong]

I'm no expert on body language, but it's hard to be confident in Rivian after watching this.

[@chrisacevedo8456]

The only EV stocks to buy, TSLA & BYD

[@rouzbehamirazodi3001]

Wrong buying Tesla means buying Elon not EVs. And Elon is a human.

[@ocampbell1954]

I wouldn't buy any Chinese stock with that government

[@002tar]

Elon is a human? You sure?

[@rouzbehamirazodi3001]

@@002tar Yes he is as human as the worst one of us. as flawed as corrupt as manipulative as non original as most.

[@ploppill34]

Their stock only went down 12% yesterday😂😂😂😂😂

[@roveriia6334]

The one person getting rich from Rivian. Should you believe him? What sacrifices is he making?

[@halfman7869]

In the business school, they teach the Price can't be a competitive edge, but the Quality has to be. I am sure Rivian will weather 2024 and R2 will be more successful than model Y. Can't wait till March 7th.

[@Kaodusanya]

43,000 per car is insane. They’re literally losing enough money to buy a model Y.

[@markhurley7371]

I was 140,000 loss in q3 of 2022 where the stock price was much higher

[@maxximilianm3752]

These people won't understand. It's supposed to be in neg territory quarter by quarter they will definitely adjust it to positive territory

[@luckylenny]

Rivian's gaap loss is $107.4k/vehicle. Rivian's situaion is beyond dire. in 4Q23, Rivian delivered 13,972 vehicles and reported a gaap loss of $1.5 bill. Rivian lost $107.4k per vehicle. Rivian needs to sell its cars for around $200k+ just to break even on a gaap basis. Almost impossible. And why Rivian is headed for certain bankruptcy

[@jbjab99]

Not if someone steps in and buys them. I could see a big player move in and buy them up.

[@markhurley7371]

Only idiots are 100% certain of anything in the future

[@Woter_X]

3:49 wow what an amazing gulp sound affect

[@gerza001]

Jeez he didn't directly answer a single question the interviewer actually asked

[@PistacchioIceCreamSucks]

When has a politican or CEO or president of any kind in the history of power and position EVER answered a direct question?

[@Bren39]

@@PistacchioIceCreamSucks this is an indicator of either comprehension or evasion. I don't think it's the first. This stock is cooked..

[@PistacchioIceCreamSucks]

@@Bren39 Agreed. Its evasion. I cant quite remember the word but theres a description of a CEO-Investor dynamic. CEO must lie to achieve desired results without having the proper backing which would not substantiate if he didn't lie in the first place. CEO has one goal, investors have the same goal but both have a different perception of how it should be accomplished. Scaringe is in the exact same phase that Tesla was a few years ago. Everyone has clearly forgotten Teslas early days, from dumping ice into an overheating car to its slump in sales and extensive cash burning. Rivian is right on track with Teslas history.

[@Bren39]

@@PistacchioIceCreamSucks the huge difference is that Tesla never sold cars below cost and were also lower priced. Rivian sells cars thousands under cost and the loss will increase with R2. Having build issues and nonsense business models are two different things. Rivian will not be around in 2026

[@KB_theauthentic]

It's a skill

[@HRAHMAN91]

They have a great product which they invested lot of time and money to ensure its quality. Best EV stock to buy in my books

[@sumitomoO0O]

After this interview I decided not to buy RIVN shares, because the CEO shows zero confidence, he is not answering the questions, and he almost choked when he said getting positive gross margin. It felt like CEO knows this ship will inevitably sink and he tried hard to cover that with his legally acceptable scripted answers to the questions

[@user-vw6mu8gt6c]

Do they dare go to international market?

[@roveriia6334]

Rivian workers why would you stay? If you tried to work for Tesla and settled from Rivian maybe look at semi conductors I understand there is a lot of Fabs being built new Casa Grande. Good luck I wish you well but this RJ person is running this company in the ground while getting rich off your backs.

[@vicchris3943]

Tough question for him

[@DougGrinbergs]

1:19 Rivian CEO apparently sucked at elementary school English class😅

[@abracadabra42]

Improve the range man.. ppl would buy EVs if the 'real range' in all weather conditions is not less than 400 miles, anything less is a deal breaker. You need to hit the the inflection point before you go bankrupt.

[@BarronChannel]

That massive gulp after declaring positive gross margin by Q4 though 😅3:48

[@Dobrianhy]

😂

[@Vy_tran75]

He’s said Rivian is the best-selling EV’s 😂

[@weho_brian]

stop selling 80k plus EV trucks. You lose 60% the range when you tow and you can't even charge it

[@weirdshibainu]

True. But most city trucks aren't used for towing.

[@chiquita683]

​@@weirdshibainuMost people in the city dont have a home that they can charge at. Apartment buildings dont have parking lots in big cities either

[@weirdshibainu]

@@chiquita683 It's the range limits of batteries that are hurting E.V.s

[@greentransmission]

@@weirdshibainuwho needs to drive 300 miles without a break. You charge the vehicle while you sleep, never having to go to a gas station. So over a year you save a lot of time not being at a gas station once or twice a week. I’ve had a 2013 Nissan Leaf for 5 years and have not had to do any maintenance on it (just a set of front tires) and it’s a dream to drive. I wake up in the morning and it’s warmed up and defrosted and I unplug it and head to work. Give it a try, you won’t go back. 😊

[@weirdshibainu]

@@greentransmission Ever heard of road trips? Why do you think Hertz dropped e.v.s? Cold weather reduces travel range. Ever heard of winter? Great that you can charge at night, but what about people in apartments? Condos? Tech is suppose to make life easier, and e.v.s in their totality is a step backward

[@ilovmusic22]

Time to buy! 😂

[@2023gainer]

Global Investors Loading the EV sector Dips This week. FSR . Fisker. Ocean Suv EVs with Unique features, 45 K reservations, increase in Dealerships in France, Switzerland and US...RIVN..27 % Dip... Lucid 21 % Dip...Xos Trucks... Polestar... Lillium..EVTL, more.

[@theodorehaskins3756]

What I find interesting is that I have never seen a Rivian, not a single one in my town, and we’re a city of more than 1.5 million people, and I see Tesla cars everywhere, and not only that, I drive a Tesla, but I have never seen a single Rivian on the streets or the highways, near where I live, nowhere have I seen a Rivian. So how can Rivian be outselling Tesla?

[@joesmith3908]

I saw 3 on the road yesterday during a 20 minute drive

[@adammorrar170]

I seen 4 around my suburban area outside of Chicago

[@theodorehaskins3756]

@@joesmith3908 Excellent! So I’m not out there that often anymore, because I’m retired now, and so I don’t have an outside commute on a daily basis, but because I drive an EV, I’m very focused, and keenly aware of how many people around me are driving electric cars, and I’ve seen the Hyundai Ionia 5, lots of them, the Ford Mustang Mach E, and I recently saw what I think was the Cadillac Lyriq, but I’ve only saw one of them, and so I live in a gated community of over 1000 people and I’m the only resident that drives an EV. So there’s a lot of people in the marketplace that will eventually make their next purchase an EV, and I have no doubt about that, because of the number of people who still ask questions about how good are they? The range, and how long it takes to charge. So all the basic questions that you would think by now most people would just know, but they don’t. They simply don’t know and my car the Tesla M3 is an absolute stunner. I mean it really amazes me that after all these many years, people still can’t get enough of just checking out that car, and I know because I’ve got a lot of them on my dash cam. Cheers 🥂

[@fakecake6776]

Because you blind?

[@theodorehaskins3756]

@@fakecake6776 Now that was uncalled for! So do you have anger management problems?

[@scorpiofrancis1119]

The EV market is not going to take as much market share, like some believe it will

[@lock2434]

They have to lower vehicle prices to reach a wider audience. Tesla knew it couldn’t last in the luxury market and brought a line of cars or downgraded existing models to the same price of Prius. Put out a bare bones model at around 24k-27k. Come on guys 😅

[@pamjones6015]

Has RJ considered cutting his salary and the new raises he gave himself, in light of these shocking reports, abandoning their factory in George and whzt he’s doing to his employees? I mean come on $1 million dollars a year plus 100.% annual salary match. 😡

[@TrungPham-kp5nl]

Sounds great. Let's continue to prove that people would buy our cars that are much more expensive to make than the price we charge, something perhaps has never been proven before.

[@eskay231]

why wouldnt someone want to buy an awesome car thats cheaper for the consumer than manufacturer? whats your point? Is your point that theyre losing money? If so.. have you heard of Tesla.. or idk a million other companies that were losing tons of money before becoming profitable.. are u todded?

[@ZOmbIEkiller583]

1 year is a long time, rough patch for Evs in general still a bright future!

[@itisim]

Not really young man

[@ZOmbIEkiller583]

well look at the Q423 and you'll see that a lot can change in 1 year, hope you have many to come 😉

[@itisim]

@@ZOmbIEkiller583 it will be alright its not end of the world

[@predictivesolutionsltd9662]

Hydrogen is the future

[@ZOmbIEkiller583]

@@predictivesolutionsltd9662 the future of the future maybe

[@edgarcorrado]

Not 70 more like 95 thousand

[@L_E_G_E_N_D_1997]

And what about Teslas Margins

[@cwilsonyt]

In California, auto breakins are at a ridiculous level. This is especially true in the Bay Area and LA, where incomes are relatively high and EVs are popular. Many of those people can quite easily afford $95k electric vehicles. EVs are expensive, and car thieves know that. Having a contemporary high priced EV makes you a target for at least a breakin, but even a carjacking or robbery. Unless you can afford a security detail, you don’t want to be driving around California in a $95k electric vehicle, even if you could comfortably afford it.

[@enovationsgr]

It is funny how people supposedly against internal combustion are happy to keep BURNING cash on these uprofitable EV companies

[@sumitomoO0O]

He doesnt asnwer the questions and dancing around...too bad he is not sincere

[@ziddi2603]

A huge Thank you to Rivians crappy earnings! I made a TON of money shorting your stock today!!!!! By FAR my best trading day this month. 🤣✌👍

[@theodorehaskins3756]

So it’s news to me that Rivian is out selling Tesla! So where did he get that information? And when did that change occur?

[@JordanSolomon]

Their SUV R1S outsold the Model X in the US. They don't have anything that competed with Model Y yet.

[@theodorehaskins3756]

@@JordanSolomon Touché! So I am happy that they’re in the marketplace, because quite frankly, Tesla has no real competition, I mean they’re so well positioned in terms of talent, money, knowledge, and skill sets, that they can truly conquer the entire market by themselves, and that’s not a good thing, cause I believe in competition, I think competition makes everyone in the business that much better. So kudos to them, if they can really make their company grow, and compete for market share with anyone, including Tesla in the marketplace today, and beyond, because the marketplace is still quite large, as the last estimate I heard in terms of just passenger cars is somewhere in the billions, so there’s a lot of passenger cars out there we need to replaced, if we’re ever going to get to a net zero carbon emissions free world. Cheers 🥂

[@erikdenny3473]

Look at this his face the whole interview. They are done. They have no deep pockets to save them like Lucid.

[@stephengneri2136]

Paradise is never what it seems when you finally get there. Waiting for the positive gm. Thats about 10 more months. The price of the 2024 Rivian R1T starts at $71,700 and goes up to $82,850 ... plus T&L. not for most !!!

[@Nickgyw6]

I like how the CEO couldn’t answer the last question directly. Hard pass on this company.

[@Bren39]

It's an easy pass. Has many issues. No one talks about the fact that the ev market is limited especially at this price point, also in about a year.. Thousands of rivian cars will be coming off leases. I read somewhere that almost every sale is a lease.. No one is buying it.

[@saz5102]

Should raise cash immediately

[@xpkareem]

I don't understand the resistance to saying you might have to raise money to expand the business, that's part of business. The more important part is if you can make more from that cash than it costs you, not that you have to raise it.

[@ourv9603]

HOT DAMN!!!! Thats what we want to hear! Rivian builds a good product their customers wont shut the hell up about how great they are. Rivian deserves to suceed. !

[@scotthanford9619]

Costs way too high. They’re in trouble.

[@TrevX2001]

2026 a $50K price point gets them in the Model Y territory and I’m afraid that won’t be enough. The scariest thing is, to make this R2, it’s clear they’re going to have to capital raise while the stock is down 20%. Dilution at these levels makes me weary of picking up shares. Positive in Q4 is a stretch but they were there directionally. Slowing revenues does not help. I don’t know… I’m indifferent on this one. Upside doesn’t seem to be tremendously high, at least not in the next couple of years.

[@whatdoesnt]

Model Y is now $35k after instant point of sale $7500 tax deduction 😂

[@z135210]

Even his very first statement is a lie. No we've not see "historically high interest rates".

[@Emslander]

I’ve heard that undelivered rivians are filling parking lots in Bloomington, where they’re built. Unsold?

[@nuclearblackhole]

100% this guy is gone at the end of the year. After this summer, this man is toasted. 😂

[@mariajiao4855]

Wait until BYD gets into the US market

[@mmm2011fbi]

It never happen .. or there will be big import tax

[@peter7550444]

Yeah I have a feeling that the US gov't won't allow them to produce in the US...maybe import but agreed with the tax/tariffs@@mmm2011fbi

[@weird-guy]

Usa government will never allow it

[@mariajiao4855]

@@mmm2011fbi it will happen sooner than you think. They will come from Mexico

[@ebeyslough]

The business is not looking good. They need capital, and still looking to cut cost by laying off their work force and hence less productivity. They are in that tough vicious cycle that I am not sure the short term demand is going to get them over the profitability hump by Q4 2024

[@joysgreenthumb]

Saturn all over again.

[@chiquita683]

Next PTON

[@rupeshmore85]

You obviously have no clue!

[@DK-dr5hy]

Not if the ceo gets paid millions. We must cap ceo wage

[@mg7685]

Rivian needs to stop the BS about luxury or outdoor EV. There is not enough demand or infrastructure ever for those. Get to basics - build a fricking road car that is priced to build and sell. Not enough people on in the country to shell out 100k$ for a niche EV that can is too small or too limited in range. Strip down the expensive to build stuff from the two models, cut the cost to build by 20k, pass that on to the customers.

[@Starlord238]

Rivian is gonna boom more and more once it starts making the R2 cuz people like Rivian cars, but prices now are the factor. Rivian has a bright future. I am so confident. Elon Musk was lucky when we got the COVID cuz he got the chance to flood the market with his EVs then EVs/Teslas became a thing then Musk decided to lower prices cuz he knew that the inventory of gas cars will come back so it is gonna affect his market and that is why he is lowering prices. Rivian has a big chance to succeed. Rivian has money to make the R2. Rivian cars have good reputation. Rivian is launching R2 design in a few days. Rivian has a lot to do this year and its stock is gonna rocket soon. The good thing about EVs in general is that they lower the demand on gas so gas prices stay lower so inflation stays lower which is good for the economy. That is why EVs have a bright future till people are gonna have to buy EVs and gas cars will be the more expensive cars at that point and at that point high volume of EVs is gonna be what is making money for the EV manufacturers. So EVs are a must.

[@SamAung-dz8tn]

There is so much supply of different product in the 40k price range. I don't see myself buying an R2 over a Ioniq5, ev6, MachE. The R2 will also be way less efficient with its boxy shape, 250 miles of range is not going to cut it when you got Hyunda giving over 300 miles. Heck even the ID4 is near 300 miles while qualifying for the full tax credit. It's a competitive space that Rivian has no idea how to win. They'll loose alot of $ going mass market.

[@Starlord238]

Let's see the car specs when it comes out. I don't expect everyone to buy the same car. I think R2 is gonna be a big competitor for German cars

[@oliver.thedentist9429]

ain't gonna happen, too many cars sitting on parking lot

[@esamm3837]

Rivian stock price 56$ soon

[@CraftLulz]

Time to buy. I like the stock.

[@Mr123qwa]

two year cash runway, good lucky

[@ChrisBird1]

Only down 93%

[@tiscott662]

because they cut workers

[@weirdshibainu]

E.V. stocks are dead money.

[@RollinwithFrank]

The problem with Rivian which hopefully will be fixed with future vehicles is many people don’t want to spend 80-100k on a vehicle. No question that the R1T and R1S are great vehicle…just too much money for the average person to spend. RJ is a great CEO and had a perfect vision when the prices were 67k with EV tax credit…the vehicle was gold!!! The problem was when they had to raise the prices…hope they succeed and it’s not too late. for them.

[@SamAung-dz8tn]

horrible interview. this is gonna be a penny stock. They might go bankrupt or get bought out at this point. This is not a 0 interest environment anymore, they are going to continue to loose $40k per car they sell, borrowing $ at 10-15%? Apple might swoop in and buy for $5 a share when this thing goes to $2.