Will Rivian EVER pay back $6.6 Billion to the US Government?

[@electricviking]

Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking

[@jctai100]

Careful now, we don't want Rivian to create excess overcapacity!

[@jjamespacbell]

Don't worry Trump will delete this loan.If you can't pay individuals $7,500 why would you give a company in business for years $5,500,000,000

[@santhoshlaxman123]

I just bought a Rivian and i love it

[@eddylee3826]

This cursed vehicle that my wife drives has been nothing but a constant source of trouble! Within the first month, it already started falling apart. I've had to deal with countless repairs, and there was even a terrifying incident where it malfunctioned and put my wife and children's lives at risk! I cannot tolerate having this hazardous car any longer! It is an absolute disaster piece of junk

[@davidnika446]

@@eddylee3826 Bull. People with serious problems specify at least a few of them 99% of the time.

[@TacVong]

@@eddylee3826 I’m sorry that happened to your wife but my R1T has 24k miles and I have not had one issue with it. This is the best vehicle in ever owned. And, I hv a Tesla model Y so I can compare the difference.

[@tedg1609]

Hey, Eddy ! Good to see you here ! How’s it going at your Ford dealership?

[@td4940]

I can’t wait for the R2 and R3X, plan to buy both.

[@celanian8188]

The US is willing to give $6.6B to a company that makes less than 50K cars a year. Yet they have the nerve to criticize China for subsidizing their auto industry. BYD got $3.7B in subsidies over a 4-5 year period and they produce close to 4M cars a year. On a per car basis, the US subsidies FAR outweigh Chinese ones.

[@davidnika446]

Who exactly criticized China for their subsidies?

[@celanian8188]

@@davidnika446 US government, specifically Gina Raimondo and Janet Yellen among many. The US even set 100% tariffs on Chinese EVs with this excuse. In addition, the EU used the ridiculous subsides excuse to increase tariffs on Chinese EVs by up to 35% extra. You really haven't been following the news the last couple of years?

[@raycomeau6866]

@@davidnika446 The US Commerce dept and the EU commission as their rational for proposing high importation on Chinese cars.

[@HoopsKevinski.]

Didn't US gov give ASML their tech? Like $300B; a biggest co in EU.

[@aron2199]

Every one does realise, it’s the same everywhere in the world and regardless which side of fence you are on- bag the other guy and talk up yourself! Is there anything new really!? But yes, it’s unbelievable that in a liberal democracy, the government would give this much $ subsidy to a private company to produce anything

[@dmmcmah1]

Rivians are very nice. The main problem is they are super expensive.

[@TacVong]

Sorry but Tesla sales didn’t take off until the model 3 and Y came out. Model S and X was proof of concept, just like the R1T and R1S. The 6.6 billion is for the George plant which is slated to produce the R2 and R3. These models will be hitting the mass market.

[@nagi-springfield93]

Tesla sales didnt take off until the shanghai factory. The company literally went from near bankrupt status to the most value company within a year

[@nguyep4]

R2 and R3 won't be profitable when in production for at least a year. Not forgetting 1 to 2 years to build the factory. 3+ years by then, they both need to be priced much lower than what they said at the unveiling event... All of Tesla's models before Model 3 were making money, the cost of production, but lacked volume. Rivian has neither.

[@whowhy9023]

Sorry but Tesla never had negative gross profit. Rivians negative gross profit is over $200k per car…

[@whowhy9023]

Profitability arrived for Tesla with model 3 in 2019. But they built out the supercharging network before then…

[@nagi-springfield93]

@@whowhy9023 model 3 launch in mid 2017 not 2019

[@altonmckenzie8587]

So why are the western countries complaining about Chinese ev companies being subsidized?

[@nguyep4]

What US is doing is reacting to the Chinese subsidies.

[@TheBooban]

They did it first. China been waging a trade war since the 1990's. It's only now the US is starting to fight back.

[@metricstormtrooper]

​@@nguyep4Rubbish, Murika has been doing this sort of thing and worse for decades, forcing overseas companies like Incat from the city I live are forced to build factories and build Tasmanian Ships in Murika using Murikan labour moving ALL the benefits of Tasmanian innovation to your land of the not very free.

[@nguyep4]

@metricstormtrooper The Chinese government is and willing to subsidize BYD and many more as long as it needs to crash all foreign auto makers. That is waging an economic war in a sense. Knowing that, do you really think the US would let that go unnotice? What the US has been doing doesn't negate what is happening.

[@Gdesign959]

It’s not the subsidies it’s that China pays autoworkers $4.00 an hour so there’s no way anyone can compete with that.

[@vanrozay8871]

Rivian still loses big on every sale. Here in the Bay Area they're popular, but companies need PROFIT. Will their new plant be THAT much more efficient? They haven't shown the design/assembly chops to justify more spending.

[@aoeuuaoaou]

Ah yes, the long running accounting fallacy of “losing money on each unit” that’s actually mostly/all capital investment to build future cars.

[@awlkdural5396]

Rivian is not just gross margin negative in their vehicles, they are Contribution margin negative, the price of all the materials of their vehicles costs more than they are selling. Look at their actual quarterly financial reports.

[@jake78441]

I hear you can buy Rivians in Canada. If they start selling rivians in other countries that would be nice. Rivian has already been starting to expand there factory here in Normal to start to build the R2 here in the next year or 2.

[@walidoutaleb7121]

Yeah but their problem is that trucks have a very limited market globally. R2 and R3 will help a lot.

[@walidoutaleb7121]

6.6B from the US gov and 5B and manufacturing help from VW group

[@1951703j]

5.8 from VW

[@michaelnurse9089]

They last company they gave a handout to was Intel, which just seemed to speed up the rate at which it was circling the drain.

[@rdp131]

Rivian sales are small because they’re selling a really expensive SUV. When they come out with a R2 and R3 they will sell a lot more and Rivian would have to invent some newer cars in the future to pay back the loan.

[@crosslink1493]

They sell a pick-up truck along with the SUV, and I believe they make EV vans used by Amazon for the 'last mile' delivery of packages. Subjectively, I see more of the pick-ups than the SUVs. Rivian vehicles are not unusual to see in Southern California, but they're not nearly as popular as Teslas.

[@hl2349]

Those Rivian Amazon vans are all over the North Texas area. I just wish they would sell them to the general public and with a little more range. They would make great RV conversions.

[@sean2044]

If they can deliver R2 at 45k, it will definitely be mass market.

[@streamingdemon2522]

Rivian accidentally forgot to make the pricing compelling for 99.999% of buyers

[@cascaderetriever7618]

@@streamingdemon2522 The R1 is like the Model S. It is a luxury vehicle. Are you complaining that an SUV that has the latest Tech, can beat a Porsche, takes you off road and us made in America doesn’t cost $25,000? That is like complaining that an Iphone cost more than a Nokia phone. Manage your expectations. 🧐

[@sterben2064]

​@@cascaderetriever7618🤣

[@walidoutaleb7121]

@@sterben2064 imo r1 and lucid are better luxury vehicule than the model s. The quality has gone down so much that the model 3 is now better built.

[@bort7258]

If Rivian survives and is able to make a profit at a reasonable price, then yes, they will pay back. R2 and R3 will be a hit if they can actually make it at the price promised. And they sell them in Canada as well. I have seen a ton of them here lately.

[@ShawnUrich]

How are they going to pay back $6.6 billion plus interest? They won’t make any profit until 2026 at the earliest and even if they made $250m in 2027 almost all of that money has to go to building vehicles not paying back the government

[@bort7258]

​@@ShawnUrich For one, it's a CONDITIONAL PRE APPROVAL and the 6.6 billing already includes the capital interest. 6 billion is the principal and about 600 million is the interest. The timing of the build and payback is less important when the capital interest is charged upfront. And the funds are only released when certain conditions are met and in chunks, not just all at once. Plus, Rivian is building this plant jointly with the VW Group as well, so the risk or motivation to complete is shared with a major automaker.

[@VillageIdiot-u2b]

Great episode, cheers!

[@foxium9303]

not "electric" viking... just "Tesla" viking....

[@richh650]

I haven't heard of any new Rivian for sale actually under $70k+, but I do hope they can get their prices down here in the States....

[@keskillia942]

I would love a Ford Lightning more than cybertruck or rivian here in Australia. A huge government cash handout to make the extended range lightning affordable here in right hand drive would be wonderful.

[@walidoutaleb7121]

They might be making money on their gen2. The quality has gone down.

[@AustinActive]

Glad I got one before they go bankrupt. Incredible vehicle (R1T)

[@andykaoh]

We complain about Chinese car companies getting money from China government which I’m not even know if it’s true. But American car companies getting money from the US government is OK?

[@Freedom_from_imp]

It is called double standard.

[@elainebradley8213]

Zak and Jesse bought a Rivian, Ford Lightening, and a Cybertruck. They liked the Rivian but over time had issues. It would be interesting to refer to their comparison.

[@djt8518]

Soon the people in the us will have more to worry about than evs hard times are coming

[@nguyep4]

Lol. Trump is all about efficiency and improving the economy by promoting production within the US and by creating fair trading.

[@rmorales1029]

@@nguyep4😂😂😂

[@nguyep4]

@rmorales1029 Your hatred makes you think Making America Great Again is racism. I am an Asian American, and you fell victim to being conditioned. Same group that convinced freedom of speech is freedom to hate. Same group that wants to take guns away. Same group that lets men inside women's locker room. Keep rooting for those people, I guess. Be the sheep in line, you might get a treat.

[@michaelnurse9089]

Hard times for woke folks.

[@djt8518]

@@nguyep4 t rump is all about t rump and causing pain and hurting people lol why you can

[@JoeSimonsen]

Its good because it helps spin up the Georgia plant and create jobs for their new line of cars. After this they will likely further merge with the VW group and become an arm of that instead of a single stand alone car company, which isn't that weird for the industry over all. I have a Rivian and love it, but its far too niche to be a stand alone company on its own right now. But, as a part of a larger new VW company or other it makes sense. Their software is better for future VW cars too so its a bit of a win-win. I dont really see Rivian stay fully independent, but I don't see it just folding into nothing either. It just looks inevitable itll be rolled into the VW auto group.

[@MarkSpohr]

People kept predicting that Tesla would go bankrupt and they almost did when the Model 3 was ramping up. The factory is for the R2 and R3 which should get Rivian into mass production.

[@klemenkveder42]

If i get 1$ for each time Sam says Let's be honest, I'd have close to 6.6B 😀

[@cwbywyatt2005]

Btw they are already seeing their vehicles in Canada, been doing so for over a year now. They are becoming very popular up here as well. At least in British Columbia Canada 🇨🇦. We in Canada love larger SUVs and pickups so it's a logical step. Yes they are very expensive though.

[@AllioNeo]

So what? Every government with an auto industry is subsidizing their EV sector. And yes Tesla got $ billions when it was crucial for their survival. I don't understand this FUD from a guy who thinks that electrical grids don't need base loads.

[@ShawnUrich]

Tesla got a $465m loan that they paid back early. The nonsense about them getting billions is so ridiculous it’s not funny

[@EVCurveFuturist]

Good to be Rivian :) Money splash.

[@saleh45251]

Chinese are smart...to overcome this range anxiety issue, in large countries, they became the most efficient EV manufacturers by moving into EREV model...compare how well, for example, a newly released BYD shark is selling against a pure EV pickup truck like rivian (shark is not even sold in China)... chinese are always one step ahead of their competition, and they back it with technology that others cant compete with...not only they are top in BEVs tech but also in EREV tech ..providing long range driving distances while engines being efficient to go along with + 100 KM battery run cars on a single charge WLTP!! if rivian had an efficient EREV tech, they would have been able to sell 10x more cars and cheaper! as viking said, what Rivian is doing is unsustainable...

[@jonevansauthor]

Yeah, Tesla had a similar loan at the start and they paid it back and I don't see why Rivian cannot do it. It's not like ICE vehicle companies are offering an alternative and aren't going to also go bust or pull out of the US. If tariffs come in, it'll become prohibitively expensive to import plenty of big cars like SUVs and the other nonsense Americans buy to compensate for something.

[@amosbatto3051]

Tesla's loan from the US Department of Energy in January 2010 was $465 million, and Tesla was able to pay it off three years later, which was 9 years ahead of schedule. Most people don't think that Rivian will ever be able to pay back this $6.6 billion loan, so there is a big difference.

[@richardlocke7264]

Rivian has 3 models they make the Amazon Prime delivery vans.

[@MendicantBias1]

Tesla got a $465 million loan in 2010 having only produced 2450 roadsters. At least EVs today are more likely to succeed than in 2010. Go Rivian! Plus it’s a loan, they have to pay it back.

[@jgarbo3541]

Sounds like a "subsidy"!!!

[@scottstormcarter9603]

Well, they seem the second most likely to survive of existing electric car manufacturers in the US. But I clearly understand your concerns, they aren't getting sales this year. And how will they compete with Chinese brands? It would be nice if they innovated even half as much as Tesla.

[@greghelton4668]

Scaringe said they’ll be profitable this quarter. We’ll see what happens in a couple months.

[@karincrane3220]

The problem is that demand has peaked. Everyone who really wants an EV now has one. And price is not necessarily the issue, it's convenience. I live in Chicago. My father is in northern Michigan in a nursing home. I try to visit him once or twice every month and I don't have the extra 2 days it would take me to go see him with an EV. Not when a hybrid is going to do it easily. My retired friend drives from Chicago to St. Louis to visit her daughter and grandkids 5-6 times a year. Same situation. She's in a hybrid. Until range and charging times become more realistic, we're not going to get an EV. My time is what is really expensive.

[@joelado]

The Los Angeles Times estimated that Tesla received about $4.9 billion in government subsidies by 2015. Subsidies don't get paid back. The U.S. government provided Tesla Motors with a $465 million loan in January 2010 to help the company produce all-electric vehicles and develop a manufacturing facility in California. The loan came after Tesla Motors almost collapsed during the Great Recession of 2008. In 2009, the company was down to its last $9 million in cash, had only sold 937 cars, and lost $31.5 million. It was a huge risk for the US Federal Government to do this, but it helped Tesla get through and the rest is history. I'm crossing my fingers that Rivian will end up being another Tesla. During the Great Recession GM, Ford and Chrysler all received billions. Chrysler was in such bad shape that it was sold to Renault, later it has been passed around being owned by several different European automobile manufacturer entities. The US is the second largest car market behind China, but it had only two major automakers after the Great Recession. It now has three with Tesla being one of them. Hopefully with Rivian we will have four in the future.

[@tedg1609]

The US only has one viable car company: Tesla. The others are dead companies pumped up for union votes.

[@ShawnUrich]

LOL that LA Times article was debunked several years ago. Starting your comment off with blatant falsehoods is not the way your want to gain credibility

[@jonevansauthor]

@@ShawnUrich I don't know what about the article was debunked but Tesla definitely had the loan and ultimately paid it back. This is normal practice for governments trying to encourage innovation and competition. This is a trifling sum to the US and it's not actually at risk since there'll be assest such as a massive car factory to sell at the end of it and they will be a creditor in any fire sale if the worst happens, not to mention they get tax revenue all that time anyway.

[@joelado]

@@ShawnUrich I didn't reference any article. Much of the information in my comment came from news reports written at the time. I was alive during the Great Recession and an EV advocate way before Tesla came in to being. I was around when Elon Musk had a sort of nervous breakdown because he was under so much stress with all of the auto makers tanking including Tesla that he got a few medieval sword replicas and joked about Tesla making them as a means to keep the company going. Elon Musk and Tesla for me were the saviors that came after the California ZEV mandate was all but killed and all the majors crushed or destroyed their EVs. He got money from the government and he got money from Mercedes Benz, stayed alive and developed the Model S. I was one of the first people to put a $1,000 deposit for a model S, but never made enough to actually be able to get one. As far as I know Tesla still has my deposit. You response to my comment was odd. Why did you feel compelled to make it?

[@thankfullycraig6954]

This is about investment in industry and to a lesser extent, manufacturing infrastructure

[@smarticus6384]

The $6.6b loan would be Rivian’s only debt. Compare that to the debt of GM, Ford, and Toyota. Rivian is nowhere near that type of debt.

[@ShawnUrich]

$6.6b is certainly not now or in the future be Rivian’s only debt.

[@smarticus6384]

@ What other debt do they have?

[@walkerdarin2003]

As a tax payer I don't approve this. Bailouts don't fix failing business models. Every American should get a sick discount if they wish to buy a Rivian IMO.

[@Steak111steak]

The same program gave money to Ford as well. It isn't a bailout either it is a loan. Bailouts are what we did for the failing bank sector.

[@TheJ1s]

Keep saying to put a pause on the R1T to get the jumpstart on the R3, if they can't get approval build at Australia or maybe partner up with an automaker to do that then yes they will go belly up by 2030.

[@AWHYify]

I want a Rivian more than Tesla…just wish the R1s was less expensive and the R2 was a little bigger and out now.

[@dmmcmah1]

Another problem with Rivian is how they are ordered and produced. On the website it says "You will be able to apply for financing from your Rivian Account as your vehicle approaches production." So you have to put a nonrefundable deposit, and wait for them to actually build the vehicle, and then apply for financing? Sounds backwards and that keeps me from considering one.

[@jruru89]

There's a reason Rivian continues to get money from investors and municipalities (in the past year alone, this includes the state of Illinois with an $827M grant, the VW joint venture ($5.8B investment), and now the state of Georgia) - because their cars are loved (yes, there are criticisms, but on the whole, people love their Rivian), the styling fits a much needed market in the US, their engineering is strong and improving, and win the US, their electronics and software engineering is second to Tesla in terms of how well well integrated and efficiently it works. And they have compelling lower cost cars that are coming out in about a year and a half. These loans and investments are helping them get to scale - a critical component of profitability. For reference, Tesla didn't turn a full year profit until 2020,. They were founded in the 2003 and didn't sell anything till 2008 with the release of the roadster. Rivian was founded in 2009 and released started selling cars in 2021. If Rivian gets up to scale by 2027/28, they'll be on a faster track than Tesla was (12 for Tesla vs 7 years for Rivian). Electric Viking, you're talking about them holding debt, but they have a cash runway in the billions. It seems like you're misrepresenting their economic situation. I'm not saying they don't have a hard road in front of them, but given how compelling their current and future offerings are, how it is that they are able to license the software and electrical engineering to VW and are finding other ways to license their tech, and that they are able to sell their vans to others (another strong source of income once they fully ramp production - Amazon needs many, many more to meet their net zero goals), Rivian seems pretty well situated to me. Yes - it's going to take a couple years - and I'm totally open to being wrong, but from what I see, they're hitting good marks and getting support when and where they need it. That Georgia is pushing to get them up and running in their state and that Illinois is helping them increase how much they manufacture in their state is a really good sign.

[@Nate_G_SD]

Payback? Not a chance. I want Rivian to succeed, but looking at the expected production numbers and amount of money, this is an awful deal. It’s not a coincidence that it’s AFTER the election and BEFORE the new administration. US is $37,000,000,000,000 in debt and this will lead to automatic inflation.

[@Ryctor07]

Ford got 9.3bil to make EVs and made the worst EV truck around and then cried cuz no one wanted it and said, "We're not gonna make EVs anymore!" but kept the 9.3bil. I would much rather the money goes to RJ and Rivian than some legacy automaker who isn't even trying to make competitive EVs.

[@Rene-uz3eb]

6.6b is cheaper than bailing out any of the big three just so there is anyone left who can produce a big suv or pickup

[@G11713]

What exactly is the complaint against China for unfairly assisting its businesses again?

[@FAFORednickincell]

We are not suppose to notice.... Americans have no shame anymore

[@tluangasailo3663]

China hand out $240 billion, and not loan

[@louiepierce1692]

Elon Musk has alienated a lot of its current car customers. Rivian with the R2 coming and R3 (read sub 50k products) down the road is offering choice without the nastiness. I think they will have lots of opportunity to snipe those customers from Tesla as well as pick up Americans who are new to EVs. Or if your like me tired of traditional automakers and the antiquated stealership experience.

[@ItisOKtobewhite]

Musknalso won over many people.

[@bspoynter]

The R2 and R3 could be the top selling cars in their category IF they can sell at the proposed prices. The R2 and R3 will take a huge hit out of Model Y sales. That is a big if of course. The right price at a profit. The other big issue is for and GM are finally making competitive cars. Chinese cars are not the issue yet in America. The R3 would crush in Europe at the right price.

[@williamread8186]

I wish the government could spare $60M for Aptera.

[@mkashay]

This is flushing taxpayer money down the toilet.

[@mikewallace8087]

That practice of wasting tax dollars is soon to end, TRUMP !

[@Withnail1969]

They'll never pay this back.

[@Freedom_from_imp]

I agree. Rivian will go bankrupt soon. Just like lucid. The only American ev maker that will survive is Tesla. These ultra expensive EVs won't have enough sales volume to make a profit, unless the government keeps giving them free money.

[@Freedom_from_imp]

Rivian will go bankrupt. Unless the government keeps giving them free money to stay afloat.

[@Freedom_from_imp]

Rivian will go bankrupt if the government doesn't give them taxpayers' money.

[@glike2]

Rivian can make maybe $1 or $2 Billion profit from delivery van sales

[@springhillfitness6837]

There's no reason the R2 can't be competitive with the model Y, the best selling car in the world.

[@Anthony__420]

Rivian has a major investor in Amazon so I would say no chance same with Lucid and Saudi Arabia investors. Tesla didn’t have anyone helping them other than the subsidies which were paid back early by the way

[@knownotno]

the easiest play would be for the government to go in a partnership with state the plant is built in and build it in partnership & have the loan for Rivian just be the land purchase & have Rivian lease the building with contract. If they can’t afford the lease, they break contract & plant goes back to the state & government to use with the next potential auto maker. This is what the NBA is doing with some arenas and it works at a much smaller scale. I don’t understand these type of loans.

[@timber741]

Amazon ,VW, Ford ,State of Illinois,State of Georgia all invest in Rivian and believe in them but a KZbin Like you .. find the error 😃

[@flea41]

The US has to prop up their car manufactures at any cost. If they every let the Chinese makers in, the US car industry will totally collapse.

[@Dan-v7y1o]

The company is only worth less 1 billion yet they get a loan that’s 6 times its value. Smart investment…..

[@Arqua888]

Rivian needs to make $35k SUV, then they will survive for a long time.

[@3Equalz]

They can give billions of your hard-earned dollars to corporations but if a politician tries to lower your taxes it's a "giveaway to the rich." What a load of crap. Stop giving away our money.

[@andersforhelvede]

Volkswagen could take over Rivian if they succeed in their in their joint venture.

[@ShawnUrich]

Very soon VW won’t have the money to survive let alone take over anyone

[@stevenschmidt]

What if Rivian gets on their feet and becomes profitable and pays back their loan? I really hope they do. I think it's possible.

[@ShawnUrich]

What Sam is saying is that the $6.6b is for the new plant that is slated to produce vehicles at a rate that could never return a profit to pay back $6.6b

[@stevenschmidt]

@ If it returns a profit at all, then eventually they can pay off the loan. It just may take some time. We shall see.

[@milescoleman910]

Like a lot of other companies they are selling 100-200-300 or even n the case of Lucid 600k dollar vehicles for 100k and saying ‘See see it’s nearly as good as a Tesla’

[@BryanA3115]

R2 and R3 will be sold worldwide. You laugh when saying mass market, R2 will be a massive seller. So many people in the US and Europe can't wait for the R2 and R3.

[@leevuong8843]

US complaining that Chinese EVs manufacturers get subsidized by their government and that it creates an unfair condition that calls for tariffs. Right? What about $6.8 billion subsidies given to Rivian?

[@faheemabbas3965]

I’m convinced the US car market will never really grow. Thanks to America never accepting Chinese cars, in America, the size of the car market will either stay the same or shrink, it will never really grow. When one EV company rises in America, one legacy company starts dying. One replaces another.

[@JDMSwervo2001]

Honestly we have enough brands in America we don’t need more

[@sunrisejak2709]

​@@JDMSwervo2001It's not about the number of brands. It's the rising prices that will surely shrink the market. The US players are uninterested in making modestly priced cars. Plus many of the younger generations are simply not interested in car ownership. Many just prefer a ride service.

[@someuser7501]

@faheemabbas3965 China had 80% tariffs on imported cars for DECADES. Are you saying their car market stayed the same due to it? If you think so you are very wrong...quite the opposite happened.

[@juliahello6673]

If legacy automakers start going bankrupt someone will need to sell cars to people. The market will open up and the all-EV companies, which make much better EVs, will be able to grow rapidly.

[@rose415]

I think with USA new position of supporting Israeli settlements in the West Bank, I think the Middle East countries will disrupt world oil supply to effect USA economy just like 1973. EVs will be given a second look just like Japanese’s fuel efficient cars in 73

[@SmdnSnnd]

Rivian makes a car that only 0.01% of their market would want... They need to make a model y competitor a mainstream car

[@dollarmerchtree4587]

The R2 is a Model Y competitor. Both are 5-seat mid-sized SUVs projected to be in the same price range.

[@walkerdarin2003]

I'll throw Rivan a bone. They sell more than Lucid lol.

[@wartable]

Maybe it is about the delivery vans?

[@timgrinton6249]

This is contingent on changing to a unionized workforce. The government is forcing a union onto a US business.

[@matthewswan9819]

classic gov't move, an EV maker to nowhere.

[@Withnail1969]

Yep, they're done. Losing money on a very expensive vehicle, they'll never be able to make and sell a cheap one at a profit.

[@cascaderetriever7618]

I love your channel and have been a long time follower. I respectfully disagree. Just because they got approved for 6.6B doesn’t mean that will be the loan amount. The R1 is like the Model S. It is a low volume luxury vehicle. Rivian plans to expand sales to EU. You are also fully discounting the vans and IP sales. You should delete this video and correct your assessment to avoid it chipping away at your reputation.

[@ShawnUrich]

It’s going to be more than $6.6 billion when you add interest and yes Rivian is going to take all the money they can get. Just like the $5.8b from VW. You have some nerve telling Sam he should delete a video. Especially when he’s right - Rivian will never pay that money back.

[@RichDunn]

Chump change for primary owner Bezos. Demand is there for the R2 and R3 platforms. Rivian will go from strength to strength without the ridiculous debt of legacy like Toyota and VW. It's a brave new world.

[@4-SeasonNature]

The world will be really nicer if African countries, Latin American countries, Middle Eastn countries and SE Asian countries start innovating like the Japanese, Koreans znd Chinese have been doing in waves since the 2nd of WWII. Hope this day will come in the next 50-100 years.

[@RyuMoto]

Like it or not the $6B = Jobs, which in theory helps the entire economy. Me personally, I'd rather spend tax payer money this way than spend it on entitlement programs like give money to homeless fentanyl addicts. Of course, DUH... We would rather not spend our tax dollars propping up companies to begin with but that's the America we live in at the moment.

[@kevinpunter7960]

A point of clarification .. the money came from the US Taxpayer. This is comically stupid.

[@HighschoolDxD67]

Rivians are already in Canada 🇨🇦

[@jdroth1]

They will never sell enough of them to expensive

[@pingnick]

Yeah they better get some good deals via VW from suppliers or it seems they are indeed going to shut down…

[@pingnick]

Maybe actually canceling Georgia factory in favor of Foxconn USA to grow production makes sense🤯

[@ah5878]

Given Rivian huge money and accuses Chinese government unfair subsidy with 100% tariff.

[@ws7001]

China gave about $600 billion to their EV industry, trillions including other industries. There’s a reason why they have $25 trillion in hidden debt

[@markrowland1366]

Five years back you were asking about the financial support the US was giving out to non US, EV builders. That has slipped from memory?

[@BryanA3115]

They will break even this quarter.

[@tommycollier9172]

Do you think amazon had anything to do with it

[@stevefaucette]

Rivian wasted the money they initially had This will not be any different

[@ChrisMan-pk4bl]

You should change the headlines... from the "US Taxpayer",, not the gvt...

[@jamesjianminsitu5542]

IRA will be gone within two months. The currwnt admin is rushing to give away money to keep their star EV company alive for next 4 years 😂😂😅😅

[@sidneyleejohnson]

DOE could buy 142000 cyber taxis next year and save way more....

[@saedalbittar1841]

So it is ok US companies get subsidies and bailout from the government while if this happens for chinese companies , it is not and it is Overcapacity?!

[@derberserker3972]

Rivian will never pay this back.

[@brokeboy87]

How many videos do you do per day?

[@bohenriksson2330]

No

[@legacytesla]

Unsubscribing after this FUD. Your lack of understanding of Rivian’s business model, trajectory and joint venture with VW is sad. Your true colors really show here

[@rboz4637]

I thought Bezos was backing Rivian? He should pick up the tab.

[@edjonatchick]

Rivian states with production starting around the time of the next Presidential Election.

[@stevefaucette]

Thought Nissan had bought Rivian

[@volkerbosch9078]

Why donˋt they sell their cars in the Rest of the World ?

[@aeromtb2468]

they osbourned themselves withR2 and R3.