Rivian and Lucid

[SCA]

I would just like for RIVN to bounce back to what I dropped for the IPO so I can dump it.

[dan]

Originally Posted by SCA

I would just like for RIVN to bounce back to what I dropped for the IPO so I can dump it.

it's not coming back. sell now.

[robg]

Any info on that 40k loss per unit? Just curious cause I often see dramatic numbers like that thrown around but when you dig deeper it turns out that it’s a not on a per unit basis; it’s factoring in the overall r&d cost. If you use that metric any newly designed car will have a loss for the first couple years until they sell enough to recoup the development costs


Sent from my iPhone using Tapatalk

[robg]

Originally Posted by SCA

Pretty sure it was more than that when I acquired mine in July of 2022. It is also why they had the significant pricing increase that they took some backlash on from the placement holders that had yet to receive their vehicle, but had been waiting years to acquire.

We are beginning to see a rather large influx of the R1S (SUV) around town. I am seeing multiple units on a daily basis. So far every driver has also been a female.

Interesting..I see more tech bro types driving them around me


Sent from my iPhone using Tapatalk

[SARAFIL]

Originally Posted by robg

Any info on that 40k loss per unit? Just curious cause I often see dramatic numbers like that thrown around but when you dig deeper it turns out that it’s a not on a per unit basis; it’s factoring in the overall r&d cost. If you use that metric any newly designed car will have a loss for the first couple years until they sell enough to recoup the development costs


Sent from my iPhone using Tapatalk

I haven’t looked at the numbers but yes I would assume it’s that - fixed cost amortization vs. actual variable costs per vehicle. If the variable cost per vehicle exceeded what they could sell them for they’d be better off just turning off the lights in the factory and giving up.

[SCA]

Originally Posted by dan

it's not coming back. sell now.

It is literally not worth crap now, have to hold onto it for the long-term. My former $13k is now $2k.

Hodgepodge of Rivian News over the past few days.

Rivian drops price $3,100 on R1T, R1S EVs: https://www.thecarconnection.com/new...kup-r1s-ev-suv

Rivian CEO calls $48K the sweet spot for EV prices, says R2 will rival Tesla’s Model Y: https://electrek.co/2024/02/20/rivia...-ev-prices-r2/

Rivian says it is laying off 10 percent of its workforce as EV woes deepen / The company announced it didn’t expect to make any more vehicles this year than it did in 2023, causing stock prices to dip: https://www.theverge.com/2024/2/21/2...on-q4-earnings

[robg]

Originally Posted by SARAFIL

I haven’t looked at the numbers but yes I would assume it’s that - fixed cost amortization vs. actual variable costs per vehicle. If the variable cost per vehicle exceeded what they could sell them for they’d be better off just turning off the lights in the factory and giving up.

Exactly - I think those concepts get conflated when you see these sensationalist loss numbers (with any brand)


Sent from my iPhone using Tapatalk

[SCA]

I seem to recall that they previously had over $30B.

[dan]

market cap is just Shares Outstanding*Share Price so yeah it's way down

[SCA]

Just checked my inbox and saw this.