Rivian and Lucid - Page 26

Josh (PA) · 08-19-2022, 10:05 PM

I read rivian lost 1.3 billion last quarter. Seems like a tough way to keep a business afloat. Probably a smart move to flip and move on.

SCA · 08-19-2022, 10:08 PM

Quote:

Originally Posted by Josh (PA)

I read rivian lost 1.3 billion last quarter. Seems like a tough way to keep a business afloat. Probably a smart move to flip and move on.

They lost $1.7B for Q2. They are bleeding cash profusely. I as well as many others suspect that Amazon or Apple will eventually have full controlling interest. Who knows… their future looks bleak, but I truly hope they make it.

EV Maker Rivian Has Lost $1.7 Billion in the Last Three Months ~ https://stocks.apple.com/AuHxzBlgHR3OiBAUuXkF7Ng

kognito · 08-20-2022, 08:45 AM

Quote:

Originally Posted by SCA

Best to get out while the getting is still good!

FYI, Rivian had a price increase within the last 48 hours. It went unannounced and my build is now a nearly $98k truck with dest. Crazy…

Didn't they also remove their cheapest version of the pickup truck?

lip277 · 08-20-2022, 11:17 AM

GLWA - Looks promising at already over $90k....

Josh (PA) · 08-20-2022, 12:44 PM

Did you do the photography for the auction? Looks great and very well presented. Good luck

Alan · 08-20-2022, 01:14 PM

The Ad looks great, you are already at $90k .. wow this one is going to do good !!

wdc330i · 08-20-2022, 01:43 PM

I just hope the auction site tithe is not too dear...

SCA · 08-20-2022, 02:29 PM

Quote:

Originally Posted by kognito

Didn't they also remove their cheapest version of the pickup truck?

Yes

Terri Kennedy · 08-24-2022, 12:57 AM

Quote:

Originally Posted by SCA

FYI, Rivian had a price increase within the last 48 hours. It went unannounced and my build is now a nearly $98k truck with dest. Crazy…

That seems to happen when a company that has never produced vehicles before discovers how much it actually costs to build one and get it out the door. My Atom cost $65K when I bought it. The identical config eventually ended up with a $119K MSRP. I think that is part of the reason interest in those dropped - it was a very cool car for $65K, but at nearly twice that price there are a lot of cool cars.

robg · 08-24-2022, 07:55 AM

Quote:

Originally Posted by Josh (PA)

I read rivian lost 1.3 billion last quarter. Seems like a tough way to keep a business afloat. Probably a smart move to flip and move on.

I think Tesla lost similar amounts of money until recently. Rivians market cap is still about 30 billion so I guess they could keep themselves funded for a while by selling more stock. That being said, I think they are hoping to eventually be acquired

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08-19-2022, 10:05 PM	#251
Josh (PA) Hello. Join Date: Mar 2004 Carmudgeonly Ride: '09 X3, '11 328xiT, '11 135i C, '17 c2, '19 X5 Location: Downingtown, PA Posts: 5,542	I read rivian lost 1.3 billion last quarter. Seems like a tough way to keep a business afloat. Probably a smart move to flip and move on. __________________ Josh (PA) - '19 X5 '17 991.2 C2 Cab '11 135i Convertible '11 328xiT '09 X3

08-20-2022, 11:17 AM	#254
lip277 The old cranky SOB.... Join Date: Oct 2003 Carmudgeonly Ride: several cars... way too many.... Location: Near Seattle Posts: 4,798	GLWA - Looks promising at already over $90k.... __________________ *Kevin* 1970 2800CS - - 2001 740iL - - 2006 997.1 - - 2012 Escalade 1968 Mustang GT Convertible - - 2003 Ford F250 PSD - - 1985 728i

08-20-2022, 12:44 PM	#255
Josh (PA) Hello. Join Date: Mar 2004 Carmudgeonly Ride: '09 X3, '11 328xiT, '11 135i C, '17 c2, '19 X5 Location: Downingtown, PA Posts: 5,542	Did you do the photography for the auction? Looks great and very well presented. Good luck __________________ Josh (PA) - '19 X5 '17 991.2 C2 Cab '11 135i Convertible '11 328xiT '09 X3

08-20-2022, 01:14 PM	#256
Alan Carmudgeon Join Date: Apr 2005 Posts: 4,681	The Ad looks great, you are already at $90k .. wow this one is going to do good !!

08-20-2022, 01:43 PM	#257
wdc330i dogged Join Date: Dec 2003 Carmudgeonly Ride: '22 M440 xDrive GC Posts: 13,344	I just hope the auction site tithe is not too dear...