kingmoochr
WHARRGARBL
The first Rivian I saw in the wild was on the back of a flatbed tow truck.
Seen a few driving through Pacifica, must be some employees living on the coast.
The first Rivian I saw in the wild was on the back of a flatbed tow truck.
Rivian might have spoiled a lot of the good will that they built up, and lost a lot of customers.
https://electrek.co/2022/03/02/rivian-buyers-canceling-alarming-rate-after-price-increases/
Up to a 20% price hike on what was already a pretty expensive vehicle is ridiculous, and it's not too surprising that a lot of potential buyers with preorders are rethinking their decision. The stock price dropped 12% with this announcement and EV stocks including Rivian have already not been doing great over the last few months.
I've seen many in the South Bay. I even talked to an owner and they were not an employee.
As I mentioned in the Investment thread, the online polls has 42% to 48% canceling orders.
The compare contrast of historic cost increases with Teslas does not look good for Rivian.
[YouTube]m8fGZZpvmW4[/youtube]
Not to say I don't trust someone who picks the name 'Tesla Daily', but...
I don't trust a guy who picks the name Tesla daily.
I do like the middle finger ford is giving Tesla by calling their entire EV brand 'Model e' given they blocked Tesla from using the name 'Model E' on what eventually became the model 3.
Rivian does make a good truck, but I think it was a mistake to increase prices, specifically on people with preorders. They would have been fine if they announced new pricing for any future orders and sales, it's really the 'going back on their promise' aspect that is shitty. Honestly, Telsa has gotten away with a lot of complete bullshit, pricing, overpromising and under delivering, etc., in part because at the time of a lot of it, they were basically alone on the EV market, and in part because people treat Elon Musk like a genius engineer real life Tony Stark, when in reality he is a con artist businessman.
What about what gm is doing, they announced like a 5 billion dollar expansion with sights to be the EV king in like 5-10 years, literally calling out ford and Tesla directly.
Aaaaand rivian reversed the hikes for existing pre-orders. I imagine they always had that in mind and waited to gauge the reaction of pre-order holders. Their product seems too intelligent to not have expected that reaction.
Aaaaand rivian reversed the hikes for existing pre-orders. I imagine they always had that in mind and waited to gauge the reaction of pre-order holders. Their product seems too intelligent to not have expected that reaction.
This any pr good or bad is still pr.
Tesla upped the price of the plaid yoke thingy but honored all the og preorder pricing from last year
This any pr good or bad is still pr.
Tesla upped the price of the plaid yoke thingy but honored all the og preorder pricing from last year
Aaaaand rivian reversed the hikes for existing pre-orders. I imagine they always had that in mind and waited to gauge the reaction of pre-order holders. Their product seems too intelligent to not have expected that reaction.
Now, all that said, couple weeks ago I saw my first Rivian in the wild.
Yeah, good luck to Ford, they will need it. What is being discussed is that legacy automakers will have an internal conflict because EVs will eat sales of ICEs vehicles. For example, Ford Mach E sales are down 47% for the month of February year over year to ~2000.
It's neat, but also not very useful as a truck. Way smaller than a Taco in the bed...
