[///M TOWN]

Originally Posted by Cortexiphan

I don't 'read' yahoo news, it's just that this link was handy. But it doesn't matter where you look. You can look at Rivian's Q4 report, you'd see the same, as Rivian themselves reported that they've lost more than $5B.
I'm not spreading "FUD", there is no uncertainty nor doubt that Rivian is in big trouble. And why the hell there would be 'fear' for the demise of such an insignificant company. Only the investors care.

Clearly, you read yahoo news or you wouldn’t have posted that link

[Cortexiphan]

Originally Posted by ///M TOWN

Clearly, you read yahoo news or you wouldn’t have posted that link

I know what I read better than you do. And yahoo news isn't a site that I read, but why would it be funny if I did? I don't get it. And you know you can google some news, and yahoo news can pop up in the search results, right? Or maybe you don't know that? Below is Rivian's own report, not yahoo or anything else.

https://www.sec.gov/Archives/edgar/d...on%20in%202022.

Operating Expenses and Operating Loss:
Total operating expenses in the fourth quarter of 2023 grew to $975 million, as compared to $795 million in the same period last year.  
Overall, operating expenses in 2023 remained relatively flat year-over-year: $3,709 million in 2023 as compared to $3,733 million for 2022.   

Loss from operations in the fourth quarter of 2023 totaled $(1,581) million, as compared to $(1,795) million in the same period last year. For fiscal year 2023, loss from operations was $(5,739) million as compared to $(6,856) million in 2022. 

Net Loss:
Net loss for the fourth quarter of 2023 was $(1,521) million as compared to $(1,723) million for the same period last year. For fiscal year 2023, net loss was $(5,432) million as compared to $(6,752) million in 2022.

[veenut28]

I think this looks good. Retro futuristic or something like that. Certainly not the initial cringe of many (most) new BMW designs.

[TX552]

Looks like an angry bird.

[ledphut]

The fact of the matter is that the global demand for electric vehicles is not what speculators had forecasted. One only needs to look at the Rivian stock losing 90% of its initial value as an indicator of where they are financially. To further illustrate how bad things are, one should note that they also had to postpone the opening of their new ATL factory. The writing seems to be on the wall…

[Bimmerfun82]

That negative gross margin is very concerning… need to get those costs down to have any hope of survival. Looks like their volume has helped some but the price drops are another hit. Just to compare to Tesla - in 2015 when revenues from automotive were $3.7B for the year, gross margin was 25%. Rivian now has higher revenues than that, but a huge margin loss. That means their cost of components or manufacturing is way too high. The quality of the car may not match the price point - I haven’t driven a Rivian but I believe they are nicer than Teslas. At least nicer than the Tesla model S/X in 2015.

[Tomduck]

Looks better than the new X2 anyway

[Tejas1836]

Not bad at all

[agentrnge]

A step in the right direction on the outside. You can keep your spartan futuristic void with glued on ipads though.

[BMWbiker]

I wonder when we will see a complete rethinking of the layout of EVs.

Think of the early ICE cars. They resembled horse carriages. They were even called “horseless carriages” early on.

When will that happen with EVs? Most look like ICE cars.


Even Tesla hasn’t really done this yet.

[EUTourer]

A step in the right direction, once it’s refined for production I think it will look great!

[Windshieldfarmer]

Originally Posted by Cortexiphan

I don't 'read' yahoo news, it's just that this link was handy. But it doesn't matter where you look. You can look at Rivian's Q4 report, you'd see the same, as Rivian themselves reported that they've lost more than $5B.
I'm not spreading "FUD", there is no uncertainty nor doubt that Rivian is in big trouble. And why the hell there would be 'fear' for the demise of such an insignificant company. Only the investors care.

At the current rate of cash burn Rivian has six quarters before they’ll need to raise additional capital to stay afloat. I hope Rivian survives but I would not think of owning or leasing one if a service center wasn’t nearby…and there aren’t too many service locations.

[evoi19]

I like it. Gives a nod to the old csl 3.0 vibes.

[M3N4CE]

Yeah ,,,, nope

Not this one either

[TonM3]

Not terrible

[J-RO]

Originally Posted by ledphut

Wow, insightful comment bro! What would these forums do without you!?

Obviously it would be less insightful.

[J-RO]

Originally Posted by spool twice

it's because people forgot how BMW's used to look like

Evidence that guy who posted an Edsel

Sad that some people dont have a sense of humor.

[bavarianboar]

Originally Posted by ledphut

The fact of the matter is that the global demand for electric vehicles is not what speculators had forecasted. One only needs to look at the Rivian stock losing 90% of its initial value as an indicator of where they are financially. To further illustrate how bad things are, one should note that they also had to postpone the opening of their new ATL factory. The writing seems to be on the wall…

Agree. Challenging times.

People on here seem to think the weak economy is to blame for less electrification and low demand. Just saying, I don’t agree with that being the single most reason, but the EV fanatics have been brainwashed beyond rescue.

[NickyC]

It just gets worse from BMW.

[buddenfan]

Originally Posted by ledphut

Always makes me chuckle when people see one grainy picture and are up in arms about how terrible it looks..

Why not withhold judgement until at least a few more photos are released? I’m willing to bet at least a few of the detractors will be future owners.

Also, I’m looking forward to the design aesthetic of these fully electric cars more so than the i4-i7 which share a body with an ICE. The reasoning is so much interior space can be gained when theres no need for a transmission tunnel or fuel tank. The iX is a good example of this.

Ix shoulda had a frunk

[ledphut]

Originally Posted by buddenfan

Ix shoulda had a frunk

Maaaan, tell me about it. Not sure what the engineers were thinking. Even if it was big enough for a gym bag or something..

[NGT2]

Originally Posted by bavarianboar

Agree. Challenging times.

People on here seem to think the weak economy is to blame for less electrification and low demand. Just saying, I don’t agree with that being the single most reason, but the EV fanatics have been brainwashed beyond rescue.

Weak economy? Inflation is wild and rates are very high relative to the last 15 years and people are still spending money like crazy.

EVs are largely seen as a gimmick, I think. The large demand that they and the governments envisioned just isn’t there. If it weren’t for regulations and tax incentives, you could probably cut that demand in half. They don’t help the environment and they aren’t really cheaper to own and run. It’s just another vehicle. Not saying it’s not cool or that it shouldn’t exist. But it’s a niche and in its infancy, still. Maybe a toddler at most. I don’t think we’ll all be driving electric vehicles in 20 years. I think something else will supplant them and I think ICE, to some degree, will still be around. Electric will remain one of many mousetraps.