same here, know several people who'd never buy it because of him.
and that news about him shutting off starlink in ukraine, sheesh...
ICE or EV?
- Thread starter irvinehomeowner
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NEW -> Contingent Buyer Assistance Program
and that news about him shutting off starlink in ukraine, sheesh...
Funny how morekaos points to the Nordic countries when talking about Covid but ignores them when talking about EVs.
Or China... isn't that what Irvine is becoming? Not the UK.
UK's current gas price is ~75% higher than US, i guess that's where we're heading and makes EV a better choice for consumers
electrek.co
Electric vehicle sales continue breaking records as automakers ramp production. Compared to other EV startups like Lucid (LCID) and VinFast (VFS), Rivian (RIVN) is outpacing the pack as registrations continue rising.
[...]
With Rivian outpacing the group, Wedbush analyst Dan Ives said he sees the company as “one of the core EV players over the next decade” last month. He added, “Demand looks strong” and “visibility is improving into 2024.”
morekaos Midas touch in working its magic again.
Winning!
In a report released yesterday, Adam Jonas from Morgan Stanley maintained a Buy rating on Rivian Automotive (RIVN – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $24.11.
Rivian’s gross loss per vehicle is now (-$32,595) compared to (-$67,329) in Q1 and (-$157,000) last year.
See... you're the one who keep bringing stock price into the convo and then when we show you how well an EV stock is doing you change the narrative.
So just like Tesla before, your opinion on Rivian has solidified their success.
Rivian’s gross loss per vehicle is now (-$32,595) compared to (-$67,329) in Q1 and (-$157,000) last year.
-$33,000 per truck x 52000 trucks is not a good thing for any company. Can’t make money selling more and more at a loss. Sorta basic business but most of these politicians pushing this garbage have never had a real job or made a payroll…all they know is how to blow taxpayer money on ’s
"I'm calling because I'm in the Grovetown Walmart at the charging station and there's literally a non-electric car that is taking up a space and said they're holding the space for somebody else," the woman who made the 911 call told a police dispatcher in the recording. "And it's holding up a whole bunch of people who need to charge their cars."
"There are other people who are waiting to charge and they're still here and they're not in electric cars," she continued. "The sign says you can't park here unless you're charging."
and that news about him shutting off starlink in ukraine, sheesh...
irvinehomeowner
Well-known member
That’s our future in real time (UK)….because we are the dumbest state in the union…why anyone who contributes is looking for a way out or has left
Funny how morekaos points to the Nordic countries when talking about Covid but ignores them when talking about EVs.
Or China... isn't that what Irvine is becoming? Not the UK.
Liar Loan
Well-known member
You and @nosuchreality are so easily swayed by the news.
irvinehomeowner
Well-known member
?That’s our future in real time (UK)….because we are the dumbest state in the union…why anyone who contributes is looking for a way out or has left
UK's current gas price is ~75% higher than US, i guess that's where we're heading and makes EV a better choice for consumers
CalBears96
Well-known member
Well, it still didn't happen, so...
morekaos
Well-known member
What happened to all the EV job creation? This looks like just more job losses and economic pain…doomed!
On Thursday’s broadcast of CNN’s “The Lead,” Ford President and CEO Jim Farley stated that he’s not opposed to giving workers pay increases, “But if it prevents us from investing in this transition to EVs and in future products like the ones we have now like a new F-150,” they won’t do that because they’ll go bankrupt.
https://www.cnbc.com/video/2023/09/...recirc=taboolainternal&recirc=taboolainternal
On Thursday’s broadcast of CNN’s “The Lead,” Ford President and CEO Jim Farley stated that he’s not opposed to giving workers pay increases, “But if it prevents us from investing in this transition to EVs and in future products like the ones we have now like a new F-150,” they won’t do that because they’ll go bankrupt.
https://www.cnbc.com/video/2023/09/...recirc=taboolainternal&recirc=taboolainternal
irvinehomeowner
Well-known member
Doooomed!...
Well, this year Rivian is expected to sell 50,000 cars for $4 billion.
And in 2028, it’s expected to sell 450,000 cars for $35 billion.
But even with almost 500,000 vehicle deliveries – 10 times what it’s expected to hit this year… Five years from now, Rivian is expected to lose $640 million.
Here’s why…
Last year, Rivian had $1.2 billion in debt. And by 2028 – a year when it’s still expected to lose $640 million – its cumulative debt is expected to be almost $8 billion.
If Rivian misses a debt payment, it will file for bankruptcy. And shareholders will get wiped out.
In 2026 and 2029, it will either come up with almost $3 billion in cash to repay bond investors… Or it will repay the debt with new stock. That will dilute shareholders and make the stock worth less.
And guess what’s likely coming in 2024 that could derail Rivian’s plans to sell 92,000 cars at an average price of $87,000 each?
A recession that the bond market says is 100% likely by no later than July 31st of next year.
Even if it’s a mild recession, it’s hard to imagine that rich people won’t pull back on $87,000 luxury land yachts when their portfolios tanked in a recessionary bear market.
https://www.widemoatresearch.com/intelligent-income-daily/rivians-biggest-losses-are-coming/
Rivian (RIVN) is outpacing other EV startups in registrations
Electric vehicle sales continue breaking records as automakers ramp production. Compared to other EV startups like Lucid (LCID) and VinFast...
electrek.co
Electric vehicle sales continue breaking records as automakers ramp production. Compared to other EV startups like Lucid (LCID) and VinFast (VFS), Rivian (RIVN) is outpacing the pack as registrations continue rising.
[...]
With Rivian outpacing the group, Wedbush analyst Dan Ives said he sees the company as “one of the core EV players over the next decade” last month. He added, “Demand looks strong” and “visibility is improving into 2024.”
morekaos Midas touch in working its magic again.
irvinehomeowner
Well-known member
Winning!
morekaos
Well-known member
That’s winning in your book, huh?...the future looks bright…
In a report released yesterday, Adam Jonas from Morgan Stanley maintained a Buy rating on Rivian Automotive (RIVN – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $24.11.
Rivian’s gross loss per vehicle is now (-$32,595) compared to (-$67,329) in Q1 and (-$157,000) last year.
morekaos
Well-known member
@Qwerty has found the diamond stuck in the EV tireYou can’t make up negative margin on volume??
The Motor Court Company
Well-known member
irvinehomeowner
Well-known member
See... you're the one who keep bringing stock price into the convo and then when we show you how well an EV stock is doing you change the narrative.
So just like Tesla before, your opinion on Rivian has solidified their success.
morekaos
Well-known member
Not sure why I have to point this out (I know you don’t get how stock work) but the price target is below where the stock is trading…and Yes, your article points out how well they are doing….per vehicle!!…doomed!
Rivian’s gross loss per vehicle is now (-$32,595) compared to (-$67,329) in Q1 and (-$157,000) last year.
irvinehomeowner
Well-known member
A reduction of 5x the original loss is good... not bad.
Your math skills are.... doomed!
Your math skills are.... doomed!
morekaos
Well-known member
-$33,000 per truck x 52000 trucks is not a good thing for any company. Can’t make money selling more and more at a loss. Sorta basic business but most of these politicians pushing this garbage have never had a real job or made a payroll…all they know is how to blow taxpayer money on ’s
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morekaos
Well-known member
White privileged….
"I'm calling because I'm in the Grovetown Walmart at the charging station and there's literally a non-electric car that is taking up a space and said they're holding the space for somebody else," the woman who made the 911 call told a police dispatcher in the recording. "And it's holding up a whole bunch of people who need to charge their cars."
"There are other people who are waiting to charge and they're still here and they're not in electric cars," she continued. "The sign says you can't park here unless you're charging."