Rivian seeks IPO that would Make it More Valuable than Ford or GM

[softailrider]

As a rule, when investing in companies that loose $120,000.00 on every individual item they manufacturer, don't invest any money you can't afford to loose.

Only one EV company ever turned the corner and made a profit. And of those loosing money, none have lost money as spectacularly as Rivian.

Good God, My nephew's FIL took delivery about a year ago after a 2 year wait...

[Richard]

As a rule, when investing in companies that loose $120,000.00 on every individual item they manufacturer, don't invest any money you can't afford to loose.

Only one EV company ever turned the corner and made a profit. And of those loosing money, none have lost money as spectacularly as Rivian.

All of this tech stuff is reminiscent of the Dot Com days,billions raised and lost on paper based on a dream.

Seems to be better returns on that actual suppliers,chips and such than the actual finished product,but there seems to be a competition to see who can produce the ugliest truck possible,there are a couple of the Tesla trucks buzzing around where I live,they look worse up close.

Really all of that stuff is like you say investing with the intent of being able to lose lots of money with no impact so it’s mostly high income speculation.

Even with the dot com phase the only small person that I know that made millions was an acquaintance that sat there all day coming up and registering porn site names to sell in the future.

He made $500 - $600k on names that cost him $9.99 to register at the time,just on one name.

Even with computers,those that got into it in the early days made bank on the sale of the already established individual products,parts and such.

Look at even locally there the guy became a billionaire off of all the other people that lost their rear ends.

Bit coin is the really strange one .

[Rocket]

Rivian does better "per car" than Lucid does though. Lucid looses $338,000 on every car they sell. Of course they're sold far fewer cars than Rivian, so Rivian still holds the crown for biggest losses. I think as of last year it was $19 Billion they've lost so far?

There's 2 on my street, and I presume the drivers were smart enough to not purchase them. Depreciation on EV's is double that of ICE cars, so financially they're a horrible idea.

[Richard]

That’s why a majority of countries rolled back their 2030 goals,you cannot print enough money fast enough to achieve that.

They are really in their horse and buggy days,by the time they become mainstream a 2024 EV will be like a model A in comparison and they will do it like everything else with planned obsolescence.

That puts Tesla currently in the IPhone 3 stage.

Computers were different,their technology advanced because the government went all in to advance the space program,everything after that became an added bonus.

Without the government backing EVs are,out of charge.

[Zacha341]

In this economy?! With food, shelter and basic living costs ever-rising more are unable to pay now average one band [$1000] car notes!

Dealers are pushing financing up thru 84 months! Factor in gas and insurance? It's out of control. Time for a Rivian purchase?

To each his own. That front end is gruesome to me. And how much are they, 100 grand?

[Cincinnati_Kid]

In this economy?! With food, shelter and basic living costs ever-rising more are unable to pay now average one band [$1000] car notes!

Dealers are pushing financing up thru 84 months! Factor in gas and insurance? It's out of control. Time for a Rivian purchase?

I'm pretty sure the consumers that can ACTUALLY afford them, aren't financing them for 84 months. They probably are leasing or financing them with much better terms. The dealers are targeting fringe buyers that are trying to find a creative way to leasing or purchasing them to fit their budget. Anytime I'm paying almost the price of a mortgage for a vehicle that doesn't include insurance and maintenance is a non-negotiable for me, period...

[Cincinnati_Kid]

I just saw on the news that EV's depreciate 40% more after purchase than gas powered vehicles, on top of consumers worried about battery life and replacement as well as the lack of charging stations. Tesla is slashing prices on their cars due to slow sales, and one owner says he's trying to unload his, but will take a $30,000 hit if he does because of low resale value. EV's aren't the end all, be all the automakers and government claim they are. I'm sticking with gas powered vehicles.

[mikeg19]

I bought my 14' Malibu LTZ new, sticker was about $31K if I remember, paid it off in 4 years. Every time I'm tempted to trade it in, I just remember that the $1000-1500 or so I put into it in yearly maintenance would basically equate to a month of driving a new truck/suv. I'm going to drive it until the wheels fall off.

I do appreciate quality automobiles and beautiful design, but to me a car is a car, a depreciating asset. Point A to point B, nothing more nor less.