Rivian lost $33k per EV sold

[csrcsr]

"Rivian vehicles sell for over $80,000 on average. Yet they’re so expensive to build that in the second quarter the company lost $33,000 on every one it sold.”

Doing new things is hard. Many of us want new technologies to mature. And for American enterprises like this to win.

But we're all learning the "energy transition" is not an overnight process. It's decades-long, with wins, losses, and speedbumps along the way.
https://www.wsj.com/business/autos/rivian-ev-truck-electric-vehicle-8e8dc124?mod=hp_lead_pos8

[Spartan]

@dalapathi

[shaktimaan]

may be they should learn how to cheap out like Thesla 

[Ryzen_renoir]

All EV companies except Tesla are bleeding money and will continue to bleed money for atleast 2-3 years

[enigmatic]

they need the r2s and volumes to be profitable.  they should be ok as long as they don't run out of cash and are reducing cash burn compared to previous years/quarters.  

[hyperbole]

Volume is the key, unless you cannot manufacture at scale you are not going to be profitable, Lucid and Rivian will not survive as independent companies but taken over a big auto maker in the next 3-5 years

[pandu123b]

dandam ra dhoota 😀

[hyperbole]

3 minutes ago, enigmatic said:

they need the r2s and volumes to be profitable.  they should be ok as long as they don't run out of cash and are reducing cash burn compared to previous years/quarters.  

They will eventually run out, might be another 2 years, if the interest rates are high enough then raising money will be a tough proposition .

they have nice tech and ambition, in some ways even better than a Tesla but Tesla is undercutting them in the price wars as it has achieved vertical integration where it can cut costs in a variety of ways

[jefferson1]

15 minutes ago, csrcsr said:

"Rivian vehicles sell for over $80,000 on average. Yet they’re so expensive to build that in the second quarter the company lost $33,000 on every one it sold.”

Doing new things is hard. Many of us want new technologies to mature. And for American enterprises like this to win.

But we're all learning the "energy transition" is not an overnight process. It's decades-long, with wins, losses, and speedbumps along the way.
https://www.wsj.com/business/autos/rivian-ev-truck-electric-vehicle-8e8dc124?mod=hp_lead_pos8

News lo Chadiva 

small accident aithe 22k cost bill anta 

back bumper ni replace xheyataniki 

[csrcsr]

1 minute ago, jefferson1 said:

News lo Chadiva 

small accident aithe 22k cost bill anta 

back bumper ni replace xheyataniki 

insurance entha untundo

[enigmatic]

1 minute ago, hyperbole said:

will be a tough proposition 

yup. was easier earlier, will be much tougher now.  they do have a good suv/truck. they need to fix their manufacturing and crank out more suvs. bane wait list vunnattu vundi. 

lucid is even worse i think. but they are backed by saudi govt. they may be taken over and go private. the car has good reviews for design and outperforms every thing else in range. 

 

[Funkops]

17 minutes ago, csrcsr said:

"Rivian vehicles sell for over $80,000 on average. Yet they’re so expensive to build that in the second quarter the company lost $33,000 on every one it sold.”

Doing new things is hard. Many of us want new technologies to mature. And for American enterprises like this to win.

But we're all learning the "energy transition" is not an overnight process. It's decades-long, with wins, losses, and speedbumps along the way.
https://www.wsj.com/business/autos/rivian-ev-truck-electric-vehicle-8e8dc124?mod=hp_lead_pos8

 

4 minutes ago, hyperbole said:

They will eventually run out, might be another 2 years, if the interest rates are high enough then raising money will be a tough proposition .

they have nice tech and ambition, in some ways even better than a Tesla but Tesla is undercutting them in the price wars as it has achieved vertical integration where it can cut costs in a variety of ways

Apple will buy Rivn

[Ryzen_renoir]

6 minutes ago, jefferson1 said:

News lo Chadiva 

small accident aithe 22k cost bill anta 

back bumper ni replace xheyataniki 

They have very expensive sensors and electrical systems in their bumper , also battery itself is part of the structure and that adds a huge amount for repair costs 

 

[shaktimaan]

32 minutes ago, jefferson1 said:

News lo Chadiva 

small accident aithe 22k cost bill anta 

back bumper ni replace xheyataniki 

text book example of bad design and engineering 

[hyperbole]

1 hour ago, jefferson1 said:

News lo Chadiva 

small accident aithe 22k cost bill anta 

back bumper ni replace xheyataniki 

Since the heart of the ev is in the chasis/frame(battery, motors, battery coolant liquid and electricals etc), any minor accident that deforms chasis or the frame might even total an ev, insurance is quite high for evs