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Simple Economics Shows Rivian Is a Poor Business Model, Yet Taxpayers Just Gave them $6B
Posted on 11/29/24 at 12:29 pm
Posted on 11/29/24 at 12:29 pm
Rivian was just awarded a $6B loan from the Biden administration to sustain their EV production.
Rivian has been in business for over 15 years and still loses $106,000 per every vehicle sold. For contrast, Ford loses around $50K per EV.
I don’t know why tax payers should be forced to pay for Rivian’s failing business.
I know several posters here drive EVs- at least Tesla is self sufficient and has found a way to turn profit.
Rivian has been in business for over 15 years and still loses $106,000 per every vehicle sold. For contrast, Ford loses around $50K per EV.
I don’t know why tax payers should be forced to pay for Rivian’s failing business.
I know several posters here drive EVs- at least Tesla is self sufficient and has found a way to turn profit.
10
Posted on 11/29/24 at 12:32 pm to RFK
quote:
I don’t know why tax payers should be forced to pay for Rivian’s failing business.
Think on it a bit.
It will come to you.
Posted on 11/29/24 at 12:34 pm to RFK
Trying to keep up with Bathhouse Barry who have more to Solendra
Posted on 11/29/24 at 12:41 pm to RFK
It was really not smart for Rivian to dump so much money into an EV pickup truck market. People drive pickups for a reason, utility. Rivian lacks the utility of a pickup truck in terms of range, power and reliability compared to a regular gas powered pickup, especially at their price point.
Tesla has proven the sweet spot for electric cars are the model Y where they are cheap and good neighborhood getting around town car or a daily commuting car. IMO that’s the best space for EVs.
Tesla has proven the sweet spot for electric cars are the model Y where they are cheap and good neighborhood getting around town car or a daily commuting car. IMO that’s the best space for EVs.
Posted on 11/29/24 at 12:42 pm to TrueTiger
Probably a billion + in kickbacks to the corrupt deep state and politicians
Posted on 11/29/24 at 12:47 pm to TrueTiger
quote:
Think on it a bit.
It will come to you.
Posted on 11/29/24 at 1:16 pm to RFK
It won’t be in the future. They are going to fast track it to rival Tesla and then take away all government contracts from Elon. This is just more Washington BS.
Posted on 11/29/24 at 2:15 pm to RFK
They still don't get it. Elon won the ev war. Everyone else thinks they can just slap a few batteries in some metal with wheels and profit.
You poor sweet summer children
Posted on 11/29/24 at 2:56 pm to RFK
I have a friend who has one (about 2 years old) and was going to trade it in for a different truck. He found out that it has almost zero resale value.
It has been mechanically a piece of crap. Always something wrong with it.
It has been mechanically a piece of crap. Always something wrong with it.
Posted on 11/29/24 at 3:41 pm to RFK
Musk had the same business model. All of his businesses are/were subsidized by taxpayers.
Posted on 11/29/24 at 4:05 pm to RFK
Taxpayers were not given a choice.
Biden gave them the money furnished by us taxpaying citizens.
Biden gave them the money furnished by us taxpaying citizens.
Posted on 11/29/24 at 4:53 pm to RFK
Overpriced poor quality vehicles is a bad business strategy.
Posted on 11/29/24 at 4:56 pm to Auburn80
quote:
Overpriced poor quality vehicles is a bad business strategy.
Have you been in a rivian? They're nice luxury SUVs and trucks.
Posted on 11/29/24 at 4:59 pm to oklahogjr
quote:
They're nice luxury SUVs and trucks.
So are Land Rovers. But they live in the repair shop.
Posted on 11/29/24 at 5:00 pm to TrueTiger
quote:
So are Land Rovers. But they live in the repair shop.
My family has various EVs a rivian a Tesla and a VW. The rivian is what I'd consider the nicest of them. It doesn't end up in repair shop often from what I've seen.
Posted on 11/29/24 at 5:04 pm to oklahogjr
I asked the AI about it and it came back with:
quote:
Consumer Reports listed Rivian as one of the worst car brands for 2024, giving it an overall score of 55.
Posted on 11/29/24 at 5:04 pm to oklahogjr
quote:
Have you been in a rivian? They're nice luxury SUVs and trucks
And they have poor quality ratings.
Posted on 11/29/24 at 5:05 pm to TrueTiger
Well if AI said it you know it's true.
Posted on 11/29/24 at 5:09 pm to oklahogjr
I test-drove a R1T a couple of months ago. My next vehicle is 100% going to be a Rivian.
Posted on 11/29/24 at 5:11 pm to RFK
Once again, this admin cannot do a damn thing right!
And these "LOANS" never get paid back.....so it was a grant, IMO.
And these "LOANS" never get paid back.....so it was a grant, IMO.
This post was edited on 11/29/24 at 5:17 pm
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