Stock press release and weak at that: We are making 50K vehicles in 12 months (conference call when stock sank).
Let's do a huge press release saying THOUSANDS will get their trucks within SIX MONTHS.
O.K., take 50K, which we promised Wall Street, divided by six months, 25K trucks delivered, yeah, that's thousands, run with it, they will think we are upping production, plus the fake 60K leak.
Going down to Steel Street in Denver and will take photos of fit and finish and paint and post them here within the next three weeks. Will show you how to look at a vehicle. If poor, I am bagging, not paying $80K plus for an SUV where manufacturing, customer service, and after-purchase service visits are so high and numerous while the stock price is at all-time low and senior executives are constantly leaving.
No, I am not shorting the stock fanboys; I sold the 100 shares I purchased the day they raised the price on my existing reservation of two years. Believe it was in the low 50s; I lost about a grand but sent a good message to poor CEO who stiffed early adopters.
Also, workers at the plant rate working for Rivian are a mess currently, saying over and over that top management is only worried about trucks out the door and will not stop the line for anything, letting service centers handle it. Breaks are few, putting in 12-hour shifts. Then they give you Uber credits to get home from a service center?
Be careful with your money, especially when putting $20-$40 grand down and paying these high-interest rates on a company that may not honor their warranty in 18 months. Interest rates are not decreasing, and cash institutional investors will be hard to come by!