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31 Posts
Some of these points have been mentioned in another thread but to me, the first one is really big news. Surprised it was only revealed in such a casual manner during the Q&A:
1) RJ is driving an R1S with the Dual Motor configuration. Did anyone here know about a dual motor option before the pricing increase email?
2) RJ says that it wasn't the cancelations that made them reverse course. It was "because we have such a focus on our brand and the relationship we have with customers.". Ummmmmmm... 🤥
3) More than half the cancelations reinstated their orders (only more than half? wow, that was surprising)
4) They are getting a similar rate of orders AFTER the price increase compared to the pre-increase period. If true, this is fantastic news for the company.
I will state that I really want Rivian to succeed. I like many things about the company and their products. That said, the higher prices make me unsure if the demand from a smaller demographic (those who can afford such prices) would be enough to keep their Normal and Atlanta factories running, leading to a profitable company.
I am leaning towards liking the direction stated in the earnings call but skeptical on the long term viability. It also doesn't help that I have not been in or near any R1 vehicle yet. Holding further judgement until then.
1) RJ is driving an R1S with the Dual Motor configuration. Did anyone here know about a dual motor option before the pricing increase email?
2) RJ says that it wasn't the cancelations that made them reverse course. It was "because we have such a focus on our brand and the relationship we have with customers.". Ummmmmmm... 🤥
3) More than half the cancelations reinstated their orders (only more than half? wow, that was surprising)
4) They are getting a similar rate of orders AFTER the price increase compared to the pre-increase period. If true, this is fantastic news for the company.
I will state that I really want Rivian to succeed. I like many things about the company and their products. That said, the higher prices make me unsure if the demand from a smaller demographic (those who can afford such prices) would be enough to keep their Normal and Atlanta factories running, leading to a profitable company.
I am leaning towards liking the direction stated in the earnings call but skeptical on the long term viability. It also doesn't help that I have not been in or near any R1 vehicle yet. Holding further judgement until then.