R1T & R1S Updated Pricing, Configuration, Specs. Dual Motor Now Available

[Inkedsphynx]

There is no basis for the SEC to investigate based off this price increase. Prices were never locked in and promised to remain the same. Read your pre-order agreement. Rivian is indemnified against lawsuits via that clause alone.

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[hola29]

I guess that is my confusion. Were people not aware this was a startup? A lot of the reason I am here...Seems like a lot of people on this thread should have stuck with established brands vs. a 1.0 car from a 1.0 company in a v1.1 product category (EVs)...

Land Rover is an established company, with established dealers, established service and an established history. Rivian is not. Depends on how much faith someone has in a startup.

 

[AllInev]

Looks like RIVN has already traded 120% of normal daily volume

?‍ Why is the RIVN stock down this morning? Most of the market seems up? I hope everything is ok? Was there some news?

Snark aside, RIVN will recover. Bastards. ?

 

[GaryL]

?‍ Why is the RIVN stock down this morning? Most of the market seems up? I hope everything is ok? Was there some news?

Snark aside, RIVN will recover. Bastards. ?

In all honesty this is probably the flush to buy later today

 

[Revelation]

There is no basis for the SEC to investigate based off this price increase. Prices were never locked in and promised to remain the same. Read your pre-order agreement. Rivian is indemnified against lawsuits via that clause alone.

Not necessarily. If Rivian knew it would need to increase pricing ahead of the IPO, they failed to disclose to boost reservations and incrase "perceived value" in the stock - then yes the SEC would have basis.

 

[amhawk60]

Got the same for the R1T that I have on pre-order. In the configurator my price went from $80k and change to $90k and change. This is pretty drastic. I'm almost priced out.

My pre-order went up 13K to over 103k. Nice job rivian. thanks for screwing your supporters who sent you interest free funds to use while you figure out how to ramp production. It is time to give serious consideration elsewhere.

 

[sacramentoelectric]

RIVN just broke below it’s all time low.

Down 13.29%...

 

[AllInev]

There is no basis for the SEC to investigate based off this price increase. Prices were never locked in and promised to remain the same. Read your pre-order agreement. Rivian is indemnified against lawsuits via that clause alone.

Sigh. I guess I'll have to type more slowly for you. It's not my preorder agreement I'm referring to. Obviously the SEC doesn't care about that.

It's the fact that directors at Rivian may have planned this price hike well before the IPO in the hopes of boosting reservervation/preorder numbers. Those preorder numbers had a material effect on the initial pricing. SEC should look into this.

 

[IlliniRivian]

There is no basis for the SEC to investigate based off this price increase. Prices were never locked in and promised to remain the same. Read your pre-order agreement. Rivian is indemnified against lawsuits via that clause alone.

You are both correct and 100% wrong at the same time.

Reservation holders cannot sue for breach of contract based on the price increase.

The SEC can investigate and the shareholders can sue and that agreement isn't worth the paper it is printed on to prevent that or protect the company. (I am not saying that means the claims will be successful necessarily but the issues the SEC and shareholders would look at have nothing to do with that agreement).

 

[Inkedsphynx]

Not necessarily. If Rivian knew it would need to increase pricing ahead of the IPO, they failed to disclose to boost reservations and incrase "perceived value" in the stock - then yes the SEC would have basis.

The problem with that statement is that 'need' is subjective. The SEC has to be able to prove that Rivian deliberately mislead investors and that's not an easy thing to do, especially given that, as I've pointed out, Rivian never promised anyone anything at any price.

 

[Guy]

Rivian never promised you a vehicle at 79,000$. Read the pre-order agreement. Pricing subject to change.

Stop being an apologist

 

[stickyfingers]

My pre-order went up 13K to over 103k. Nice job rivian. thanks for screwing your supporters who sent you interest free funds to use while you figure out how to ramp production. It is time to give serious consideration elsewhere.

Not that I’m buying an iconiq 5 from Hyundai but I saw it in person today and it looks fantastic. Could be a good EV stop gap however I need a truck to replace my truck.

 

[SANZC02]

You found a good way to convince yourself that waiting 3 years and paying $100K for something sold to you for $80K is not bad business practice.

You also have to take into account the timing of things, and how this is strategically being done so that no one that reserved a Rivian will get it for the advertised price.

Add to that the uncertainty of waiting well into 2024 where your $78K reservation might now be $120K and by your logic any price increases would make sense because somehow you’ll justify it comparing it against another baseline in the market.

Do you think Ford will sell the F-150 Lighting at $80K because the Rivian is $100K? Not happening.

I think you missed my last paragraph, timing is not good but as I mentioned when I placed my order, prices had not been released. Based on how Tesla started rolling out each of their models I was assuming at least the initial models would be north of 100k, I budgeted for 110k.

It is a drag to go from November 2020 thinking they might let them go at such a low price only to have the price jump now.

It is everyone’s personal decision if they are now priced out of the market or simply want to stand on principle and decide not to move forward with their purchase.

I will say if everyone steps back and takes the emotion and disappoint out of the analysis evaluating the new prices, they will agree they make sense. That does not mean we have to give Rivian a pass at how this was handled and how their general lack of communication is horrible. I will write a letter to Rivian to let them know my thoughts on this but not today, I will let it all sink in first so I can write it from a calm place….

 

[Gshenderson]

There is no basis for the SEC to investigate based off this price increase. Prices were never locked in and promised to remain the same. Read your pre-order agreement. Rivian is indemnified against lawsuits via that clause alone.

This is not true. The SEC investigates stock price manipulation, not civil cases between buyers and sellers. So what’s in those agreements would be mostly irrelevant in an SEC investigation. The question at hand is “did they withhold material information that they should have known would impact the stock price?”. If it is proven that they intentionally held back on price increases until after the IPO in order to retain preorders too boost the stock price, and they should have known that there would be significant cancellations that impacted the share price, then there is sufficient grounds for both an SEC investigation as well as criminal and civil actions against them.

 

[Revelation]

The problem with that statement is that 'need' is subjective. The SEC has to be able to prove that Rivian deliberately mislead investors and that's not an easy thing to do, especially given that, as I've pointed out, Rivian never promised anyone anything at any price.

It's not really. There is already proof that Rivian was aware that it would "need" to raise prices some time ago. In fact, Rivian is being sued by the individual that made Rivian aware of it. That, alone, is enough to get Government Bureaucrats to start digging.

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