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

[Dark-Fx]

?‍ 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. ?

As they say, Buy the dip.

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[White Shadow]

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

Exactly. I just got in at under $54. In the long term, I believe the stock will recover. If it drops significantly more, I'll most likely buy more shares.

 

[the long way downunder]

Rivian price range since 2018: $50K base, $90K R1T Max.

While the price increase yesterday has disappointed some pre-order holders, Rivian was communicating the same price range from day one.
Here's a snippet from May, before the LA Auto Show reveal in Nov 2018.

ref: https://carbuzz.com/news/this-800-hp-electric-pickup-will-be-faster-than-a-ferrari
Perhaps others can find earlier reports.
If anything, I think Rivian can be expected to continue to increase prices to keep pace with Tesla.

 

[cohall]

I think @skyote and the guys from Rivian Stories did an excellent job of capturing many of our feelings. Worth a watch if you have some time.

 

[White Shadow]

Everyone cancelling pre-orders today should take that $1000 and put it right into Rivian stock. Seriously...it's going to go back up again.

My plan is to buy my Rivian in a few years with the money I've made off Rivian stock. Wouldn't that be something?

 

[Revelation]

Rivian price range since 2018: $50K base, $90K R1T Max.

While the price increase yesterday has disappointed some pre-order holders, Rivian was communicating the same price range from day one.
Here's a snippet from May, before the LA Auto Show reveal in Nov 2018.

ref: https://carbuzz.com/news/this-800-hp-electric-pickup-will-be-faster-than-a-ferrari
Perhaps others can find earlier reports.
If anything, I think Rivian can be expected to continue to increase prices to keep pace with Tesla.

You also have to remember those early pricings included a ton of features that were later removed when the prices were adjusted down. i.e. electrochromic roof, powered tailgate, etc..

 

[Friscorays]

I think @skyote and the guys from Rivian Stories did an excellent job of capturing many of our feelings. Worth a watch if you have some time.....

Rivian is in huge trouble when they have lost the Rivian Stories guys.

 

[paariv]

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 have no idea what you're talking about. Rivian is protected against a suit by an individual consumer seeking to force them to honor the old price based on that clause. But it does not protect them against a shareholder suit or an SEC investigation based on the impact on share price from the announcement. And indemnification is about who pays, it's not a defense to a claim - your misuse of basic terminology shows you are way out of your depth.

Securities matters can be based on actual false statements or on lies by omission. Here, it seems pretty clear Rivian was lying by omission. The claim would go like this:

• Rivian knew it couldn't sell vehicles at the advertised price. It even fired the executive that forced the issue.
• But it collected orders and touted their numbers in the runup to the IPO. Investors bought shares based on the reasonable expectation that these orders would convert to purchases.
• Rivian knew it couldn't honor its pricing, but didn't tell the market. Instead, it touted how many orders it had.
• It even pretended to start deliveries, in reality limiting distribution to employees and other insiders. It didn't care about the price they paid, because this was in reality a beta test (also undisclosed to the market, and potentially the basis for a related claim).
• When it came time to start actual deliveries, Rivian jacked up the price for everyone. Orders went down, way down, as you'd expect for such a ham-handed move.
• The price increase is so drastic that it must have been planned for a long time, probably pre-IPO. But it was never disclosed to the market.
• They should have disclosed these plans because of the material impact on orders and - as today's stock drop reveals - share price.
• Therefore, us shareholders are entitled to reimbursement for the amount of the stock drop caused by the price increase.

Take it from someone who knows this area of the law: this is a strong claim and would support a 9-figure settlement.

 

[schalliol]

You prob got a follow up email later in the day explaining the bad news. Your screenshot is ancient history now

Sure did. So sad. I guess I wasn't set up for a margin account, but I did try to short RIVN last night. Would've been a good move.

 

[Acoustic71]

Rivian Team are you telling ME after holding MY money for 2 years and promising ME a vehicle for $79,000 and delaying delivery by another year and while Rivian sits on $85B, you want ME PAY AN ADDITIONAL $17,000+ $7,500 lost tax credit = $24,500 INCREASE!

That'd my reward for being loyal to Rivian for 2 years.

You are forgetting or unknowledgeable about the fact that the $7,500 federal tax credit is not baed on MSRP.

In other words, it will still be there if you still want it.

 

[kyunam]

What's pissing me more is, it's still "Estimated Price" after $16.5k up.

 

[ahsfca]

And we all know Tesla isn't going anywhere. At this point I don't know if Rivian will survive next year.

It will be interesting to watch how they do. On paper they are rich with cash and assets but their burn rate must be really high with so many employees and operating expenses. I really dislike Musk but he was right in saying Rivian should not be opening new factories when they can't even get the first one cranking out vehicles at a reasonable pace. Even the delivery trucks are barely being made. This company can't execute at all. And there is nothing wrong with being a niche auto maker making premium products at premium prices -- but they are acting like they can be a mass market Tesla which they have no chance of becoming. The clock is ticking for them financially despite the cash on hand. Doesn't look good.

 

[NY_Rob]

...Take it from someone who knows this area of the law: this is a strong claim and would support a 9-figure settlement.

IYO... what would that "9-figure settlement" mean to a DSP participant like me?

 

[paariv]

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.

You don't even know the difference between the three types of claims that might be brought here:

• Consumer claims (barred by the lack of promise)
• Shareholder claims (not barred when Rivian likely had undisclosed plans to materially hike the retail price that would massively impact their reported order numbers);
• SEC investigations (which can be based on the same nondisclosure theory that would underlie the shareholder claims).

That disclaimer is not remotely as powerful as you think when it comes to the big dollar cases that are coming.

 

[paariv]

IYO... what would that "9-figure settlement" mean to a DSP participant like me?

Let's say that a $10 per share stock drop is caused by the nondisclosure (You measure this, very roughly, by looking at how much the stock fell when the truth came out). You multiply the per-share drop by the number of shares you held at the relevant time and get your payout. Minus the lawyers' cut, of course.

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