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

[Atlrivian]

Can you confirm that managements lock up has expired? If they are so stupid to have sold post lock up and pre price increase announcement they deserve everything they will get from shareholders and the SEC.

I was skeptical of the VP of Marketing claiming "good ole boy culture" etc. And of her claims that Rivian knew pre-IPO they were going to have to raise prices.

But as time goes on, there are fewer reasons to trust them in any important way. Squandering this trust will cost them for many years.

Lockup is usually 180 days from IPO. So early May.

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[paariv]

The SEC won't do anything unless someone big realized a loss over this. Anyone big already knew about the details of the lawsuit and acted appropriately. As long as Rivian survives, I'd expect they will end up being valued above the IPO price at some point in the future.

Not really how that decision is made. I don't think this is the most pressing issue on the SEC's agenda, but the idea that they only spring in to action when big players are hurt is not correct.

 

[Dark-Fx]

Not really how that decision is made. I don't think this is the most pressing issue on the SEC's agenda, but the idea that they only spring in to action when big players are hurt is not correct.

Hahahaha. Alright. Willing to admit I'm wrong if something happens and there are no large beneficiaries.

 

[kurtlikevonnegut]

The SEC is far too busy investigating Elon Musk's mom for naming her sons weirdly to have time for this.

 

[protamine]

So I'm going to write a long winded reply that maybe 10 or 12 people will read. I will first say that the facts are different than the perception. From a PR perspective this is a massive failure. I am quite surprised they did that for LE holders - but remember, a $1000 REFUNDABLE deposit with fine print everywhere is just that. The waiting list is so long that they can ailenate the 2018-19 guys and it will not affect the bottom line. They'll just sell to the next person at higher cost. And the will, because:

They have a world beating product. (which they should've had a 2 year head start on the rest of the world for market share, but that one wasn't their fault)


Heres the unfortunate rub. This all came to a head and was exemplified in the Tax Credit thread. Most showed their colors by saying that MSRP cap or Income cap should stop (conveniently) just above their level. Americans have been voting that way for a while - (yes its about to get political) - thinking that they are gonna stick it to Bezos and Musk...nope its the middle/mid upper people that get the short end of the stick. By voting for corporate sales tax hikes and increasing the tax rates on personal income - they have real, tangible effects on the economy. The rampant inflation is a direct result of those policies voted (reminder- BOTH GUYS PRINTED TRILLIONS OUT OF THIN AIR). But now that we're in the realm of luxury goods - the prices fluctuate. 911s are 20k more MSRP than they were in 2019 (look at the GTS). The guys who normally spend 50k who said R1 are cool, ill stretch to 70 but I'm out now - you're seeing how the world really works.


Assuming Rivian Survives (they probably will) - what happened is they just cut out low margin buyers and are going to sell the same # of units at a higher cost. The shares dip today but see what they are June 10 or September 10. The big guys always win.

Once again, the way they handled it was startling but not surprising.

 

[AllInev]

The SEC won't do anything unless someone big realized a loss over this.

Touting huge demand and bragging about their reservation numbers, Rivian sold close to $13,000,000,000 of stock at $78 to "big" investment bankers. Today's price is about $54. So if that unrealized loss becomes a realized loss, I'd say we're going to see (barring everyday negligence and good old fashion corruption) the SEC looking into this.

 

[mkg3]

.....As for Tesla, I'll get to them later – people either choose to forget or never knew what Tesla has done with its product promises, pricing and policies that have harmed owners and new buyers – but if you think the Cybertruck pricing is reliable or feature-rich … you could thank GM and Ford for compelling Tesla to do more with the Cybertruck.

It's a disgusting to see Musk trying to knife Rivian in the back with nonsense comments about "negative gross margin" ....

Its clear for your distaste for Tesla and Must, but the one the major difference one need to keep in mind is the psychology of the customer base.

RJ has, hence Rivian, portrayed himself and the company as a community caring and fellow member of similar values. Must and Tesla have never pretended that he or Tesla are that. Musk cares about mankind and global warming but has never portrayed himself to way RJ or Rivian have.

As for the price increase (my R1S was $78,125 and now $98,125, increase of $20K or 25.6%) the issue isn't what it is now as much as once people have expectations of what it costs initially and just how much it has gone up is the issue. Add the community feeling on the top of that and now the emotions are "how can you do this to your core supporters who's been with you since 2018"

I have not cancelled and am not going to do anything until I either find a better alternative or contacted by the guide to force a decision. At the new price, there are whole lot of options compared to R1S (since I don't need a rock crawler).

I do believe this move and how it was done was a strategic mistake by Rivian. They've miscalculated their brand loyalty and value; thereby, the value proposition breaks down...

 

[kurtlikevonnegut]

Touting huge demand and bragging about their reservation numbers, Rivian sold close to $13,000,000,000 of stock at $78 to "big" investment bankers. Today's price is about $54. So if that unrealized loss becomes a realized loss, I'd say we're going to see (barring everyday negligence and good old fashion corruption) the SEC looking into this.

But anyone who purchased as part of the DSP had an opportunity to sell at 150% profit per share. It's not like they jacked up the price and then pulled the rug out immediately. DSP buyers had weeks to sell at a profit.

 

[Inkedsphynx]

I hope everyone counting on the SEC holds their breath until it happens. I know I won't be ? Yea, I'm no expert in this area, but I've seen other companies I've invested in do far worse and have no consequences, or minimal consequences.

Nikola clearly and demonstrably flat out lied to their investors. They were fined, what, 125million? Rivian would eat that and walk away smiling if that was the worst penalty they faced, but I'd be willing to bet the cost of my R1T the SEC won't investigate Rivian and/or if they do, there will be no settlement or fines.

No matter what any of you might think, companies are allowed to adjust their pricing whenever they want, unless they have some sort of legally binding agreement that prevents it, which... surprise, none of us have.

 

[AllInev]

Agree with these points. The $39k Cybertruck was never going to be a thing. Rivian pulled a rookie move by announcing the pricing that they did after Tesla grabbed all the headlines and now they will pay the price. By the time Rivian had a chance to look at Ford and Chevy's price book, it was too late.

It's like a rookie poker player catching 3 of a kind on the river and going all in, not realizing that 2 other players at the table just caught a flush.

Agree. Rookie and hubristic moves.

 

[AllInev]

But anyone who purchased as part of the DSP had an opportunity to sell at 150% profit per share. It's not like they jacked up the price and then pulled the rug out immediately. DSP buyers had weeks to sell at a profit.

DSP was a tiny, tiny, tiny, tiny fraction of the IPO. Good god

I'm referring the the investment bankers who bought $13 billion at $78 and are not allowed to sell until later this year.

 

[AllInev]

Not really how that decision is made. I don't think this is the most pressing issue on the SEC's agenda, but the idea that they only spring in to action when big players are hurt is not correct.

Good point. Why would one of the biggest IPOs in decades attract the attention of the SEC? Stupid me.

 

[Otisbrick]

And why they slowed deliveries though they have inventory parked outside the factory.

Yes. That RJ video drive through was really in our faces. Trucks lined up for delivery. Then they hold off on delivery until after the price increase.

 

[JerseyGreens]

I rather buy two of these than keep my R1S preorder!!



Rivian is in deep trouble until they come out with a 50-75k model...which won't be here until 2025 I'm guessing.

 

[Freddie]

Rivian, I can’t trust you anymore! You keep your R1S! BTW I love these Real Jokes, keep them coming ?

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