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

[Rford71]

I personally think the vehicle is worth the increase price but what I don’t like is the way Rivian implemented the price increase and the nonchalant way of sending a generic email from Rivian Team. I believe Rivian should’ve honored pricing for At least the launch edition pre-order holders and RJ should have personally done one of his videos on the Rivian site addressing the price increases.

I’m curious to know how many pre-orders will be canceled in the next couple of weeks.

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[dpc166]

But the thought of having to deal with a Kia dealer ?

My thoughts exactly. Hoping the Genesis version is a good price for the added luxury and hopefully less of an issue with those dealers. I would definitely sell my car private party to avoid trade-in issues.

 

[JerseyGreens]

But the thought of having to deal with a Kia dealer ?

This...I hate dealing with dealers but I bought a Telluride at MSRP after doing enough research. I'm sure I'll be able to do that again for an EV9

 

[Rivian635]

Looking at the iX as well. While I don't like the front styling, the rest is not bad.

Range and size of the iX meet my minimum (range is better than the Rivian).
My spec on the iX comes out to about $93k, not much less than the Rivian, however, I am dealing with a mature/trusted brand.

Test drive at my Doylestown dealer is in March, unfortunately, deliveries are slated to start about 8 months from now - still way better than the R1S.



Oh yeah, just remembered that the iX supports Android Auto....so definitely worth the 93K now

Yeah, the front end supposedly not so bad in person... and maybe pick a color that blends - such as the dark grey they offer (for $0 - unlike rivian and its expensive colors).

Also, chat with a few dealers and see if you can get in on the iX MArch production slot - delivery in April/May.

 

[protamine]

An X5M is $110K without Comp. Which is a hell of a car for the money.
A Cayenne GTS is about $120-$130K well-spec'ed.

Again, to clarify, it is not an argument if the Rivian is or is not worth $90K. That's not the essence of this thread.

Why not? At the end of the day, it’s your wallet. Who cares about fake internet points. If the vehicle is worth it, then it’s worth it. It’s bad PR but in 15 months as you sit in the vehicle will you really care as long as it’s solid? We’re in a world of 100k non M/AMG 5/E, 100k boxsters.

once again the PR (and the wait) are unacceptable but as long as the product is good, that’s really all I care about

 

[BoisVert]

Why not? At the end of the day, it’s your wallet. Who cares about fake internet points. If the vehicle is worth it, then it’s worth it. It’s bad PR but in 15 months as you sit in the vehicle will you really care as long as it’s solid? We’re in a world of 100k non M/AMG 5/E, 100k boxsters.

once again the PR (and the wait) are unacceptable but as long as the product is good, that’s really all I care about

Yes. I care about a $78K vehicle and a $96K one. Care a lot.

 

[protamine]

Yes. I care about a $78K vehicle and a $96K one. Care a lot.

That’s not what I or the other poster said. Of course everyone wants another 18k in their pocket. The question is if the vehicle is still worth it.

a 96k becomes 89 w TC and the cheapest 7 seat modelX is 115…

 

[Rivian635]

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.

If nothing else I would like to see this get traction so there is no hiding this issue during the call on March 10.

 

[BoisVert]

That’s not what I or the other poster said. Of course everyone wants another 18k in their pocket. The question is if the vehicle is still worth it.

a 96k becomes 89 w TC and the cheapest 7 seat modelX is 115…

where do we draw the line? Should we draw it at $120K and be content if Rivian pulls this again in 2 years and it should be OK because it is really worth it (extremely subjective)?

 

[Tim-in-CA]

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

So true - and they sure have lost them. Poor fellas. Just think of all the time they have wasted.

It's like when animals eat their young to survive!!!

 

[Tim-in-CA]

This...I hate dealing with dealers but I bought a Telluride at MSRP after doing enough research. I'm sure I'll be able to do that again for an EV9

EV9 is looking better and better ... Just make it an electric Telluride and they will have another winner on their hands!

 

[888tom888]

So if they kept the old pricing for us LE holders can you imagine how much 'flipping for profit' would happen? They'd have to stipulate that you can't sell your spot or your vehicle - tough to enforce. As much as I want to hold out out hope for us LE holders I fear no bueno.

My chat with CS a couple days ago now makes sense. He pretty much guaranteed my May-June timeframe would be met!!

Maybe we'll get the Tank Turn update and ... Free charging - LOL

Granted Rivian projected the price and circumstances have changed. In my opinion, you honor those that took the chance and committed to you. On their revenue calls they promoted how many reservations they had. So they used our commitment to them to create value for their stock and to their investors and now to come back to LE customers and fleece them with a 16K bump, WOW. As I said in my first post. Not even Musk is that bad with Tesla's pricing.
I have a business that relies on products from China. I signed a contract at a certain price. They had to honor that price. They also had a going forward pricing structure that added 50% to the cost of future products. But they did not try to gouge me on my first order. Doing the right thing can be painful at times. The bad press from this can't be good for them.

 

[dpc166]

This...I hate dealing with dealers but I bought a Telluride at MSRP after doing enough research. I'm sure I'll be able to do that again for an EV9

Yeah, I'll definitely get MSRP or under that when I buy. I don't fall for their BS and their other fees they try to hit you with. I also play the game with financing planning to finance the entire way, then say that I have financing set up elsewhere, write them a check for the car, then leave.

 

[shamoo]

An X5M is $110K without Comp. Which is a hell of a car for the money.
A Cayenne GTS is about $120-$130K well-spec'ed.

Again, to clarify, it is not an argument if the Rivian is or is not worth $90K. That's not the essence of this thread.

Agree on the argument here.

But X5M is a German vehicle and if you know German vehicles, options will make/break you. Options can add up to the cost of a Honda Civic or more. Even the non-comp doesn't come close to the performance of the Rivian plus you can't off-road an X5M. I have one. The brakes are too big to support any semblance of off-roady tire. If you're lucky you get a snow tire on there.

BTW I get between 9.8 to 10.2mpg. With SoCal gas prices, that's $80-100 per week in gas alone.

Cayenne GTS/Porsche options are even more ridiculous. You won't be able to get one for that price unless you get a base one with cloth seats. Expect another $15-30K in options easy.

Fact is, there isn't much out there if comparing apples to apples in the same price range. When talking non-EV vehicles that compare in performance, gas mileage numbers are ridiculous. I looked/considered a number of them prior to buying my X5M.

 

[bd5400]

Yeah, the front end supposedly not so bad in person... and maybe pick a color that blends - such as the dark grey they offer (for $0 - unlike rivian and its expensive colors).

Also, chat with a few dealers and see if you can get in on the iX MArch production slot - delivery in April/May.

Doug Demuro posted his review of the iX today and it has a fair number of features I didn't realize were there. Things like radiant heating via interior panels, electronically dimming glass roof, the awesome third person perspective surround view camera, etc.

Styling aside, it's a pretty compelling package, except a frunk would have been nice.

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