Quad Motor $2000 price increase, now $8000!

[SeaGeo]

doubt many would want to wait that long. dual motor wont be available until 2024 at the earliest.

I would gladly take a dual-core variant on our R1S as a zero cost change. I know a few folks who have said similar.

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[SeaGeo]

I'd be surprised if Rivian does 800v within 2 years. It'd be nice sure but there's huge patches of the country which don't have acess to an infrastructure that could take advantage of it.

As a few others have mentioned, almost every CCS charger in the country is 800v capable. There are some old low power chargers floating around, but there are ways to get around that like Hyundai and Porsche have shown.

The only large number of non-800v chargers are superchargers. Every EA station is 800v capable.

 

[atebit]

So true. I appreciate this post, as someone who paid $8k for FSD and woefully regrets that decision.

“Sorry” -Worf

 

[Attesan997]

I'm surprised they have not tried to "buy out" quad motor reservation holders by offering the new "standard" 4x4/2 motor build at a discounted price. I would happily drop my quad motor for a dual motor if the price was right.

I could see this being farmed out to the guides as they contact reservation holders.

 

[dduffey]

So true. I appreciate this post, as someone who paid $8k for FSD and woefully regrets that decision.

I'm there with you. Had EAP in 2018, adding FSD didn't really add anything useful (until FSD Beta this year). I bought FSD on repeated statements like "cross country FSD by end of this year" (2018) and "robo taxis next year" (2017). Selling my Tesla w FSD now and FSD brings almost nothing in resale value.

 

[Donald Stanfield]

I can see two possible things happening. The first is that Rivian has enough pre price hike reservations with the quad motor and post price hikes that will actually go through with the purchase at the new pricing to take their construction through 2023 and into 2024 that they won't bother producing the dual motor until then.

Second is that Rivian can get out their pre price hike orders halfway through next year and finds out that many of the post purchase orders cannot afford 110K for the quad motor and don't wind up going through the sale. 100K is a big threshold for most people when it comes to vehicle purchases. Plus most experts are predicting a recession based economy next year and I have a feeling that's going to bite into auto sales.

I have a feeling that there's going to be price corrections across the board as the demand bubble pops. Price hikes are putting vehicles, even ones who are luxury, into a whole different and exclusive class of buyers. Just like the super cars of the world that sell a fixed amount of units a year these high end EV's are approaching the price that only people who could afford to buy a Lambo or a G wagon can purchase. Heck, even Ford trucks at their top end trims are at that price. IDK who would spend 115K on a new Raptor R but that's what it's going to cost you.

 

[manitou202]

Tesla is extremely rational.......

You lost me right there.

 

[NY_Rob]

Agreed, Tesla is very aware of exactly what it costs to build a vehicle today and their vehicles are priced for today, not yesterday or tomorrow. When the CT is ready for production/delivery.. it will be priced to make a profit for Tesla as should be the case.
Being the "established" EV maker.. .they no longer have to offer vehicles at at a loss. If Tesla has to endure a 99% cancellation rate because the original $39.9K CT is now going to cost $79.9K they will, because they are not in the business of selling vehicles at a loss any longer simply because they don't need to.

The only reason Rivian had to backtrack on the big price increase for original res holders is because they didn't have four other model lines selling every car they can build like Tesla has.

 

[Tall_Rider]

Agreed, Tesla is very aware of exactly what it costs to build a vehicle today and their vehicles are priced for today, not yesterday or tomorrow. When the CT is ready for production/delivery.. it will be priced to make a profit for Tesla as should be the case.
Being the "established" EV maker.. .they no longer have to offer vehicles at at a loss. If Tesla has to endure a 99% cancellation rate because the original $39.9K CT is now going to cost $79.9K they will, because they are not in the business of selling vehicles at a loss any longer simply because they don't need to.

The only reason Rivian had to backtrack on the big price increase for original res holders is because they didn't have four other model lines selling every car they can build like Tesla has.

Tesla is absolutely NOT in a position to make a profit on Cybertruck. If they ever produce it, they will have competition from the Ford F-150 Lightning, Rivian and both Chevy Silverado and Ram EVs. The competition will dictate the pricing. And they need volume to make a production line profitable, so they can't produce with a 99% cancellation rate. Learn something about business and not EV industry fantasy.

 

[Tall_Rider]

Your post is riddled with falsehoods. There's a chance the hideous and comical Cybertruck is never actually produced. The specs will be vastly inferior to what Musk advertised. And the likelihood of Tesla making money is low. Good luck with your dreams.

 

[zipzag]

You lost me right there.

How is your business doing?
https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/

 

[NY_Rob]

Tesla is absolutely NOT in a position to make a profit on Cybertruck. If they ever produce it, they will have competition from the Ford F-150 Lightning, Rivian and both Chevy Silverado and Ram EVs. The competition will dictate the pricing. And they need volume to make a production line profitable, so they can't produce with a 99% cancellation rate. Learn something about business and not EV industry fantasy.

Why would they sell the CT at all if it's at a loss? How would that benefit the shareholders?

If they can't produce it at a cost that will turn a profit, why make it?

 

[rivianguy]

At the risk of making a series of sweeping and inaccurate generalizations my read on the EV truck market is this. Many if not most of the dyed in the wool truck enthusiasts (read their previous vehicle was a working pickup) will opt for the electric versions of established pickup manufacturers if they want to go EV. (Ford Lighting etc.) Rivian seems to strike a balance between utility and advanced features (adventure) that appeals mostly to the affluent and somewhat techy crowd. A small overlap with the 'working pickup' audience but more centered around relatively wealthy outdoor enthusiasts at present. Cybertruck on the face of it seems to be what you get when you take a computer engineer who has no real experience with actual truck usage and ask them to design a pickup that they think looks 'cool'. I suspect this truck will garner very little interest from the 'working truck' crowd and will steal very little market share from the 'outdoor adventure enthusiast' crowd and instead will appeal to the relatively high income 'please look at me and my truck' crowd. Beauty is in the eye of the beholder for sure, not my personal taste but that's why I'm on a Rivian forum not a Tesla forum. In terms of the 2 vs. 4 engine there's probably 2-4 years worth of demand from affluent customers with relatively low price sensitivity and after that Rivian will have to bring a product to market that is probably closer to the 50-70k range if it wants to continue to grow market share.

 

[zipzag]

Perhaps the most interesting aspect of Tesla is the bizarre reactions of people at both extremes

 

[dleepnw]

I would gladly take a dual-core variant on our R1S as a zero cost change. I know a few folks who have said similar.

me too but again the only problem is we'd be waiting until 2024 at the earliest. not sure i can wait that much longer.

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