CONCERN: RIVN have enough cash to to go beyond 2025 and launch R2?

[Gr8Barn]

It is a bit concerning when RJ stuttered and deflected when asked if they will have enough capital/cash to launch the R2 platform and continue to deliver beyond 2025. Postive gross margin is one thing, but cash flow is another. Watch video at 3:50 and then the question asked again at 5:09.

https://cnb.cx/4bZVk6H

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[tosehee]

If the demand slows down, then probably not. I guess they plan for the best case scenarios.

 

[emoore]

Rasie more capital.

 

[vandy1981]

Concern: I am concerned that you are concerned about Rivian being concerned about sales/demand and responding appropriately to this concern with layoffs and cost saving measures, especially when every other automaker has the same concern.

 

[Gr8Barn]

Concern: I am concerned that you are concerned about Rivian being concerned about sales/demand and responding appropriately to this concern with layoffs and cost saving measures, especially when every other automaker has the same concern.

You should be concerned, or maybe not and you can keep your head in the sand and complain when you can't reach anyone for service or the value of your vehicle drops like a rock.

 

[vandy1981]

You should be concerned, or maybe not and you can keep your head in the sand and complain when you can't reach anyone for service or the value of your vehicle drops like a rock.

What's the point of being CONCERNED? Just enjoy the truck or sell it.

 

[Dark-Fx]

The CEO of a publicly traded company should avoid answering questions they don't have an answer to. Even saying he can't answer that is an answer. I am not concerned about the deflection.

 

[Riviot]

You should be concerned, or maybe not and you can keep your head in the sand and complain when you can't reach anyone for service or the value of your vehicle drops like a rock.

 

[moosehead]

Can tell the concern is significant with use of caps lock.

 

[Dark-Fx]

Can tell the concern is significant with use of caps lock.

 

[Redline]

They'll have options to raise capital if needed.

First step is to nail the reveal on the 7th.

 

[Gr8Barn]

Rivian announced the issuance of convertible debt last year (Oct 5, 2023) when the stock was double where it is today ($23 vs. $11.50). The stock tanked and since then, they have burned through almost all of what they issued. You cannot keep issuing debt and halving your stock price AND continue to produce vehicles (at scale) and provide service to the ones you have already sold and not be concerned about the future of the company. As a RIVN fan/owner, I want them to wildly succeed, but laying off 10% of corporate staff isn't going to solve the lacking demand problem for all EV's and the punitive higher interest rates (which their corporate debt is a victim of and now nearing junk levels). They need to incentivize buyers will great offers. They need to deliver on all the early reservation holders ASAP as they have the inventory, they just don't want to lower their average sale price per vehicle. Confidence in RJ is lacking.

 

[Vonmec]

It is a bit concerning when RJ stuttered and deflected when asked if they will have enough capital/cash to launch the R2 platform and continue to deliver beyond 2025. Postive gross margin is one thing, but cash flow is another. Watch video at 3:50 and then the question asked again at 5:09.

https://cnb.cx/4bZVk6H

I would say the larger question is can any specialty car manufacturer survive on relatively low volume? Rivian is domestic do they need to be selling around the world and how can you do that without a global manufacturing footprint. I have had 5 teslas (S, 3P, YP, 2Xs) and one Fisker and an RT1 quad w large pack and by far the RT1 is my favorite. I have a founders edition Cybertruck coming and I am really excited to compare with RT1 - I'll be shocked if I like the Cyber as much as the RT1. But no they don't have enough cash to shut down production in the 2nd quarter, and build a new plant in Georgia, and continue investing in research and development. Zero hope for Fisker and Lucid unless someone merges all three together to make a Tesla competitor - call it United EV of America! one note to ponder: Tesla gets about 10,000,000 miles of driving data per day from the cars they have built and are on the road - who can duplicate that??? Who can catch up to that??? Elon needs to be kind and buy these guys. Again I love the RT1 w 835 hp and 347 mile cruising range.

 

[Cycliste]

What's the point of being CONCERNED? Just enjoy the truck or sell it.

I'm more concerned about the drive to the start of the Club bike ride, and back home. Some drivers weave through traffic like it is GTA.
The ride itself has the risk of a fall and a hip fracture. Four guys in our small club have had their hips pinned.

 

[DuoRivians]

At this point, Rivian should just raise $5B now. I bet the share price would actually go higher afterwards. Relief from the capital overhang being over.

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