I hope that light fixtures in tents in campgrounds don’t become a thing. Admittedly, we are already there with RVs, but this one is higher and can be seen from farther away.
I love the dual glove boxes and the real instrument panel. It’s better than I expected. I might not be a fan of the haptic steering wheel buttons, though.
I don’t like this R3 styling, but I do like the Ioniq 5. The R3 body panels are too simple and don’t have enough detail. To each their own, though.
The stock was down on the expectation of huge cash raise for the Georgia factory. As I predicted last week, if the raise is less than the market expects, the stock would pop.
That happened today as Rivian announced they’re not going to bleed cash into Georgia factory for the time being...
The R3 takes me back to the early 80s, and I don’t really want to be on that ride. Still, a lot of kids won’t remember the 80s and will have no baggage around buying it.
0-60 time is similar to the Volvo EX30, which is cheaper but slightly smaller. It’s unnecessary to have a car that fast, but you get it for free with EVs, really. Not much extra engineering is needed.
This R3 PR play strongly telegraphs that a huge capital ask to the public markets is imminent. Why else would they pump so hard? It’s cover for cash they need to raise anyway. Right out of the Tesla playbook.
If demand continues to drop, they're going to magically increase production efficiency in Normal by so much that they "won't need" the GA factory. That's good, because it's expensive. They will put it on the back burner for another five years, is my prediction.
I hate to break it to you, but no evil conspiracy of FUDsters is trying to “kill Rivian” on this forum. Even if they were, forum posts don’t matter at all.
The Osborne Effect you describe is real, and Rivian already faces weakening demand. Also, competitors like Kia are already doing it better at that price point. They will have to raise a lot of cash, and the quality of the R2s will be as bad as, if not worse than, the R1s, since they will be in a...