Pre-orders are not "sold cars". A lot of people have been fulfilling their pre-orders and even later orders to arbitrage there pre-order (or just the new price) with the market price. If you noticed that margin has shrunk pretty dramatically, but we'll see. You may right. The main problem...
Classic Rivian! They have customers with pre-orders from 2019 unfulfilled, and they are making cars available for same day sales! Just tickles my heart! :(
An example to remember though is, let's say, Studebaker. Probably one of the most advanced cars on the market at the time. They could not manufacture and sell at competitive prices. And of course some of their cars did survive with one of what was the "Big Four" at the time. Later winnowed...
Do you think when 2025 is approaching and they are down to their last billion that people won't consider the life of the company and their ability to service the car as part of their purchase decision. My guess is that they already are. I know that I love the product (I think) but it has to be...
I wouldn't know. I ordered mine nearly 4 1/2 years ago. Still waiting...., at least they sent me the VIN. Pretty frustrated with how they deal with customers.
When I use the term "bamboozled", I am referring to what I saw as "pumping" the stock prior to the IPO. Pumping isn't necessarily nefarious, but I think they were. It seems that they had to have known that their pricing was way too low, below cost. But, shezaam! Right after IPO they made...
I have a very similar opinion. Not sure what the ramifications of them going broke and leaving me an orphan are. (I had that happen on the first computer I purchased, an APRICOT, if anyone has heard of that one). It hurt. Likely BK, I'm guessing.
You're misunderstanding a basic fundamental. They sold the fact that they were building these vehicles and could make a profit at $X. They conduct an IPO with this info and a week after the IPO they say, "Oh my how costs have gone up! We need to add 20% to our prices." There is a demand...
The Guides are not fully aware of the Rivian practices on this. Rivian forced me to change my configuration in Oct of last year. Apparently they did not decide that they weren't going to allow Canyon with Forest Edge until the end of running Black Mountain. Then it was too late to get black...
That is what I thought. I'm now a bit closer to some intentionality to this. I really think they would not mind if some of us early folk said goodbye. I know that is speculation but it gets a little hard to believe it can all be assigned to bad management.
I am. More than a bit. They think their playing chess but they have lost the good will of many early adopters/supporters. Pre order 2/3/19 Launch Edition
They weren't being nice by extending early pricing. Their stock got slaughtered due to the fact that they had misled their investors and their customers about pricing in order to get a successful IPO. Their customers were also bolting for the door. It's all about the stock. This will be...