You can get an employee referral discount ($6,000 off) on Gen 1 R1T with the large pack.
Doesn't apply to standard pack, max pack, or Gen2/2025 models.
Here's an interesting article on how the JV came together in secret:
Cloaked Audis, covert CEO meeting: how VW's $5 billion Rivian bet transpired
https://www.reuters.com/business/autos-transportation/cloaked-audis-covert-ceo-meeting-how-vws-5-bln-rivian-bet-transpired-2024-06-27/
Chiming in like the others. My 2023 LE is 20" AT with no spare or underbody.
They switched to the "All-Terrain Package" sometime last year, but orders / reservation holders before that change could still buy those options unbundled so there's no way to rely on any of those items being there...
Claire just confirmed on the investor call that the capital infusion *is* designated to go directly onto Rivian's balance sheet (rather than into the JV itself). Big, important, and positive distinction.
So basically, you'll have $3B going into Rivian directly (assuming all 3 investments are...
They just announced on the investor call that the initial $1B investment is via an unsecured convertible note that will convert in 2 simultaneous tranches - $500M at a little under $11/share, and another $500M at the 45-day weighted average share price immediately prior to the later of...
Ouch. Worst I've got is some 12/25 $30 calls that I sold last year (at $10.05 credit) when the stock peaked lol - I'm invested enough in Rivian that it would make my day if those actually expire ITM for the buyer
Details are still trickling out (investor call is at 6pm Eastern), but it almost certainly will dilute existing shares when each of the 2 planned $1B investments are made (2025 and 2026).
However, the benefits / value of the partnership and debt that VW is extending will almost certainly...
I think they were just requesting / speculating (I believe new VW buyers get their first 30 minutes of each charging session at EA free for the first 3 years of ownership).
Great news IMO. This creates & diversifies revenue streams and allows them to recoup R&D costs that they've already incurred (and will continue to incur though the development of subsequent models).
The investment is huge to current liquidity, but more than that it significantly improves the...
I didn't even think about that. Now I'm even more intrigued...
I'm assuming the ID. Buzz is too far along in development to benefit from this, but lots of intriguing possibilities that could come from this.
Update from investor call:
Claire just confirmed on the investor call that the capital infusion *is* designated to go directly onto Rivian's balance sheet (rather than into the JV itself). Big, important, and positive distinction.
So basically, you'll have $3B going into Rivian directly...
Man, so tempted to lease an extra Gen 1 T with all these offers available currently. Don't need it by any means, but the wifey would also be perfectly happy to have my R1S if I did it... someone please talk me out of this ASAP.
Wouldn't you rather have the ability to "push" your car to 100% of the available battery (understanding that there is always going to be a small buffer present), rather than being limited to a smaller % of the available battery that you can never access or use?
Connecting devices to the in-car Wi-Fi (hotspot) is already active currently - no change there. Your kids should be able to connect to that to stream on their personal devices while you are driving.
The change being mentioned is that, in a future software update once Connect+ goes live, the...
I think an undriven EV would likely have significantly less value in the future since the battery will inevitably degrade over time unless the owner is extremely careful to keep it on a charge / discharge schedule that maintains battery health.
Also agree that there isn't likely to be a...