Not too worried. It will work itself out. We just gonna need a lot more fast chargers in general. Tesla is currently instally 7-9k stalls per year in the US and selling about 1M vehicles per year.
I don't see how they survive til R2 ramp, sometime in 2026, without new cash. So, something will have to give. Demand for expensive EVs is limited, and they have limited cash. Their opex is at nearly $4b annual run rate. Even with a 10% layoff, they're still looking at spending $3.5b+ this...
They will definitely need to raise cash, and the sooner the better. I wouldn't be surprised if they did it right after the R2 reveal, using the buzz to get more cash. They need to spend another $3-4B for the new plant and their cash burn is out of hand. 10% RIF may be a little light frankly.
I agree. The widening loss per vehicle is concerning. At this point I wonder whether they'll ever be able to make a profit on the vehicle. They're burning $5b a year for operations and they need to find a new multi billion $ factory. They gonna have to raise cash to make it to R2 production...
About getting a Tesla 3 LFP for commuting then. It'll consume less than half what the Rivian uses, and the LFP batteries will last longer. In the long run, would be cheaper