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I know but it’s really bad if Amazon is unwinding their position!

The high volume could also mean big shareholders like Amazon are selling. We will see

RJ and CFO keep repeating 30% cost saving from Q2 shut down + 10% saved from salaries. Some math: Cash burn is around 5bn, 30% of that is $1.5 2024 starting cash is 10bn 2024 ending should be 10 - (5-1.5) = 6.5 2025 starting cash should 6.5 2025 ending should be 6.5 - (5-1.5) = 2.5 assuming...

Beautiful! I wonder why did they pick Q2 and Q3 to shut down the lines, why didn’t they do in Q4 23 since they knew Amazon wouldn’t take delivery!

I think he looks tired than worried, it was 5am where he was.

Nope I am a long term shareholder but he is frustrating. Check this out

the price just hit ATL!

Disaster for shareholders and I blame RJ for misleading and lying.

Well they says positive margins by Q4 2024, so not too long before we see $0 loss per car

Rivian Ofcourse

30% cost saving

You are right, the 30% cost saved from Q2 and Q3 shut down should result in at least $1bn or $2bn in cash saved. Let’s hope it’s not a lie!

Elon is at on X, predicting Rivian bankruptcy in 6 quarters!

How low do you expect the stock price ? Hard to believe it’s trading near ATL (during COVID mind you!)

They keep saying several weeks and they don’t give estimates of the impact on production , I hate they not transparent about it!

I think they will miss the 57k target! - they said Q1 will 10% to 15% lower, let’s assume 15k cars produced - Q2 and Q3 very slow because of the shutdown ( let’s assume 10k) it seems then they need to produce 35K in Q4, is that possible ?

It seems to me that most people agree that Rivian has great products but is ran inefficiently. RJ would be a great CTO or chief engineer but not as a CEO, he is not the crazy genius type like Elon, Zuckerberg, Jensen nor the corporate guy.

Exactly! Basically 2024 production lower than 2023

Very disappointing to see the guidance, I didn’t care much about revenue and earnings but I expected much better from guidance. I truly hope this is a tactic from management to be very conservative and it’s not the most likely output. Expecting negative sales growth for a growing company is a...

Great article!