Rivian should set aside a portion of money to cover sold vehicles through their warranty period since they're a few quarters away from running out of cash. I know they won't but it would be nice to avoid a Fisker nightmare x10.
You're talking about $1 million in shares against a market cap of 12 billion. So 0.0083%, let's round up to .01% for such a strong showing of confidence from management.
Rivian has average daily volume of 28 million shares traded, 78k shares would be .27% of daily trading volume. LOL
The car could do zero to 60 in 2 seconds, have 500 miles of range, seat 9 and it would mean nothing unless Rivian can sell it profitably. Currently market doubts their ability to do so.
The Tesla comparisons are pointless because Tesla benefited from a low interest rate regime, which we are...
I’m not wedded to CarPlay, I also use an Android phone and use android auto, it’s just those two solutions have all the features I want in a vehicle infotainment system.
If Rivian offered something that let me stream my music library in higher fidelity, dictate texts, take calls from other...
“While we were talking, a GM spokesperson broke in to note that Chevy Blazer EV reservations remain steady since the news was announced that GM was phasing out CarPlay and Android Auto. He wouldn’t comment on how steady, except to note that they added “a couple thousand” new reservations.“
Got...
Bob there are Rivian owners who want CarPlay after using Rivian’s infotainment, myself included.
For those that do not want CarPlay, they can continue to use Rivian’s in house solution unabated.
For everyone else, we’d like a feature offered in 90% of new vehicles sold.
The only thing I see when I look up GM and CarPlay are articles about customer complaints. Perhaps you’ve been reading something else. Can you share?