R1T & R1S Updated Pricing, Configuration, Specs. Dual Motor Now Available

[Riviot]

How can a 8/2019 pre-order be built for pre-orders from Jan and Feb 2019?
From what (little) I know, only 2018 pre-orders are being built in '22 Q1.

I'm having trouble reading through your typos but... He got lucky with the right configuration, delivery area, and LE reservation to get a token (and randomly assigned) Guide contact last year. Then he switched to R1S and the system didn't catch him.

As a 2018er who went took the bait for Forest Edge, I'm regretting my $2k, no wait, $12k decision.

Sponsored

 

[Zybane]

Rear seats fold flat to the floor. No specs as to volume difference, but the USABLE extra cargo space is probably very minimal.

Lol I love how people think the "floor' is some sort of dimensional portal that swallows seats. Two extra seat backs, two seat bottoms and the folding mechanism take up a significant amount of storage space.

Forcing all R1S's to 7-seaters is completely IDIOTIC.

 

[Zybane]

My R1S Adventure package jumped $18k. I'm probably out, but I am going to ride it out for another couple of weeks or months since mine won't go into production until 2056 anyway. It'll be interesting to see what happens to the stock price tomorrow.

Wait, how are you getting one so soon?

 

[GPowers]

Dropped ALL my extras except the charging adaptor. My R1T is now a no extras Launch Edition. It is sad as the extras are what make the R1T more fun. But the price is back to something doable. I have been in the waiting line since 12/28/2018. I missed the cut off for keeping the original price. Some people got to keep the original price IF they were in the purchasing process. I am getting very close the clicking the "CANCEL MY ORDER" button.

I am tired of the delays, missing features, price increases and required subscriptions. The dream is fading fast.......

 

[the long way downunder]

I'm having trouble reading through your typos but... He got lucky with the right configuration, delivery area, and LE reservation to get a token (and randomly assigned) Guide contact last year. Then he switched to R1S and the system didn't catch him.

As a 2018er who went took the bait for Forest Edge, I'm regretting my $2k, no wait, $12k decision.

Hilarious; point out any typo or ambiguity … as for "system didn't catch him" … pfft!

 

[the long way downunder]

I ordered an F250 Tremor in August. I am taking delivery next week. I waited almost 7 months but I have skirted longer delays coming just after my order. Dealers are marking this vehicle up $10-$15k on trucks that have arrived and are not claimed. Ford is honoring pricing on the date ordered. I respect this approach. To think that labor and supply challenges are not confronting both companies is ludicrous. It's how these companies deal with these issues that defines them. To think about Rivian's market capitalization value compared to Ford and yet they have no issue marking up unit cost to their long term supporters is not a supportable argument. I as many here also supported their IPO. The valuation was questioned at the time. However, I supported what I thought was their vision. So now my vehicle order cost has increased 20% as an early adopter (2019). Additionally, my investment in a company that I did believe in has decreased by over 20%. I am feeling that the fairy tale is coming to an end for me.

You've done well to get a Tremor. I have an F-150 Hybrid. Price is/was a dealer lever. I paid full msrp despite qualifying for an employer fleet price. The dealer just said "nope." To their credit they could have said "bye" and put it on their showroom for $15K over and sold it before I could turn around and say I changed my mind. All the sought-after Ford pickups have been subject to dealer mark-ups and long delays. Ford and Rivian are worlds apart. Ford makes more F-150s while I type this post than Rivian has ever built … : )
The "chip shortage" hits Ford a lot harder than it hits Rivian … making a million cars is a lot more expensive operation than having one factory and hand finishing a few hundred cars. Ford has supplier contracts pre-dating the pandemic and those suppliers have failed to maintain their contracts through the pandemic. I guess there's always "force majeure" and "act of God" clauses for corporations to fail and avoid the consequences.
Rivian had to reprice to balance supply and demand. I think the timing of this price adjustment begs the question of whether the executive team are doing this to reshape their revenue projections.
Ford is copying Tesla. Rivian is copying Tesla. By 2030, as BEVs begin to catch up to ICE production (projected to overtake by 2040 … but all the big auto makers are doubling and re-doubling their billions in new factories and their production guidance) hopefully we'll see both Rivian and Ford as strong BEV competitors.
The DSP was a good idea and remains a long term prospect for retail customers. I think of it as a five to ten year proposition, though I wish I'd taken the initiative to sell at $170 … that was some silly nonsense going around the market.

 

[cc84]

Not sure I get the outrage. The price is 100% inline with competition, still better (at least for me), I have only put in$ 1k, and get to cancel anytime up to the day of signing.

Getting upset seems a bit much in the circumstance...

I can only speak for myself, as a 3 yr. preorder holder, so you can understand my disappointment, not outrage.

My take is Rivian should have anticipated price increases for the past 3 yrs. (which they probably did), yet they wait until the last minute, after their IPO and before "real deliveries" begin, to announce an increase for everyone. I was afraid this was going to happen. I kept trying to find some "real deliveries", to see if they paid the configurator price. I never could, so that's why I thought there weren't deliveries being made. That is my No. 1 issue with this present problem. It's not so much about the price, but the principle. In addition, most, if not all, know we can get a refund. I also know Rivian has the right to adjust pricing. However, there's no doubt in my mind they've known they needed to increase their pricing for a while now. They could've handled this better (IMO) and adjusted pricing for future reservationist, when determined to be needed.

Admittedly I know knowing about Auto Manufacturing, but I do know if you quote someone a price, you best have the materials purchased in order to keep the price firm, or someone's going to be unhappy.

Second, you should have someone in management that knows the value of their product at all times. If/when you realize you need to raise the price, then the new price should be reflected ASAP on all future reservations, not the existing ones. The existing reservations should be covered by materials already on hand.

The mistake Rivian made, IMO, is lumping all 3 years together, when they could've increased prices gradually, maybe yearly, for future reservations. I wonder why they didn't? Maybe it would look better for their IPO, to have more reservations? I doubt they do now.

If prices had increased $15,000 per vehicle prior to the IPO, I'm sure there would've been fewer reservations. Was this intentional, or does anyone think they just discovered they needed to raise their prices yesterday, March 1st?

Along with the lack of communication, it leads me to believe this was all meant to reflect well on their IPO. Going into the IPO, the pricing had not changed, there were substantial amounts of reservationist, and the first Electric Truck was said to be in production.

Now, after the IPO, pricing has increased and reservations may have decreased (speculation, but from a good source, this forum). As far as production prior to the IPO, that was a misleading statement IMO. I feel production may just now be beginning, but not even sure about that.

Where is Peashooter?

 

[SMG]

Welp, guess I'm done. I can't justify a truck that once cost $83,000 now costing $96,000. That's just dumb.

Yeah, I had configured my R1S right at $79K since my state is pushing a $7500 tax rebate for EVs under $80K. With the federal rebate, that was going to be about $65K, a number I'm comfortable with. So not only did the cost go up about $13K, I'll likely be losing out on the $7500 state rebate. Now we're almost at the price of a Model X and there would be faster delivery for the X. I'm not cancelling my reservation yet but I'd say it's less than 50% that I follow through with purchase now.

 

[SeaGeo]

Excellent thread on this from an early reviewer.

 

[SANZC02]

Model X is a hell of a lot more than that. $113k for a basic 7 seater. Go hit the site if ya don’t believe me.

it is, 115k without autopilot, 127k with it for the base model with 332 mile range.

 

[SANZC02]

Yeah, I had configured my R1S right at $79K since my state is pushing a $7500 tax rebate for EVs under $80K. With the federal rebate, that was going to be about $65K, a number I'm comfortable with. So not only did the cost go up about $13K, I'll likely be losing out on the $7500 state rebate. Now we're almost at the price of a Model X and there would be faster delivery for the X. I'm not cancelling my reservation yet but I'd say it's less than 50% that I follow through with purchase now.

If you configure a Model X today, without self driving it is 115k with an estimate of Jan 2023….

 

[SeaGeo]

If you configure a Model X today, without self driving it is 115k with an estimate of Jan 2023….

And we all know Tesla isn't going anywhere. At this point I don't know if Rivian will survive next year.

 

[Rousie13]

And we all know Tesla isn't going anywhere. At this point I don't know if Rivian will survive next year.

This is a key fact and very good point. This is also one of the key points to me most likely eventually cancelling. Hard to swallow $90+k when I was thinking $70s on a startup especially when I haven’t even seen the vehicle in person. Not to mention no service support close to me.

 

[Sneaky2Toes]

This price hike is large and a hit to the gut. Right now it seems like we are being shafted, but the other mfg's have not come to market yet. Everything has increased in price recently. There is a good chance that Ford, Chevy, Hummer etc, will have to increase their prices as well once they actually have a product rolling off of production lines. There is a chance that even though these increase hurt now, Rivian might still come out of this a year or more from now looking like a bargin. Maybe....just maybe...

I was really on board and excited to go EV. 80-90K was more than I really wanted to spend but was willing to bite. Now, just thinking.... it would take me 20 years to spend 100K on gas.....perhaps I'll just drive my paid for Jeep a bit (until it dies) longer..

 

[SANZC02]

And we all know Tesla isn't going anywhere. At this point I don't know if Rivian will survive next year.

Maybe, time will tell. It still seems to be a good value at the new price.

Am I the only person who had a price over 100k in my head when I made the deposit before pricing was released? That was just off of the specs I was reading and comparing to other vehicles.

It is still under what I budgeted. I’m dropping the charger, not a great deal at 750. I’m also dropping the 2k under body shields, really only had that for the tow hooks. Gets me at 93,550 so a 16.3% increase.

Just for a value reality check, I paid 77k in 2016 for a rear wheel drive Model S with a 75 kWh battery. That was 6 years ago, before the price increase today my R1S was only 3.4K more and that was with crossbars, wall charger, and spare tire.

Plus 77k in 2016 would be 90.2k in 2022….. so with adjusted inflation the new price is 3.35k higher.

Don’t get me wrong, I’m disappointed this was so last minute and even more disappointed this did not come from RJ instead of “The Rivian Team”. Also a little bit of a bad taste that the 2k+ employee deliveries went out at the lower price.

Sponsored