Rivian to cut 6% of workforce amid price war

[DuoRivians]

Ditto. It's not pessimism but realism to point out the realities of Rivian's current software shortcomings and insistence on reinventing every wheel.

100% disagree but we’re just talking past each other

Sponsored

 

[DTown3011]

Dark days for Rivian. My heart goes out to all the folks let go. Stock is down another 3.6% on the news which puts the market cap only 4 billion higher than their cash on hand. Considering Rivian has an order for 100k delivery vans from Amazon worth billions, the passenger vehicle side of Rivian is essentially worthless. The lack of EV rebates on any of their vehicles combined with price pressure from Tesla along with the cooling economy is quite the headwind for Rivian. I expect my stock to go to zero. That way I can only be pleasantly surprised. I hope we don't all end up like the folks who bought Fisker Karmas.

 

[sacramentoelectric]

Considering I bought IPO shares, my pint is already a shot glass. Not particularly important in comparison to the lives overturned by the layoffs but I don't have any smaller glasses to pour into. Can you spare a thimble?

 

[Dark-Fx]

I do know what I'm talking about because I've owned two Rivians, have extensive experience with the software in both, and I've worked in software for years. Rivian insists they can build so much of the experience themselves, then fails to deliver. That is a poor reflection on the responsible team. Their strategy is clearly untenable and should be cut.

Rivian should fire some of their customers, that's for damn sure

 

[astonius]

Rivian should fire some of their customers, that's for damn sure

If y'all want to hail corporate and accept a sub-par product, be my guests.

 

[Dark-Fx]

and accept a sub-par product, be my guests.

Says the guy who has owned two Rivians? Guess they aren't sub-par?

 

[astonius]

Says the guy who has owned two Rivians? Guess they aren't sub-par?

The infotainment sure is. And that's what we're discussing here. Try to keep up!

 

[Dark-Fx]

The infotainment sure is. And that's what we're discussing here. Try to keep up!

You just love to be hurt, that's all I can deduce from any conversation about Rivian I have with you.

 

[DuoRivians]

You just love to be hurt, that's all I can deduce from any conversation about Rivian I have with you.

Met plenty of people who are always the victim and find always things to complain about. If not the infotainment today, it’ll be something else to complain about tomorrow. Generally, avoid them

 

[sacramentoelectric]

Met plenty of people who are always the victim and find always things to complain about. If not the infotainment today, it’ll be something else to complain about tomorrow. Generally, avoid them

Is now a good time to talk about Carplay? /s

 

[MountainBikeDude]

Dark days for Rivian. My heart goes out to all the folks let go. Stock is down another 3.6% on the news which puts the market cap only 4 billion higher than their cash on hand. Considering Rivian has an order for 100k delivery vans from Amazon worth billions, the passenger vehicle side of Rivian is essentially worthless. The lack of EV rebates on any of their vehicles combined with price pressure from Tesla along with the cooling economy is quite the headwind for Rivian. I expect my stock to go to zero. That way I can only be pleasantly surprised. I hope we don't all end up like the folks who bought Fisker Karmas.

Rivian is moving, slowly, but moving against one hell of a headwind. COVID. Supply chain constraints. Third party price increases. A looming recession. If they make it through all of this, which I think they will, but a little poorer, they'll be that much better off coming out of it.

 

[Dark-Fx]

Rivian is moving, slowly, but moving against one hell of a headwind. COVID. Supply chain constraints. Third party price increases. A looming recession. If they make it through all of this, which I think they will, but a little poorer, they'll be that much better off coming out of it.

I'll make sure to tell RJ you said nice things the next time he sends me an e-mail.

 

[DJG]

The infotainment sure is. And that's what we're discussing here. Try to keep up!

It's the best I've ever experienced in a vehicle, by a long shot. See how easy it is for there to be other opinions? I know your kids just taught you how to use your iPhone, but try to keep up.

 

[Dark-Fx]

It's the best I've ever experienced in a vehicle, by a long shot. See how easy it is for there to be other opinions? I know your kids just taught you how to use your iPhone, but try to keep up.

Some people are just very particular about how they are infotained

 

[moosehead]

You guys are going to be a bundle of joy once we actually have a recession.

Sponsored