Munro was a consultant - lean design is a good idea. Makes sense for R2 to make it easier to build, more serviceable and repairable.
I haven't met him in person yet even though they are pretty close to me. I have met other people I've only listened to at 1.5x speed before and it's definitely a struggle.
I don’t blame him - It’s not his fault I am impatient. But it WOULD help if he simply talked at 1.5x speed.
I applaud Hyundai/Kia’s steadfastness. They see the future, and decided to stay on course. But many will view the collapse of many Chinese EV makers as “a canary in a coal mine” for many EV makers, thus will continue to drive down EV stocks. Then there is a fear of arrival of Chinese EV makers on US soil such as BYD who makes fabulous vehicles at substantially lower price point. It reminds me of Toyota and Honda dominating our legacy automakers in 80-90’s. It’s a tough industry.
There is no doubt that RJ should improve his communication skills with capital markets, I am sure he is great when it comes to suppliers, designers and anything related to the car, but he is not the best when talking to analysts , shareholders and TV hosts. I was a META shareholder when Zuckerberg made the famous “a year of efficiency”, he said it 15 times or so on the ER and the market loved it resulting in a stock near $500.
Sometimes people read anonymously and only have something to say when momentous news breaks. Regardless, I would focus on the merits of the post and not on attacking the poster. As hominem is standard Tesla cult stuff, and we are better then that!
There is….he sees they are going to be out of cash before they can finish and produce R2. That’s a reality and they either need to get another cash infusion or be acquired. I would be having serious talks with Amazon
Not a troll an investor and an owner
The street never likes being surprised (embarrassed) and that's exactly what happened. RJ does not play the Wall Street game and apparently doesn't talk that much, if at all with analysts. I went back and listened to Q2 and Q3 earnings calls..RIVN clearly warned of the Amazon delivery issues...street either missed it or didn't care. Claire was very clear that margins in Q4 would suffer since MUCH lower EDV deliveries would take place in Q4 (lower produced, way higher margin producing units)..Q124 should benefit from that (and Claire said in the Q3 call that Q124 would be "clean"..The issue is there are sooo many moving parts in a start-up..BOM, raw material costs, production efficientcies, demand, orders, fall-out,interest rates and obviously emotions...Wall Street hates uncertainty and auto start-up are full of them...we have the right product/mix and solid senior mgmt who have their life on the line,....they are fully invested. Q4'24 is make or break..We'll have an updated R1 with all the cost reduction bells and whistles in place, R2 orders and hopefully a declining interest rate environment, and lastly new EDV test pilots with hopefully a large user (UPS??)...And I also think that the balance sheet will have a face lift by then (more debts/convertibles, public equity raise/Amazon equity injection)..We have 10 more months to see if this company swims or sinks..These are the facts as we know them today..We have 10 months to go!!!!
