Locator: 46868EVS.
Tag: Rivian.
Highlights:
- burning cash
- it's one factory is shutting down for one month to re-tool
- plans for a new Georgia, US, factory on hold
- their hoped-for cash cow won't be available until 2026; announced early 2024;
- dissatisfied early buyers
- overall EV market in disarray --> pivot to hybrids?
The links:
- https://www.teslarati.com/rivian-normal-factory-shutdown/
- https://www.carscoops.com/2024/03/rivian-stops-taking-new-orders-for-r1t-and-r1s-as-it-readies-for-factory-retooling/
- https://www.ajc.com/news/business/with-rivians-pause-neighbors-near-georgia-factory-site-wonder-whats-to-come/34T2XTP3JZCCBMXISPIHTVF2BI/
- https://www.autoevolution.com/news/rivian-sets-expiry-date-for-customers-with-special-pre-order-pricing-it-s-the-end-231592.html
- https://finance.yahoo.com/news/could-r2-rivian-profitable-2026-081100916.html
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At The Blog
EVs: link here.
- scorecard
- cash burn
- graphite
- not for me.
- "Energy transition is dead" is followed here.
- EVs charging.
- cold weather -- reality sets in -- January, 2024
- resale value -- a deal-breaker
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