More Powerful Rivians Announced -- September 20, 2024

Locator: 48337EVS.

Rivian links today:

Link here.

Link here. Look at the "starting" prices of these EVs.

"They" say overall sales of vehicles are not doing well this year. "They" say folks are waiting to buy a new car for better rates. 

My hunch: that's accurate, but worse, they see these "starting prices" and assume that's true for all new cars. In fact, non-EV, smaller cars remain quite affordable, but I assume a lot of folks are afraid to go look.

Ticker, RIVN:

• fell 11% today!
• fell 13% this past week$
• past full year: has fallen 50%.

Three days ago, link here.

Rivian, from an earlier post, August 7, 2024:

Rivian: the EV narrative continues. RIVN down over 7% in pre-market (5:41 a.m. CDT). 

• VW, at $5 billion, invested almost as much in Rivian, and Biden-Harris invested in Intel ($8.5 billion)

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More On EVs

From InsideEVs today (dynamic link).

This was the top story:

Second story:

And there's the "weight" story.

Meanwhile, for Tesla, link here:

We're seeing the same thing in the DFW area where Tesla has a huge consumer-buying population! Link here.


In the DFW area, these cars all have license plates suggesting they have already been sold. Were they all foreclosed on? Brought back by customers for various reasons? The license plates are in perfect condition, suggesting either never been driven, or "barely" driven.