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Rivian is shipping. Infinitely better than something that's not. CT, if it ever ships in volume, will be an important failure to rein in Musk's fantastical th

• kiltedpanda 3y ago
  "Rivian is shipping. Infinitely better than something that's not." Even if they're losing $33k per vehicle? (See 2Q23 shareholder letter). Note this does not include R&D, CAPEX or SG&A. Was it infinitely better for WeWork to ship something than not? "will be an important failure to rein in Musk's fantastical thinking" Why would it fail when there are >2m pre-orders and a a 5 year waitlist?
  • heleninboodler 3y ago
    Those pre-orders are based on fictional pricing and fictional delivery date. I don't doubt that they'll sell all 180k cybertrucks they expect to make in the next 18 months (novelty factor goes a long way with people who have gobs of discretionary income), but I'd be willing to bet a lot of the "2 million" preorders are people who, like me, simply haven't canceled theirs yet but will when it's time to shell out whatever crazy price is announced for a truck that doesn't meet the promised specs.
    • kiltedpanda 3y ago
      So Rivian aims to produce 50k vehicles this year and that includes the delivery vans. AND they lose $33k per vehicle. Even if Tesla 'only' delivers 180k cybertrucks in 18 months, and at a profit, they will still be far in the lead in the EV truck race. To characterize the Cybertruck as some kind of failure or folly is not congruent with the facts.
      • r00fus 3y ago
        Honestly you sound just like the Tesla doubters 5-10 years ago.