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Good to have more alternatives to Tesla but how strong is Rivian financially? If this hatchback is expected to be on the street only in a couple of years, this
by malshe 3y ago
Good to have more alternatives to Tesla but how strong is Rivian financially? If this hatchback is expected to be on the street only in a couple of years, this might not even materialize.
On a related note, I haven’t seen many Cybertrucks around in TX. Is it selling well on the west coast?
- coffeebeqn 3y agoI have not seen one in the Midwest yet. Pickups are very popular here in general
- malshe 3y agoYeah same here in Texas. I think on my street there are maybe 5-6 sedans and 70-80 trucks
- jebarker 3y agoLikewise in Colorado. I see multiple Rivians everytime I leave the house though. I am in the Boulder Bubble though.
- mips_r4300i 3y agoThere's one Rivian here in F150 land. No charging infra, so owner is brave.
- deleted 3y ago[deleted]
- OkayPhysicist 3y agoI see about one Cybertruck every time I leave the house here in the East Bay. Not nearly as ubiquitous as the other Tesla models, but no longer a stop-and-gawk novelty.
- reducesuffering 3y ago> how strong is Rivian financially? I'm no expert on balance sheets and income statements, but with 2022 cash ending $11.5 billion and 2023 ending $7.9 billion, and losing 33% car value every time they sell a car (COGS + Depreciation at 133%). Their 2023 Operating Income was losing $5.4 billion, yikes. It doesn't look great. Fisker also is currently going bankrupt, but I'm sure they were extra poorly run.
- next_xibalba 3y agoEven after financing activities they’re negative on statement of cash flows. For the last five quarters. Does not look good.
- marssaxman 3y agoI have yet to see any Cybertrucks here in Seattle, at all. Lots of Rivians, though, and of course plenty of normal Teslas.
- pfannkuchen 3y agoI saw something awhile ago about Tesla prioritizing orders in a few states that weren’t WA. Not sure if true.
- jaredhallen 3y agoI've seen several at a ski resort in CA. One today, in fact.
- chokolad 3y ago> I have yet to see any Cybertrucks here in Seattle, at all. Lots of Rivians, though, and of course plenty of normal Teslas. I have seen one on Eastside last week.