Quote:
Originally Posted by JDMDreams
From a vid I watched like a few weeks ago, I think Rivian has about 1.5y left in cash from their burn rate. Hate to say it but I doubt they will survive / release these models. They are still loosing money on each car + their inventory # is going up, so they aren't selling + if they aren't profitable now, they aren't gonna be profitable if they make a cheaper car / they can't afford to make a cheaper car.  they seem like one of the least scammy ones but back to building a car company ain't as easy as it sounds. O yea and even Apple with deep pockets pulled out after blowing billions on the project. I recall it would cost apple about $125000 to build each car, so even at that price they ain't making any money, let alone servicing, support, charging infrastructure etc. |
That's true only if things continue the way they have been.
But Rivian's on the verge of shutting down their production line on the R1 to make architectural-level cost optimizations. That burn rate isn't going to hold.