Quote:
Originally Posted by noclue
Feel like lucid will kick the bucket in the next 3 years once the Saudi investors get tired of losses. Nice cars but no sales and not enough time to rollout the mid market vehicles in current market conditions.
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Jason at Engineering Explained complained about his Lucid Air recently, though Lucid did take his criticism fairly well. They are going through some internal organizational changes at the moment.
That said, yeah, I dunno how they can reach profitability. Pretty much just at the mercy of the Saudi big boys now.
Quote:
Originally Posted by JDMDreams
^^ wouldn't it be rivian first? Who's paying for rivian? Vw? Amazon?
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VW basically is paying Rivian for their software. The deal heavily favours VW, as the US$6 billions (IIRC) wasn't a one-time payment, but rather unlocked in tranches, requiring Rivian to reach certain performance benchmarks. Rivian so far isn't meeting those.
VW already has Rivian's software after the initial $1 billion investment, and also plans to use Rivian's platforms for their Scout trucks/SUVs in the future. So yeah, Rivian is pretty much just getting used and tossed by VW.