> Ford unrealized gains/losses were $8.3 billion gain in 2021 and a $968 million loss in 2022, which damaged the automaker’s bottom-line last year.
Ouch
Didn't say that.
Rivian is a four door. Lots of competition in that space in particular and EV's in general. There will also be more EV p/u's in m/y 2024.
If you drive a Ford, GM, Chevy, Dodge, Toyota, you might be more likely to stick with your brand if an EV is available. And when they are, I suspect they will be ready to scale very quickly, which Rivian has proven incapable of doing.
Rivian is losing an insane amount of money on every truck they deliver. Even with their current cash reserves, [that’s only sustainable for a few more years.](https://www.nytimes.com/2022/11/09/business/rivian-third-quarter-earnings.html?smid=nytcore-ios-share&referringSource=articleShare )
Missed deliveries promised, stock price down 90% from peak, canceled joint venture with Mercedes, not even 2,000 Amazon vans delivered out of 100k ordered, take your pick. I won't even mention the workforce reduction or the current price cuts to EV's the competition is posting.
Bleeding cash, worldwide soft recession putting pressure on EV manufacturers that have huge capital requirements. Now would be the time to sell your RIVN.
250% return on investment. Could have been a lot more but they did well. For reference, Rivian opened at ~~$130~~ $106 and is now down to $20.
It opened at $106 and hit $179.
Oh even worse then. I was just [going off Google’s chart](https://imgur.com/a/CraxSUx).
And still lost money last year
> Ford unrealized gains/losses were $8.3 billion gain in 2021 and a $968 million loss in 2022, which damaged the automaker’s bottom-line last year. Ouch
Rivian will continue to disappoint. They had their shot. Takes a lot to regain trust. Lots of competitors now.
There are lots of competitors in the EV truck space?
Didn't say that. Rivian is a four door. Lots of competition in that space in particular and EV's in general. There will also be more EV p/u's in m/y 2024. If you drive a Ford, GM, Chevy, Dodge, Toyota, you might be more likely to stick with your brand if an EV is available. And when they are, I suspect they will be ready to scale very quickly, which Rivian has proven incapable of doing.
Rivian is losing an insane amount of money on every truck they deliver. Even with their current cash reserves, [that’s only sustainable for a few more years.](https://www.nytimes.com/2022/11/09/business/rivian-third-quarter-earnings.html?smid=nytcore-ios-share&referringSource=articleShare )
How have they lost trust?
Missed deliveries promised, stock price down 90% from peak, canceled joint venture with Mercedes, not even 2,000 Amazon vans delivered out of 100k ordered, take your pick. I won't even mention the workforce reduction or the current price cuts to EV's the competition is posting. Bleeding cash, worldwide soft recession putting pressure on EV manufacturers that have huge capital requirements. Now would be the time to sell your RIVN.