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Meat__Head t1_ja8hzdl wrote

Speaking of EVs, I'm leaning hard towards Rivian at this point. I think it's possibly bled out all that its going to bleed. Any similar thoughts?

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athanasius_fugger t1_ja8po72 wrote

Doubtful. Even established automakers have plenty of challenges. I can't imagine starting up makes things easier.

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Meat__Head t1_ja8q13e wrote

I'm just sort of looking at how I'm seeing more of them on the road recently and how they have increased manufacturing to operating 24/7 shifts trying to keep up with the demand. I think there is definitely a demand for their vehicles.

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athanasius_fugger t1_ja8qukp wrote

Yes they just have a feature where the batteries spontaneously drain while parked 😬

Idk much about them currently. I was involved in the startup phase in 2020-21 when they converted a shitty Mitsubishi plant into their facility. It's pretty remote so I doubt that helps attract talent. Back then it was pretty chaotic but so is everywhere else.

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Meat__Head t1_ja8y3mi wrote

And I also notice that even though Ford sold a large portion of their stake in Rivian, they maintained a 12% stake and Amazon maintains about 27% ownership. Thats about 30% ownership by strong companies.

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grizzly_teddy t1_ja95mjd wrote

They are going to bleed money for a long time. They can go down another 50% before they become profitable.

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mammaryglands t1_ja9k2wk wrote

Vertical ovals don't belong on the front end of cars. Never have, never will. Puts.

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Granter t1_ja9sz4n wrote

didn't they have a major recall late 3rd qtr last year?

It was a small node in the steering wheel or something I think, had a fire risk...

That alone could BK them. but I dunno, EV's are wierd, Fisker went up 30% today on huge misses, losses, and negative revenue just by telling everyone they think they will be profitable this year

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