The company is toast. They lose thirty thousand dollars on every car they sell. Their variable cost is at least ten thousand more than the selling price. Add in the fixed cost and...it makes no sense.
They even have to lie about their prices. Both the SUV and the Truck have mandatory adders that substantially increase what you have to pay.
And they need to raise money for a new plant to build an "affordable" car, but they have not shown that they can do that.
Most of the reviews of Rivians are very positive. They are fast, comfortable, and loaded with features, some of them unique to their vehicle.
You would have to be crazy to buy one, and even crazier to buy their stock - the price of which is dropping by the minute.
Too bad,
They even have to lie about their prices. Both the SUV and the Truck have mandatory adders that substantially increase what you have to pay.
And they need to raise money for a new plant to build an "affordable" car, but they have not shown that they can do that.
Most of the reviews of Rivians are very positive. They are fast, comfortable, and loaded with features, some of them unique to their vehicle.
You would have to be crazy to buy one, and even crazier to buy their stock - the price of which is dropping by the minute.
Too bad,