Rivian: Buying a Tried-and-Tested Tesla EV versus Taking a Bet on a Rivian?
Curiously, Tesla ( $Tesla(TSLA.US$ ) does not really have a traditional SUV model. The closest thing might be a Model X, but its winged doors look a bit tricky; Model Y is a tad small.
Rivian ( $Rivian Automotive(RIVN.US$ ), on the other hand, produces the R1S, a classic SUV. I wonder, however, if potential customers should be concerned with the challenges that the company is facing: high cash burn rate; increasingly expensive capital raise; delayed scaling. Will Rivian be able to provide good post-purchase servicing, which require further manpower and capital investment? Will the initial batch of R1S vehicles be well-made, or will they have a bunch of technical issues they can fix? Will Rivian even be around?
Personally, I would rather buy a tried-and-tested Tesla any day, especially when they are consistently refreshing all the S3XY models to make them better. My partner seems intent on buying the R1S, even placing a (refundable) deposit for it. Perhaps I am also too biased (Tesla fan) to want to take a chance on the R1S?
Rivian ( $Rivian Automotive(RIVN.US$ ), on the other hand, produces the R1S, a classic SUV. I wonder, however, if potential customers should be concerned with the challenges that the company is facing: high cash burn rate; increasingly expensive capital raise; delayed scaling. Will Rivian be able to provide good post-purchase servicing, which require further manpower and capital investment? Will the initial batch of R1S vehicles be well-made, or will they have a bunch of technical issues they can fix? Will Rivian even be around?
Personally, I would rather buy a tried-and-tested Tesla any day, especially when they are consistently refreshing all the S3XY models to make them better. My partner seems intent on buying the R1S, even placing a (refundable) deposit for it. Perhaps I am also too biased (Tesla fan) to want to take a chance on the R1S?
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TeslaSmurf : Watch the latest Munro’s video on the Rivian. He’s an impartial Tesla fan, but his wife drives a Rivian: they reviewed together…
It results to be a very good machine, so the real problem is their probability to survive, as the car costs too much to produce and can barely get the IRA incentive.
My opinion is that Rivian and Lucid should merge to cut costs as their operating costs are near Tesla’s, which will be producing 2 million cars !!!