Rivian's 2023 Results

[SSO]

Finally got the analysis of Rivian's 2023 Results posted:

https://karenable.com/rivians-2023-results/

They will likely run out of cash by early 2025. 

Do you think they will make it?

[RobYob]

Really interesting to see the numbers behind a company trying to break into large scale manufacturing.

"This feels quite long on corporate speak and platitudes"
Caused me a slightly disquietened lol as I was thinking exactly that!

"While the locations might be good for foot traffic, it seems a bit counterintuitive in terms of selling trucks and SUVs positioned against the rugged outdoor life Rivian features"
Isn't that Every lifestyle truck?

Maybe another car company that don't have their own EV truck capability that might be looking to invest in Rivian and badge engineer a quick addition to their lineup?

Automotive companies in general do seem to be the way to make a small fortune.

[SSO]

Automotive companies in general do seem to be the way to make a small fortune.

They are, you just need to start with a large one.

[Beany]

Rivian came up somewhere else that I talk about cars, and I remembered this article and wanted to link it, but it seems to have disappeared from Karenable (understandable) but not made it to the SSOReport, @SSO ?

[SSO]

Rivian came up somewhere else that I talk about cars, and I remembered this article and wanted to link it, but it seems to have disappeared from Karenable (understandable) but not made it to the SSOReport, @SSO ?

Great catch, not sure why that wasn't exported over. Will get it fixed today.

[Beany]

Nice one, I recall it being....scathing is not the right phrase, but it was rather forthright about the shoddy state of their finances