Overheard from a former employee:
Only 2 out of 100 vehicles start at the end of the production line.
State Farm parking lot rumor overheard:
All the vehicles need work and can’t be sold.
Meanwhile, the stock price is a rollercoaster:
https://blnnews.com/2024/01/02/why-are-rivians-stored-at-state-farm/
Not true. I have a family member who works out there and this is not factual information.
Info came from people who do.
If they work why aren’t they being delivered?
They build them to spec, and when they change anything on the order the customer does not want them anymore… also they have major charging issues at the factory most trucks you see sitting are dead, which requires a string, and a portable jump pack and hours of charging… horrible decisions lead to horrible results.
$42,000 repair bill for a fender bender? Cue your insuranee rates to soar and consumer demand to take a drastic fall. Real life admission of other issues coming home to roost. The honeymoon might be over.
My questions here are: Can the workers who make this vehicle afford to buy one? Who do you know that can afford to buy a $73,000 (base price) truck with limited range and questionable utility? Why would you rent storage space across town when you have a lot that once held 12,000 cars within walking distance from your plant? Has the start-up guy “Clark Kent” paid himself enough to be a multi-millionaire now? I am told they employ 6500 people now. If this is true, what will happen to our housing prices and our economy if this company fails?
Trouble2: You should drive by the plant. That lot is packed with Amazon delivery vans and worker’s vehicles. There is no room left.
Why aren’t they delivering?
Hertz is dumping 20,000 EV’s and replacing them with combustible engine types.
Hertz article: https://www.zerohedge.com/markets/hertz-begins-dumping-20000-evs-shift-back-petrol-cars
Why would anyone want to waste time finding a charger that works and then sit for hours waiting for it to charge?
Obviously no one
There are numerous $42K Rivian repair video’s on Youtube. Get full coverage insurance.
No thank you.
I’ll drive my 1986 Cadillac Fleetwood d’Elegance with tufted velour seats with lower insurance premiums. When it blows up I have a 1990 and 2 more 1986’s. On a good day I drive either my ’84 Eldorado Biarritz or bustle back Seville. Real chrome bumpers too.
I wonder how much electricity juice it takes to charge one of those sitting out in the cold weather? Good thing there are some high voltage power lines nearby SF.
What I’ve heard is that the Amazon EDVs are being assembled but stored until a sufficient number of uni-level autoracks (rail cars) are built and/or modified for shipping them. I’ve seen these EDVs being shipped on flatbed trucks, so some are going to the buyer. We’ll see what happens in coming weeks or months.
Waiting for delivery….not some crazy conspiracy.
To who?
Amazon fulfillment centers throughout the country. Vehicles will be transited through railroad-owned auto distribution terminals, most likely in Texas, Arizona, California, and also the Seattle and Portland areas. Some may go east the the Northeast Corridor region as well, Atlanta and Florida.
Company earnings come out today. Should be interesting
I expect massive losses like usual.