I agree but just as Lucid's 400,000 plant doesn't make sense. Rivians cash burn if excessively worse means the car still isn't priced right. I guess when it comes to both Lucid and Rivian time will tell but i'd rather see both of them succeed and have one of the dinosaurs fail.
Rivian is definitely burning it faster but have more (now down to $15B)
I think they are trying to expand faster, which is good for them to reach peak production. They estimate it will run them through 2025.
Hitting their target probably means continuing ramping up at least 60% per quarter as follows:
www.theverge.com
Dang, ish just got real.Uh-oh!;
Rivian customers “enraged” after company cancels its most affordable electric truck
The R1S and R1T now cost a few thousand dollars more.
"Rivian canceled the entry-level version of the R1T, effectively raising the price of its base model electric truck by over $6,000, according to an online forum for customers and later confirmed by the company.
The company said in an email to customers that it was canceling the base “Explore” model, which started at $67,500, in favor of the $73,000 “Adventure” trim. Customers can either upgrade to the more expensive trim level or cancel their orders, the company advised. Rivian has also “discontinued” the less expensive trim for its R1S electric SUV, which is expected to start shipping to customers later this year."
As a Pure ORDER holder, I hope that Lucid doesn't try the same $hit.
Especially in light of the fact that Lucid JUST introduced the Lucid Air Sapphire (3 motors, 1200HP, $250K)...Uh-oh!;
Rivian customers “enraged” after company cancels its most affordable electric truck
The R1S and R1T now cost a few thousand dollars more.
"Rivian canceled the entry-level version of the R1T, effectively raising the price of its base model electric truck by over $6,000, according to an online forum for customers and later confirmed by the company.
The company said in an email to customers that it was canceling the base “Explore” model, which started at $67,500, in favor of the $73,000 “Adventure” trim. Customers can either upgrade to the more expensive trim level or cancel their orders, the company advised. Rivian has also “discontinued” the less expensive trim for its R1S electric SUV, which is expected to start shipping to customers later this year."
As a Pure ORDER holder, I hope that Lucid doesn't try the same $hit.
They said that it was because there weren't many orders for the Explore trim level compared to Adventure. They're saving costs by not having to source additional parts for a low number of vehicles. Pure doesn't have that problem, but Touring does.Uh-oh!;
Rivian customers “enraged” after company cancels its most affordable electric truck
The R1S and R1T now cost a few thousand dollars more.
"Rivian canceled the entry-level version of the R1T, effectively raising the price of its base model electric truck by over $6,000, according to an online forum for customers and later confirmed by the company.
The company said in an email to customers that it was canceling the base “Explore” model, which started at $67,500, in favor of the $73,000 “Adventure” trim. Customers can either upgrade to the more expensive trim level or cancel their orders, the company advised. Rivian has also “discontinued” the less expensive trim for its R1S electric SUV, which is expected to start shipping to customers later this year."
As a Pure ORDER holder, I hope that Lucid doesn't try the same $hit.
Not when a bulk of the current reservations are Pures. If Lucid was going to cancel any model it would be the Touring but highly doubt they’d do that.
That is what they SAID, but I don't believe this. I was interested in an Explore, until they tried their initial price hike - which was a fiasco. I think that this may be another.
I think it's because the car is priced wrong and the cash burn will only get worse when offering cheaper models.
