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rebewranger

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EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« on: May 10, 2022, 09:52:44 am »
WRITTEN BY THOMAS CATENACCI ON MAY 10, 2022. POSTED IN LATEST NEWS

EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion

rivianStart-up electric vehicle (EV) maker Rivian Automotive’s stock plummeted to fresh lows Monday as investors abandon the company once thought to be the “next Tesla.”

Rivian’s stock price fell 18.72% to $23.40 per share on Monday, a whopping 87% decline from its November peak of $179.47 a share, according to market data. [bold, links added]


The company reported a net loss of $2.5 billion in the final three months of 2021 and said in March that it would produce 25,000 vehicles in 2022, half of the number it originally projected.

https://climatechangedispatch.com/ev-automaker-hailed-as-the-next-tesla-tanks-in-epic-fashion/
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Offline DefiantMassRINO

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #1 on: May 10, 2022, 10:04:15 am »
Tesla has a car.  Rivian was just a twinkle in some madman's eye.
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Online DB

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #2 on: May 10, 2022, 10:09:59 am »
I'm sure it comes with a nice warranty too...

Likely backed by no one...
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Offline Kamaji

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #3 on: May 10, 2022, 10:29:16 am »
Tesla ran gargantuan losses for a number of years as well while it ramped up, and was also hit with production delays - all before the supply chain disruptions - so Rivian is still in perspective.  The difference, of course, is the personality of Musk.
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Online Wingnut

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #4 on: May 10, 2022, 11:21:20 am »
There is always the second coming....of Fisker.  Fisker is more than just an electric car Co. It's selling a lifestyle.
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Offline Kamaji

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #5 on: May 10, 2022, 11:24:06 am »
Quote from: Wingnut on May 10, 2022, 11:21:20 am
There is always the second coming....of Fisker.  Fisker is more than just an electric car Co. It's selling a lifestyle.


There is already a Fisker 2.0:  https://en.wikipedia.org/wiki/Fisker_Inc.
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Online Wingnut

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #6 on: May 10, 2022, 11:31:18 am »
Quote from: Kamaji on May 10, 2022, 11:24:06 am

There is already a Fisker 2.0:  https://en.wikipedia.org/wiki/Fisker_Inc.

Which is why I worded my post...  The second coming!
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You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Offline Kamaji

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #7 on: May 10, 2022, 11:34:52 am »
Quote from: Wingnut on May 10, 2022, 11:31:18 am
Which is why I worded my post...  The second coming!


Ahhh!  My bad!
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Online Wingnut

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #8 on: May 10, 2022, 11:36:19 am »
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You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Offline rustynail

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Re: EV Automaker Hailed As The ‘Next Tesla’ Tanks In Epic Fashion
« Reply #9 on: May 10, 2022, 11:45:30 am »
Ford unloaded 8 million shares....
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