Recent comments in /f/wallstreetbets

aka0007 t1_j9rmmtg wrote

Reply to comment by JohnnyFnCliche in Rivian Business Strategy Walkthrough - Do they have what it takes to compete against Tesla? by maliknyc

Tesla took till 2018 when they had already over 500K vehicles sold to finally hit -10B in cumulative free cash flow (much of it related to production and scaling of Model 3 production before things turned around in 2019)... Rivian by Q3' 2022 was already -11.4B in cumulative free cash flow with under 20K sold. By comparison... when Tesla had sold that few vehicles their cumulative free cash flow was about -1B.

So comparing to Tesla here is kind of ridiculous but guess it looks like Rivian is headed to -100B in cumulative free cash flow before they turn it around.

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Imaginary-Table4103 t1_j9riaxh wrote

Reply to Rivian Business Strategy Walkthrough - Do they have what it takes to compete against Tesla? by maliknyc

If that is their mission then they are failing at every aspect. They produce over engineered product with wasteful approach with poor quality. I originally was a fan until I watched closely. Hopefully they do a lot better but right now they produce one of the least green vehicles out there. They lose 3-5% charge a night without even using them which is a ton of wasted electricity/fossil fuels as one example.

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