Rivian's hot lunch

[CONSIDERABLE SHOUTING]

Don't know what Tesla's problems have to do with Rivian, let alone hearing "ponzi scheme" being uttered again. Kind of had to do a double-take, it's been since the Model 3 release that I've heard that.

Rivian is showing signs of pushing into eBikes:
https://electrek.co/2022/06/28/rivian-e ... ore-243439
Wonder how it'll cost compared to their what, $6,000 kitchen?

[Chalo]

Don't know what Tesla's problems have to do with Rivian, let alone hearing "ponzi scheme" being uttered again. Kind of had to do a double-take, it's been since the Model 3 release that I've heard that.

It's because neither of them makes enough profit to support their current and future operations, and instead they both depend on the willingness and ability of investors to keep buying in at ever higher prices. Those days are rapidly coming to an end.

Screenshot_20220629-122326.png (126.94 KiB) Viewed 418 times

Tesla is at least posting "profits", but if you compare them to its total market capitalization, or you look at a few quarters of net change in cash reserves, it's not doing the thing.

Price to earnings ratio is over 91 today, and that's after a brutal fall from its peak. By and by, that number will regress to the mean (if the company doesn't crash and burn first).

[CONSIDERABLE SHOUTING]

I mean, they're trying to start 3 plants while interest rates are going back up, AND their bet on bitcoin also lost out. They got that nice double-whammy of "funny money is over, go get a real job".

[liveforphysics]

Profits for all EV makers got hit badly by the Nickel price spike and Lithium price spike.

Lucky they have a strong LFP option they use in standard range model 3s.

[e-beach]

I mean, they're trying to start 3 plants while interest rates are going back up, AND their bet on bitcoin also lost out. They got that nice double-whammy of "funny money is over, go get a real job".

A little thicker than that. Other ev auto makers are catching up while Putin told his billionaire buddies to sell their bitcoin and purchase Rubles. The Russians selling their bitcoin is about over, but other car manufactures catching up has just began.
Not to mention, that there is stupid, then their is Texas stupid. So good luck to Elon over his Texas manufacturing plants.

[CONSIDERABLE SHOUTING]

Lucky they have a strong LFP option they use in standard range model 3s.

I'm really hoping we see more LFP options soon.

A little thicker than that. Other ev auto makers are catching up while Putin told his billionaire buddies to sell their bitcoin and purchase Rubles. The Russians selling their bitcoin is about over, but other car manufactures catching up has just began.
Not to mention, that there is stupid, then their is Texas stupid. So good luck to Elon over his Texas manufacturing plants.

That too. I see Elon is trying to toe the line on twitter, trying to both come across as political but also maintain his scientific sheen. Not sure how long it'll last tbh

[nicobie]

...there is stupid, then there is Texas stupid. So good luck to Elon over his Texas manufacturing plants.

[liveforphysics]

I'm personally indebted to Texas intellect. The mentor who helped me learn fluid dynamics and thermo dynamics far better than any of my professors understood it to teach it.
I tried to give him a gift of something I had a astrophysics phD friend who is a math genius spend weeks in MathCAD to create for him.

When I presented it to him, he acted impressed, then showed me he already had this calculation ability, and showed me the custom software he used. I was baffled as to how it was possible he already could calculate it, and asked him how on earth he got it.

He told me, "Hungry dogs find a way." It forever changed my perspective on not being afraid to attempt hard things while under-resourced.

[gobi]

Most of suffer from 1st world issues, we mostly need MORE to do less, or feel we do.

[nicobie]

I'm personally indebted to Texas intellect.

I was referring to Texas politicians. I know that Texas has at least a couple of intelligent people living there. After all, Chalo lives in Texas and he's no dumb shit...