EV maker Rivian a 12 months on: losses sure, however nonetheless standing


However Rivian stays in one of the best form when it comes to money, automobile output and plans to maneuver into the mainstream.

The R1T begins at $73,000, excluding delivery, and the R1S begins at $78,000. Rivian hasn’t introduced worth ranges for R2 automobiles however has advised considerably decrease manufacturing prices.

“I feel Rivian’s long-term prognosis is as sturdy as any all-new EV maker,” Brauer mentioned. “I am not saying they’re completely going to make it — I am saying they’ve nearly as good or higher shot than any comparatively new EV model. The corporate has already overcome rather a lot, however they’ve additionally been round a very long time.”

Rivian was based by Scaringe in 2009.

Brauer famous that Tesla Inc., the EV business chief, was capable of go greater than a decade with out turning a revenue. Rivian, a relative newcomer when it comes to manufacturing, has a while to show itself out there and on Wall Road.

“Rivian has most of the similar traits as Tesla, each being home EV firms with over a decade of historical past and extremely revolutionary merchandise,” Brauer mentioned an an e-mail.

“However Rivian has a extra secure management group with a a lot much less controversial historical past. And I like Rivian’s merchandise greater than Tesla. I nonetheless do not know if Rivian will make it. However Rivian ought to make it.”

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