Leaderboard

I assume it is to protect the core company if the BEV venture fails.

Hi all... it's that time again. The current server was installed in 2016 and it's time we pack up and move to a newer build. Because I have some other web projects going on, the power of the new server is significantly increased over the last one, so I'm hoping to get some big performance boosts to the site. We're talking going from my Encore to a Hellcat in terms of power. That said, this software is still rather bloated, so there is still an upper limit to how fast it will go no matter how much processor I throw at it. It will be a fun experiment. Also... there is 96 gigs worth of data to transfer, so we'll be down a while. I'll probably kick off the transfer at 5:30 pm my time. Please be patient. Thanks, Drew

Kia is nothing like pre-2000 Plymouth. They have unique models and they don't share styling with Hyundai. There is no Soul equivalent at Hyundai, there is no Veloster equivalent at Kia. Kia has the Carnival while Hyundai has nothing. Even the Palisade and Telluride have different personalities visually and the Telluride is slightly more capable off-road.

Case in point randomly popping up on FB GMC group; a monstrous $12,000 over sticker!! EDIT : oops! I mean $181 over sticker. Finger slipped on the calculator. But still; ‘same thing as going on at Rivian’.

It's been in the 50's-60's since Jan 19th. After their initial first-week rally, it's been down for awhile. It peaked at 172 on the 5th trading day, November 16th. Yesterday it did drop 8.36% from 67.56 to 61.91.

Totally expected as inflation is running crazy across the globe and especially with the Idiot Putin invading Ukraine to fulfill his dictatorship desires, this is going to just increase shortages and crazy prices. Proctor and Gamble is increasing prices across their full portfolio with next fulfillment shipments to retailers. Cost across the board is going to go up especially after Target today announced they are moving most retail positions to a starting wage of $24 an hour due to the basic fast-food places and other retail jobs moving to $15 to $19 an hour. Interest rates I see are already going up ahead of the fed meeting where they are expected to raise interest rates a full 1% at least. I expect us to go through the next few years and see interest rates crazy like the early to mid 80's. I remember people buying homes with a 14% 30-year mortgage loan rate. CRAZY

Rivian has announced MSRP price spikes on both the R1T and R1S vehicles, of 17% and 20% respectively, citing "inflationary costs". https://finance.yahoo.com/news/rivian-hikes-vehicle-prices-20-011627886.html For the R1T, that mean the originally-announced $67,500 base price will rise $11,475 to $78,975. For the R1S, it's original $70,000 tag will jump $14,000 to $84,000. Apparently effective immediately, this INCLUDES vehicles already ordered. Customer backlash is already occurring, with buyers threatening to cancel orders. With no dealer network to compete on pricing, this is your new 'no-haggle' mandatory base price. Just don't call it 'bait & switch'. ?

Up to. Yes, depending on the options selected. There is also some slight of hand by Rivian as well where some things stayed the same price but were decontented. Like the new standard battery pack has 54 miles less range while the original battery spec went up by $6k in price. Some optional paint prices went up $1000, and every color but silver is an optional color. One of the interior colors went up by $2k. So right there, getting the old standard battery, a paint color, and an interior other than black and your cost went up $9k. Still want the original spec quad motor AWD instead of the new standard dual motor AWD? That’ll be another $6k. Hitting a $15k increase with just 4 options is pretty easy to do.

You can't go by base prices because the price of a bunch of the options was inflated too. I'm on the Rivian facebook group and there are post after post of people's reservations jumping from $75k to $95k. Lots are posting screenshots of their cancelations as well. It's unknowable if those are just a loud few, but the comments sections are long and what it has done is turned what was once a total FanBoi group where Rivian could do no wrong... I.E. Telsa-Lite Fanbois, and turned it into a Rivian Hate group. Horrible public relations move.

As someone who has had ownership time in both a Plymouth and a Kia, I will respectfully disagree with your comparison.

It is very interesting that so many news sources have covered this and Rivian has not posted an official anouncement in their news feed nor have they changed prices on their web site yet. As of this morning, According to this story: https://www.reuters.com/technology/rivian-hiles-vehicle-prices-by-20-citing-inflationary-pressure-2022-03-02/ So, the starting Explore truck should be showing a starting at $79,500 but it does not. There is no source on these stories as many posts back to Reuters, Wallstreet, Bloomberg, but no actual source in Rivian who has officially announced this price increase. One has to wonder what is going on with this news. I am liking Ford and GM to bring affordable BEV Trucks to market before Rivian or Tesla. EDIT: Meant to check the SUV too and I see no price change there yet either.

Is this much different than dealerships adding the "market adjustment" to vehicles already ordered? I disagree with both tactics, by the way.

Rivian sold 920 vehicles in December. This is their only month of retail sales in 2021. Same month, GM sold 57,705 Silverados & Sierras (combined).

Yeah, this will likely bring it down some. This is atrocious PR. I understand raising prices on new orders but you CANNOT raise prices for those who ordered vehicles a year ago and just still haven't received it yet. Also, when I say I understand raising prices, I DO NOT understand 17% and 20% increases. Like Surreal has said, prices have gone up on about everything in the past few years but vehicles absolutely have not gone up anywhere near that.

KIA will get a luxury marque as soon as Amanti rises from Mazda. NOT GONNA HAPPEN. KIA is a pre-2000 Plymouth, nothing else.

The 2nd Rivian factory is looking more & more like an unnecessary white elephant. They're never going to be putting out even 300K units per year, never mind 600K. I would love to know where they think their volume is going to come from. When & how much will the next MSRP jack be?? This is very unfortunate event for the company's near future.

Awesome, welcome home. Glad you got back safe n sound. Look forward to seeing your pictures.

With consumers revolting, no; I don't at all think it was 'totally expected'. Not sure where you get that from. Consumer price index rose 0.6 in January, annual inflation is 7.5%, Rivian raised pricing 17-20%, not 7%. But more to the point- skyjacking MSRPs on already ordered vehicles is the lowest sort of nasty business practices. At least honor those. But with no pricing competition- the consumer is powerless... but at least he gets spared from the horrors of 'negotiating'. ? Pay up, sucker! Will be interesting to watch the stock from here - it's already dropped from its peak of $172 to today's close of $61.