The Rivian R1T Pick-up Is Your Passport to an Electric Adventure

[ProjectWHaT]

Do YOU own a R1S? Do you wish you have a kitchen like the R1T?? Wish no more, Rivian has heard you. They have just patented a slide out kitchen for the R1S

Rivian Patent Reveals Slide-Out Camp Kitchen for R1S

A new patent filing was found, which reveals that Rivian is working on a Camp Kitchen option for the R1S SUV.

www.thedrive.com

https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20230256889

 

[GranTurNismo]

Rivian is slashing 10% of its entire workforce, about 1,040 workers, after its stock price declining by 25%.

Once the darling of the EV world, the electric truck-maker Rivian is reeling

Electric truck maker Rivian was once seen as a rising star in the EV space. But now the company says it will lay off 10% of its employees, and its production targets for this year are coming in lower than expected.

finance.yahoo.com

 

[ProjectWHaT]

Rivian laid off another 1% today

Rivian (RIVN) is cutting another 1% of jobs as the EV maker works toward profitability

Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. This is the second round of...

electrek.co

“This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year,” Rivian said in an emailed statement (via Automotive News).

Rivian plans to cut another 1% of its workforce as the automaker works to improve profitability by the end of the year.

The statement read, “We continue to work to right-size the business and ensure alignment to our priorities.” This is the second round of layoffs from the EV startup this year.

Rivian’s CEO, RJ Scaringe, said the move was to “maximize the amount of impact we can have as a company” on the company’s media call. Scaringe explained that Rivian is “not immune to existing economic and geopolitical uncertainties.”

	Q3 ’22	Q4 ’22	Q1 ’23	Q2 ’23	Q3 ’23	Q4 ’23
Rivian loss per vehicle	$139,277	$124,162	$67,329	$32,594	$30,500	$43,372

 

[Keef]

Rivian laid off another 1% today

Rivian (RIVN) is cutting another 1% of jobs as the EV maker works toward profitability

Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. This is the second round of...

electrek.co

	Q3 ’22	Q4 ’22	Q1 ’23	Q2 ’23	Q3 ’23	Q4 ’23
Rivian loss per vehicle	$139,277	$124,162	$67,329	$32,594	$30,500	$43,372

I don't doubt that conglomerates of investors are shorting Rivian and Lucid both, like they tried to do with Gamestop. The news just hasn't come out yet. I don't see a reason why a company successfully producing excellent products and services isn't gather investment other than the fact that established companies don't want the competition. Rivian vehicles are virtually mainstream on the roads now, it's not like the company can't be trusted to produce and support their products. Same for Lucid.