"The announcement is really barely an announcement at all. That is why Rivian only traded up 3.8% on the day of the press release, only to drop today."
"Rivian still has an amazingly weak business model. Its P&L shows how crippled that company is financially."
"Deliveries start in Spring 2026, beginning with R2 Performance with Launch Package (starting at $57,990), followed by additional Premium configurations in late 2026."
"The fine print says the figure does not include 'all applicable taxes and fees.' Those probably drive the price closer to $60,000."
Uber and Rivian announced a partnership to deploy up to 50,000 robotaxis, but the announcement is filled with conditional language. Uber's investment of up to $1.25 billion is contingent on performance milestones. Rivian's stock only rose 3.8% after the announcement, reflecting skepticism. The company faces challenges with a weak business model and niche products in a declining EV market. Rivian's new R2 model, starting at $57,990, may not be considered affordable due to additional costs, pushing it out of the budget-friendly category.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]