At Least One Auto Company Listened to Customers (Rivian)

[Cable Guy]

Looks like they heard loud and clear that changing the rules mid-game is a BS idea and poor business practice. Hard lesson to learn but I give them credit for not arrogantly digging in theIr heals and f’ing their early adopters.

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[saban]

they listened because people were dropping their orders left and right plus their stock price slid 25% over 3 days

 

[Cable Guy]

they listened because people were dropping their orders left and right plus their stock price slid 25% over 3 days

Correct. And stock price rules all for CEOs. Still better than stubbornly refusing to acknowledge your f-up.

 

[Moto26]

They could always just add $20K in ADM after the vehicles are delivered…

[ducks out of the way]

 

[Cable Guy]

They could always just add $20K in ADM after the vehicles are delivered…

[ducks out of the way]

I don’t think they have the “D”… guess it would just be an AM?

 

[NathanW]

No win situation for them. Selling a product at a loss is not a viable business plan, inflation is killing your bottom line and you HAVE to pass that cost on to your customers.

This situation is nothing at all like what scumbag Ford dealers are doing to their customers, because their "costs" aren't going up. They're just padding their pockets while taking advantage of a situation.

 

[AZ_BRONC]

This is what my brother received this morning, a day after finding out his reservation and order price had been increased $21,000+

 

[wilbersk]

No win situation for them. Selling a product at a loss is not a viable business plan, inflation is killing your bottom line and you HAVE to pass that cost on to your customers.

This situation is nothing at all like what scumbag Ford dealers are doing to their customers, because their "costs" aren't going up. They're just padding their pockets while taking advantage of a situation.

Rivian isn’t selling them at a loss regardless of a price increase. Inflation is just an excuse.

 

[Roll Sound]

This is what my brother received this morning, a day after finding out his reservation and order price had been increased $21,000+

Wow! $21K! But at least they said something. Anything.

 

[Cable Guy]

No win situation for them. Selling a product at a loss is not a viable business plan, inflation is killing your bottom line and you HAVE to pass that cost on to your customers.

This situation is nothing at all like what scumbag Ford dealers are doing to their customers, because their "costs" aren't going up. They're just padding their pockets while taking advantage of a situation.

Tesla took years to reach profitability. Rivian should be OK unless investors get impatient. Boy, and that’s never happened.

 

[mjcutri]

Rivian isn’t selling them at a loss regardless of a price increase. Inflation is just an excuse.

Are you sure about that?...
https://www.thedrive.com/news/44549...kes-were-planned-all-along-not-supply-related

The filing later continues: "It was clear that the vehicles were underpriced, and each sale would result in a loss for the company."

It then alleges that Behl agreed that vehicle prices would need to be hiked following the IPO.

 

[Cable Guy]

Wow! $21K! But at least they said something. Anything.

That was my whole point of this thread. They communicated…. Something, literally anything. And they made it right for the early reservation holders.

 

[Roll Sound]

That was my whole point of this thread. They communicated…. Something, literally anything. And they made it right for the early reservation holders.

Mine too. Ford, you watching?

 

[wilbersk]

Are you sure about that?...
https://www.thedrive.com/news/44549...kes-were-planned-all-along-not-supply-related

Well I was half right, they are wrongfully blaming “inflation”.

 

[Roll Sound]

Ford has told us, if you are a pre March 2021 orderer/reservationist that your MSRP holds fast. Ford told us they had MIC production problems and gave the option to switch to a soft top on 4-door models with a hard top prep kit (as asked by Customers). Ford has told us when your Bronco is being produced once you have a VIN. And Ford has told us assembled Broncos are in storage awaiting modules, and an estimated delivery date. Minute details are left out in most cases because those change constantly as affected by supply chain issues.

Rivian sends you an email with a voucher for KY Jelly and a $21K price increase...

I have a Bronco, and communication was not a strong suit of Fords. If you feel differently, with all due respect, you are incorrect sir.

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