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Rivian increases prices by up to 20%, citing inflation

RagnarKon

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Toccoa

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5280Bronco

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Are they offering pricing protection?
 
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RagnarKon

RagnarKon

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Are they offering pricing protection?
Nope.

They mirrored Tesla's model: If the vehicle was in "fulfillment status" (ie. had a VIN number and was on the way to the buyer), then they are locked into that original pricing. But if they only had a reservation, they get to pay the new price.

03/03 EDIT— Sounds like Rivian got some hefty pushback and decided to offer price protection.
 
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ocbucks1

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  • Rivian R1T (the pickup) jumped by 17%
  • Rivian R1S (the SUV) jumped by 20%

Yeeee-ouch!!

o_O

https://www.bloomberg.com/news/arti...es-of-electric-vehicles-on-higher-parts-costs
Maybe but EV are a different business and not so easy to make a margin. Did you see Farleys comments. He said Ford can not make a margin in the current business. Need total revamp of engineering and tech. Also mentioned no dealerships. A least he is open to the issues. It’s not about making a nice EV. Can you produce at scale and a margin. Only one EV can say that now. And ford and Rivian has a long way to go.
 

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Mango&Moose

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C'mon Man!
 

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Hopefully the order sheet pricing for my Lightning doesn't change.
 

wesk1318

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I have an R1S the suv on order, my spec went from 84k to 100k overnight. The 4 motor and 316 mile battery that was included in my 84k are now 6k each if I still want them.

The dual motor is now standard but wont ship until 2024. You can only get the 7 seater in the SUV too I had the 5 seater originally.

I would predict a lot of people will be cancelling their reservation and getting their $1k back.

Reserved in May 2021, first expected ship date (I was told in dec 2021) was first half of 2023.
 

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mattymik

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I have an R1S the suv on order, my spec went from 84k to 100k overnight. The 4 motor and 316 mile battery that was included in my 84k are now 6k each if I still want them.

The dual motor is now standard but wont ship until 2024. You can only get the 7 seater in the SUV too I had the 5 seater originally.

I would predict a lot of people will be cancelling their reservation and getting their $1k back.

Reserved in May 2021, first expected ship date (I was told in dec 2021) was first half of 2023.
Yep. The awareness of human psychology here seems to be missing.

People have a *big* loss aversion, and so making them feel like they are now losing out on the $6k or $20k or whatever is really going to trigger resentment, even if the new bottom-line price isn’t itself a dealbreaker.
 

MnLakeBum

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Elon is right, making a prototype is easy. Scaling production, not so easy. Tesla is 5 years ahead of all the other non-Chinese EV manufactures. They will be shipping 2,000,000 EV’s a year before Ford is shipping 250,000/year.

Ford Bronco Rivian increases prices by up to 20%, citing inflation 646F0216-7D89-44BC-94DD-5751100528B5
 

Rick Astley

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Nope.

They mirrored Tesla's model: If the vehicle was in "fulfillment status" (ie. had a VIN number and was on the way to the buyer), then they are locked into that original pricing. But if they only had a reservation, they get to pay the new price.
How can I change this into an insult directed at Ford because they lost me?

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