Rivian stock tanks on R1T truck price increase, as Elon Musk tips profit's 'impossible' amid preorder cancellations

[Redaktion]

Rivian's flagship quad-motor AWD R1T electric pickup model now starts from the whopping US$79,500 instead of the US$67,500 it cost the other day, and that's without the destinations charges. As if to soothe that drastic price increase, Rivian introduced two cheaper RWD models with smaller batteries, but for a 2024 delivery.

https://www.notebookcheck.net/Rivian-stock-tanks-on-R1T-truck-price-increase-as-Elon-Musk-tips-profit-s-impossible-amid-preorder-cancellations.605596.0.html

[mjw149]

I don't think inflation should be a surprise to anyone at this point, and Tesla increased prices after their debut, even before this crazy COVID inflation occurred.

[DF]

Mr Musk had better be humble, if that's even possible.  He doubled the cost of his solar roof systems (even to customers with signed preorder pricing and contracts) creating a huge amount of angst for those who could not afford the new pricing but had already made huge investments in property to ready for the installation.  Does he care?  Not a wit.  He's the pot calling the kettle black.

[take_the_bus]

If you're dumb enough to drop 67k on  a brand new vehicle that hasn't had the bugs worked out yet, then your vanity and ego probably wont stop you from paying another 13k to say you had the first of something.