Rivian’s electric pick-up truck declared “Coolest Thing Made In Illinois” – WCIA (Champaign)

Rounding out the Top 4 are diffraction gratings used in VR glasses made in Champaign, spacecraft parts for the Orion Capsule made in Rockford and the snack Fruit by the Foot manufactured in Belvidere.
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your dime, your dance floor
2 years ago

It’s nice that Rivian makes cool stuff because their stock is down about 80% in the last 4 months, from $170 per share to about $30 per share. In the first quarter of this year, Amazon had a $7.6 billion write down and Ford a $5.4 billion write down to their earnings from this decrease in stock price. Both are partners with Rivian and Amazon a customer for 100,000 electric delivery vans.

Freddy
2 years ago

Coolest thing that very few can afford so what good is it. Top of the line pickup is around 100K other models start around 72K. What will battery replacement cost down the road?
https://www.caranddriver.com/rivian/r1s
This article does not bode well for the company and Illinois
https://www.theverge.com/2022/3/2/22958066/rivian-price-increase-r1t-r1s-for-new-and-existing-reservations They are increasing prices by up to $20K even if you reserved one which Tesla does not do.

James
2 years ago
Reply to  Freddy

You’d be surprised on that who-can-afford-what topic. I know a few farmers who HATE paying more income tax than necessary so much that they’ll buy top-of-the-line pickup trucks costing $70,000-ish as their MSRP so it becomes a business expense. I remember one telling me his had a Corvette V-8 engine in it. That was maybe four years ago, and maybe such engines aren’t even available for pickups at this point for all I know. Again, its safe to saythe gasoline expenses for those 16 m.p.g pickups are a business expense as well. That’s how much they hate paying income taxes.

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