The EV Red Ink Keeps Coming – Wall Street Journal

"Rivian has its own profligate government patron—the state of Illinois. This week Gov. J.B. Pritzker announced up to $827 million in incentives for Rivian to expand a local plant and hire 550 employees—about $1.5 million per job. An underwater state is coming to the rescue of an underwater manufacturer. Anyone want to predict how this will turn out?"
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Colour Sergeant Bourne
2 years ago

Hertz rental just sold 10,000 EVs from their fleet,of approx 30,000 EVs at a loss of $195 million. EVs are being sold due to high repair costs and lack of spare parts.

pam
2 years ago

Plus they suck in cold weather and don’t go far without a charge!!
Also hard on the roads cause of their weight and it is said they are bad for the atmosphere.

Last edited 2 years ago by pam
Ex Illini
2 years ago

Rivian execs can’t believe their good fortune. Pritzker is their sugar daddy, and he is hellbent on making them successful. Rivian will never, repeat never, be a successful manufacturer of EVs. It simply can’t be done. They can however milk the state of Illinois for billions before the game is over. At this point all we can do is hope JB continues his binge eating.

pam
2 years ago
Reply to  Ex Illini

Like obummer and solendra……..same BS

David F
2 years ago

Lets see Rivian lost 1.7 Billion last year, 1.45 Billion in the first 3 months and the state gives them almost a Billion. Thanks fat boy.

debtsor
2 years ago

Carnival barkers spelunking for misery!

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