Posted on 10/04/2021 11:09:35 AM PDT by SunkenCiv
Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public.
The company, which started in 2009 as Mainstream Motors before adopting the Rivian name two years later, has exploded in terms of people, backers and partners in the past few years. Rivian operated in secret for years before it revealed prototypes of its all-electric R1T truck and R1S SUV at the LA Auto Show in late 2018. Since then, Rivian has raised about $11 billion ($10.5 billion of which was raised since 2019); expanded its Normal, Illinois, factory; hired thousands of employees; landed Amazon as a commercial customer; and, most recently, filed confidentially for an IPO.
Now, its S-1 is revealing more details about the company and its operations. According to its IPO filing, Rivian is officially based in Southern California, a detail that, believe or not, wasn't so clear a few months ago. The company's headquarters previously were listed as Plymouth, Michigan...
Media reports indicate that the company could pursue a valuation as high as $80 billion in its debut.
(Excerpt) Read more at techcrunch.com ...
There is no $70K petrol powered F-150 base sticker price. The Rivian does come with a base $70k sticker price
Only one way to get that job done - fossil fuels and nuclear energy.
Great Britain and California and to some extent Germany are on the brink of rolling black outs because of their dependence on solar and wind.
Germany has temporarily postponed its electricity crisis by re-starting several coal generators.
In the meantime, Germans pay the highest electrical rates in the world.
Thanks, Merkel!
Yeah, the vid I watched probably three years ago was from a car show, and the prototype was shown by the Rivian guy to some vid blogger with an EV show, and he was shown every nook and cranny. Nice vehicle. The link up there may be the same one I saw.
Ramping production? That’ll be a different story, but as their pickup is first to market (Tesla’s Cybertruck isn’t yet available) and much more conventional looking, AND I think it has better range, they will probably only fail if they can’t quickly deal with production bottlenecks vs demand.
Solyndra was a flat-out money-laundering / kickback scheme built (or rebuilt) to enrich the gang of thug organizers, when Obama was in the White House.
So, no, it isn’t “fake capitalism”.
It’ll be a fine mess. However, the use of hydrocarbons to generate electricity via fuel cells is real, not a lab curiousity, and is distributable — that is, the generating capacity can be grafted into the grid near where the juice is to be used, like near the local substation, with just a natural gas line laid in to feed it. Easier to turn on and turn off to match loads.
Re: Lightening-quick acceleration
NOT good news for elderly professional pedestrians who live in an urban area, like me.
These days, every close call I have while crossing busy intersections or walking through a parking lot usually involves a completely silent electric vehicle.
Did I forget to mention electric bikes on the sidewalks?
My motto - 95% of drivers are deliberately trying to kill me. The other 5% are drunk.
Before I check the TSLA price in the morning, I cue up Danny and the Juniors’ “At the Hop”. I got up and around about 10 AM, it was up over $23, when I checked perhaps 30 minutes ago, it was up $7.
The quarterly deliveries were stronger than expected. The Berlin Gigafactory intro tour is going to happen within a week. The Austin plant is also nearing completion, including some of the internals.
Given that the Fremont plant was a retrofit, and the Berlin and Austin plants will each probably exceed the production in Shanghai, Tesla’s capacity will more than double in 2022 yoy.
Add to that the Cybertruck will ship early in 2022, and by late 2022 at least two, possibly three new plants will be announced and construction started, I suspect the stock is going to remain volatile, but as it has been for quite a while, the overall trend will be up for the stock.
Car and Driver notes that Rivian’s got deposits for 48390 trucks, and at starting list price:
48390*68145=3297536550
$3,297,536,550
I may not be fully informed on Solyndra’s scheming. I just know it was supposed to build green energy platforms like solar panels and used taxpayer subsidies. Would not be surprised if they never intended to do anything but skim the cash.
It is not capitalism when you can invest $11 billion knowing that taxpayers are going to provide all the investment necessary to at least try to your product accepted by the market. As it stands, that is unlikely to ever really work. California already begs people not to charge their cars after work. One of the Scandinavian countries has the same problem I forget which. People get home, turn on lights, turn on air conditioners/heat, do laundry, start the dishwasher... and now they plug in cars which draw a ton of power from the grid. The average family cannot afford to install solar panels and battery storage units for night and rain/snowy days. Unless taxpayers pay for it.
And I just learned that many of those malls and hotels that offer “free charging” actually have a diesel generator on site. For some silly reason I thought they were on the grid but actually many of them are separate systems. So yeah, it is free to the person who gets to the plugs first but is being paid for by others, and is no greener than the diesel truck that delivers the diesel gas. Worse since it pollutes right in the middle of populated areas. As a service I get it - mall owners want to give people all the reasons possible to come to the mall. But it’s just passing the costs to everyone else. Like sugar subsidies. We all pay a very small amount per pound, but when added up it’s hundreds of millions just for sugar farmers/brokers.
I’ve been noticing a deterioration in the driving skills for some years now. Part of that is, I’m transitioning into my “Get OFf My Porch” phase, and part of it is a lot of doped-out jackoffs, and another part is seasonal labor who don’t have licenses but still manage to have cars and food stamps, and yet another part is, pathologically self-centered wangdoodles in their 20s and 30s who got driver’s ed from someone who wasn’t as demanding as the a-holes who gave me mine. :^)
Many of those electric cars have sensors. Heck, even many gas powered cars these days have breaking sensors and blind side alerts. How and when and if they work, I have no idea. They could have radar and IR type systems installed but more expensive and more things to break, update, repair. I did drive a car with lane change correction. If the car drifted it would push itself back into the lane. Had to override it with slightly more force on the steering column, or turn on the blinker, to avoid the steering column resistance it gave back when it thought the movement was an error. It also had radar or something to detect the speed of approach. Didn’t go to a full stop but would apply at least 50% break.
I remember watching Jay Leno doing some kind of walking-around thing that he used to do, on the Tonight Show, and of course it was taped during the afternoon.
He was wandering out through the NBC parking ramp/lot and went by his electric car (probably a plug-in hybrid, given the era, I just don't remember). And it was by a charging station, and he'd had it plugged in. I think, of all people, he could afford to charge it at home.
The problem isn't charging during off-peak hours, it's dogpiling the "free" charging during the peak hours.
Just configured my F-150 with extra goodies - some I have no idea what they are, but they added to the price, made it diesel because that costs more - if I were in the market and had to chose between the two - Ford hands down.
Rivian : unproven, limited range without a load on a flat surface at a fixed speed in fair weather. Perfect for some guy to show off a fancy over priced electric truck which he uses once a week to haul his trash to the dump.
Your F-150
Payment
Base MSRP S1: $36,805
Total of Options S4: $11,255
Destination Charges S17: $1,695
Acquisition Fee S18: $645
Total: MSRPS16: $50,400
Available Incentives S3 -$0
Estimated Net PriceS5 $50,400
$509 Monthly Payment S6 Lease based on $4,976 down payment, 36 month term and 10,500 mileage, $0 trade-in-value
Model
2021 F-150 XL, SuperCab, 6-1/2’ Box, 2.7L V6 EcoBoost® with Auto Start-Stop Technology Engine, Electronic Ten-Speed Automatic Transmission with Selectable Drive Modes, 4x4, 3.55 Electronic Locking Axle Ratio $36,805
Paint S4
Velocity Blue $0
No Secondary Color $0
Packages S4
101A High: $2,280
Equipment Group 101A Discount: ($750)
FX4 Off-Road Package: $1,005
Trailer Tow Package: $1,090
Ford Co-Pilot360™ 2.0: $655
360-Degree Camera Package: $0
Tow Technology Package: $880
Power Equipment Group: $0
Powertrain S4
2.7L V6 EcoBoost® with Auto Start-Stop Technology
Electronic Ten-Speed Automatic Transmission
4x4
Exterior S4
17” Silver Steel Wheels: $0
Tailgate Step with Tailgate Work Surface: $430
Tonneau Pickup Box Cover – Retractable: $1,695
Bed Hooks – Retractable by Bull Accessories, Black: $100
Windows – Rear Defroster: $220
BoxLink™: $80
Engine Block Heater: $90
Molded Splash Guards Without Wheellip Molding – Front: $220
Skid Plates (4x4 Only): $0
Extended Range 36 Gallon Fuel Tank: $445
Reverse Sensing System: $0
Fog Lamps – Halogen: $140
LED Side-Mirror Spotlights: $175
Manual-Folding, Power Glass Sideview Mirrors – Heat and Turn Signal: $305
Black Platform Running Boards: $250
3.55 Electronic Locking Axle Ratio: $0
265/70 R17 OWL All-Terrain Tires (4x4 Only): $0
Interior S4
Medium Dark Slate: $0
Cloth: $0
Cloth 40/20/40 Front Seats (XL): $0
Privacy Glass: $100
40/20/40 Removable Cup Tray: $50
Floor Liners – Tray Style - No Carpet Mat: $0
Color-Coordinated Carpet with Carpeted Matching Floor Mats: $145
Integrated Trailer Brake Controller: $0
Cruise Control: $0
Onboard 400W Outlet: $290
Interior Work Surface: $165
AM/FM Stereo Radio; $0
SYNC® 4: $0
Remember the Grand Wagoneer SUV back in the 1980s? A beautiful car, in my opinion.
They are coming out with a 2022 luxury Wagoneer (not electric) that costs $125,000.
The interior is compact but beautiful. The exterior looks like every other four door car on the road.
The Rivians in “Long Way Up” had the same problem the Harley electric bikes did. They lost a lot of range and power when operating in very cold temperatures like Tierra Del Fuego at the tip of South America. More than once they ran out of charge in a couple episodes. The good part is that they can be tow charged to about 80% in half an hour if you can find a friendly trucker to pull you around. They also had a brake failure that caused the truck to roll backwards out of control and smash the undercarriage against a big rock.
Yeah, they weren’t quite ready for such a grueling trip as that.
F-150 Limited starts at $73k
Re: Pedestrian cardiac arrest
Many cars now shut off when they come to a stop at a light.
When you suddenly hear a car start as you walk directly in front of it, you instinctively flinch, and you are never sure if you need to sprint forward or backward to avoid being run over.
Yeah. I remember the first time I experienced that. It was a rental car on a business trip. Engine shut off at a full stop. I was “huh? Did my engine just die?”. But took my foot off the break and it restarted. I figured out what it was but then wondered how much fuel does it actually save having to turn the motor over 100 times a day? I honestly don’t know but they must have done the math.
Also found a button to turn that silly feature off.
F-150 sells for $30,000?
My 2010 F-150 FX4 was almost $50,000. For $30,000 you’re getting base model with no options, I’d assume.
Correct Base model of the F-150 powered by gasoline compared to base model price of Rivian powered by Electric
In other words an apples to apples comparison rather then the most expensive possible gas powered F-150 to the base sticker price of the Rivian.
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