Rivian R2 Reveal w/ R3 and R3X Surprises! $45K, 0-60 >3 seconds, 300+ miles range, NACS port, 4695 batteries

[dbsb3233]

I made a $100 R2 reservation. Guess I am crazy! The R2 hasn't gotten into the millions yet, though...

It's not crazy at 68,000 for the R2. It's kinda crazy at 2 million for the CT though as being 2 millionth in line will never realistically happen. Although as I said, I think a big chunk of those aren't really for the purpose of buying a CT, they're just trying to pump the stock.

Sponsored

 

[Mach1E]

Caveat emptor. If people were crazy enough to fork over $100 (refundable) when the reservations (supposedly) reached into the millions, that's on them.

Although I've always suspected in Tesla's case, a huge share of those are from their loyal followers/investors trying to jack up the stock price. Being able to tout a huge number of reservations can make other investors think there's huge demand and trigger more stock demand to jack up the price. Some have even admitted it. To someone owning 1000 shares, $10k for 100 refundable reservations is nothing to help jack up the stock price.

“Buyer beware,” is a pretty lame excuse when big businesses trick the public to the tune of half a billion dollars.

To quote Seinfeld-



If the company knows they can’t deliver that many vehicles, they need to quit taking reservations and people’s money when they absolutely know the people giving the money won’t get the product.

 

[kodiakng]

“Buyer beware,” is a pretty lame excuse when big businesses trick the public to the tune of half a billion dollars.

To quote Seinfeld-



If the company knows they can’t deliver that many vehicles, they need to quit taking reservations and people’s money when they absolutely know the people giving the money won’t get the product.

rivian is well covered and they disclose things upfront:

i'm not sure why you insist this is some nefarious plan. i personally don't plan on loaning them $100 but i'm definitely interested in their vehicles.

 

[Mach1E]

rivian is well covered and they disclose things upfront:

i'm not sure why you insist this is some nefarious plan. i personally don't plan on loaning them $100 but i'm definitely interested in their vehicles.

It’s only nefarious if they collect more deposits than cars they’re planning on building and if they knowingly put out features and prices they won’t deliver on.

Kinda like what Tesla did with the Cybertruck.

Time will tell, but I really don’t like what Tesla did and hopefully Rivian isn’t following suit.

But since they’re struggling and strapped for cash……. I am skeptical.

Oh….. and Rivian already has one strike with what they tried to do with their first vehicle the R1T-

https://www.cnbc.com/amp/2022/03/03...es-on-pre-orders-after-customer-backlash.html

Fool me once……

 

[kodiakng]

It’s only nefarious if they collect more deposits than cars they’re planning on building and if they knowingly put out features and prices they won’t deliver on.

Kinda like what Tesla did with the Cybertruck.

Time will tell, but I really don’t like what Tesla did and hopefully Rivian isn’t following suit.

But since they’re struggling and strapped for cash……. I am skeptical.

Oh….. and Rivian already has one strike with what they tried to do with their first vehicle the R1T-

https://www.cnbc.com/amp/2022/03/03...es-on-pre-orders-after-customer-backlash.html

Fool me once……

dear lord - if you don't want to put down a reservation then don't. you aren't going to be ralph nader here.

for those that do, the reservation agreement is quite clear in the very first stanza:

i do find it amazing that you're being intentionally obtuse about something rivian (and tesla) are quite clear and upfront about.

 

[Mach1E]

dear lord - if you don't want to put down a reservation then don't. you aren't going to be ralph nader here.

for those that do, the reservation agreement is quite clear in the very first stanza:

i do find it amazing that you're being intentionally obtuse about something rivian (and tesla) are quite clear and upfront about.

That’s hilarious. The disclaimer makes it worse.

Why do they need to take any money then?

No obligation from us and no obligation from them.

I’ll say it again: they shouldn’t take more reservations and money than the number of vehicles they’re planning on producing.

Do you disagree?

 

[kodiakng]

That’s hilarious. The disclaimer makes it worse.

Why do they need to take any money then?

No obligation from us and no obligation from them.

I’ll say it again: they shouldn’t take more reservations and money than the number of vehicles they’re planning on producing.

Do you disagree?

? that isn't a "disclaimer" - it's the first stanza of the actual reservation agreement. i'm beginning to wonder if you understand how the world works in general.

they are offering a slot in their ordering system for an upfront $100 payment. they are clear about what they are offering and under what terms. it appears 68k+ people think they are capable of and willing to make that decision. think of it as a private kickstarter for an R2.

you're welcome to make a different decision.

there is nothing nefarious, illegal, or untoward in any of this.

 

[mkhuffman]

That’s hilarious. The disclaimer makes it worse.

Why do they need to take any money then?

No obligation from us and no obligation from them.

I’ll say it again: they shouldn’t take more reservations and money than the number of vehicles they’re planning on producing.

Do you disagree?

I disagree. In fact, many CT reservation holders are declining to complete the order when their number comes up. You know why, but even if the price expectations were not way off, many won't be ready to buy when it is their turn. So the next person in line gets an opportunity to buy.

So no, I definitely don't agree the reservation qty should be limited to production expectations. And I 1000% disagree with putting idiotic politicians and regulators in the middle of the process. All they will do is make it worse.

 

[Mach1E]

I disagree. In fact, many CT reservation holders are declining to complete the order when their number comes up. You know why, but even if the price expectations were not way off, many won't be ready to buy when it is their turn. So the next person in line gets an opportunity to buy.

So no, I definitely don't agree the reservation qty should be limited to production expectations. And I 1000% disagree with putting idiotic politicians and regulators in the middle of the process. All they will do is make it worse.

In general I agree about idiot politicians interfering.

But sometimes we need rules to protect people.

What’s to stop companies from taking half a billion dollars interest free based on empty promises?

Right now, nothing.

There is a concept in law and business- “in good faith.” This (2 million Cybertruck reservations) doesn’t feel like that. I don’t think this is an honest business practice and don’t like that more manufacturers are following suit.

Totally fine if we don’t agree.

 

[Mach1E]

I disagree. In fact, many CT reservation holders are declining to complete the order when their number comes up. You know why, but even if the price expectations were not way off, many won't be ready to buy when it is their turn. So the next person in line gets an opportunity to buy.

So no, I definitely don't agree the reservation qty should be limited to production expectations. And I 1000% disagree with putting idiotic politicians and regulators in the middle of the process. All they will do is make it worse.

They can make the reservation (and backup reservation list) as long as they like.

I just don’t think they should take money from people until they’re far enough down the list that they’ll be able to get a car in the near future. Just my opinion, fine if you disagree.

I’ve seen reservation lists like this completely ruin the market for things before. Resellers get involved and destroy the market. Usually luxury items.

Custom boats with long waiting lists where people who have no interest in buying sell their spot in line for tens of thousands.
https://www.thehulltruth.com/boating-forum/1073129-freeman-build-spots-sale.html

Rolex watches are the other obvious example.

Legal? Sure. I just don’t like it.

 

[mkhuffman]

They can make the reservation (and backup reservation list) as long as they like.

I just don’t think they should take money from people until they’re far enough down the list that they’ll be able to get a car in the near future. Just my opinion, fine if you disagree.

I’ve seen reservation lists like this completely ruin the market for things before. Resellers get involved and destroy the market. Usually luxury items.

Custom boats with long waiting lists where people who have no interest in buying sell their spot in line for tens of thousands.
https://www.thehulltruth.com/boating-forum/1073129-freeman-build-spots-sale.html

Rolex watches are the other obvious example.

Legal? Sure. I just don’t like it.

The root of government regulations is someone who doesn't like what someone else is doing.

I think we just need to mind our own business and let free people do what they want to do. All those people paying for a CT reservation aren't hurting you at all. "I don't like it" isn't a good reason to use the power of government to stop it.

 

[GreaseMonkey]

I put a $100 on an R2 Thursday. I don’t see a problem with putting money down to reserve my place in line. No different when Ford set the expectation for $500 deposit on the Mach-E. I do understand that Rivian might not be around by 2026 and am willing to take that risk.

 

[woody]

as near as i can tell from the pics there is no charging port on these. ?

don't need one. wireless charging or magic wand , whichever is handy

 

[woody]

“Buyer beware,” is a pretty lame excuse when big businesses trick the public to the tune of half a billion dollars.

To quote Seinfeld-



If the company knows they can’t deliver that many vehicles, they need to quit taking reservations and people’s money when they absolutely know the people giving the money won’t get the product.

very funny
next they will teach ethics at ivy league schools

 

[woody]

I must be getting old. Or delusional. I thought I shelled out $D for a place in the MME reservation queue.
And look what I got (after a time)
Are they coming to take me away HaHa Ho ho

Sponsored