"I was nearby and can confirm that it was the chargers that caught fire and spread to the vans,” said CloudCaptain-zj7nn. “This was not a battery fire. Amazon needs to provide shade to protect chargers from the Texas heat.”
Alright. I'm a fan of #Rivian, but 11.7k CT's sold in Q2? That's 2k short the amount of vehicles (R1S, R1T, AND EDV) Rivian delivered. Rivian sold less consumer vehicles than #Tesla sold Cybertrucks and the Cybertruck wasn't even discounted like the majority of Q2 Rivian sales. $RIVN$TSLA
I'm thinking they want to liquidate their $RIVN stock to finance the need to completely retool for EVs. #Ford$F can't easily finance that activity from retail profits anymore, since the ICE lineups will not see good profits. They'll see plenty of losses, though.
Ford's longtime bread and butter lineup of ICE F150's is having the rug pulled out from under it....every Lightning Ford sells is just one less ICE F150 that they could have sold.
Don't get me wrong....that's a good thing, IMO. But I think F150 sales are going to take a massive Mike Tyson-sized right hook to the jaw.
I expect that writing off their ICE product lines, in conjunction with the loss of their ICE lineups, will limit their EV capacity expansion and probably will break this company unless they get a massive cash injection from the Feds.
Snarled Supply Chain Paralyzes Rivian Delivery Van Production For Amazon
Time to sell $RIVN.
Rivian's Amazon Delivery Vans Keep Mysteriously Catching Fire
"I was nearby and can confirm that it was the chargers that caught fire and spread to the vans,” said CloudCaptain-zj7nn. “This was not a battery fire. Amazon needs to provide shade to protect chargers from the Texas heat.”
source: What Caused These Rivian Electric Vans To Catch Fire In An Amazon Parking Lot? - The Autopian
$AMZN $RIVN
Was Tesla's Cybertruck The Best-Selling US EV Pickup In Q2?
Alright. I'm a fan of #Rivian, but 11.7k CT's sold in Q2? That's 2k short the amount of vehicles (R1S, R1T, AND EDV) Rivian delivered. Rivian sold less consumer vehicles than #Tesla sold Cybertrucks and the Cybertruck wasn't even discounted like the majority of Q2 Rivian sales. $RIVN $TSLA
Rivian Q1 Earnings: Revenue Jumps A Whopping 82%
Yes, buy #Rivian now. Bullish on $RIVN
Rivian Could Offer Up To $15 Billion In "Phantom Bonds" To Secure New Georgia Campus
$RIVN should go to $0.2. Bearish
Why Is Ford Terminating Its Joint EV Development Plan With Rivian?
I'm thinking they want to liquidate their $RIVN stock to finance the need to completely retool for EVs. #Ford $F can't easily finance that activity from retail profits anymore, since the ICE lineups will not see good profits. They'll see plenty of losses, though.
Ford's longtime bread and butter lineup of ICE F150's is having the rug pulled out from under it....every Lightning Ford sells is just one less ICE F150 that they could have sold.
Don't get me wrong....that's a good thing, IMO. But I think F150 sales are going to take a massive Mike Tyson-sized right hook to the jaw.
I expect that writing off their ICE product lines, in conjunction with the loss of their ICE lineups, will limit their EV capacity expansion and probably will break this company unless they get a massive cash injection from the Feds.
DISCLAIMER: TSLA and EV bull. GM/Ford bear.