Love this guy! even better was the presentation. As a loyal Tesla owner for 6 yrs, booked the R2 in a heartbeat. There's SOUL & PURPOSE in Rivian - love it. We need more competition like this.
I lovvvveee that RJ was smart to get top UA-camrs and press to come and do one on one right when the release of the vehicles. I also love the lighting and turn tables, keeping the Rivian charater, rivian lighting and the latern light inside.
As a Businessman, entrepreneur, and someone who has worked in corporate for a number of years, RJ imo is a great representation of what a CEO should be. This company, this Brand, this product… A+!! I believe this is and will be a hit for years to come.
He never said they were “pausing the Georgia plant” although he didn’t deny it either. It can simply be that the GA plant won’t be ready in time for the R2. They save time and money by beginning production in Normal, IL first.
Sold my entire Tesla position and bought Rivian stock! Rivian has a full time CEO who is not dealing with 100s of lawsuits who also looks like Steve-O!!!
I kinda hope that Apple buys Rivian, as Rivian is desperately in need of a cash infusion, and Apple seems to want to become a player in the EV biz. While Rivian has created some good products, losing $35k a copy isn't a really viable business model. It's unclear to me how they get from where they are to becoming a really viable business without making some major changes in a really tough macro environment.
While losing $35k per vehicle is factually correct is it a short sighted view since that is trending downwards with each vehicle they deliver. All start ups experience this.
Great products they going to survive, go back at the history Tesla almost went bankrupt they struggle more than Ryan today But look at Tesla One of the most success EV company in the world The world is going to clean energy enviably it’s going to take time slowly, as time go by you’ll see more EV cars less diesel and fuel cars
Excitement from the consumers isn't surprising if they know product cost more to make than for them to pay. Rivian isn't offering this feature set at $45K because of some DFM prowess resulting in low cost to manufacture and hence great profit; it's offering this feature set at this price because that's what needed to get attention. If you were the owner and your officer comes with this business plan, how would you react? Yet, the shareholders (part owners) are drinking this up.
With automotive vehicle manufacturing, scale is everything. Selling a lower-priced vehicle will improve the economy of scale, thus lowering the overall cost to manufacture it. Can't stress this enough, if they can reach scale then it will be profitable to sell. The same thing happened to Tesla when they started selling the Model 3 and Y at 100,000 - 300,000 units per year.
@@davidbraverman1 You are right but also wrong, yes of course having economies of scale will make a difference, but Rivian case is not the same as the Tesla you mentioned, Tesla did have a profit per vehicle sold since the begging but the over head and other expanses made them unprofitable for a while, Rivian is the opposite, they lose mony for ev sold, without counting extra expenses, Make more evs will mean more losses.
Hey RJ, you do get those range if you charge at 100% though I get it its lower when they suggest keeping it 85-90%, but for daily driving, perfectly fine. Who drives 280 miles everyday anyway unless u are on a long trip. Now that Rivian will open their own charging station along with Tesla... plus IONNA coming soon, range anxiety will be a thing in the past.
RJ is a genius and shouldn't share his future plans in public but people can see now that he likes to achieve more than he talks😉🔥😎❤️ I love Rivian and RJ and wish Rivian the whole success ❤😊
Rivian is currently losing tons of money on their more expensive models, how could they possibly sell a lower cost model without losing even more money? Sounds like a recipe for bankruptcy. I miss the days of proper reporters who ask the hard questions rather than CNBS' variety of infomercial reporting.
Sounds like they hope to sale enough 45k r2s to keep them afloat with help of 7500.tax credit. Rivian Is definitely struggling to make low cost ev .the r3 should been first hopefully 35k with 7k gov incentives. As a Georgia citizen I know we offered several tax breaks them pausing construction sucks because we were expecting jobs for those breaks they took...seems me Rivian still struggling to get it done they need to add nacs plug to their cars to help them with charging tol alot of missed opportunities in Rivian 😅but I hope they survive I like the product being built usa
Hydrogen cars not the future. Hydrogen semis and heavy vehicles, perhaps. Hydrogen planes, maaaybe. But hydrogen infrastructure is a bazillion times more expensive than EV infrastructure. You can't simply repurpose gasoline infrastructure for hydrogen and expect to do it cheap or reliably.
I love Rivian. But placing the new charge port at the rear right after knowing they're joining the Tesla network is dumbfounding. They had 2 proper choices -- the rear left, or better still, the front right. And they've missed both times -- first with the front left and now with the left rear. I'm speechless. How can such a smart company be so dumb? And the pause on the Georgia plant is really concerning.
1) Cost savings. The R2 has all the high voltage components in the back, they chose to put charging in the back to achieve cost savings. 2) Curbside charging. They're making this for the European market as well, where curbside charging is huge. It's not just for America. 3) Tesla superchargers not being able to support both left and right side charging was a big design flaw on Tesla's part. They should've thought of that before offering up their charger to become the North American standard. When your charging lot gets full even with half the stalls empty, that's a planning failure. Longer cables, centrally-placed chargers would have avoided this issue entirely. Gas stations figured out how to support left and right side fueling literal decades ago. Tesla needs to catch up. 4) Georgia plant should've never been pursued, Rivian still hasn't maxed out their capacity at the illinois plant. This was a smart move.
I do not believe in Rivian, because they do not produce many EVs. I am not impressed with their current expensive model. I drove it, but I would not buy it. My concern is a service, because if it breaks that could be a problem, at least Tesla makes a lot of cars and has a good service.
No Full Self Driving upgrade available if desired? No deal. Pass. It is a car with hardware, but without the best software. Even their best hardware BEST range is 300 miles. So the basic model is going to likely be in the low 200 mile range. Pass again. Plus, this is a five-seater, without option for seven. Pass again.
Rivian drivers don't care about self-driving, they're taking it offroading. The R1 is for 7seats, the R2 is smaller, of course it's going to have less seats.
Apple should buy this company.. implementing iphones 📱 technology like Face ID to unlock 🔓 apple will take this company to the next level.. 💯 Apple have the 💰 & technology imaginable apple AR tech in the front windshield …💯🦾🔥🔥🔥🔥🗣️🗣️
Love this guy! even better was the presentation. As a loyal Tesla owner for 6 yrs, booked the R2 in a heartbeat.
There's SOUL & PURPOSE in Rivian - love it. We need more competition like this.
Downgrading ehhh?! lol
Wheels and Roof will fall off.
Man brutal media title right there. “Rivian ceo on Georgia plant delay” not “unveils dope new car”
Investors care about those types of things very much and that's CNBC's audience.
RIVIAN has DEMAND problem.
Wrong, CNBC audience is retail sheep. @@tboneforreal
I lovvvveee that RJ was smart to get top UA-camrs and press to come and do one on one right when the release of the vehicles. I also love the lighting and turn tables, keeping the Rivian charater, rivian lighting and the latern light inside.
As a Businessman, entrepreneur, and someone who has worked in corporate for a number of years, RJ imo is a great representation of what a CEO should be. This company, this Brand, this product… A+!! I believe this is and will be a hit for years to come.
The R2 looks incredible, exactly what I was hoping for.
2026 is a very LONG way away. a lot can Happen .
@@markplott4820 Sure, but the time line works well for me. If Rivian can get R2 to market I'll be switching from Tesla to Rivian in a heartbeat.
Outstanding innitiative! Putting US back to the EV global challenge
RIVIAN has DEMAND problem , and cannot SCALE.
Reserved my R2. Love the R3 too!
2026, LOL.
He never said they were “pausing the Georgia plant” although he didn’t deny it either. It can simply be that the GA plant won’t be ready in time for the R2. They save time and money by beginning production in Normal, IL first.
Good to see Steve-O expanding his range of talent! Who would have thought?
That reporter seemed really fixated on that 300 mile range.
R2 reserved, can't wait!
Steve O is crushing it nowadays
I love RJ and Rivian!
I thought that was Steve-O at first
He looks like he could be Steve-Os CEO middle brother
Steve-o really turned his life around. Good for him
Impressed with the new models. I'd be interested in getting that cross over R3. Rj a good CEO.
Nice
Looking vehicles
I love seeing Rivian’s on the road and really hope this guy succeeds. He seems to be a class act.
Sold my entire Tesla position and bought Rivian stock! Rivian has a full time CEO who is not dealing with 100s of lawsuits who also looks like Steve-O!!!
A Wise move on your part. Consumers will soon get tire of Tesla's boring interior.
Harry chu hates you for selling Tesla stock😂😂😂
@@tenslider6722horrible move lol I hate this “boring” mention wtf do you do in your car?! lol
Horrible move stick with the leaders. AMD isn’t Nvidia. Samsung isn’t Apple get it? Only sell Tesla for Bitcoin or Snowflake rookie.
Tesla stock is really expensive. Look at it today. It’s going down review one up 15%. This is great products not go away.
Steve-O the man of many hats! Real glad of what he accomplished. Yeah duude!
R3 and R3X will be blast 💥
The cookies were good, that's why I was attending the event
We should all be applauding a designed in America made in America, special company and products like Rivian with great leadership
Reserve now be the first deliveries.
RJ has real Clark Kent vibes.
Why is Steve O selling cars now
With those glasses he ain’t fooling anybody
I was waiting for this comment 😂😂😂😂
He has expensive habits
You mean Clark Kent @@francismarion6400
Rivian got the best design love it
I kinda hope that Apple buys Rivian, as Rivian is desperately in need of a cash infusion, and Apple seems to want to become a player in the EV biz. While Rivian has created some good products, losing $35k a copy isn't a really viable business model. It's unclear to me how they get from where they are to becoming a really viable business without making some major changes in a really tough macro environment.
Rivian is not "desperately in need of a cash infusion". If they need cash, they will ask from investors like Jeff Bezos who owns 17% of the company.
While losing $35k per vehicle is factually correct is it a short sighted view since that is trending downwards with each vehicle they deliver. All start ups experience this.
Great products they going to survive, go back at the history Tesla almost went bankrupt they struggle more than Ryan today
But look at Tesla One of the most success EV company in the world
The world is going to clean energy enviably it’s going to take time slowly, as time go by you’ll see more EV cars less diesel and fuel cars
APPLE adds Nothing to RIVIAN.
Now make a 2 door version of the r3. Kind of like a jeep ford bronco.
Great cars and amazing family, I love it ❤️.
Rivian has a good design.
I want Rivian to do better than Tesla
less SAFE.
They won't, Tesla's too big. But there is a huge market for non-Tesla EVs.
@@shinikyokai8815 - China car industry shrunk,went from 5,000 OEMs to just few Hundred in 2024.
TESLA still the LEADER.
I freakin' love my R1T. Best vehicle I've ever driven. A Rubicon is 2nd.
CYBERTRUCK > rubicon.
Excitement from the consumers isn't surprising if they know product cost more to make than for them to pay. Rivian isn't offering this feature set at $45K because of some DFM prowess resulting in low cost to manufacture and hence great profit; it's offering this feature set at this price because that's what needed to get attention. If you were the owner and your officer comes with this business plan, how would you react? Yet, the shareholders (part owners) are drinking this up.
Apple just buy Rivian.. future looks bright
I love it definitely I’m going to order one
why ? Rivian wont exist in 2026.
Didn't know Steve-O runs Rivian
Steve-O seems to know his stuff
Yall keep saying Apple buy Rivian like Amazon will let that happen. Obviously not smart enough to drive Tesla 😂
Lower cost ev for Rivian probably means more losses per vehicle sold. Hope I'm wrong but it seems like it
The host should have said "lower price" for the consumer developed / manufactured at the same high cost infrastructure.
With automotive vehicle manufacturing, scale is everything. Selling a lower-priced vehicle will improve the economy of scale, thus lowering the overall cost to manufacture it. Can't stress this enough, if they can reach scale then it will be profitable to sell. The same thing happened to Tesla when they started selling the Model 3 and Y at 100,000 - 300,000 units per year.
Yes, your math isn't common core.
@@davidbraverman1 You are right but also wrong, yes of course having economies of scale will make a difference, but Rivian case is not the same as the Tesla you mentioned, Tesla did have a profit per vehicle sold since the begging but the over head and other expanses made them unprofitable for a while, Rivian is the opposite, they lose mony for ev sold, without counting extra expenses, Make more evs will mean more losses.
No, you get it wrong without any comment just look at Tesla history they didn’t success and they came with less expensive cars
I thought it was Steve-O from jack ass
Apple hurry up and buy them already.
AMS25FA, ETH, and more would be great.
“We’re so excited, we can’t wait to start building” is corporate for, our Georgia deal is falling apart.
Love love…trade my model Y for sure
Hey RJ, you do get those range if you charge at 100% though I get it its lower when they suggest keeping it 85-90%, but for daily driving, perfectly fine. Who drives 280 miles everyday anyway unless u are on a long trip.
Now that Rivian will open their own charging station along with Tesla... plus IONNA coming soon, range anxiety will be a thing in the past.
well, not everyone has charger at home my friend. Some wait in line at whole foods parking lot.
Charging it at public charger is a lot more expensive than at home charging. Those power stations often don’t work too.
@@ngroy8636 you are saying one has to first buy home to buy Tesla or any EV. Correct?
RJ is a genius and shouldn't share his future plans in public but people can see now that he likes to achieve more than he talks😉🔥😎❤️
I love Rivian and RJ and wish Rivian the whole success ❤😊
Can we get an affordable 4x4 2 door regular cab with an actual bed. You know.. like an actual truck?
I said the exact same thing if we can have an r3 then we can have a 2 seat pickup truck
too heavy
Nope those don't sell and haven't for decades. Super and crew cab pickups took over in the 90s.
Toyota Stout.
Thanks for the info. Will short tomorrow
Rivian is currently losing tons of money on their more expensive models, how could they possibly sell a lower cost model without losing even more money? Sounds like a recipe for bankruptcy.
I miss the days of proper reporters who ask the hard questions rather than CNBS' variety of infomercial reporting.
Tesla lost money until their model 3, this is their model 3
@@ericp4573 tesla has volume rivian can't even imagine
It's the Madoff business approach.
Buy Rivian stock at these discounts harry chu. 😂😂
@@ericp4573yes all best selling cars in the world are created equal smh. They won’t have the sales numbers to be profitable. Do more homework.
All the top features of the Rivian vehicles are direct copies of Tesla. Rivian needs to be more creative
are they making money yet on any vehicle.
NOPE.
i hear a lot of deflection.
Who is backing Rivian? Where is Rivian getting all the cash to build new plants and manufacture the new vehicle?
Amazon was one of their big backers and Ford.
2026 is a long ways from now… will they hit us with a 20% price hike like they did with the R1 after it was first released?
Yes, but not only because they can, because the demand will be high, but because they have to.. in order to make profits and stay in business.
Sounds like they hope to sale enough 45k r2s to keep them afloat with help of 7500.tax credit. Rivian Is definitely struggling to make low cost ev .the r3 should been first hopefully 35k with 7k gov incentives. As a Georgia citizen I know we offered several tax breaks them pausing construction sucks because we were expecting jobs for those breaks they took...seems me Rivian still struggling to get it done they need to add nacs plug to their cars to help them with charging tol alot of missed opportunities in Rivian 😅but I hope they survive I like the product being built usa
Looks good! but they are loosing money
DEMAND problem.
2026 huh. I am out
I think Evs maybe in 10 years for me.
Smaller thoes not sound good.
I have a Rivian R1T and range exceeded the range they say. Unlike the other maker aka Tesla 😂
American hustle 😂🎉
EPA range testing is OUTDATED & Flawed.
They will both serve a function and niche. AMS25FA has a lot more momentum right now and will decentralize as it scales
Its quite possible that AMS25FA will hit $10. Crossing our fingers for a safe travel!
Never buy a 1st generation product
👋🏻👋🏻👋🏻
Lower cost SUV? 😂
EV range rover evoque😂
I see Nvidia go 70 to 80% down as usual lol, that's when all these clowns gonna tell you to sell. Look at the chart ppl! Ignore these clowns!
yahhh, yahp!
They were already losing money on every car. Now their business plan is to lose even more per car on more cars! lol
they are losing a ton no hope EV outside of Tesla is a graveyard.
INSOLVANT already.
This guy is a master of never answering the question asked. I smell fear.
RJ is a Master Baiter.
Insta buy
RIVIAN is insolvent w/ Creditors .
RJ reminds me of Elon Musk from about 10 years ago, I just hope he does not follow the same path................
Did RJ totally forget about hydrogen cars?
Hydrogen cars not the future. Hydrogen semis and heavy vehicles, perhaps. Hydrogen planes, maaaybe. But hydrogen infrastructure is a bazillion times more expensive than EV infrastructure. You can't simply repurpose gasoline infrastructure for hydrogen and expect to do it cheap or reliably.
@@shinikyokai8815 Honda is starting hydrogen cars in the U.S. later this year.
What RJ is good at for many years is issuing stocks to make electric cars. Worst CEO.
D2
2026.. lol
The input cost and wages are as high as their current vehicles and now they’re selling vehicles at a discount. They really are financially doomed
I love Rivian. But placing the new charge port at the rear right after knowing they're joining the Tesla network is dumbfounding. They had 2 proper choices -- the rear left, or better still, the front right. And they've missed both times -- first with the front left and now with the left rear. I'm speechless. How can such a smart company be so dumb?
And the pause on the Georgia plant is really concerning.
1) Cost savings. The R2 has all the high voltage components in the back, they chose to put charging in the back to achieve cost savings.
2) Curbside charging. They're making this for the European market as well, where curbside charging is huge. It's not just for America.
3) Tesla superchargers not being able to support both left and right side charging was a big design flaw on Tesla's part. They should've thought of that before offering up their charger to become the North American standard. When your charging lot gets full even with half the stalls empty, that's a planning failure. Longer cables, centrally-placed chargers would have avoided this issue entirely. Gas stations figured out how to support left and right side fueling literal decades ago. Tesla needs to catch up.
4) Georgia plant should've never been pursued, Rivian still hasn't maxed out their capacity at the illinois plant. This was a smart move.
lower cost... still overpriced and unreliable
DONGFENG China can produce R2 & R3 by Summer 2024 in Dongfeng platform.
I do not believe in Rivian, because they do not produce many EVs. I am not impressed with their current expensive model. I drove it, but I would not buy it. My concern is a service, because if it breaks that could be a problem, at least Tesla makes a lot of cars and has a good service.
Tesla was first. Give Rivian some time.
did you like Tesla when they didn't "make a lot of cars"?
Every single video on UA-cam has people raving about the R1 models. Your must be as picky as my 2 year old eating food 😂
did you like Tesla when they didn't "make a lot of cars"?
@@QK..Tesla is a monopoly.
Rivian can't even service their current vehicles.
They have no chance standing against Chinese competitions.
ZERO Chinese EV in USA , except for Volvo & Polestar, very LOW sales.
Americans don't care about Chinese brands. They're not gonna buy a car named ZEEKR it's too cringe
Make a sedan! that's why no one likes their share price.
Then that's what Tesla, Lucid, Faraday, and practically what everyone else, is doing.
SEDAN not selling well.
Lol no. Americans fell out of love with sedans.
Puts
This company is shady. They barely sold any vehicles yet they have over $2 billion to spend.
Around 80,000 vehicles delivered, which is more than 10x what GM managed with their Ultium platform at this point.
That’s not low cost… low cost would be 20k or less.
No Full Self Driving upgrade available if desired? No deal. Pass. It is a car with hardware, but without the best software. Even their best hardware BEST range is 300 miles. So the basic model is going to likely be in the low 200 mile range. Pass again. Plus, this is a five-seater, without option for seven. Pass again.
Rivian drivers don't care about self-driving, they're taking it offroading. The R1 is for 7seats, the R2 is smaller, of course it's going to have less seats.
"Full" interview? 🤨
Apple should buy this company.. implementing iphones 📱 technology like Face ID to unlock 🔓 apple will take this company to the next level.. 💯 Apple have the 💰 & technology imaginable apple AR tech in the front windshield …💯🦾🔥🔥🔥🔥🗣️🗣️