Forum Discussion
propchef
Oct 12, 2022Explorer
NamMedevac 70 wrote:
As usual Mr. Snob you missed the point that Rivian will soon be toast.
Name calling isn't necessary.
Nothing in the article even hints at that. One recall won't send them to the bin. Remember when Toyota recalled all of those Prius because of an accelerator issue? Or when VW got caught fudging diesel numbers? Both are still here and producing EVs by the tens of thousands.
Rivian currently sits quite solid from a financial standpoint. From the same article:
The cost of the recall is unlikely to dent Rivian’s substantial cash hoard. The company had $15.5 billion on hand as of the end of the second quarter, far more than most rival EV startups.
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