I'll say this about Rivian:
I'm rooting for them, as a few of my former colleagues are still there but a few things give me pause about the company as an investor:
I was with a group of engineers at an auto show. After looking over Rivian there for about a hour (GM/Ford etc teams were all doing the same) one of our EV leads who I respect told me in no uncertain terms 'there's no way we can do this for under $90K.'
Then I read about this little nugget in a lawsuit a former Rivian executive has brought against the company:
'Schwab (plaintiff) said
she warned executives that Rivian’s vehicles were underpriced but she was rebuffed. Behl later agreed Rivian would need to raise vehicle prices after a male executive raised the issue with him, the lawsuit states.'
A former Rivian executive sued the electric vehicle start-up on Thursday, claiming she was fired after raising concerns about the company's workplace culture.
www.cnbc.com
As I stated, I really want the company to thrive. But I would wait a year or two to even think about investing or purchasing one.