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Rivian price increased massively - $15,500. Cancelled, I'm sure I'm not the only one.

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#81
This whole situation was handled horribly by Rivian. They really came off as out of touch. My wife had a deposit down for an R1s, but she's not sure if she'll keep her order even after the backtracking. She's lost all faith in the company.

The funny thing is, they could have announced new prices for new owners, raised prices on existing orders a few k, and most folks wouldn't have raised much of a fuss.
 
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#82
It is sad that Rivian did this, I’m keeping my reservation for the R1T but since it will be delivered in a couple of years I’m concerned that they will have another price increase for current reservation holders. We will see I hope they survive because I was very impressed with the vehicle when I saw it in person.
 
#83
Merrill said:
It is sad that Rivian did this, I’m keeping my reservation for the R1T but since it will be delivered in a couple of years I’m concerned that they will have another price increase for current reservation holders. We will see I hope they survive because I was very impressed with the vehicle when I saw it in person.
Click to expand...
After this week's turn of events, I doubt they would do it again. Hopefully they just do steady (incremental) price increases for new orders as costs adjust over time and market conditions warrant... like Tesla.
 
#85
Empiro said:
The funny thing is, they could have announced new prices for new owners, raised prices on existing orders a few k, and most folks wouldn't have raised much of a fuss.
Click to expand...
That would have made much more sense ! Give reservation holders some real benefit for paying that reservation fee early. Pushing the entire new orders cost increase onto even the longest-held reservations didn't make sense.
 
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#91
I received the “If you’d like to restore your preorder” email last night at 11:09 PM Eastern. I assume everyone else received it around the same time. There’s a “restore my order” button with a link that is valid until Mar 20. There is no “really cancel my order”. If they wait until the 20th to actually process the refund, they’ll miss the originally quoted 5-10 days to receive your refund payment.
 
#92
Stook02ss said:
Anyone revieved a follow-up email from Rivian yet?

Kind of doubting they'll honor the latest offer of reinstating orders at the original price.
Click to expand...

I got several emails. One explaining that they made a mistake and will honor the original price. Then another that explained the dashboard will show the new pricing but that they are working to restore the old pricing for reservation holders prior to the 3/1 price updates.
 
#98
jjrandorin said:
You might think that, but the number of people attempting to sell Model S plaid and Model X reservations, even just here on this site, would say thats not accurate. I certainly hope rivian prevents these transfers, and hope tesla does too, sometime soon.

8 million excuses people give for this, like this one:

teslamotorsclub.com

Transfer Model X Long range reservation ( 3 of them ) with 7 seat and FSD - 104K

hello.. I am not sure how this works.. I reserved three model X for family members in anticipation that they would buy them as they were interested. I got a text from tesla to select a delivery location and when I checked with family members they are no longer interested. here's the break down...
teslamotorsclub.com teslamotorsclub.com

View attachment 776443

"I bought 3 reservations for my family members in anticipation they would buy them". Yeah, because your family members are people who can afford 100k Model Xs but somehow are not capable of making a car reservation themselves?

Heh.
Click to expand...
No shortage of ambulance chasers in any industry

Was looking at the rivan forums, found this:

Paragraphs 79 and 80, they're using rivian forums and reddit in the complaint, haha

Paragraph 84 is where I thought about this thread, people are so pissed off that they're not going to monetize their reservations on a large scale:
Paul Morgan, 39-year-old California resident, expected Rivian’s prices to go up a
couple thousand dollars to account for inflation. When he received notice that the
price on his preordered Rivian SUV would increase $19,000, he drew the line.
“Within five seconds of seeing the new price I clicked the cancel button,” Mr.
Morgan said. Even after learning that his original price would be honored, he said
he didn’t reinstate his order
 
#99
240W said:
No shortage of ambulance chasers in any industry

Was looking at the rivan forums, found this:

Paragraphs 79 and 80, they're using rivian forums and reddit in the complaint, haha

Paragraph 84 is where I thought about this thread, people are so pissed off that they're not going to monetize their reservations on a large scale:
Paul Morgan, 39-year-old California resident, expected Rivian’s prices to go up a
couple thousand dollars to account for inflation. When he received notice that the
price on his preordered Rivian SUV would increase $19,000, he drew the line.
“Within five seconds of seeing the new price I clicked the cancel button,” Mr.
Morgan said. Even after learning that his original price would be honored, he said
he didn’t reinstate his order
Click to expand...
Well that's silly. Mine went up by 15,500... they offered to reinstate it, hell yes I accepted. In the end I'm better off for it imo. Instant and considerable equity upon delivery.
 
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