https://www.foxbusiness.com/lifestyle/rivian-to-lay-off-10-percent-of-staff HYPERLINK has full article snip Rivian announced that it is cutting 10% of its salaried workforce as it contends with "economic and geopolitical pressures." The electric automaker said that economic pressures, most notably the historically high interest rates, will result in flat vehicle output for the year. ............ Rivian is the latest company to announce layoffs. In January, companies planned 82,307 job cuts, a 136% increase from the previous month, end snip After extended periods of high inflation, high interest rates and salaries not keeping up with inflation let alone getting ahead, expensive electric vehicles will take a hit. The snowball gets bigger and bigger running over more folks as it rolls down the hill. It's not getting any better. I await the posters to explain how folks hitting the bricks is a good thing
I await your explanation on why someone would say people losing their jobs is a good thing in the first place. EVs have been suffering. This too is no surprise. When sales slump, layoffs happen. For once you're actually not far off the mark here, since the EV push was definitely something the Biden administration did. Good job Sec.
Look at your State's laws. Here in New Mexico it's illegal for Rivian to sell it's cars directly to the public. It's the same in other States where the dealership association receives massive political donations to protect their monopoly on new car sales. It's worse in New Mexico because if EV's become mainstream big oil will lose out, and they have a lot of politicians in their back pocket. Get rid of that law and Rivian wouldn't be in this position. Tesla can't sell their cars direct, but when they found a loophole to this unconstitutional law the dealership association fought tooth and nail to stop them, but failed. https://cleantechnica.com/2023/08/0...endly-states-build-showrooms-on-tribal-lands/
There are a few Rivian pickups around, and the Amazon vans are in the neighborhood making deliveries. They have $9.4 billion cash on hand, but they are not expected to become profitable until 2029 after burning about $15 billion. They are building a second plant in Georgia, and they are launching the R2 with an announcement March 7. The R2 won't be available until 2026 when the Georgia plant starts operation. https://www.bloomberg.com/opinion/a...can-t-reverse-out-of-valley-of-financial-pain Meanwhile, it appears that the market is shifting to plug-in hybrid electric vehicles for those who want local electric operation without the range anxiety for longer trips or cold weather. I've wondered if there isn't a market for gas generators that can be slid into an EV pickup bed or towed behind an EV car. Can an EV be charged while on the road?
The idea with the generator to recharge the battery while driving has already been implemented commerically: https://en.wikipedia.org/wiki/BMW_i3 For a Tesla, you'd need at least a 20 kW generator, since the power use at highway speed is 15 kW. BTW: Welcome to the forum.
