From my understanding, ist rivian Kind of a Truck company?
I think it’s split between delivery vans and SUVs. Amazon has a stake in them aswell. I think at some point they owned like 20%? Not sure how much they currently hold.
Software has to be the main draw. I am not sure how interested they are in the delivery vans, and one has to think that they have enough SUVs themself.
Thanks for digging this up.
It would make sense if at least the vans would make some profit, otherwise it looks like madness (kinda still does to me) to spend this much money on getting into an industry that is actually imo not that attractive.
Even with the switch from combustion to EV, car manufacturing is still a capital intensive and low margin business. And they don’t seem to go for the potential jackpot that is autonomous driving
I’d like to think that I have a reasonably decent understanding of economics for a laymen, but in this case I’m a bit stumped.
Seems to me that for 5 billion dollar (+however much VW spent on their own software) you should be able to develop a good operating system for your own cars. But I guess VW somehow failed and now would rather license Rivians through this joint venture?
Is a car OS really that expensive and complex to develop? Especially when android auto and Apple car play will do a lot of the heavy lifting for most people.
Even with losses of nearly $40,000 for every vehicle it delivers, Rivian has been on a steadier footing than other EV makers that have been forced to slash prices to stimulate demand or file for bankruptcy protection.
Rivian’s cash and short-term investments fell by about $1.5 billion in the first quarter to just under $8 billion.
Nearly 40k loss per vehicle? That seems insane. How has that company been going on until now? They also say that they even before this deal they had enough reserves to last until their next models release and things were moving up, but still that is seems like an absurd rate to burn cash.
I get that it sometimes makes sense for companies to burn through heaps of cash to scaley capture market share or drive out competition, but is the car manufacturing market at this point in time one where this play still makes any sense?
Didn’t they actually vote against the compensation package when it was originally proposed? I’d really like to hear a more indepth reason on why they changed their vote now.
There is no way he is worth this kind of money for the future, so the only reason to vote yes imo is if they’d expect a court to uphold it, if denied, and that legal fights would be to costly. But with this sum at stake I’d take those chances.
For me in some ways it is even more telling how there seems to be no attempt towards a constructive solution with the West Bank. If anything they are making things worse with the illegal settlements.
That wouldn’t be an easy task either, but leagues easier compared to getting anything productive done in a hot conflict like what is currently happening in Gaza.
He could also take higher risks, since he knew that there was a security net to catch him. Much easier to make high risk/reward decisions, if the risk (e.g. going broke) isn’t actually real. He presumably also had an above average education and many other benefits. This is also why many rich people might end up building successful businesses. The average person might get one shot and either makes it or goes broke. The rich person can roll the dice multiple times (and might have learned something from the last try).
Also disregarding everything even, if he had succeded: That would still only have been a sample size of one. I doubt anyone is saying that you can’t under any circumstances pull yourself out of poverty, but on average the cards are just stacked against you in many ways.
Also i doubt that reselling second hand stuff is a viable business model for a larger group. Like sure in a large city a few people might be able to carve out a niche for themself, but the more people do it or the smaller the market, the less it works.
Is the 10 VI Sony’s midrange? It’s certainly priced like one, but within their lineup it would be the lower end, no? The 5 would be their midtier offering.
Yeah, slightly better now, but still lackluster in a phone of this class.
Especially considering that eventually every phone in the EU starting June 2025 will be required to offer at least 5 year updates. You’d think that they could offer that level of support slightly earlier to someone willing to drop well over 1k€ on their phone. Unless of course they plan to pull out of the european market at that point.
For the US maybe, but I don’t think it is profitabel for Europe.
Refugees aren’t cheap (even though ukrainian people might integrate easier than others and later add value), a good part of money for weapon purchases flows towards America since they have more immediate capacities, and long term we do want to integrate Ukraine, which means Europe will ultimately bear a significant chunk of rebuilding costs.
It’s a ton of money when comparing it to mainstream electronics, but I’d imagine that $300 single payment is a drop in the bucket for something medical. Anyone who needs it probably spends similar amounts or more adapting other everyday things for ease of use.
It’s a niche probably low volume product that requires a good amount of hardware and software engineering.
I would change this slightly to:
the idea of future carbon capture is just social permission to keep using fossil fuels right now’
Because of this it is in my opinion actually harmful. And don’t even start thinking about who gets to shoulder potential future costs vs todays profits.
And he had 4 years to decide on and build up a successor, but chose to not do so. And neither did the democratic party.
His age and the related issues can’t be a surprise to anyone, so i really don’t see why there should be a sudden change in direction.