"Rivian is shipping. Infinitely better than something that's not."
Even if they're losing $33k per vehicle? (See 2Q23 shareholder letter). Note this does not include R&D, CAPEX or SG&A. Was it infinitely better for WeWork to ship something than not?
"will be an important failure to rein in Musk's fantastical thinking"
Why would it fail when there are >2m pre-orders and a a 5 year waitlist?
Those pre-orders are based on fictional pricing and fictional delivery date. I don't doubt that they'll sell all 180k cybertrucks they expect to make in the next 18 months (novelty factor goes a long way with people who have gobs of discretionary income), but I'd be willing to bet a lot of the "2 million" preorders are people who, like me, simply haven't canceled theirs yet but will when it's time to shell out whatever crazy price is announced for a truck that doesn't meet the promised specs.
Even if they're losing $33k per vehicle? (See 2Q23 shareholder letter). Note this does not include R&D, CAPEX or SG&A. Was it infinitely better for WeWork to ship something than not?
"will be an important failure to rein in Musk's fantastical thinking" Why would it fail when there are >2m pre-orders and a a 5 year waitlist?