Likely well deserved — but still unfortunate. The EV space only benefits from more options and more competition.
Competition is great, a company that can’t produce a quality product and ships a CAR with beta level software that can’t update OTA is NOT competition.
The auto industry is highly unfavorable to startups, the competition you want will come from the old ICE OEMs.
My wife was thinking between the Rivian s3 and the Fisker as our next vehicle.
This makes me sad to hear.
but the choice is easier now
Yeah, just get a Cupra Leon FR PHEV
Rivian has been doing layoffs at their BloNo plant recently. I’m not sure if it’s just like everyone else in the tech sector or if demand is down.
Demand is down because these vehicles are pushing $100k and interest rates on car loans are 7-8%. They did recently announce some new, cheaper models in the near future so it may turn around for them.
You’re right. One interesting option right now is the mustang Mach E, dealers are dropping prices and Ford is giving 0% for 72mo. I just bought a California route 1 for 46k at 0%, and I wasn’t planning on electrifying at current prices until that came up.
