Not sure about lawsuit but do think they may be a takeover target but have to look at the price. What would it cost and what would the buyer get? Stock price probably too high now but Rivan is working on that
Had to look up production numbers. Built about 1,000 last year. Looks like they have a factory in Illinois that should be able to build 150,000 per year. Reservations for 71,000 - wahoo that number just dropped. So if they build just 100,000 this year then they will need to "sell" an additional 29,000. Next year say 150,000 but they have a plant in GA that will be online in 2024 and build 400,000 vehicles. Somewhere in the midst of all this they have to design and get into production another vehicle - presuming they SUV will be in production very soon.
Rivian announced its production and delivery numbers for the year 2021, which happens to be close to the target hinted at in November.
How many customers are out there for $95,000 vehicles? Market looks pretty crowded when you add in the ICE vehicles in that range. Ford backed out of the planned vehicle co-development with Rivan. Maybe they saw something that alerted them. Who knows how good the leadership team at Rivan really is. Some CEOs are good talkers and some know how to get the job done. Competition is pretty fierce for existing proven talent with other manufactures jumping into EVs. Add this to the difficult task of ramping up production and it is a very difficult road. Rivan has some interesting tech and design but think they have a long road ahead and some troubling signs.
Will be interesting to watch, Im predicting a good opportunity for shorts.