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Originally Posted by WarrenC12
I'm not worried about Rivian per se, but the industry as a whole needs to be profitable or it will suffer. Look at Ford and GM cutting back production for example.
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The industry as a whole is profitable. It's mostly legacy and non-Chinese automakers struggling. And the second part of that will be mitigated as more non-Chinese battery manufacturing capacity comes online.
A new company like Rivian doesn't have have legacy workforce or infrastructure, IP, supplier base and design sunk costs. They can build what they want, how they want, right from the start. They expect to have gross profit by the end of this year. Not much of a reason to doubt them right now.