DF_Toronto
Emira Fanatic
For those on this forum who argued with me about Lotus being out of their minds to limit the FE to those who already placed deposits as early as July and not honour the pricing that deposits were made on and communicated with those customers. I’m just going to leave this right here:
2 days later and their stock is down 25%. Earlier today they decided to roll it back, their share price has not recovered.
Rivian raises EV prices by 20%, inviting customer ire, taunt from Musk
U.S. electric vehicle startup Rivian Automotive Inc said on Tuesday it has increased selling prices of its vehicles by about 20% due to inflationary pressures and higher component costs, angering some customers.
www.reuters.com
2 days later and their stock is down 25%. Earlier today they decided to roll it back, their share price has not recovered.
EV Startup Rivian Walks Back Price Increase, Apologizes to Customers
Rivian’s chief executive said the company is trying to cope with rising costs of parts and materials, but it erred by applying price increases to existing orders.
www.wsj.com