Generated Title: Rivian's Q3 "Win" Is a Joke. Here's Why.
Okay, Rivian "beat" Wall Street's expectations? Give me a break. So they lost slightly less money than analysts predicted. That's like celebrating a near-miss car crash. It’s still a freaking loss, people!
The "Gross Profit" Mirage
This whole "gross profit" thing is a smokescreen. They're touting $24 million in gross profit, but dig a little deeper and you see it's propped up by $154 million from their VW joint venture and their software/services division. The actual automotive operations? A $130 million loss. So, they're losing money on the cars they're actually building. How is that a win? Are we just supposed to ignore basic math now?
And Scaringe is out there saying they're "really well positioned" for the R2 launch with their $7.7 billion in liquidity. Okay, but how long is that runway, really? Burning cash at this rate, they'll be back begging for more funding in what, two years? Three, tops? It reminds me of that one time I found $200 in an old coat and thought I was rich, only to blow it all on takeout in a week. Same energy.
The R2 Hype Train
Speaking of the R2… 2026? Seriously? That's an eternity in the EV world. Tesla will probably be launching its Cybertruck Version 3 by then. And Scaringe doesn't expect delays from rare earth minerals or chips from China? I'll believe it when I see it. These guys are building cars, not waving magic wands.
Rivian stock is up a measly 3% in extended trading after closing down 5.2% earlier? That’s not exactly a ringing endorsement. It’s more like a pity clap.
Are We Being Played?
"While we face near-term uncertainty from trade, tariffs, and regulatory policy, we remain focused on long-term growth and value creation," Scaringe says. Oh, please. That's corporate-speak for "we have no freaking clue what we're doing, but we're hoping something sticks." It's like when your boss says, "We're a family here," right before announcing layoffs.
It's always "long-term growth" with these guys. But what about the short term? You know, like, staying in business?
I saw some article saying AMD, Super Micro Computer, Upstart Holdings, Pinterest and Rivian were "on investors' radars today." Yeah, maybe because they're all volatile as hell and people are trying to make a quick buck off the swings. It ain't about long-term faith in the company, that's for sure. AMD, Super Micro Computer, Upstart Holdings, Pinterest And Rivian: Why These 5 Stocks Are On Investors' Radars Today - Advanced Micro Devices (NASDAQ:AMD)
So, What's the Real Story?
Look, I ain't buying it. Rivian's still burning cash, the R2 is vaporware for now, and this whole "we beat expectations" narrative is a carefully crafted illusion. The company is offcourse. This whole charade feels like rearranging deck chairs on the Titanic. They may have staved off immediate disaster, but the iceberg is still out there, and it's got their name on it.
