I think a lot about fast followers, which are companies that aren’t necessarily first to a market, but come close enough and learn enough lessons to compete and/or sometimes dominate. (Apple wasn’t the first company to make a smartphone, nor was VHS the first tape-playing system). For a time, it seemed like Rivian could be that successful fast follower. Now it’s a lot less clear.
The fate of Rivian is important, if only because the company has one potentially good car coming soon and one possibly great car a little further down the track. Can the company overcome its loss of momentum to get there? That’s a big question in today’s Morning Dump.
It’s questions all around, today, actually. Can South Korea come to terms with a White House that wants a lot of cash now? Are Canada and the United States going to be able to make it work, or is the World Series suddenly something of more importance?
And, ending on a positive note, is Toyota’s SEMA concept the tamest SEMA concept ever?
Rivian Settles Lawsuit, Lays Off A Bunch Of People
There are so many advantages that Rivian had coming into the EV space. It had two attractive products that filled important niches in the market (large SUV and truck, plus a van). It was building those vehicles in America. The CEO comes off charming and not at all delusional. And, at the time, there was a huge amount of buzz around EVs, allowing the company to take in a lot of money in its IPO.
Now the company is hovering around 10% of its initial high share price, the buzz around EVs is dying, EV trucks are less popular, many incentives are going away at the federal level, and building cars in America now comes with a bunch of added materials costs thanks to tariffs.
Also, some of that IPO money is going back. Shareholders sued Rivian, claiming that the company knew it was going to raise the price of its R1 truck and SUV before it listed shares, which caused the value of those shares to drop once this was announced. While Rivian has not admitted any wrongdoing, Reuters reports that the company will pay $250 million to settle the case so it can focus on its big swing: Another two-row SUV called the Rivian R2.
People love their Rivians, generally, so perhaps a two-row SUV that costs about $45,000 and gets over 300 miles of range will appeal to a lot of people. It does feel like there are already a ton of those for sale now, although that price does make it cheaper than some potential gas-powered equivalents like the Audi Q5.
This launch is extremely important because, even with a cash injection from Volkswagen, the company continues to lose money on every vehicle it sells. Will its Q3 numbers show any improvement? Maybe.
In order to save money and “streamline,” the company announced it was laying off around 600 people, and forming “a single marketing organization” with CEO RJ Scaringe as the interim CMO, according to an email seen by Automotive News. Lowering costs is probably a good idea, though, until I drive it, I’m going to be a little skeptical that, in this market, a two-row SUV is going to move the needle enough to reverse the company’s fortunes.
You know what might? The dope as hell Rivian R3. This is a cool hatchback-type thing that’ll hopefully start in the upper-$30k range (though more for the hot version). Perhaps it’s overly optimistic to think a Hyundai Ioniq 5-sized vehicle will do any better than the Ioniq, but there is something indescribably alluring about it.
Does the R2 launch have to work for us to ever get an R3? Probably.
President Trump Demands Cash From South Korea, Which South Korea Is Not Wont To Do
One of these days, I’ll write my big piece on how the car market is way more influenced by the relative strength of different currencies than most normal people consider. A good example might be what’s happening with South Korea.
The country badly wants a deal with the United States so it can, among other things, sell cars with roughly the same tariffs as Japan. In order to get that, it pledged a lot of money in investment in the United States (a big chunk of which would be coming from Hyundai). The White House thanked Hyundai for its commitment by arresting a bunch of its citizens helping to build one of those investments.
Whereas Japan and the United States have a somewhat detailed outline of a trade deal, South Korea’s potential treaty depends on how much of that investment in America is in cash. And how fast that cash comes into the country.
This is tough for South Korea because, historically, the country’s exports helped make it money by building cars cheaply in the South Korean won and selling them in dollars, euros, and pounds. I won’t get into the complexity of the currency markets, but the won ain’t the dollar, and the country’s leaders fear that without having the ability to swap currencies freely with the United States, it’ll destabilize its own currency. Given that South Korea has faced currency issues before, this seems like a reasonable fear.
The South Korean plan has seemingly been to send over some cash, but mostly loans and guarantees. President Trump, though, seems to want that JG Wentworth speed.
Washington has pressured South Korea to accept conditions included in the agreement with Japan, such as the deadline for investments being Jan. 19, 2029, when Trump’s term ends, and allowing the U.S. government to select where the money goes. U.S. media also reported that Washington sought an increase in the investment amount.
“We are doing our utmost to persuade them that there are differences between Japan and South Korea, using various objective data and analyses,” Yeo told reporters last month.
South Korea’s foreign exchange reserves stood at about $422 billion as of the end of September, according to its central bank. The $350 billion that the U.S. is demanding is equivalent to 83% of that. Japan’s $550 billion investment promise is equivalent to approximately 40% of its foreign exchange reserves.
There are concerns that a short-term outflow of dollars could destabilize the country’s exchange rate.
The constant request for cash immediately on various fronts from the Trump Administration can be viewed in many ways. All presidents want stuff to happen in their own terms, which is why President Kennedy called for the United States to put a man on the moon before anyone knew how to do it. Perhaps it comes from a view that this long period of simmering inflation and cooling employment can’t last. Or maybe there’s some sort of massive remaking of the presidency that gives it unprecedented power to spend the money of private corporations.
Either way, destabilizing South Korea’s currency isn’t great if you want that country to also invest in the United States.
Trump V. Canada, Part Tres
President Trump was on Truth Social this morning and, in between ads for hearing aids and gold coins with the President’s face on them, was some angry messaging about the trade relationship between the United States and Canada.
What happened? The head of the Canadian Province of Ontario put out an ad campaign in the United States, just using a video of Ronald Reagan, pointing out that tariffs are bad.
If you want to read the full speech, btw, it’s here. I think this is the bit that’s upset the President:
You see, at first, when someone says, “Let’s impose tariffs on foreign imports,” it looks like they’re doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works — but only for a short time. What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.
The memory of all this occurring back in the thirties made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity. Now, it hasn’t always been easy. There are those in this Congress, just as there were back in the thirties, who want to go for the quick political advantage, who will risk America’s prosperity for the sake of a short-term appeal to some special interest group, who forget that more than 5 million American jobs are directly tied to the foreign export business and additional millions are tied to imports.
If there’s one thing that the President pays attention to, it’s television, and this ad has made him real mad. So mad that he’s stopped talks with Canada. According to NBC, this has happened before:
Trump’s termination of talks Thursday is not the first time he has cut off trade negotiations with Canada. In June, he said he was “terminating ALL discussions on trade with Canada,” citing the treatment of American tech companies and dairy farmers.
Canada quickly retaliated, slapping a quota on steel products, over what Finance Minister François-Philippe Champagne called “unjust U.S. tariffs.”
But days later, Canada announced it would rescind its digital services tax, which would have hit major U.S. companies, to appease Trump.
So, we’ll just have to wait and see what Canada can do to lower the temperature.
Toyota’s SEMA Camry GT-S Is Extremely Orange
Toyota is out with a SEMA Camry concept, and this version doesn’t come with a NASCAR-sourced V8 or wild powertrain. It doesn’t have 9,000 horsepower. It’s just a little lower, a little more agro, and a lot more orange.
As the company explains in a press release:
Unlike the over-the-top builds that often headline SEMA, the GT-S stays rooted in reality with its 232 horsepower, stock 2.5-liter four-cylinder hybrid system remaining unchanged. The interior, too, remains true to the production Camry, underscoring the build’s mission to highlight exterior design, stance, and chassis tuning as a natural extension of Camry’s existing capabilities.
[…]
“The Camry GT-S Concept is more than just a SEMA one-off—it’s a study in what a performance and style package could mean for Camry in the future,” said Adam Rabinowitz, chief designer, Toyota CALTY Design Research. “Our goal was to create something aspirational yet attainable, and to use this platform to gather valuable feedback from consumers.”
The team also focused on upgrades to complement the pronounced GT-S bodylines. At each corner, adjustable coilovers lower the chassis by 1.5 inches, yielding a more aggressive stance and improving handling. A high-performance brake upgrade includes massive 8-piston calipers squeezing 365mm front rotors with 6-piston calipers matched with 356mm rear rotors. To enhance mechanical grip, 20-inch performance wheels mounted with 245/35R20 tires fill the wheel wells.
You know what? I’m into it. This car could easily see the light of day, as Toyota hints approximately 400 times in its press release. I love a wild SEMA concept, too, don’t get me wrong, but production-intent stuff has its place.
What I’m Listening To While Writing TMD
Thanks to the reader who sent in this salsa tune, which, I think you’d agree, is the sonic version of the Toyota Camry above. It’s “Lección de Amor” by Adalberto Alvarez. Che romantica!
The Big Question
What’s your favorite SEMA concept?
Top photo: Rivian
100% agree. If there’s clearly no way a concept will ever make it to production I get way less excited about it.
A small turbo at least? EV power to the rear? A wing??? I agree that the FJ45 with the track instead of a skid plate was unnecessary but a vinyl wrap and coilovers is just lazy.
Ah yeah, I was just speaking in generalities. I’m not actually excited about that specific Camry GT-S concept, and agree it feels overly mild. BUT I’d be even less excited if they went crazy and cut the roof off or stuffed the BMW engine from the GR Supra in there, etc. Because then it’s just a one-off and not something that will ever possibly reach production.
How painfully far we have gotten from the days of “speak softly, and carry a big stick.”
Now all we do is flail our big stick around like a toddler having a tantrum, and screaming just as loud, and somehow the MAGA base see’s this as a good thing, and blindly support big orange as he does it. I’m just tired, thank goodness it’s Friday.
the stick isn’t even big
I mean the “stick” always meant the military, and ours is plenty huge on the global scale, but the gilded ballroom and masked thugs sure do look like compensation for a tiny stick…
Edit: Between my first comment and this one, apparently the US is sending an aircraft carrier to the Caribbean to kill a bunch more people in fishing boats. What an utter disgrace this administration really is. Bullies, liars, cheats, thugs and war criminals from top to bottom.
What the Navy, my former service, is doing is a far fall from JFK’s “And any man who may be asked in this century what he did to make his life worth while, I think can respond with a good deal of pride and satisfaction: “I served in the United States Navy.””
I am disgusted.
Has to be small, otherwise how else would Satan get pregnant?
And now this asshat has learned he can just order people killed and it happens. He’s gone full on power mad and the people around him are just feeding his crazy because he’s doing what their sick asses want (see Stephen Miller).
It’s hard carrying a big stick if you’ve got small hands
Small hands make the stick look bigger
He’s been doing this gangster-style nonsense since the 1970s. Americans must like it, because they chose a wannabe mobster.
Less than half choose it. Slightly less voted against it, and the rest couldn’t be bothered.
Don’t think for a minute that the majority of Americans are happy with what’s going on right now. There’s a growing amount of “oh, God, what did I do?” sentiment here.
Percentages don’t matter here. Neither do regrets. What matters is the outcome of the election.
Yep. FAFO. We’re finding out the hard way.
My only point was it wasn’t the majority of Americans that made the choice, so it’s a bit unfair to make a blanket assumption we like it. I think it’s accurate to say most don’t, including an ever growing number of people that voted for the guy.
Too late. IF there’s anyone capable of stopping this nonsense, none of those people are interested or willing to try.
Sadly, I can’t disagree with any of that statement. Looks 100% correct to me.
I see, you’re admitting that there’s no way that the President could act reasonably on his own, and that it needs help.
But, back into the real news, is that there were trade wings for China-Canada that are likely the real source of irritation. Like an abusive partner, aren’t good enough for anyone but them
He seems to like it when people make a big, showy fuss over him. Maybe Canada can get the King to host him for another state visit, but at Rideau Hall this time. Might actually work
Also, that place does have a very nice ballroom, and, as we all know, when you’re planning a major home renovation, sometimes it is helpful to check out what your neighbors have done with their places
Can’t we just put him up at 24 Sussex and hope for a very local earthquake?
I think that’s been gutted down to the studs, weirdly, aside from the kitchen and laundry room that are still being used for reasons. Also the pool is still working, but that’s in a different building
(Unrelated, but reading through the NCC’s renovation package, the reason why the cost estimates at Gorffwysfa were so high is because the plan approved under Harper called for doubling the size of the house with a massive addition onto the existing structure, nobody seems to talk about that, but the repairs/renovations to the existing house were actually supposed to be less than half the proposed budget)
More trimflation?
“We are doing our utmost to persuade them that there are differences between Japan and South Korea, using various objective data and analyses”
LOL, have fun with that. The current administration isn’t interested in things like “data” or “analyses” or “facts.”
Came here to say this. Also, I’d be incredibly surprised if the Grifter in Chief even knew the difference between Japan and China.
Yup, their feelings dont care about your facts
Sounds like someone in Canada knows how tariffs work.
In America, their president is a pedophile who makes multi-billion dollar trade decisions because he saw something on the tv that made him mad.
Trump is right,Reagan loved tariffs so much that when the UAW and Big 3.5 pressed for heavier duties on Japanese cars, the administration negotiated with automakers to cap imports to shut everyone up enough that they wouldn’t have to do anything with tariffs
Which of course was the smart way to do things. Cap imports so the Japanese would have to build factories in the USA to make their bread and butter cars and teach US automakers how to build vehicles. However, that still allowed them to import low volume vehicles that don’t sell enough volume to justify local assembly.
Policy made by economists that actually understand manufacturing and global markets.
It actually did work out very well financially for Toyota and Honda, they focused more on premium products with higher margins and eventually got into the true luxury market, basically minted money for most of the decade
It worked out well for all involved. The Japanese got access to the US market. US customers got better cars. US manufacturers were forced to compete and started making better cars – which slowed their decline. Scores of US engineers learned manufacturing concepts from Toyota Production System” manuals (I was one of them)
We should be doing this again with Chinese manufacturers now that they have learned from then leapfrogged their US and European competition.
Not a huge proponent of EV’s, but I have a stupid soft spot for Rivian. They have a compelling product, and I really hope they survive.
Same. I like them and wish I could afford one. I also like that their styling is futuristic while retaining the functionality of their product (i.e. their truck looks like a truck). Sadly, I’m not so sure they’ll make it. Naturally, because of this, I purchased some of their stock several weeks ago.
It might turn out better in the long run for consumers if they collapse and someone buys the bits to resurrect their stuff to a larger scale.
Our economy will become dependent on shakedowns. We’re modeling the economy off New Jersey Sanitation Company. We’re going to send a guy over to Doug Ford’s house and demand 500 billion or the Toronto Maple Leaf’s kneecaps will find the wrong end of lead pipe. As anyone who’s ever watched the Sopranos knows, this will only end well, and we’ll experience no consequences.
Trump is showing that he is good a shaking down people, organizations, and even countries for both personal and political gain. As you said it is straight up mafia tactics.
Guess who owned the concrete companies he favored for all his jobs in Manhattan
Clearly not anyone with organized crime ties because if he tried screwing over Mafia Concrete Inc. on payments like a lot of his vendors, this country would be a lot better right now.
<bell rings>
“Don’t stop…”
Beat me by that much!
Damn near a photo finish. Ironically, the “believin” is what probably made the difference.
Yup. I had to look it up to make sure there was no “g”.
Clearly, I stopped believin’… in myself!
“Don’t stop believin’…”
He is modeling his administrations after Putin’s Russian kleptocracy.
SEMA build question.
The one that never was… Nissan Titan Warrior. Not sure if it was a SEMA truck, but it was an absolute no-brainer. When your sales blow, throw the hail mary. Instead, they went on ‘prevent defense’, which only prevents you from winning.
It bugs me because it wasn’t even all that crazy; it could have been built easily.
The last Titan rolled off the assembly line recently, I believe.
Put the Titan drivetrain and suspension in a Frontier. It’s literally bolt-in. Then add aggressive wide fenders. Boom. Instant Ranger Raptor/Tacoma TRD Pro competitor.
I have a 1/4 swap (maybe a sixteenth). I put heavy duty (not XD) Titan rotors and calipers on my Pathfinder.
Directly.
I grabbed the front diff out of a manual Frontier and the rear out of a non-vsld 07ish G35. Rear needed to have one cut.
Went from 3.36 to 3.69, more than enough to make up for the gearing lost going to 35″s.
🙂
You know who once tried to fuck with South Korea’s currency?
GEORGE SOROS
As an Ontario resident I’m annoyed that the government spent 75M on an ad campaign in the US when the rest of us are trying to avoid spending any money on US goods.
At the very least, they should have run the other more effective ad about how Trump is a super hero who can fly if he jumps off the White House roof. It would cost next to nothing to run that once or twice in the middle of the night.
Sounds like I wrote that line.
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First of all, the buzz around EVs isn’t REALLY dying. They’re incredibly popular in basically every first world country except the US, where they were idiotically thrown into the endless pit of stupidity that is our forever culture war. The rest of the world is rapidly moving ahead with them and the US will be left in the dust. In fact if things don’t change quickly it wouldn’t surprise me at all to see the major US manufacturers basically turn inward and essentially only sell massive body on frame gas guzzlers in the US while abandoning international markets.
That seems fine for now, and surely the line will in fact go up, but as long as we still have elections (this is becoming an increasingly concerning “if” proposition) there will inevitably be a huge swing towards Dems over the next few years, and when they’re back in power the environment will be sort of, vaguely, kind of a concern. Regulations will change, EVs will be back, the next freakish GOP oaf will crawl out of the sewer, shout THOSE SISSY LIBS TOOK UR V8S!!!!, and the pendulum will swing again.
I want off this ride. It’s all very stupid and everyone except the 1% will continue to pay the price. Anyway re: Rivian, I genuinely hope they survive. They accomplished something really unique and made a desirable EV with appeal outside of the environmentalist crowd. I actually see Rivians in rural areas and people that aren’t car enthusiasts know what they are. Their vehicles are also very good.
That being said it’s hard to argue that they’ve done much right other than design a cool car, and the scale of the resources they’ve burned through is incomprehensible. Making cars is hard, we almost certainly hopped on the EV bandwagon a little prematurely, and I’m not sure that Rivian has great leadership.
They need the R2 to be very good and they can’t keep delaying it. I legitimately believe they’ll sell very well. Most people think the R1T and S are really cool cars, but shelling out $90,000 for one is just not doable for 99% of people. I get that line needs to go UP and our country is by the 1% and for the 1%, but you’re going to need volume seller eventually, and Rivian has just taken way too much goddamn time releasing theirs.
I am on the complete opposite side of the political spectrum, but I share your hope of Rivian succeeding. They have a really compelling product, and the R3X and R2 seem awesome.
I’m kind of hoping Rivian’s tie up with VW might show them there is a world out there. Use their tech to make some export targeted models and start building serious international distribution in markets not governed by nut jobs.
There will still be elections for show, but they won’t matter.
I know the testing and approvals vary substantially and take time but I wonder if Rivian is accelerating their European roll-out of the R2? A smaller SUV sold where EVs haven’t become a stupid culture war battleground seems like a much better proposition unfortunately than trying to sell them in the US right now.
I really do think the R2 will be successful based on the number of Prologues Honda is selling at the same price. If Rivian can sell these with better than GM levels of quality the R2 over the Prologue seems like a no-brainer.
Detroit has always been MAGA, the chicken tax, the different-not-better standards, etc. They could never compete. They should never have been bailed out. The money should’ve gone to the engineers and the labor that built the cars.
That Camry isn’t orange enough. The roof and hood are black. Why? That is fucking stupid.
Toyota seems to be in a phase of painting the roof and hood black. They offer it on the Crown, which gives me the ick as the kids say.
Black is the new black!
It’s like, how much more black could this be? And the answer is none. None more black
“Handouts for me, not for thee”
-a Republican proverb
“That Camry isn’t orange enough. The roof and hood are black.”
So are those stupid wheels.
We absolutely need more color matched wheels on new cars.
Actually, I guess most cars are color matched grey on grey which is just sad…
Tesla made a big mistake by not doing a 2 box SUV based on the X, just like they made a big mistake not doing a Maverick/Ridgeline style pickup based on the Y. Both would have been low cost to tool and develop.
Yes, in spirit. Not on basing anything on the X. It should have died by now as it only shared about 30% with the S and sells in tiny volumes. Telsa should have 4-6 models all based on a shared and flexible Model Y sized platform.
It’s just wild to me how much of their first mover advantage Tesla has lost. They’re not really hurting for now but with nothing new on the horizon in a field awash in new offerings I suspect that may change. The Cybertruck was a huge waste of resources that could have been used to bring another volume selling car to market. And all we get is a lightly refreshed Model Y and the de-contented models, which I suspect won’t do much to raise the bottom line.
Musk looks to me like he’s got ADD and jumps from one project to the next. Rockets/tunnels/cars/trucks/politics/robots. I will admit his current deal with restaurants selling Costco hot dogs for 13 bucks is absolute genius.
The drugs don’t help. When he was still in his bromance with Trump there where multiple press conferences that you could see he was high as one of his rockets.
Chainsaw.
It isn’t that surprising to me. Many if not most first movers lose their advantage. Blackberry and cell phones is an excellent example.
Then there is the fact that unlike a normal company Tesla is micromanaged by Musk – a CEO that basically cannot be removed, tolerates no dissent, and overrules the subject matter experts he hires.
The Cybertruck was a huge waste, so where the Semi and Roadster. If it is real the Cybercab is another. That is before we get into robots – which should be a different company.
+1
Yeah, a Model 3/Y-based ute would been more awesome and also more profitable. It would’ve fucking printed money and not been a burden like the garbage can Cybertruck
Is the R3 really Ioniq 5 sized? I was really hoping it was smaller than that. I love the idea of it, but I really want it to be properly small which it doesn’t sound like it will be. That’s unfortunate, still hope they do well though.
I poked around the Rivian forums and they are estimating around 161 inches in length. The current VW Golf is about 168 inches long, by comparison.
Yeah I went on a shallow dive a few minutes after posting that and yeah everything suggests it will be significantly smaller than the Ioniq 5, so that’s encouraging. Looks like the R2 is actually very similar in overall dimensions to the 5, just far more squared off than the round Ioniq.
Saw that tariff ad during the Mariners/Blue Jays game. Super effective with the big reveal that it was Reagan’s own words from a speech. Obviously, Trump fans will now say it was an AI fake as they’ve been commanded to.
The current GOP likes the nostalgic memory of Reagan but not his actual policies.
Not only was he against tariffs but his tax plan also taxed capital gains at the same rate as earned W2 income.
Trump’s completely hinged reply: your mom.
If Toyota can make a Camry hybrid that handles like a Civic Si and they actually sell it in fun colors, I would absolutely buy one.
Trumps just mad that the Reagan ad laid out all of his plans on television. Plus I am all for modified Camrys, but 14 pistons of stopping power might be a little ridiculous for a stock one.
Yeah… It’s 28 pistons. 8 on each front rotor, 6 on each rear.
Whoops haha i guess the camry has 4 wheels not 2.
Most do yes, it’s usually a problem if 2 wheels are missing. And even then, the brake calipers are usually still attached
This site never ceases to teach me something. Usually its Mercedes telling a tale of a ridiculous truck, train or airplane from the past, or Jason with his endless taillight knowledge and wisdom, but today is different.
A year or so ago when Rivian first showed them off, they should’ve taken a hint from public reactions and put the R3 ahead of the R2. It doesn’t take a genius to realize that the midsize 2-row crossover is the most saturated part of the EV market and the only place there’s room to go is smaller, lighter and cheaper.
This! All they had to do was look at Tesla and the model 3/Y popularity compared to the X, or Renault with the 5, they may not be spiraling on ketamine but they’re still not all there if they think the R2 should’ve been the priority.
What about the Blazer and Equinox vs the Bolt? Or the Ioniq 5 vs the Ioniq 6?
Those are from larger companies that can afford to, and are pretty much expected to have an option in each category
Though I’m not sure what Ford’s doing, for GM/Kiyundai/VW/Toyota, if someone walks into the dealership the company wants them to find exactly the size they want and not leave without one.
At this stage Rivian has be very strategic, and they should’ve done some more research on what got a better response, a slightly smaller clone of the R1S, or some sweet jacked up Gen 1 Golf looking hatchback that looks ready to rally.
Taking a small slice of that over saturated market is still likely bigger than the sales volumes of a small hatchback. They are going for a larger pie, which even a small slice of, will be a larger ultimate size than scooping up nearly the whole entire hatchback market.
Yes, but the R2 was much further along in development already, and they can’t really speed the 3 ahead of it when the 3 was probably only like 20% done vs 75% done. I am guessing they sped up the 3 timeline to the best of their ability, but there’s only so much they can do as a tiny company.
There are a LOT of people that were and are very happy with their Model Y but no longer with the company as a whole. Many of those people may be wanting to replace their car with something similar sized, similarly priced, and not a Ford or Hyundai or anything from Tesla. Rivian may yet cash in, its timing may be very good.
Better to not negotiate than to negotiate in bad faith. Tacotits can get bent.
I think he already is.
President Trump Demands Cash From South Korea, Which South Korea Is Not Wont To Do
I see what you did there. I appreciate the occasional Easter egg you drop on us, Matt.
This one made me giggle a bit too. It might have even been bordering on a light chortle.
Surely, you would enjoy a subscription to Sensible Chuckle magazine.
I find chuckles to be entirely inappropriate and offensive in nearly all circumstances (who can resist after a particularly impressive fart though??), but I do look forward to each new edition of Great Guffahs.