• PriorityMotif@lemmy.world
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    6 months ago

    Rivian has been doing layoffs at their BloNo plant recently. I’m not sure if it’s just like everyone else in the tech sector or if demand is down.

    • ShepherdPie@midwest.social
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      6 months ago

      Demand is down because these vehicles are pushing $100k and interest rates on car loans are 7-8%. They did recently announce some new, cheaper models in the near future so it may turn around for them.

      • GrundlButter@lemmy.dbzer0.com
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        6 months ago

        You’re right. One interesting option right now is the mustang Mach E, dealers are dropping prices and Ford is giving 0% for 72mo. I just bought a California route 1 for 46k at 0%, and I wasn’t planning on electrifying at current prices until that came up.