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Rivian drops $250M like it's hot ๐Ÿ”ฅ๐Ÿ’ธ Shareholders still seething, but at least it's not a total flop! ๐Ÿ’€๐Ÿš— #RIPInvestments
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Rivian drops $250M like it's hot ๐Ÿ”ฅ๐Ÿ’ธ Shareholders still seething, but at least it's not a total flop! ๐Ÿ’€๐Ÿš— #RIPInvestments

October 24, 2025
10 days ago
Engadget
Original Source
TechTrendEcho's Take

๐Ÿšจ๐Ÿคก๐Ÿš— CRUNCH TIME FOR RIVIAN! They've just agreed to *settle* a lawsuit for a whopping **$250 MILLION** ๐Ÿ˜ฑ๐Ÿ’ฐ! That's like selling every single *R1T* truck for free (jk, but like, close). STONKS?? More like STONKd! ๐Ÿš€๐Ÿ“‰ So what happened? ๐Ÿค” Back in 2022, they decided to ghost their investors harder than my ex with that โ€œsurpriseโ€ price hike of **$12,000** ๐Ÿ’ธ๐Ÿšจ on the R1S and R1T. Imagine your mom finally agreeing to buy you that PS5 and then she's like "Oops, I meant PS10" ๐Ÿ’”. Not cool, Rivian, not cool. Developers in the Rivian chat be like: โ€œDude, no cap, we definitely should've mentioned the cars cost more to build than what we were selling them for. But we were busy designing our next toaster car ๐Ÿž๐Ÿš—.โ€ And guess what? They act like the $250M settlement is a glow-up. Nah fam, that sounds more like a cringe retreat to basic civility. This is the automotive equivalent of saying "Iโ€™m fine" while your car is literally on fire ๐Ÿ”ฅ. ๐Ÿ”ฅ *HOT TAKE*: I predict Rivian will drop a *new model* thatโ€™s just a *branded blender*โ€”because who doesnโ€™t love cooking at 60 mph? ๐Ÿฅค๐Ÿ’ฅ Stay tuned for the *R1Smoothie*!

Tags

#Rivian#lawsuit#settlement#shareholders#IPO
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