Rivian pauses plan to build $5B Georgia factory

[JBWJr]

REF: LINK <---

 

[Cadcom]

Must be all that "demand" I keep hearing about.

 

[JBWJr]

The state's Economic Development Agency and the site selection contractor made a killing and are long gone.
It's Pooler, GA all over again.

 

[7pt62THOR]

WHOOP-A-DE-DOO!

 

[JBWJr]

A lot of state taxpayer money is going back to Illinois with them...

 

[NWSharpshooter]

Lots of ideas which were great ideas at zero percent interest quickly become bad ideas at 7%.

 

[Stampede]

Last year their sales were about 56,000. Why do they need a new plant with a production capacity of 250,000? Their one plant in Illinois can produce all they can sell.

 

[letusbuyyourcar]

I heard on AM radio last week that all the EV stocks were taking a beating and that their future was murky at best. So anyone who bought one of these vehicles may be on the short list for a real good ****ing.

 

[Gingerbeard Man]

Wonder why?

 

[letusbuyyourcar]

Lots of ideas which were great ideas at zero percent interest quickly become bad ideas at 7%.

Fo'realdough! All the difference in the world when money was free or super cheap.