Rivian CEO RJ Scaringe exclusively told The Drive that no collision repair should cost tens of thousands of dollars — and explained why it's happened.
  • SaveTheTuaHawk@lemmy.caEnglish
    1·
    2 days ago

    insurers shrugging and moving on because the volumes aren’t hitting their financials hard enough for them to care.

    No insurance company works like that.

    The cost to insurance comes out of premiums. Rivians and Teslas cost a fortune to insure.

    • wjrii@lemmy.worldEnglish
      1·
      2 days ago

      Fair enough, I may have inferred a bit too much, so here is what the CEO said:

      And so third parties, the reason you saw some of these really high numbers, is we’re like, ‘A Rivian? And what’s a Rivian?’ So they they don’t know the car, and they quote an enormously high number, the insurance company agrees to it, and then that happens.”