The comparison to Tesla is their first full year of production not their 10th year. Tesla started June 2012, they built 2,650 that year, their first full calendar year was 2013 and they built 22,477. That is a total of 25,127 through their first full year that was a total of 19 months. If Rivian hits their 25k this year, that will be a total of 26,015 through their first full year which was 16 months. So comparing them as startups Rivian does appear to be ahead of Tesla‘s initial production ramp.Rivian with current market cap of roughly $30B, is not a small start up any more. Yet your comments implies that we should give them a pass for not performing up to par. Further to compare to Tesla with annual production of 1.5M vehicles and vertically integrated 4 major factories is simply ridiculous. Perhaps th the first year of Model S back in 2012, but to say "or has" is simply nonsense.
Rivian is not performing well. They can do much better. They need a real COO with automobile manufacturing expertise. RJ only knows what he knows and he doesn't know what he doesn't know. It shows. As a RIVN stock holder, I am disappointed with their production ramp up and performance, including QC. As a R1S preorder holder, I wonder if and when I'll get my vehicle (even after the latest update). As part of the original 55K backlog where RJ claimed will deliver all of them by the end of 2023, it does not look that way.
We need to stop making excuses for Rivian and let them know they need to perform significantly better. That's the only way the company will improve and hold onto current and future customers.
Both companies had their own set of challenges, Tesla’s being cash constraints and Rivian being global supply chain issues and worst inflation in 50 years so it is difficult to do an apples to apples comparison but both had initial struggles to navigate.
Time will tell but I think giving the current environment, Rivian does seem to be holding their own.