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Rivians stock decline was due to the announcement of lower production in 2022.
But by March of this year, Rivian said supply chain issues had dramatically cut its production, and it would be able to make only 25,000 vehicles this year. It said it had made only 1,410 to that point in 2022, against 83,000 orders, not counting Amazon.
Assuming the 1410 made were R1's not Amazon trucks per the above. Rivian would have to the R1's production up to 3,500 a month to make the 22,000 this year. If Rivian kept that up, they'd probably get to me at 75000 late in '23 early '24 which is what I was estimating.
Part of the reason for stock decline was the low number of pre-orders at 82,000 vs. Ford's F150 of 200,000 reservations.
Wonder if Rivian changed the bug eyes if that would boost the pre-orders?
Losing $4B a year with $14B cash on hand, should be good to 2025.
But by March of this year, Rivian said supply chain issues had dramatically cut its production, and it would be able to make only 25,000 vehicles this year. It said it had made only 1,410 to that point in 2022, against 83,000 orders, not counting Amazon.
Assuming the 1410 made were R1's not Amazon trucks per the above. Rivian would have to the R1's production up to 3,500 a month to make the 22,000 this year. If Rivian kept that up, they'd probably get to me at 75000 late in '23 early '24 which is what I was estimating.
Part of the reason for stock decline was the low number of pre-orders at 82,000 vs. Ford's F150 of 200,000 reservations.
Wonder if Rivian changed the bug eyes if that would boost the pre-orders?
Losing $4B a year with $14B cash on hand, should be good to 2025.