Joined
·
577 Posts
Yeah they're really hammering this R2 and how they're preparing to handle its launch.Noting super new in there, but a LOT of talk about the R2. RJ also highlights how the current models are very much designed as flagship models and the brand will be moving down-market in the future towards more affordable models. That's exciting!
This is very disconcerting.Yeah they're really hammering this R2 and how they're preparing to handle its launch.
View attachment 6419
Meh, I think it's the right message for investors. Maybe not for current customers.This is very disconcerting.
People have been waiting over 3 years for their R1T (moi) or R1S. Now the focus, and cash, will be thrown at developing the R2 platform - before they have delivered R1T/R1Ss? There is no Max Pack at all, there is no Ocean Coast at all?
Investors, and the board, should raise a gigantic fuss. F O C U S RJ. F O C U S on delivering what you promised 3-4 years ago. If Rivian doesn't deliver 25,000 units by the end of December, investors are going to dump on the stock hard.
In the meantime, IMO, Ford will probably deliver 150,000 EV pickups in the 2023 fiscal year.
The stock has been beaten down from what, $150 to into the $20s, so yeah news like this is not going to move the needle a whole lot.
Yes, BUT remember they were shut down most of January, and most of that production was done in March. Customers didn't start seeing vehicles until early March. AND remember delivery isn't instantaneous - anything built in the last week or two of March couldn't possibly have been delivered in March. So when you quote this "quarterly" number you have to realize this is mostly edge effect and can't be extrapolated to the full year with a simple times 4.Let's see after the end of the 3rd quarter, and what the count of deliveries turns out to be.
Rivian's total production for the quarter ending March 31, 2022, amounted to 2,553 vehicles. During the same period, Rivian delivered 1,227 vehicles.
Well, already we're well above 7000 R1T produced - that's an additional 5000 produced already in the two months since the previous quarter. So Rivian is currently operating at about 7500/quarter. With two more quarters remaining, it seems clear that they are on track to meet or exceed their yearly estimate, even if there is no further improvement in production rate.If Rivian DELIVERS say 3000 vehicles in the 2nd quarter and 6000 in the 3rd quarter, there will be tremendous pressure to deliver close to 15,000 units in the 4th quarter.
We shall see if they can get to 25,000 DELIVERED in 2022.Yes, BUT remember they were shut down most of January, and most of that production was done in March. Customers didn't start seeing vehicles until early March. AND remember delivery isn't instantaneous - anything built in the last week or two of March couldn't possibly have been delivered in March. So when you quote this "quarterly" number you have to realize this is mostly edge effect and can't be extrapolated to the full year with a simple times 4.
Well, already we're well above 7000 R1T produced - that's an additional 5000 produced already in the two months since the previous quarter. So Rivian is currently operating at about 7500/quarter. With two more quarters remaining, it seems clear that they are on track to meet or exceed their yearly estimate, even if there is no further improvement in production rate.
As far as the R2, this is EXACTLY what investors want to see - continued development and growth. The people doing design work aren't the same as the people doing assembly, and now that they have built a team of engineers they need to put them to work on the next models and the next iteration of the current models. There's plenty of money, and building capacity for the future, designing new platforms, and increasing vertical integration will not detract from R1 production. But NOT doing this would be a sure sign that Rivian is a one-hit wonder with no growth potential.