[TessP100D]

How many to real customers?

 

[Roamtheworld]

How many to real customers?

The Million Dollar Question!

 

[NY_Rob]

Probably zero retail customer deliveries so far (to non-Rivian employees under a NDA/CA) otherwise we would have heard about it by now. Lets face it, anyone who orders a Rivian is an enthusiast and keenly aware of the wait list, etc... and if they took delivery it would be a huge deal and we would certainly know about it.

 

[Yossarian]

How many to real customers?

Rivian's total, true production (effective) deliveries in 2021 were essentially zero. What went out the door last year, i. e, was "delivered", were really beta units. The feedback from the roughly 1,000 of these early units will be used to aid Rivian's transition to production, which I believe will actually be low-rate initial production (LRIP). I think that deliveries (without quotes) of LRIP vehicles will begin in Q1, gradually ramping up throughout 2022, but not to a level that can realistically be called full rate production (FRP).

My guess is that Rivian will remain in LRIP through most, and more likely all, of 2022. They will spend that time reviewing the increasing amount of data from the 2021 beta units as they accrue more miles, and then using that information to finalize manufacturing. In my view, this is one reason, perhaps the biggest one, that Rivian has moved Max Pack deliveries to 2023. Again in my view, it's a smart, if conservative, move as they will have their hands full trying to clear their initial pre-production orders and do not want the added challenge of integrating a variant into their production lines until they are at FRP.

My conclusion is that Rivian will only deliver some fraction of their pre-production backlog in 2022, not essentially all of it as they've hinted. Taking the Rivian provided figure of 20% for Max Pack pre-orders (which are only for the R1T at present), that means they need to deliver about 38,000 units to clear the backlog of R1T & R1S LE and Adventure pre-orders (80% of 48,000 units).

I think it is unrealistic to expect Rivian to ramp up to an average production over 100 units per day in 2022, whch would be what's needed to reach 38,000 deliveries. I would consider it a remarkable feat for Rivian to get to a production rate of 50 units/day, and to deliver half of its 38,000 unit backlog this year.

I use the words "remarkable feat" to describe upwards of 19,000 being delivered in 2022 deliberately. Frankly, I consider it highly unlikely, for a variety of reasons, some organic, some market-based and some unforced errors on Rivian's part. It's hard for any company to identify, hire and train sufficient numbers of new employees for complex manufacturing like auto making in the best of times. It's exponentially harder in a pandemic and in the unique economy we're now transitioning to. This also applies to Rivian's suppliers.

Also in the organic camp is the need to produce and deliver 10,000 vehicles for Amazon in 2022. This was a challenge before Amazon announced a tie-up with Stellantis, but is now a much more important challenge for Rivian. With Stallantis shortly to be breathing down Rivian's neck, the company needs not only to produce in numbers, but also to ensure that the Amazon trucks perform as advertised, and that there are few quality issues. If Rivian falters, that order for 100,000 means nothing and Stellantis will step into the void (and yes, I'm more than aware of that company's QA issues). Finally, there the supply chain and logistics challenges that will surely have a negative impact on production rates for at least the next year.

If this was all Rivian had to deal with, I'd still consider them producing 19,000 units this year remarkable. Unfortunately, it's not and as Ron Popeil said in his late nigh pitches for the Pocket Fisherman: "But wait - there's more!"

Rivian has made a hard situation even harder with unforced errors that include going public far too early and attempting to build a new factory before even reaching some moderate level of production with existing facilities. The pressure from investors will surely cause Rivian to focus too much on quarterly numbers and will at the least be a major distraction for senior management. Building a new facility, setting it up and staffing it will likely demand even more executive focus, and at a time when the focus really ought to be on producing new vehicles.

Rivian knows all of this and I'm sure believes that they can manage everything. They may be able to: There are many examples throughout history of folks pulling off the impossible. I think that Rivian will ultimately succeed, but am also convinced it will take considerably longer than most expect and a lot longer than Rivian predicts publicly.

 

[TessP100D]

Rivian's total, true production (effective) deliveries in 2021 were essentially zero. What went out the door last year, i. e, was "delivered", were really beta units. The feedback from the roughly 1,000 of these early units will be used to aid Rivian's transition to production, which I believe will actually be low-rate initial production (LRIP). I think that deliveries (without quotes) of LRIP vehicles will begin in Q1, gradually ramping up throughout 2022, but not to a level that can realistically be called full rate production (FRP).

My guess is that Rivian will remain in LRIP through most, and more likely all, of 2022. They spend that time reviewing the increasing amount of data from the 2021 beta units as they accrue more miles, and then using that information to finalize manufacturing. In my view, this is one reason, perhaps the biggest one, that Rivian has moved Max Pack deliveries to 2023. Again in my view, it's a smart, if conservative, move as they will have their hands full trying to clear their initial pre-production orders and do not want the added challenge of integrating a variant into their production lines until they are at FRP.

My conclusion is that Rivian will only deliver some fraction of their pre-production backlog in 2022, not essentially all of it as they've hinted. Taking the Rivian provided figure of 20% for Max Pack pre-orders (which are only for the R1T at present), that means they need to deliver about 38,000 units to clear the backlog of R1T & R1S LE and Adventure pre-orders (80% of 48,000 units).

I think it is unrealistic to expect Rivian to ramp up to an average production over 100 units per day in 2022, whch would be what's needed to reach 38,000 deliveries. I would consider it a remarkable feat for Rivian to get to a production rate of 50 units/day, and to deliver half of its 38,000 unit backlog this year.

I use the words "remarkable feat" to describe upwards of 19,000 being delivered in 2022 deliberately. Frankly, I consider it highly unlikely, for a variety of reasons, some organic, some market-based and some unforced errors on Rivian's part. It's hard for any company to identify, hire and train sufficient numbers of new employees for complex manufacturing like auto making in the best of times. It's exponentially harder in a pandemic and in the unique economy we're now transitioning to. This also applies to Rivian's suppliers.

Also in the organic camp is the need to produce and deliver 10,000 vehicles for Amazon in 2022. This was a challenge before Amazon announced a tie-up with Stellantis, but is now a much more important challenge for Rivian. With Stallantis shortly to be breathing down Rivian's neck, the company needs not only to produce in numbers, but also to ensure that the Amazon trucks perform as advertised, and that there are few quality issues. If Rivian falters, that order for 100,000 means nothing and Stellantis will step into the void (and yes, I'm more than aware of that company's QA issues). Finally, there the supply chain and logistics challenges that will surely have a negative impact on production rates for at least the next year.

If this was all Rivian had to deal with, I'd still consider them producing 19,000 units this year remarkable. Unfortunately, it's not and as Ron Popeil said in his late nigh pitches for the Pocket Fisherman: "But wait - there's more!

Rivian has made a hard situation even harder with unforced errors that include going public far too early and attempting to build a new factory before even reaching some moderate level of production with existing facilities. The pressure from investors will surely cause Rivian to focus too much on quarterly numbers and will at the least be a major distraction for senior management. Building a new facility, setting it up and staffing it will likely demand even more executive focus, ll at a time when the focus really ought to be on producing new vehicles.

Rivian knows all of this and I'm sure believes that they can manage everything. They may be able to: There are many examples throughout history of folks pulling off the impossible. I think that Rivian will ultimately succeed, but am also convinced it will take considerably longer than most expect and a lot longer than Rivian predicts publicly.

Wow. Well said.

 

[eHauler]

I wonder if employees would still be the first owners if they didn't go public. It has a big part to play, IMO.

 

[klkmd]

I ordered an RIT in 2019. Understand pandemic delay and spoke with Rivian and was promised delivery last Sept and would be initial production since I ordered larger battery. Then Jan, then March, then 3rd qtr, and now 2023 unless i downgrade my order to lower battery. I was told Tank turn was over the air upgrade, then delayed, then needs bugs worked out, then cancelled. Have not received one iota of positive reports.
Production is probably all by hand since less than 1000 delivered by years end. No reports that factory is now automatic, and no reports of increased delivery this month.
I have lost faith in this company. Anyone can build an exciting innovative car or truck. The trick is manufacturing prowess, which clearly Rivian is lacking. Automotive history is replete with exciting one off cars that stoke the imagination, but almost every one is just history and a great idea.
As Ford and Chevrolet, soon to also by Toyota and Chrysler come up to speed, Rivian will be in trouble. You cannot sustain a car company appealing only to the Patagonia crowd. The numbers just aren't there and most Rivian preorder holders I've talked to at the gatherings want a street pickup truck and do not intend to climb over boulders. Hence the Fords and Chevys will meet their needs as they will mine. So whichever is first I will get. I've placed preorders on all including the Cyber, and will cancel the others whenever I get my first electric truck. I suspect it will be Ford and will be cancelling my Rivian order.
Profoundly disappointed in their lack of transparency. Anyone can. tell you an MIT engineering genius doesn't really know manufacturing.

 

[camaroz1985]

I ordered an RIT in 2019. Understand pandemic delay and spoke with Rivian and was promised delivery last Sept and would be initial production since I ordered larger battery. Then Jan, then March, then 3rd qtr, and now 2023 unless i downgrade my order to lower battery. I was told Tank turn was over the air upgrade, then delayed, then needs bugs worked out, then cancelled. Have not received one iota of positive reports.
Production is probably all by hand since less than 1000 delivered by years end. No reports that factory is now automatic, and no reports of increased delivery this month.
I have lost faith in this company. Anyone can build an exciting innovative car or truck. The trick is manufacturing prowess, which clearly Rivian is lacking. Automotive history is replete with exciting one off cars that stoke the imagination, but almost every one is just history and a great idea.
As Ford and Chevrolet, soon to also by Toyota and Chrysler come up to speed, Rivian will be in trouble. You cannot sustain a car company appealing only to the Patagonia crowd. The numbers just aren't there and most Rivian preorder holders I've talked to at the gatherings want a street pickup truck and do not intend to climb over boulders. Hence the Fords and Chevys will meet their needs as they will mine. So whichever is first I will get. I've placed preorders on all including the Cyber, and will cancel the others whenever I get my first electric truck. I suspect it will be Ford and will be cancelling my Rivian order.
Profoundly disappointed in their lack of transparency. Anyone can. tell you an MIT engineering genius doesn't really know manufacturing.

By all means, do what is best for you, but if you are willing to accept the Ford with it's limited range, why not change your Rivian to the smaller battery to get it sooner?

Rivian is still my 1st choice, it fits my needs best, but if max pack is delayed further or dropped, I do have a Silverado reservation to fall back on.

 

[JimmyEV]

I ordered an RIT in 2019. Understand pandemic delay and spoke with Rivian and was promised delivery last Sept and would be initial production since I ordered larger battery. Then Jan, then March, then 3rd qtr, and now 2023 unless i downgrade my order to lower battery. I was told Tank turn was over the air upgrade, then delayed, then needs bugs worked out, then cancelled. Have not received one iota of positive reports.
Production is probably all by hand since less than 1000 delivered by years end. No reports that factory is now automatic, and no reports of increased delivery this month.
I have lost faith in this company. Anyone can build an exciting innovative car or truck. The trick is manufacturing prowess, which clearly Rivian is lacking. Automotive history is replete with exciting one off cars that stoke the imagination, but almost every one is just history and a great idea.
As Ford and Chevrolet, soon to also by Toyota and Chrysler come up to speed, Rivian will be in trouble. You cannot sustain a car company appealing only to the Patagonia crowd. The numbers just aren't there and most Rivian preorder holders I've talked to at the gatherings want a street pickup truck and do not intend to climb over boulders. Hence the Fords and Chevys will meet their needs as they will mine. So whichever is first I will get. I've placed preorders on all including the Cyber, and will cancel the others whenever I get my first electric truck. I suspect it will be Ford and will be cancelling my Rivian order.
Profoundly disappointed in their lack of transparency. Anyone can. tell you an MIT engineering genius doesn't really know manufacturing.

Do you have reservations for the Silverado and Lightning as well? Because those numbers are starting to pile up too.

 

[O. horridus]

I ordered an RIT in 2019.

No you didn't. You can call it a pre-order or a reservation if you like, but in 2019 all you could have done was to express your interest in buying a R1T by giving them a deposit. You couldn't pick a color, a battery size, or anything else back then. They didn't promise to deliver you a vehicle, and you didn't promise to buy one. This was all clearly spelled out in your deposit agreement. I am very well aware of this because I personally chose NOT to make a deposit in 2018 or 2019 because I did read the agreement and at that time there were no guarantees - and with the state of the company at that time before the infusion of cash from Amazon and Ford, there was no reason to believe that you would have even been able to get your deposit back if they didn't ever get to the point of delivering vehicles.

Understand pandemic delay and spoke with Rivian and was promised delivery last Sept and would be initial production since I ordered larger battery.

Umm, no. And you skipped a step, which was November 2020, when the vehicle configurator first opened up and allowed you to specify the details of the vehicle you wanted. At that point, it seems you chose the Max pack battery, not the Launch Edition. And at that point, what you were promised was that the LE would ship first. You were not promised at that time that the Max pack would ship first, they explicitly said in the configurator that the LE would ship first. Rivian initially had the goal of starting these LE shipments in June, then pushed that back to July, then pushed that back to September. But you were never promised you would receive a Max pack vehicle in September. It was never even promised that the Max packs would start shipping in September, however it was promised that the LEs would ship first.

Max pack R1T pre-orders were not given a delivery window until just recently - the emails went out in late December.

Then Jan, then March, then 3rd qtr, and now 2023 unless i downgrade my order to lower battery.

You seriously misunderstood something then. The email you received in December should have given you a window for your R1T Max pack. My understanding is that most of the pre-order R1T Max packs are scheduled for late 2022* - search these forums, because there's a thread where people have posted the delivery windows that they received, and that is what I remember from that thread. Because of all the complaining, Rivian is giving you an option to change to the Large pack to get your vehicle sooner, and making you aware that you can do this without losing your place in line, but it has ALWAYS been the case that if you configured a non-LE vehicle it would ship AFTER the LE vehicles.

*EDIT: I looked up that thread after I posted and found I was wrong - it is the non-LE, non-Max pack pre-orders that are scheduled for late 2022. The Max pack R1T preorders are first half of 2023 because non-Max packs are being produced first.

I was told Tank turn was over the air upgrade, then delayed, then needs bugs worked out, then cancelled. Have not received one iota of positive reports.

Rivian never announced that Tank turn would be included. While they did file for a patent, and while there is at least one video showing that they're working on it, it was never a promised feature. And this goes back like two years - search this forum. I highly doubt that anyone from Rivian told you it would be available - I suspect they would answer a question about Tank turn the same way they answer a question about a more mainstream feature like Car Play. There are a lot of features they've prototyped over the years that won't make it into the first version of the R1T, like 180 degree tailgate and electrochromic roof, and that's expected. They even showed off prototypes of these two features on several occasions, which they've never done with Tank turn. The features you were actually promised were listed in the configurator when you configured your vehicle. If they don't/can't deliver some of those, then perhaps you have a reason to gripe. But complaining about a speculative feature that never emerged is really a problem with you, not with Rivian.

And that's the common thread - it is your expectations that have been out of line with the actual information that Rivian has provided and the actual promises that Rivian has made.

I reserved my place in line for an R1T in late 2020, and I configured a Launch Edition R1T in November 2020 when the configurator was made available. MY expectation was, because there were about 2 years of pre-orders before me, that I wouldn't get my vehicle until about a year after they started making them. In November 2020, LE deliveries were expected to start in June 2021 (NOT be totally completed before June - I don't know why everyone thinks the delivery start date === the date they're going to get their vehicle), so I expected my vehicle somewhere around June 2022. Then the initial delivery date for LEs got pushed back to July, then to September. But you know what? When I got my personal delivery estimate email, it said May-June 2022, which is EXACTLY what I expected back in November 2020.

Of course I hoped I would get it sooner, and of course I still hope that production goes well and I will still get it sooner, but so far the delivery date for MY vehicle has been consistent with what Rivian always said.

If you had unreasonable and unfounded expectations, then again that is on you. But you've painted a false narrative that Rivian is constantly breaking promises and that you're not going to get what you "ordered" until two years after the "promised" date and without the "promised" features. That is not the case.

Likewise, you do realize that every company on Earth is struggling with the effects of the pandemic? Many have gone out of business. Many, including most of the established automakers, have long delivery delays and limited availability because of this. There are some products (TP anyone?) that can't be obtained in a timely manner, period, even though they are almost commodity items. To expect a brand new company to be unaffected by this is irrational. I think Rivian has managed this better than some, worse than others, but not much differently than most manufacturers.

The remainder of your post is just pure speculation where you've extrapolated your wrong expectations to predict the future of the company. And while that may happen, the opposite may be true as well, but as your prediction is predicated upon your wrong expectations, it doesn't seem too credible.

Let's contrast Rivian's progress with a similar EV startup that launched back around the same time - the Bollinger B1/B2. I was on the reservation list for the B1 back in 2018 (no deposit required at that time), and the B2 (pickup) was announced about a month before the Rivian reveal in 2018. People were wondering which would be the first EV truck to hit the market. But then in 2019 Bollinger decided to start taking $1000 deposits. At the same time, they announced the MSRP was going to double and that certain features were being dropped, like AIRBAGS. Yes, that is correct, they decided to ship without airbags, on a $125k vehicle. Needless to say, I did not make a deposit. And Bollinger today is still in business but they're not much closer to production than they were three years ago, as far as I can tell.

By contrast Rivian's progress is remarkable. Their pricing has remained constant, and they've even thrown in some things for free for the LE edition. They have not dropped any features since they finalized the configurator, so what you configured is what you're going to get. They've even added a few small features that weren't originally announced. And they have actually been successful in moving to production. It's a real vehicle. I've driven one, and I am impressed. Likening them to all the failed startups of the past is just wrong.

 

[CommodoreAmiga]

There are a lot of features they've prototyped over the years that won't make it into the first version of the R1T, like 180 degree tailgate and electrochromic roof, and that's expected. They even showed off prototypes of these two features on several occasions, which they've never done with Tank turn.

Actually, they have shown Tank Turn being used in a prototype.

 

[klkmd]

No you didn't. You can call it a pre-order or a reservation if you like, but in 2019 all you could have done was to express your interest in buying a R1T by giving them a deposit. You couldn't pick a color, a battery size, or anything else back then. They didn't promise to deliver you a vehicle, and you didn't promise to buy one. This was all clearly spelled out in your deposit agreement. I am very well aware of this because I personally chose NOT to make a deposit in 2018 or 2019 because I did read the agreement and at that time there were no guarantees - and with the state of the company at that time before the infusion of cash from Amazon and Ford, there was no reason to believe that you would have even been able to get your deposit back if they didn't ever get to the point of delivering vehicles.


Umm, no. And you skipped a step, which was November 2020, when the vehicle configurator first opened up and allowed you to specify the details of the vehicle you wanted. At that point, it seems you chose the Max pack battery, not the Launch Edition. And at that point, what you were promised was that the LE would ship first. You were not promised at that time that the Max pack would ship first, they explicitly said in the configurator that the LE would ship first. Rivian initially had the goal of starting these LE shipments in June, then pushed that back to July, then pushed that back to September. But you were never promised you would receive a Max pack vehicle in September. It was never even promised that the Max packs would start shipping in September, however it was promised that the LEs would ship first.

Max pack R1T pre-orders were not given a delivery window until just recently - the emails went out in late December.


You seriously misunderstood something then. The email you received in December should have given you a window for your R1T Max pack. My understanding is that most of the pre-order R1T Max packs are scheduled for late 2022* - search these forums, because there's a thread where people have posted the delivery windows that they received, and that is what I remember from that thread. Because of all the complaining, Rivian is giving you an option to change to the Large pack to get your vehicle sooner, and making you aware that you can do this without losing your place in line, but it has ALWAYS been the case that if you configured a non-LE vehicle it would ship AFTER the LE vehicles.

*EDIT: I looked up that thread after I posted and found I was wrong - it is the non-LE, non-Max pack pre-orders that are scheduled for late 2022. The Max pack R1T preorders are first half of 2023 because non-Max packs are being produced first.


Rivian never announced that Tank turn would be included. While they did file for a patent, and while there is at least one video showing that they're working on it, it was never a promised feature. And this goes back like two years - search this forum. I highly doubt that anyone from Rivian told you it would be available - I suspect they would answer a question about Tank turn the same way they answer a question about a more mainstream feature like Car Play. There are a lot of features they've prototyped over the years that won't make it into the first version of the R1T, like 180 degree tailgate and electrochromic roof, and that's expected. They even showed off prototypes of these two features on several occasions, which they've never done with Tank turn. The features you were actually promised were listed in the configurator when you configured your vehicle. If they don't/can't deliver some of those, then perhaps you have a reason to gripe. But complaining about a speculative feature that never emerged is really a problem with you, not with Rivian.

And that's the common thread - it is your expectations that have been out of line with the actual information that Rivian has provided and the actual promises that Rivian has made.

I reserved my place in line for an R1T in late 2020, and I configured a Launch Edition R1T in November 2020 when the configurator was made available. MY expectation was, because there were about 2 years of pre-orders before me, that I wouldn't get my vehicle until about a year after they started making them. In November 2020, LE deliveries were expected to start in June 2021 (NOT be totally completed before June - I don't know why everyone thinks the delivery start date === the date they're going to get their vehicle), so I expected my vehicle somewhere around June 2022. Then the initial delivery date for LEs got pushed back to July, then to September. But you know what? When I got my personal delivery estimate email, it said May-June 2022, which is EXACTLY what I expected back in November 2020.

Of course I hoped I would get it sooner, and of course I still hope that production goes well and I will still get it sooner, but so far the delivery date for MY vehicle has been consistent with what Rivian always said.

If you had unreasonable and unfounded expectations, then again that is on you. But you've painted a false narrative that Rivian is constantly breaking promises and that you're not going to get what you "ordered" until two years after the "promised" date and without the "promised" features. That is not the case.

Likewise, you do realize that every company on Earth is struggling with the effects of the pandemic? Many have gone out of business. Many, including most of the established automakers, have long delivery delays and limited availability because of this. There are some products (TP anyone?) that can't be obtained in a timely manner, period, even though they are almost commodity items. To expect a brand new company to be unaffected by this is irrational. I think Rivian has managed this better than some, worse than others, but not much differently than most manufacturers.

The remainder of your post is just pure speculation where you've extrapolated your wrong expectations to predict the future of the company. And while that may happen, the opposite may be true as well, but as your prediction is predicated upon your wrong expectations, it doesn't seem too credible.

Let's contrast Rivian's progress with a similar EV startup that launched back around the same time - the Bollinger B1/B2. I was on the reservation list for the B1 back in 2018 (no deposit required at that time), and the B2 (pickup) was announced about a month before the Rivian reveal in 2018. People were wondering which would be the first EV truck to hit the market. But then in 2019 Bollinger decided to start taking $1000 deposits. At the same time, they announced the MSRP was going to double and that certain features were being dropped, like AIRBAGS. Yes, that is correct, they decided to ship without airbags, on a $125k vehicle. Needless to say, I did not make a deposit. And Bollinger today is still in business but they're not much closer to production than they were three years ago, as far as I can tell.

By contrast Rivian's progress is remarkable. Their pricing has remained constant, and they've even thrown in some things for free for the LE edition. They have not dropped any features since they finalized the configurator, so what you configured is what you're going to get. They've even added a few small features that weren't originally announced. And they have actually been successful in moving to production. It's a real vehicle. I've driven one, and I am impressed. Likening them to all the failed startups of the past is just wrong.

I spoke personally with several Rivian employees both by email and at the Venice gathering and again at a First Mile event. Everything I wrote was true. It was communicated to me personally, the delivery dates I mentioned and I had extensive discussions about the tank turn, was told it was OTA update, would be several months after launch, and then the story started to change. At the First Mile event, I was told it was cancelled as it was considered environmentally insensitive. Another told me there were problems coordinating all the wheels, which I could relate to as any boater with twin straight shafts knows exactly how this can work, then they said there was a safety issue as it could lose control if the wheels were not carefully coordinated .

 

[Exprexxo]

The official Rivian production and deliveries for 2021 have been revealed. Rivian ended the year producing 1,015 vehicles while delivering 920 of them.

Rivian built 1,015 vehicles in 2021 and delivered 920 of them - Autoblog

Last month, Rivian said it expected production to be "a few hundred vehicles short" of its 2021 target of 1,200 because of supply chain constraints.

www.autoblog.com

Rivian Automotive produced 1,015 vehicles by the end of 2021, the Amazon-backed electric pickup truck maker reported in a filing on Monday, in line with its lowered expectations.

Last month, Rivian said it expected production to be "a few hundred vehicles short" of its 2021 target of 1,200 because of supply chain constraints.

The company delivered 920 vehicles by the end of 2021, according to the filing.

Separately, Rivian said Rod Copes retired as chief operating officer.

"Rod began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp," the company said in an emailed statement on Monday.

Copes' duties have been absorbed by the company's leadership team, the statement said.

Shares of Rivian slipped 4.22% to $78 in extended trade. They closed the regular session down 5.6% at $81.44. Last week, the previous high-flying stock skidded below its initial public offering price for the first time.

I am liking the slow march 1000+ R1T 1 Hummer 0 Cyber The rates look good for careful engineering over hyper marketing

 

[RivianDoc]

I understand the benefits of employees being the first to get vehicles as part of their loyalty to the company but I still smh at so many employees hired on in June or August posting about getting these great vehicles that they have developed with their teams—you had only been there 4-6 months and they post like they were RJs childhood friend with 10 years on the project. I know that all these vehicles going out realistically changes my delivery time by about 5 minutes but enough with the employee self-congratulations 😊

 

[NY_Rob]

^ yeah, the whole "deliveries to customers" fiasco was not well planned and blew up in their face like a $2 trick cigar. If they had been upfront from the first delivery on it would have worked out much better than having the public discover the dirty little secret the way they did. They were trying for the "we're different, not 100yo legacy/sneaky auto manufacturer" but unfortunately that's exactly how they came across to many buyers with the coverup.

As Mr. Spock so eloquently said "It is curious how often you humans manage to obtain that which you do not want."

 

[TessP100D]

^ yeah, the whole "deliveries to customers" fiasco was not well planned and blew up in their face like a $2 trick cigar. If they had been upfront from the first delivery on it would have worked out much better than having the public discover the dirty little secret the way they did. They were trying for the "we're different, not 100yo legacy/sneaky auto manufacturer" but unfortunately that's exactly how they came across to many buyers with the coverup.

As Mr. Spock so eloquently said "It is curious how often you humans manage to obtain that which you do not want."

Due to the ‘’Covid Effect’’ those cigars are $4.00. Lol.

Live Long and Prosper