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The Next Tesla? Investors Bet Big on Electric Truck Maker Rivian (Published 2021)
Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.
One interesting tidbit that I had not seen in other articles:
"Last year, before the pandemic struck, [Rivian] said it planned to make around 20,000 pickup trucks and S.U.V.s in 2021 and some 40,000 in 2022. It has not yet offered an updated outlook. It is aiming to have production capacity of 250,000 vehicles a year at its plant in Normal, Ill., by the middle of the decade. The company has not disclosed how many orders it has taken, but a spokeswoman said it had customers lined up for all the vehicles it expected to make this year."
If we read between the lines, I believe the vehicles it "expected to make this year" likely refers to the Launch Edition, but not sure what that means for someone with a reservation near #40,000, like me. 2022?? Thoughts??