Rivian Q4 FY2021 Earnings Call 3-10-22

[Guy]

Nothing yet about the Samsung relationship issues or the COO and VP of Manufacturing changes.

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[moosehead]

Chief Growth Officer must have a muzzle.

Bring in the Gimp.

Edit: He did get tossed the bone of how many cancellations. So he's got that going for him, which is nice.

 

[ajbrutman]

I'm still listening and all I keep hearing is "supply chain restrains"

 

[Guy]

Chief Growth Officer must have a muzzle.

Bring in the Gimp.

Well he is less impressive than the other two.

 

[AllInev]

It’s literally the only thing shareholders want to hear as well.

I'd settle for weekly, bi-weekly, or even monthly updates. Seems fair.

 

[Tyleem111]

It’s literally the only thing shareholders want to hear as well.

I know =(

Does it help that I can tell you it's twice as much as a previous unknown number haha

 

[atlastracer]

Wow, RJ will NOT say the weekly number. Must be either dismal or very intermittent.

I interpreted that as it is very intermittent. Sounds like they are running the lines at full speed as they can. But then have to shut them down as soon as there is a shortage in a component. So the rate will be super spiky at the daily/weekly level because of these starts/stops.

The positive thing I got from this is that they are running it at full speed (as they can) which make the team ABLE to run at full speed. As soon as the parts become a non-issue they will almost immediately scale massively on production. If they, instead, slowed the production to be even with parts - they'd get used to slower production lines so they would *then* need to work to speed it up when parts became available.

I'll caveat all that with the fact i know nothing about manufacturing. But just seems like training your team to run at full speed (in short-bursts) will make it easier to have them run at full-speed all the time when there is unlimited "energy" (parts). Vs having them getting used to a regular jog.

 

[paariv]

"We aren't going to get into the habit of giving daily production rates"

"Do you know who you're talking to? We aren't in the habit of giving any production updates. I thought that was clear by now!"

 

[ajbrutman]

supply-constrained to 25k vehicles this year

 

[Zoidz]

Hang on – it sounds like they're doing all of those things based on his responses on the call. Hence why records are set each day in various areas of production, according to him. It's an iterative, continuous improvement process.

Ford has tens of thousands of Broncos waiting in snowy parking lots without parts that can't be delivered. GM is delivering cars without heated seats. Mercedes is delivering cars without power seats.

This is not a unique to Rivian problem. It's time to zoom outside of the Rivian bubble and look bigger picture. This is the entire auto industry right now.

A refreshingly accurate opinion in a thread with many reality deniers.

 

[aAlpine]

"Reading message boards can lead to a dark place" ?

 

[fotoflux]

Stock is down 13 percent.... in the 30's....

 

[ATL_Canes]

"Reading message boards can lead you to a a dark place."

Hey - that's us!!!

 

[Bbernardo]

This place ain't so dark....

 

[fotoflux]

50% of customers that cancelled re-instated

"more than half"

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