Rivian Q4 FY2021 Earnings Call 3-10-22

[AllInev]

Wow, if they don't get to at least 600/wk by July-ish then they won't produce more than 25k R1 vehicles this year.

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[ironpig]

maybe the stock will hit 20 tomorrow. If it really dives, there will be some top level changes to at least appease the large investors.

 

[TXR1S]

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

We resemble that remark!

 

[bd5400]

Claims they didn't walk back pricing increase due to cancellations, just the brand damage.

 

[Guy]

Gimp is on now. Over 50% of cancellations came back - but didn't`t say how many cancellations - some estimates were 12K or more.

 

[fotoflux]

RJ is claiming that their decision to reverse pricing wasn't due to "some sort of mass-cancellation"

 

[kanundrum]

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

Hey - that's us!!!

LOL

 

[Forager]

50% of canceled orders have not sought reinstatement…

 

[Kmann1994]

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

Lol this thread is reminding me why I don't come to this forum anymore. The people here are too out of touch with reality for my liking – it's just 100% useless speculation in every post. I have no problem bursting everyone's bubble and dragging them outside to see the bigger picture.

 

[atlastracer]

“More than half asked to be reinstated“ so they went from 50% cancellation to 25%? Still not good

Well - that's one way to handle the drop in expected production number for 2022 ?

 

[bd5400]

Ugh. Someone asked for the breakdown between R1 and EDV in the 25k and they didn't really answer. Just that the breakdown hasn't changed.

 

[manitou202]

Considering they produced only 1400 vehicles in Q1 and are currently supply chain limited, if things don't dramatically improve, they might be lucky to build 10k vehicles this year.

My company is actually seeing the semiconductor supply getting even worse in Q2 and Q3. I'm not confident they are going to see an improvement. If they sounded more confident on the supply chain concerns, and simply were ironing out assembly line issues, then at least the ramp up is in their control. In this case it's not.

 

[bd5400]

RJ is saying that semiconductor suppliers are doing allocations and that Rivian is at a disadvantage because they don't have a history of need at certain numbers.

He said that companies are over-requesting and suppliers are allocating based on what they think the real need is, not the actual request.

 

[Zoidz]

Lol this thread is reminding me why I don't come to this forum anymore. The people here are too out of touch with reality for my liking – it's just 100% useless speculation in every post. I have no problem bursting everyone's bubble and dragging them outside to see the bigger picture.

I see serious supply chain constaints daily in the two businesses I am VP at. Supply chain constraints are across the board, everywhere. Most people really are clueless about how difficult and challenging it is.

And now this from Volkswagon just a bit ago - hang on for a rough 2022-2023:

"The head of Volkswagen, Europe’s largest carmaker, has warned that a prolonged war in Ukraine risks being “very much worse” for the region’s economy than the coronavirus pandemic. The interruption to global supply chains “could lead to huge price increases, scarcity of energy and inflation”, Herbert Diess, chief executive of the German carmaker, told the Financial Times. “It could be very risky for the European and German economies.”

 

[Guy]

It is clear that semi conductors are their major issue as they cannot help with production or allocations. This has been a useful call - even if obtuse at times.

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