Rivian Q3 2023 -- Production: 16,304 vehicles / Deliveries: 15,564 vehicles

[DuoRivians]

Solid performance!

https://www.sec.gov/Archives/edgar/data/1874178/000187417823000055/ex-9913q23deliveryproducti.htm

Sponsored

 

[cdub]

That seems low to me but I'm used to Tesla numbers. Hopefully they'll be able to ramp up soon. I'm rooting for them!

 

[sincladk]

Looks like their "leaked" predictions from earlier in the year of their deliveries hitting at least 60,000 may happen. Great news.

 

[DuoRivians]

Annualizing Q3 production, this comes out to 65k vehicles per year. Shows what capability Rivian has on the floor today, ie much more than 52k guided for 2023

 

[Biturbowned]

Wall Street ain’t happy, algos swinging like crazy premarket. Good scalp opportunity for me so I’ll take it! Onwards and upwards.

 

[Sivaps]

Quantity doesn’t matter.
Quality does matter.

so many annoying problems and not good service backup.
delays and poor resolution of the issues.

 

[DuoRivians]

Quantity doesn’t matter.
Quality does matter.

so many annoying problems and not good service backup.
delays and poor resolution of the issues.

Far majority of vehicles don’t have issues. Those that do are usually just nvh issues now

 

[emoore]

Quantity doesn’t matter.
Quality does matter.

so many annoying problems and not good service backup.
delays and poor resolution of the issues.

Quality does matter but so does quantity. Without it Rivian doesn't succeed.

 

[emoore]

That seems low to me but I'm used to Tesla numbers. Hopefully they'll be able to ramp up soon. I'm rooting for them!

How it that low? It's more then they have been saying for this year. Tesla went thru the same thing.

 

[Golfer04]

Far majority of vehicles don’t have issues. Those that do are usually just nvh issues now

Except they never fix the earlier issues. 15 months after delivery my tonneau still doesn't work. Supposedly a class action suit is starting over it. Sign me up.

 

[McBogey]

That seems low to me but I'm used to Tesla numbers. Hopefully they'll be able to ramp up soon. I'm rooting for them!

Yes, far lower than Tesla. But remember, Rivian started production far later than Tesla (and amidst a global pandemic). Rivian is in infancy still, Tesla a mature car company now. The increase in Rivian production is in line with expectations and on the growth curve Rivian is aiming for. Good to compare to Tesla, but in the right context.

Mass volumes won’t come until R2 factory in Georgia is at full rate production. 2025. A lot needs to happen to make that a reality. So in the meantime, as one poster mentioned, need to be sure quality is not a problem, and as a recent stock analyst reported, the brand needs to continue to resonate with customers. So keep these incremental increases in production of R1 while making sure quality is a brand positive to set the stage/expectations for R2.

(Curious: has anyone compared R1 growth solely to Model S/X growth history? The mass volumes of the Model 3 and Y throws off the comparison right now, right?)

 

[DuoRivians]

Except they never fix the earlier issues. 15 months after delivery my tonneau still doesn't work. Supposedly a class action suit is starting over it. Sign me up.

 

[DuoRivians]

Yes, far lower than Tesla. But remember, Rivian started production far later than Tesla (and amidst a global pandemic). Rivian is in infancy still, Tesla a mature car company now. The increase in Rivian production is in line with expectations and on the growth curve Rivian is aiming for. Good to compare to Tesla, but in the right context.

Mass volumes won’t come until R2 factory in Georgia is at full rate production. 2025. A lot needs to happen to make that a reality. So in the meantime, as one poster mentioned, need to be sure quality is not a problem, and as a recent stock analyst reported, the brand needs to continue to resonate with customers. So keep these incremental increases in production of R1 while making sure quality is a brand positive to set the stage/expectations for R2.

(Curious: has anyone compared R1 growth solely to Model S/X growth history? The mass volumes of the Model 3 and Y throws off the comparison right now, right?)

Rivian’s ramp has been much faster. There were a few graphs published before

 

[jbssfelix]

I would have utterly failed as an economist/analyst, so please don't hate on my rudimentary math...but it looks like Rivian is on track for about 58k annual.

If, by some weird magical miracle, they keep the growth trajectory exactly the same as today, they'd do something like 130k for 2024. Obviously, I doubt that will happen, but I think 100k in 2024 is certainly feasible at this rate.

 

[strykerwsu]

Quantity doesn’t matter.
Quality does matter.

so many annoying problems and not good service backup.
delays and poor resolution of the issues.

I do consider myself lucky with no major issues. We all knew going into this we were Beta testers of a new company with an amazing product. I'm beyond satisfied with my truck but it was always a second vehicle if it had any issues. Those that jumped in feet first with no backup are definitely gutsy, but from what I see on here and at my local Rivian group most have been super happy in this first 18 months +.

Sponsored