buddha2lotus
Well-Known Member
Check your spam and deleted folders, mine somehow ended up in my deleted folder even though I hadn’t even seen it anywhere
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Rivian IPO potentially next week. Morgan Stanley is the DSP (IPO) Partner
xyskis
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- Joined
- Sep 10, 2021
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Agree! My accountant and financial advisor don’t even need this much info!
MIG
Well-Known Member
Patriot Act and insider trading restrictions. My son's law firm does so many of these deals that they won't let him purchase any individual equities at all, because you never know.
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Dbeglor
Well-Known Member
Dbeglor
Well-Known Member
Based on our current production forecast, we expect to fill our preorder backlog of approximately 55,400 R1 vehicles by the end of 2023. Our manufacturing facility in Normal, Illinois (the “Normal Factory”) is currently equipped to produce up to 150,000 vehicles annually (distributed between the R1 platform, which will be used to produce the R1T and R1S, and the RCV platform, which will be used to produce EDVs and other commercial vehicles), when the equipment is operated at full rate and on multiple shifts. The current annual installed capacity for the R1 platform and RCV platform is approximately 65,000 and 85,000 vehicles, respectively. We produced 104 R1T vehicles during the last week of October 2021, representing approximately 8% of our target R1 production rate. Our target is to produce approximately 1,310 R1 vehicles a week, which when annualized (assuming 49.6 working weeks per year), equates to the current installed R1 platform capacity of approximately 65,000 R1 vehicles annually. With respect to the RCV platform, our target is to produce approximately 1,710 commercial vehicles (including EDVs) a week, which when annualized (assuming 49.6 working weeks per year), equates to the current installed RCV platform capacity of approximately 85,000 vehicles annually. We expect our vehicle production rate will improve as we continue to increase the speed of the line, hire and train employees to run additional shifts, commence production of the R1S and EDVs, and increase the rate of purchased materials from our supply chain. We expect to reach a vehicle production rate, which, when annualized, would result in us using 100% of the facility’s current installed capacity of up to 150,000 vehicles by late 2023.
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Ladiver
Well-Known Member
HAHAHA, makes me feel a little better about lowering my expected buy. I was going to go full in with 175 shares, then after yesterday, I was thinking closer to 10-15 shares. Now, I am thinking of a token 2 shares, one for My R1T and one for my R1S.
By the end of their first week, I think RIVN will be trading around $40.
eggpaul
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- First Name
- Paul
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- May 4, 2021
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- Sierra Madre, CA
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- 2017 Chevy Volt, 2021 Acura TLX
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- Business Owner
Maybe Rivian knows we all want news at the end of each week and they thought raising the price for the IPO would make us happy somehow? haha
St Bernard
Well-Known Member
Interesting that Lucid traded today at over $40 and they only have 13,000 orders including orders from Saudi Arabia their second largest market based on initial reservations. Their main investor is from Saudi Arabia.
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