Great graph. Most investors expected Rivian to produce more based on Rivian’s own production guidance. They set the expectation, and then lower it when they realize they can’t deliver. By the way, Tesla is the benchmark, that’s why everybody has such high hopes for R2, because of what Tesla did...
It’s not negative because they are simply doing things different than Tesla. It’s because they are doing things different and it hasn’t really worked out for them yet.
Tesla achieved gross margin profit on the Model S in 2013. They also had steady growth year over year in the early days.
That’s one way to look at it, but here we are another year of only 50k vehicles produced. Waiting to hear if they obtained that slight gross margins profit too.
I’ve always been bullish on Rivian, but I recently experienced being a customer shopping for a Rivian and it makes me second guess if they have what it takes to survive. The local sales associates are unresponsive to follow ups. The corporate sales reps are not knowledgeable of the products. The...
Thanks for providing this. It seems that Rivians estimates for charge times are overly optimistic based on real world experiences. Even Rivian’s trip planner on their website quotes way shorter charge times than ABRP.
Has anyone recently done a lease buyout in Texas? I would like to do a lease so I can get the $7500 tax credit and then immediately do a buyout. I’ve heard that Texas will make me pay full tax for purchase price at start of lease and then again once I do a buyout. Essentially making me pay...
This is disastrous after putting in so much work to reduce costs. The fact that it sounds like it was self inflicted with miscommunication from Rivian to a supplier makes it all the more worse. Not securing a backup supplier beforehand is icing on the cake. Hopefully they can recover without too...
Fake news? Rivian has communicated they expect a “positive gross margin profit” in Q4. Call it whatever kind of profit you want, it’s still at risk with the miss on production.
Very true but if they continue to target the over $100k market with option combinations to rival Porsche and BMW, they won’t survive long enough to make R2. They have to crawl before they walk, especially when they are still taking a bath on every vehicle sold.
Rivian is at risk of missing its first profitable quarter in Q4 due to this lower production/part shortage. Not becoming profitable in Q4 will be a huge let down.
Rivian has far too many options for a low volume, electric startup streamlining manufacturing, striving for profitability. Has...