Rivian Q1 Production = 9,395 Vehicles (7,946 Delivered). Remains On Track For 50,000 Annual Production.

[Redline]

https://stories.rivian.com/q1-2023?...n=q123_prod_numbers_04032023&utm_content=blog

Rivian produced 9,395 vehicles and delivered 7,946.

According to Rivian, “These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided.”

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[Madsen203]

I was hoping we would see a bigger increase showing hints of hitting 60k. Betting the market dips because of this.

 

[Thedude]

Not really any improvement over Q4 last year.

 

[the long way downunder]

Well, congratulations of a sort. I hope the 50K number is really the 60K+ that's been suggested.
There's presumably no shortage of demand. I wonder how many of those units were built and delivered EDVs.

 

[iM_R]

There should be now 5549 cars produced, but not yet delivered. If my math is right.

 

[the long way downunder]

I was hoping we would see a bigger increase showing hints of hitting 60k. Betting the market dips because of this.

So far, no hit to $RIVN despite being down day across the board.

 

[Donald Stanfield]

I was hoping we would see a bigger increase showing hints of hitting 60k. Betting the market dips because of this.

Stock is already taking a pounding this morning. I sold my shares, but I was lucky to buy in at 14 something so I made a few bucks. I'll buy back in at the bottom of this current bounce.

 

[Donald Stanfield]

So far, no hit to $RIVN despite being down day across the board.

You might want to check again. It's trending downward as we speak.

 

[Zoidz]

Given that the factory was shut down the first week of January, the numbers do look to be reasonably on target.

 

[Zoidz]

Stock is already taking a pounding this morning. I sold my shares, but I was lucky to buy in at 14 something so I made a few bucks. I'll buy back in at the bottom of this current bounce.

Tesla is down more than Rivian, NASDAQ is down just a bit. Always helps to put in perspective of the sector. But yeah, Rivian will likely end down today.

 

[Rad_ry]

People need to factor in the fact the EDV line was actually down most of Q1 to introduce enduro - so the number is largely R1s, so quite good!

 

[Zoidz]

And they beat consensus estimates - why all the negativity?

Rivian Automotive (NASDAQ:RIVN) disclosed on Monday that it delivered 7,946 vehicles in Q1 to top the consensus estimate of 7,752. The electric vehicle maker produced 9,395 vehicles at its Normal, Illinois plant during the quarter vs. 8,752 consensus.

 

[jjswan33]

And they beat consensus estimates - why all the negativity?

Rivian Automotive (NASDAQ:RIVN) disclosed on Monday that it delivered 7,946 vehicles in Q1 to top the consensus estimate of 7,752. The electric vehicle maker produced 9,395 vehicles at its Normal, Illinois plant during the quarter vs. 8,752 consensus.

My guess any downside pressure is just selling the news. RIVN climbed up like 12% on the rumor so it’s just going to give a little back now that the actual is out.

 

[Dark-Fx]

And they beat consensus estimates - why all the negativity?

Rivian Automotive (NASDAQ:RIVN) disclosed on Monday that it delivered 7,946 vehicles in Q1 to top the consensus estimate of 7,752. The electric vehicle maker produced 9,395 vehicles at its Normal, Illinois plant during the quarter vs. 8,752 consensus.

Expectation to beat consensus estimates was already priced in.

 

[Donald Stanfield]

Tesla is down more than Rivian, NASDAQ is down just a bit. Always helps to put in perspective of the sector. But yeah, Rivian will likely end down today.

Don’t get me wrong I’m bullish on Rivian at its current price point. I just saw an opportunity to make a few bucks. I’ll buy back in at a lower amount. It will go up again soon, and all it’s going to take is some announcement of a deal or beating expectations in some way and it’s going to climb up.

Rivian isn’t trading on fundamentals it’s trading on emotion and investor sentiment.

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