R1T Large Inventory Concerns?

[PhatDaddy]

Given the news yesterday about Rivian offering some incentives for the R1T, I did another count today....192 R1T Max packs!

Curious what you are seeing if you want to compare notes again

Today's update:
As of 11/09/23 11/17/23...
505 609 R1Ts in Central Florida-adjacent shop
151 142 Max Pack
Includes a few 54 Max with underbody shield - but none of those with full 'All Terrain' upgrade.

4 3 Launch Editions in Launch Green - all Quad Large
16 13 CY... 1 2 of which were Max Pack
1 Quad Large (in CR) with Power Tonneau Cover

Re: R1Ss in the local shop, I have no idea... but almost nothing but R1Ss (maybe 20 or so) visible outside the Orlando SC when I went by yesterday.
And a lady was at the SC to pick up (if I understood correctly) her family's second Rivian... an R1S... having just recently towed a boat from Maine to Florida with their R1T. She said that towing trip "required patience" ;-) and some hooking/un-hooking at charge stations.. But she was there to buy another, so seemed to be quite pleased with their Rivian purchase.

Sponsored

 

[VSG]

Rivian needs to meet its production/delivery numbers for 2023, otherwise it will be murderlized by Wall Street.

It's about 6 weeks from the end of the year, so it's crunch time.

One concern is the difference between produced vehicles and delivered vehicles. IMO a lot of the vehicles in the shop are because of people changing their configuration and/or picking up a different vehicle out of the shop to get something sooner (which causes their original configuration to end up in the shop ...).

To me, this looks like an effort by Rivian to get rid of that excess shop inventory before the end of the year. NOT because they can't sell R1Ts, but because this is a very cost-effective way to reduce their shop inventory and thus meet production/delivery targets for the year.

The impact to the stock price (and thus their ability to finance growth next year) will be enormous if they don't meet their numbers. It seems to me like a small price to pay to push out everything they have on hand so as to meet or exceed their 2023 estimates.