Tons of Amazon vans at factory. Drone view

[DuoRivians]

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[MidnightRivian]

1869

 

[SANZC02]

Looks like Amazon owes Rivian a lot of cash. Looks like at least 3k to me.

 

[Twitter Fingers]

Amazon doesn't ingest EDV's during Q4 holiday season.. that's quite the build up

 

[Zeusy Zeus]

Well now we know why the margins are in the toilet ?

 

[Killer95Stang]

Could be a tax thing for Amazon... like can't take delivery before Jan 1st...

 

[SANZC02]

There are at least 15 white vans in there as well, probably for mobile service.

 

[Count Orlok]

I'll take a couple

 

[DuoRivians]

Could be a tax thing for Amazon... like can't take delivery before Jan 1st...

Holiday season is too busy to introduce a new vehicle

 

[AllInev]

It’s great to see the production output, but something about that many waiting for delivery makes me uncomfortable as a small investor.

 

[COdogman]

Remember Amazon picks up their vans from Rivian, unlike our vehicles that ship out. I’m sure Amazon is kinda busy this week

 

[SANZC02]

It’s great to see the production output, but something about that many waiting for delivery makes me uncomfortable as a small investor.

Yes, it looks like a lot but working the numbers it is less than 3 weeks of production at max throughput. Their capacity is 65k a year, that is 1250 a week, even running at half capacity that is like a month of production.

My understanding is the contract with Amazon requires them to build for stock to have availability when Amazon is ready, not sure what those numbers would be though.

 

[DuoRivians]

It’s great to see the production output, but something about that many waiting for delivery makes me uncomfortable as a small investor.

Amazon doesn’t take deliveries during busy holiday season. Was mentioned on last Rivian earnings call

 

[VSG]

Amazon buys these FOB origin, so the vehicles in that lot are considered "delivered" because Amazon has taken title to them. All these are paid for, and all these are sold at a profit.

Rivian has demonstrated the ability to produce the vans faster than Amazon needs them, which is why the announcement that the exclusivity deal was ended is such a big thing. This image just shows that Rivian has ramped its van production way up, and is well on top of production for Amazon. Amazon will be accepting 100k vans in the long run, which is a stable source of income for Rivian over the next 5 years or so - well beyond when the Georgia factory is finished and the R2 starts shipping.

2024 is looking very promising for Rivian. The RCV/commercial sector has always been a large part of the business plan, which is often overlooked by people focusing on the consumer R1 platform.

 

[DuoRivians]

Amazon buys these FOB origin, so the vehicles in that lot are considered "delivered" because Amazon has taken title to them. All these are paid for, and all these are sold at a profit.

Rivian has demonstrated the ability to produce the vans faster than Amazon needs them, which is why the announcement that the exclusivity deal was ended is such a big thing. This image just shows that Rivian has ramped its van production way up, and is well on top of production for Amazon. Amazon will be accepting 100k vans in the long run, which is a stable source of income for Rivian over the next 5 years or so - well beyond when the Georgia factory is finished and the R2 starts shipping.

2024 is looking very promising for Rivian. The RCV/commercial sector has always been a large part of the business plan, which is often overlooked by people focusing on the consumer R1 platform.

Plus, fleet mgmt software subscription on each van sold

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