Q2 2024 will be "messy" says RJ. Confirms NACS adapters now shipping

[Nano]

Just broke. https://electrek.co/2024/05/30/rivian-rivn-warns-messy-q2-talks-r2-tesla-nacs/

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[Nano]

The good news is RJ said the NACS adapters are shipping now. I look forward to seeing mine hopefully before year end? I am Vin 19XXX

 

[peytonrg]

I will be a shit show of a quarter. More depreciation, no revenue for a month while paying the cost of labor and keeping the lights on in the factory, and RJ said very few refresh vehicles will be sold

 

[emoore]

I’m sure Wall Street will freak out and we will probably get a Musk tweet about Rivian going bankrupt.

 

[Jeep Addict]

No surprises, that guidance was "baked in" on price from the last call. What will be a "mess" is if we hear about some unexpected non unit cost variances, or there's a delay with sales of refreshed models, or a miss on unit cost improvements.

 

[djsider2]

"After Rivian began shipping R1 owners Tesla NACS adaptors last month, Scaringe said there was a shortage, but “those are shipping now.” "

I don't think we've seen confirmation that it has resumed...

 

[Blueassassin]

I wonder if Elon buys RVN stock after he makes those tweets?

 

[COdogman]

The good news is RJ said the NACS adapters are shipping now. I look forward to seeing mine hopefully before year end? I am Vin 19XXX

They have said they will start with the earliest owners so end of year should be possible depending on how many they have access to.

 

[UnsungZero_OldTimeAdMan]

To me it's non-news to anyone who's been following the company. "Messy" is a given based on knowledge of shutdown and changes made to make the product 30% more efficient to make as well as substantively more competitive. But, of course, it's the low hanging fruit for media, casual observers and detractors.

NACS adapter shipping isn't news either. We already know some have shipped and in accordance with their previously communicated "starting in April" timeframe. The big unanswered question is at what rate per month and whether drama at Tesla has any impact.

 

[CharonPDX]

I will be a shit show of a quarter. More depreciation, no revenue for a month while paying the cost of labor and keeping the lights on in the factory, and RJ said very few refresh vehicles will be sold

They have revenue. They built up stock of vehicles to sell. That's why they're still offering various specials and why there are ready-to-receive vehicles in the Shop.

 

[ADVNOW]

The good news is RJ said the NACS adapters are shipping now. I look forward to seeing mine hopefully before year end? I am Vin 19XXX

I'm Vin 03xxx still waiting.

 

[SeaGeo]

I'm Vin 03xxx still waiting.

get in line, I'm in front of you twice. lol.

Tesla botched the adapter rollout. Not much else there is to say about that.

 

[André]

To me it's non-news to anyone who's been following the company. "Messy" is a given based on knowledge of shutdown and changes made to make the product 30% more efficient to make as well as substantively more competitive. But, of course, it's the low hanging fruit for media, casual observers and detractors.

NACS adapter shipping isn't news either. We already know some have shipped and in accordance with their previously communicated "starting in April" timeframe. The big unanswered question is at what rate per month and whether drama at Tesla has any impact.

Messy production numbers were expected because of the shut-down… but messy deliveries could be much worst than expected. A lot of people are probably waiting for the refresh before committing and even with huge discounts on inventory, bad deliveries was not expected but only a short term issue as long as the refresh is available in all trims quickly and create a good momentum.

 

[runningdenver]

After hours RIVN stock price is pretty much flat, so seems markets weren't surprised.

 

[UnsungZero_OldTimeAdMan]

Messy production numbers were expected because of the shut-down… but messy deliveries could be much worst than expected. A lot of people are probably waiting for the refresh before committing and even with huge discounts on inventory, bad deliveries was not expected but only a short term issue as long as the refresh is available in all trims quickly and create a good momentum.

I don't think that's what RJ was referring to. When talking to investor types, it's strictly production and delivery numbers. Not the nature of deliveries.

After hours RIVN stock price is pretty much flat, so seems markets weren't surprised.

And tomorrow a janitor calls in sick, the stock tumbles. Because it's just that irrational.

I'm Vin 03xxx still waiting.

All those in waiting, get to know the risks and just get a A2Z or Lectron in the meantime and be done with the matter. It doesn't hurt to have a backup once the official one arrives.

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