Investor Day 2024 Live! Gen 2 range figures and other findings

[zipzag]

Will have up to 215k production capacity in Normal, looks like they anticipate R1 reaching a growth cap of 65k:

65K is about what Land Rover sells in the U.S.

I think bidirectional charger is the wall unit.

Needs an inverter. The wall unit is just a fancy extension cord

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[DuoRivians]

I’m excited that Rivian projects EBITDA positive in 2027, and that after the cash from the VW deal, Rivian may not need to raise any more cash!

That’s a pretty big deal

 

[Canthoney]

And that’s a wrap! Ton of info revealed! Please contribute anything I missed!

 

[GamoraR1S]

Anybody catch that they mentioned Retina displays in R2? Isn‘t that patented by Apple?…

do you know the time stamp on when that was talked about?

 

[Biturbowned]

do you know the time stamp on when that was talked about?

Around 1 hr 12 min into the presentation

 

[mkhuffman]

No margin per vehicle numbers for 2024 production?

I’m excited that Rivian projects EBITDA positive in 2027, and that after the cash from the VW deal, Rivian may not need to raise any more cash!

That’s a pretty big deal

Sorry to disagree, but 2027 is a long way off. We need to know how much profit margin is contributed (or removed) per vehicle produced this year. And next year, but they know how much it costs to produce a R1 today, so is a negative contribution or positive? And how much?

 

[Biturbowned]

No margin per vehicle numbers for 2024 production?




Sorry to disagree, but 2027 is a long way off. We need to know how much profit margin is contributed (or removed) per vehicle produced this year. And next year, but they know how much it costs to produce a R1 today, so is a negative contribution or positive? And how much?

Per Barrons: “Rivian generated about 86,000 per vehicle sold, while it spends about $124,000 building the cars.”
RJ and Claire have stated they expect a similar order of magnitude improvement going from gen 1 to gen 2 as they did on the revised EDV, which was ~35% reduction. If you use a 35% reduction to produce the car, you get a cost of $80,600 per vehicle. If the average transaction price is $86k, there would be profit. Lots of ifs, but we’re in the ballpark.

 

[Sgt Beavis]

I don't hate it but I think a better option would have been to have Gary running.

 

[Hillbilly]

Gen1 battery housing looks like a ladder frame. I wonder if the Gen1 has more structural rigidity.

 

[GreenOptimist]

Gen1 battery housing looks like a ladder frame. I wonder if the Gen1 has more structural rigidity.

RJ stated multiple times that Gen 2 is more rigid interestingly.

 

[Hillbilly]

RJ stated multiple times that Gen 2 is more rigid interestingly.

Need to smash a few and find out. Gen1 seems crush proof.

 

[GreenOptimist]

Need to smash a few and find out. Gen1 seems crush proof.

Gen 1 was seemingly over built. Very curious about Gen 2 crash tests and if it’s different at all.

 

[DaveA]

At one point, he showed how much more steel they switched to for different panels and parts. Thought that was interesting.

 

[ja_kub_sz]

350Miles for quad is great!

350 miles G2 Ascend Quad Conserve?

301 miles G1 Quad in Conserve.

I'm somewhat disappointed the Hummer EVT now gets 381 miles in it's top trim spec, with other trims having lower performance and range.

My Hummer EVT build is 124k, my Tri R1T build is 105k. So for Ascend Quad, I would be surprised if it's base price is less then 115k for R1T and 120k R1S.

I'm now torn on which ultimately I'll be getting, since price will be the same in top trim specs. Maybe Tri motor is the way to go?

Rivian R1T is "faster", but Hummer EVT is larger, rear steer, and has a larger bed.

 

[Armeniandave]

Disagree with them on the service centers. Here is San Diego they have one and no plans for another. My R1T has been there for 19 days now with a minimum of 5 more if I'm lucky. If they do not address the service delays quickly then people will not buy into Rivian or buy another Rivian.

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