Q4 2024 Gross Profit of $170M for Rivian

[Dark-Fx]

RJ is a great mind when it comes to engineering. Just not what’s needed for Rivian. They need someone more experienced in business ops and management.

There’s less and less demand for very expensive trucks. Yet, RJ and Rivian continue to release trucks with ever increasing prices.

Someone is definitely not seeing beyond the Rivian walls.

You're only here to say negative things about Rivian and RJ. Take a hike.

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[Dark-Fx]

Being “everything to everybody all at once” is a far cry from making a few adjustments to sell a little more than 50k/year across three vehicles. Wall Street was only expecting 55k vehicles and Rivian is guiding below that. It’s the main reason the stock is taking a hit right now.

Rivian has a plant shutdown later this year for more than an entire month, both R1 and RCV/EDV lines. That's part of the reason for the reduced guidance.

 

[Gentilly7]

Even at their lower guidance they are selling a decent amount of vehicles at that price point. The simple fact is the market for 70k+ cars is small. Everyone knows that, yet are surprised by this.

You’re acting like their guidance went to 50 cars this year when it’s not too far from last year. With an administration hostile to EVs that will probably remove the tax incentives a lower guidance is realistic, and will be the same for every EV manufacturer.

The R1 was never intended to be the demand driver for the brand and the 150k unit capacity is the factory production limit not the intended manufacturing target.

The market for $70k - $90k vehicles is a lot bigger than the market for $90k - $110k+. Imagine what the ceiling will go to when the quad is released.

Remember, it’s not just me “acting” like the lower volume is a disappointment. It’s Wall Street that’s most disappointed by it and sees it as a demand problem. That’s why the stock is taking a beating.

I also understand the difference of production limits and manufacturing targets. But at some point, if the delta is a 100k car a year difference, Rivian should make a decision to reallocate capacity.

 

[Gentilly7]

You're only here to say negative things about Rivian and RJ. Take a hike.

You remind me of the early days of Tesla and their cult of Elon followers LOL. Don’t get your panties in a bunch bruh.

 

[Dark-Fx]

You remind me of the early days of Tesla and their cult of Elon followers LOL. Don’t get your panties in a bunch bruh.

You don't read much of my posts, I don't blame you. I'm critical of Rivian when it's deserved. To say RJ is a bad businessman because they have a lower target in an economy where it's difficult to sell such expensive vehicles, is asinine. Especially when that target is being reduced so they can retool parts of the plans they need to for R2 production, that lower cost vehicle you say they so sorely need.

That retool is why I didn't think they'd actually pull R2 forward into production at Normal far before they announced it. But today's economic environment seems to be getting worse, so overall it was probably the correct choice. The month long pause isn't going to hurt Rivian as much as I had anticipated back then.

 

[Gentilly7]

You don't read much of my posts, I don't blame you. I'm critical of Rivian when it's deserved. To say RJ is a bad businessman because they have a lower target in an economy where it's difficult to sell such expensive vehicles, is asinine. Especially when that target is being reduced so they can retool parts of the plans they need to for R2 production, that lower cost vehicle you say they so sorely need.

That retool is why I didn't think they'd actually pull R2 forward into production at Normal far before they announced it. But today's economic environment seems to be getting worse, so overall it was probably the correct choice. The month long pause isn't going to hurt Rivian as much as I had anticipated back then.

I never said RJ was a bad businessman. You must have me confused with someone else.

I agree, it’s much better to lower production than to sit on expensive inventory and struggle to move it at steep discounts.

 

[Zoidz]

Being “everything to everybody all at once” is a far cry from making a few adjustments to sell a little more than 50k/year across three vehicles. Wall Street was only expecting 55k vehicles and Rivian is guiding below that. It’s the main reason the stock is taking a hit right now.

What "few adjustments" do you suggest would make the vehicle "more compelling"?

 

[captainjp]

What "few adjustments" do you suggest would make the vehicle "more compelling"?

 

[Gentilly7]

What "few adjustments" do you suggest would make the vehicle "more compelling"?

Less options that inflate the price. Any paint color other than silver is $1,750 - $3k. Only one paint option below $2k. That’s pretty high even by luxury SUV standards. The sound is not great but it’s an option to make it slightly better for $1,750. If you want the large pack that little better sound will cost $2,500 because now it’s bundled with a dynamic frosted roof. At this price point and low volume of production, why not just put great sound in all models?

Most controversial, do they really need a Tri and a Quad? I’m sure some will be offended if they bought one or the other but how much more can you charge for the quad? Even more so, how many more will you sell at that price? Not saying quad shouldn’t exist. I’m questioning if both Tri and Quad need to exist for such low production numbers.

Another controversial one - my personal opinion is the standard pack range is too low. Sure it’s fine for some that occasionally do short roadtrips. In R1S spec, you throw a few options on it and you are at $80k for an SUV that will only go an average of 200 miles or less between charging stops. Not so bad for an electric car priced like a Model Y, but for an adventure SUV pushing $80k? A lot of buyers will opt for ICE alternatives over that.

 

[captainjp]

Less options that inflate the price. Any paint color other than silver is $1,750 - $3k. Only one paint option below $2k. That’s pretty high even by luxury SUV standards. The sound is not great but it’s an option to make it slightly better for $1,750. If you want the large pack that little better sound will cost $2,500 because now it’s bundled with a dynamic frosted roof. At this price point and low volume of production, why not just put great sound in all models?

Most controversial, do they really need a Tri and a Quad? I’m sure some will be offended if they bought one or the other but how much more can you charge for the quad? Even more so, how many more will you sell at that price? Not saying quad shouldn’t exist. I’m questioning if both Tri and Quad need to exist for such low production numbers.

Another controversial one - my personal opinion is the standard pack range is too low. Sure it’s fine for some that occasionally do short roadtrips. In R1S spec, you throw a few options on it and you are at $80k for an SUV that will only go an average of 200 miles or less between charging stops. Not so bad for an electric car priced like a Model Y, but for an adventure SUV pushing $80k? A lot of buyers will opt for ICE alternatives over that.
[/QUOTE
Base model standard dual is under $70k

 

[Gentilly7]

Base model standard dual is under $70k

Base model R1S is $75,900. And that drops the EPA range down to 258 miles.

 

[captainjp]

Base model R1S is $75,900. And that drops the EPA range down to 258 miles.

Base model R1T

 

[captainjp]

“Most controversial, do they really need a Tri and a Quad? I’m sure some will be offended if they bought one or the other but how much more can you charge for the quad? Even more so, how many more will you sell at that price? Not saying quad shouldn’t exist. I’m questioning if both Tri and Quad need to exist for such low production numbers.”

Controversial?
To whom?

 

[Gentilly7]

“Most controversial, do they really need a Tri and a Quad? I’m sure some will be offended if they bought one or the other but how much more can you charge for the quad? Even more so, how many more will you sell at that price? Not saying quad shouldn’t exist. I’m questioning if both Tri and Quad need to exist for such low production numbers.”

Controversial?
To whom?

To all the people that bought a Tri or Quad that get offended. It’s a very sensitive bunch on this forum.

 

[Gentilly7]

Base model R1T

Well, a TRD Pro hybrid I-Force Max Tacoma starts at $63k. $70k also gets you into a much larger Silverado ICE with some options. In fact, I think the Silverado EV LT is like low $70k before the tax credit, with 400 mile range.

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