📊 Q3 2022 Rivian Production Stats: 7,363 Built and 6,584 Delivered

[Prime]

Supposedly a 3rd shift is coming on line s00n, hope build quality doesn't get any worse....

They said starting some time October right?

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[Gavinmcc]

2 to 4 to 7 = 11
+2, +3, +4

They should just make it. I'm not sure when they added the second shift, but I think it was fairly recent.

I am hoping to be one of the 11k made in Oct-Dec

 

[RexRemus]

They said starting some time October right?

if that is the case, then actually it's quite likely they would hit 10-11k in Q4 if the parts come in fast enough. They would only need modest gains over the current 2 shift output to do it - meaning if the existing staff could pump out 500-600 more vehicles than current (around 4200 each), and the 3rd shift could do half that or slightly more - they'd be there.

 

[atebit]

Supply chain issues could be as much/more of a factor than efficiency. No doubt that will figure prominently in their annual report.

 

[manitou202]

Assuming they hit 11k in Q4 and 15k in Q1 2023, they could easily be on track to produce 60k+ vehicles in 2023.

That's looking pretty promising.

 

[RexRemus]

Assuming they hit 11k in Q4 and 15k in Q1 2023, they could easily be on track to produce 60k+ vehicles in 2023.

That's looking pretty promising.

And given current numbers that actually looks like a quite feasible ramp - again, it all comes down to can they get the parts that fast, but assuming they can, that seems like a really impressive first full year of production, leading into a significantly better 2nd one

 

[zipzag]

Going from 7k to 100k in Q4 would indeed, be impressive

What I've learned from Elon is that the big lie is the way to go

 

[kizamybute']

I just loaded up on another $20,000 in stocks today. After hours trading shows over $2.00 increase after this news. Hope it holds.

 

[NY_Rob]

Supposedly a 3rd shift is coming on line s00n, hope build quality doesn't get any worse....

They said starting some time October right?

I thought they said November, but I'm not 100% sure of that.

Let's just say 3rd shift starting s00n

 

[R1Sky Business]

Looks like I might be one of them! Just got off the phone with my Guide. Truck is in Normal, and should know EOW if it ships. I’m in the bay area CA, so 4 weeks by train followed by QA …

Winning !!!!

 

[R1Sky Business]

Supply chain overall is really improving. Shipping costs from China are much less than a year ago. So Rivian may finally have predictability in receiving parts. I assume actual assembly has never been the bottleneck.

Ging from 7K to 100K in Q4 should normally be very doable. They have been at for a year.

Finally, good news

 

[Sully151]

Rivian increased production 67% in Q3 to 7,363 vehicles. To hit its target of building 25K vehicles this year, it will need to increase production 45% in Q3 to at least 10,687 vehicles.

Easy Peasy. Just think of all the time they are saving by removing one magnet and the 12v in the Frunk.

 

[Bee]

I think the market is going to forgive them missing the 25,000 unit mark by a few thousand units, especially if they can convincingly make it all about raw battery materials. This stuff doesn't happen in a vacuum and while they're missing the mark by a few thousand units they're inking deals for guaranteed sales and appear to be making impressive inroads in commercial applications.

In my head the answer of what will be acceptable is "anything over 20k, delivered" and that news won't impact its market cap at all.

 

[nc10]

it will need to increase production 45% in Q3 to at least 10,687 vehicles.

Put it on a chart, so its pretty much guaranteed now.

 

[Guy]

I don’t recall seeing any news of a third shift. They just started a second shift and are at about 15% of capacity of the factory so a third shift is not needed at this time.

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