4,401 Rivians Were Produced in Q2 - Per RJ Scaringe

[Redline]

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[R1Sky Business]

Any clue how many of those are Vans?

 

[DJG]

Any clue how many of those are Vans?

I doubt they've made more than 100-200 vans that were actually put into service and not test vehicles. They were still tinkering as of last month.

 

[Yellow Buddy]

Did they skip vins? I thought the VIN was up to 88xx.

Works out to 338/week, 48/day, projected at current historical rate of 17,500-18,000/year.

 

[virgnia_rivian]

From CNBC:

Rivian said in a statement that it produced 4,401 of its electric R1T pickups and R1S SUVs in the quarter and that 4,467 vehicles were delivered to customers in the period.

By comparison: Ford Motor said Tuesday that it sold 1,837 of its electric F-150 Lightnings in June and that it has sold 2,296 in total since beginning production in late May.

https://www.cnbc.com/2022/07/06/rivian-says-its-still-on-track-to-build-25000-evs-in-2022.html

 

[virgnia_rivian]

Any clue how many of those are Vans?

None. Those are just R1 numbers.

 

[crashmtb]

Did they skip vins? I thought the VIN was up to 88xx.

Works out to 338/week, 48/day, projected at current historical rate of 17,500-18,000/year.

The vins are sequential and include pilot production.

 

[DJG]

None. Those are just R1 numbers.

The CNBC article can't necessarily be assumed to be 100% accurate. It wouldn't be a shock if they weren't even aware of the vans, and assumed when RJ says vehicles he means the only two they were aware of. The only official statement I've seen from Rivian is the tweet, which just says vehicles.

That said, there haven't been a significant number of vans either way.

 

[CommodoreAmiga]

Did they skip vins? I thought the VIN was up to 88xx.

Works out to 338/week, 48/day, projected at current historical rate of 17,500-18,000/year.

That is just Q2 production. Adding in Q1 production (and what they produced in 2021H2, the numbers make sense.

 

[Ripped]

Somewhat positive

 

[virgnia_rivian]

The CNBC article can't necessarily be assumed to be 100% accurate. It wouldn't be a shock if they weren't even aware of the vans, and assumed when RJ says vehicles he means the only two they were aware of. The only official statement I've seen from Rivian is the tweet, which just says vehicles.

That said, there haven't been a significant number of vans either way.

Directly from Rivian’s SEC filing today:
https://sec.report/Document/0001874178-22-000038/ex-9912q22deliveryproducti.htm

You are correct in that their filing does not differentiate, however I’ve only seen reports of a few hundred vans being completed. They continue to reaffirm the 25k total number, which must mean they have the parts for a significant ramp in Q3/4. It will also be interesting to see if they end up with more than 15k R1 vehicles, which was their previous guidance.

 

[Dirty_B]

Did they skip vins? I thought the VIN was up to 88xx.

Works out to 338/week, 48/day, projected at current historical rate of 17,500-18,000/year.

I think you need to update your math for work week. I thought they were manufacturing 6hrs/day, 5 days a week. So that's more like mid 60 vehicles/day, and they said they were going to do 100/day? Someone check my facts here pse.

 

[Sharpobjects4321]

I think you need to update your math for work week. I thought they were manufacturing 6hrs/day, 5 days a week. So that's more like mid 60 vehicles/day, and they said they were going to do 100/day? Someone check my facts here pse.

they are nowhere near running their lines 6 days a week (they have saturday shifts) I believe they now average 2-3 shifts a week where they fully run the lines. the other times they are idle.

 

[ironpig]

They need to raise prices and pump out more trucks. Idle lines are never good signs.

Let's hope they work out the supply issues sOOn.

 

[nc10]

Quarter by quarter summary, Q3/Q4 needs to average ~ double the rate of Q2 to hit the year end target. 25K still seems a long ways away. I"m no longer hoping they can beat (fixed typo) 25k by much, but hopeful they can meet their target. Something to be said for doing what you say you are going to do if Rivian can get to 25K.

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