FORTUNE: Inside Rivian’s year from hell

[Rivian_Hugh_III]

Article out today — Inside Rivian’s year from hell: How the EV-truck maker stumbled despite billions in cash, Amazon’s backing, and the 6th-largest IPO in U.S. history

Apple News link: https://stocks.apple.com/APo6ZV68fTqmG6I_7AnEvfA

Paywall link: https://fortune.com/2022/11/07/rivian-truck-electric-stock-ipo-recall/

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[electruck]

this piece is the equivalent of a band's greatest hits album. nothing new, just a rehash of every Rivian headline from the past year. yeah, they're having growing pains. is anyone really surprised?

 

[AdamsFan1983]

Can anyone circumvent paywall for me? Thanks

 

[electruck]

Can anyone circumvent paywall for me? Thanks

second link using browser's reader view did it for me.

 

[R1Tom]

Imma holding till moon or bust. And in the meantime....shredding Pirellis...and giggling each and everytime.

 

[jasazick]

I think the article should be "against the backdrop of a pandemic and insane supply chain issues, Rivian continues to amaze"

But I guess negativity sells better.

 

[AdamsFan1983]

second link using browser's reader view did it for me.

Thanks; and I agree. Nothing burger with clickbait headline.

They are right that expectations are high going into the next 6-8 months. They really need to start executing.

 

[Count Orlok]

what a terrible story. If it was hell Rivian would have hit its original production goals.

 

[zipzag]

The headline is ridiculous. Doesn't change that Rivian's market cap even today is unjustifiable. Rivian may be horrible as an investment, but as a company they are doing as well as anyone could do in the real world.

 

[Guy]

Thanks; and I agree. Nothing burger with clickbait headline.

They are right that expectations are high going into the next 6-8 months. They really need to start executing.

Completely agree but it sounds like they have a 50k target based on the delivery dates given. This is conservative given they should be close to a 50k run rate on their December production numbers. They should get to 75k unless supply chain is still hitting them hard.
Financially they need Normal to be operating close to full capacity in 2024.

 

[Dark-Fx]

The headline is ridiculous. Doesn't change that Rivian's market cap even today is unjustifiable. Rivian may be horrible as an investment, but as a company they are doing as well as anyone could do in the real world.

This is just a market manipulation article to get the market to make a move before earnings tomorrow. It should be ignored.

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