SANZC02
Well-Known Member
- First Name
- Bob
- Joined
- Feb 11, 2021
- Threads
- 50
- Messages
- 7,426
- Reaction score
- 12,718
- Location
- California
- Vehicles
- Tesla Model S, LE - R1S
- Occupation
- Retired
It is interesting that people are so hard on Rivian’s progress.
The only recent company really out there to compare progress to is Tesla. Rivian beat Tesla’s year 1 production, if they hit 50k this year, it is year 2 for Rivian, Tesla did not hit 50k until year 3. (Only counting full year (Tesla 2013, Rivian 2022) not the partial year they started)
Tesla had no competition or supply chain issues, they only had funding issues.
Rivian could not have found a worse time to start production if they tried. They have to weather Covid shutdowns, worst supply chain issues in decades, runaway inflation, raising interest rates, possible recession around the corner, closest to potential of WWIII in 60 years.
They have developed very compelling vehicles in the R1 series and the EDVs, they seem to have a decent plan for the more commodity level R2 platform with streamlined manufacturing and margins as a high priority and with focus on desirable form factors. They are still growing quarter by quarter, they are also still focusing on longer term and working their plan.
I do not know how this will all turn out, I had enough confidence in their vision and business plan to purchase stock with a 5 year goal and spend 80k on a vehicle. I have not lost faith yet and am still optimistic about the possibilities.
I guess time will tell…
The only recent company really out there to compare progress to is Tesla. Rivian beat Tesla’s year 1 production, if they hit 50k this year, it is year 2 for Rivian, Tesla did not hit 50k until year 3. (Only counting full year (Tesla 2013, Rivian 2022) not the partial year they started)
Tesla had no competition or supply chain issues, they only had funding issues.
Rivian could not have found a worse time to start production if they tried. They have to weather Covid shutdowns, worst supply chain issues in decades, runaway inflation, raising interest rates, possible recession around the corner, closest to potential of WWIII in 60 years.
They have developed very compelling vehicles in the R1 series and the EDVs, they seem to have a decent plan for the more commodity level R2 platform with streamlined manufacturing and margins as a high priority and with focus on desirable form factors. They are still growing quarter by quarter, they are also still focusing on longer term and working their plan.
I do not know how this will all turn out, I had enough confidence in their vision and business plan to purchase stock with a 5 year goal and spend 80k on a vehicle. I have not lost faith yet and am still optimistic about the possibilities.
I guess time will tell…
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