Only 25000 Rivians to be built this year.

[Sgt Beavis]

From today's letter to investors:
https://assets.rivian.com/2md5qhoea...844f1e7/Rivian-Q4-2021-Shareholder-Letter.pdf.

Over the course of fiscal year 2022, we plan to remain focused on ramping up production of both the R1 and RCV lines in Normal, as well as investing in our technology and product portfolio for future growth. We believe that throughout 2022, the supply chain will be a fundamental limiting factor in our total output for the Normal Factory and that our manufacturing equipment and processes would have the ability to produce enough vehicles to deliver over 50,000 vehicles across our R1 and RCV platforms in 2022 if we were not constrained by our supply chain. Our confidence comes from the demonstrated performance of our processes and equipment which is in line with our expectations. Despite this, due to the supply chain constraints currently visible to us, we believe we will have sufficient parts and materials to produce 25,000 vehicles across our R1 and RCV platforms in 2022. We continue to work with suppliers and look for engineered solutions to help us combat any anticipated supply chain issues.

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[stickyfingers]

I better be in that 25k.

 

[Sdvictor]

I wonder if our original delivery dates were based on the 50k estimate, or if it was more conservative when quoting timeframe? I wonder what our updated delivery dates are now......

 

[ironpig]

I better be in that 25k.

did you order an amazon van?

 

[stickyfingers]

did you order an amazon van?

with the gas prices the way they are I should have.

 

[Forager]

Sending Amazon their contracted 10k for 2022 leaves 15k for R1. Which works out to an average of 300/week.

 

[Texasrivian]

Hopefully this allows them to update the Rivian to the 800v architecture and bi directional capabilities when I take delivery in 2024 for my R1S

 

[hilld]

But since they are blaming supply shortages, I guess it also matters which items are more constrained, items destined for the R1x or the RCV. That is probably the deciding factor on the actual delivery mix.

 

[Guy]

I wonder if our original delivery dates were based on the 50k estimate, or if it was more conservative when quoting timeframe? I wonder what our updated delivery dates are now......

They had said at the end of last year that the 71k preorders should be delivered by end of 2023. The assumption was c.20k this year and 50k next year. Hopefully this is correct so not much impact on delivery windows.

 

[Sgt Beavis]

But since they are blaming supply shortages, I guess it also matters which items are more constrained, items destined for the R1x or the RCV. That is probably the deciding factor on the actual delivery mix.

It's mostly chips and batteries. The RCV very likely uses a lot fewer chips.

 

[Taycanfrank]

So really more like 7-12k R1Ts/R1Ss. Rivian has yet to meet a promise so if they're projecting 15k it's quite unlikely they hit it.

They're nowhere near a 15k pace right now and it's March w/ global shortages likely to get much worse before they get better.

 

[bd5400]

It's mostly chips and batteries. The RCV very likely uses a lot fewer chips.

RJ stated on the call that batteries are not a constraint for production right now.

 

[Scoiatael]

I wonder if our original delivery dates were based on the 50k estimate, or if it was more conservative when quoting timeframe? I wonder what our updated delivery dates are now......

I'd say yes. I have July/Sept 2022 estimate, 0% chance that happens now.

 

[smiesguy]

So like 10K R1T's and 5K R1S this year?

 

[Craigins]

I was hoping for 20k R1 and 10k edv. Looks like they are a little short on the R1. Should cover the Launch Editions at least!

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