Rivian Q2 2024 Production & Delivery Numbers Announced

[virgnia_rivian]

9,612 Vehicles Produced in Q2 2024 (Keep in mind factory shut down for Gen 2 improvements)
13,790 Sold in Q2 2024

In line with Rivian's expectations. Still on target for 57,000 production in 2024.

https://rivian.com/newsroom/article/rivian-releases-q2-2024-production-figures

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[Rad_ry]

Pretty impressive production numbers given the nearly 1/3 downtime and the need to ramp up following the restart of production.

 

[Semibruce]

It's interesting that the entire factory was shut down for retooling, but I don't recall seeing anything about improvements/cost cutting for EDVs.

 

[MidnightRivian]

Increased deliveries

 

[CharonPDX]

It's interesting that the entire factory was shut down for retooling, but I don't recall seeing anything about improvements/cost cutting for EDVs.

They'd been making line improvements for EDV as they went. The currently shipping EDV is noticeably different from the early-shipped ones. (Notably, they were the first vehicle to move to the Rivian-designed motors.)

 

[foxerson]

It's interesting that the entire factory was shut down for retooling, but I don't recall seeing anything about improvements/cost cutting for EDVs.

I thought RJ quoted a 35% reduction in cost of materials for EDVs during a media factory tour a couple weeks ago.

 

[Scoiatael]

Good to hear. Now make my R1S already

 

[Mark_AZR1T]

I was pleasantly surprised and so was the market.....these people are starting to get some traction......

 

[Rivian Head]

Good to see Rivian reaffirming its projection numbers. Still 57,000 yearly production is merely 3 % of Tesla’s projected number. A long hill to climb, but Rivian will survive for awhile with the recent VW cash support

 

[michelin]

They'd been making line improvements for EDV as they went. The currently shipping EDV is noticeably different from the early-shipped ones. (Notably, they were the first vehicle to move to the Rivian-designed motors.)

Makes sense, the feedback loop should be easier to process with a large customer - and they also have the capacity to handle unexpected issues better. Whereas as an individual consumer, if your vehicle needs to be recalled...

 

[Cascadian]

Good to see Rivian reaffirming its projection numbers. Still 57,000 yearly production is merely 3 % of Tesla’s projected number. A long hill to climb, but Rivian will survive for awhile with the recent VW cash support

Tesla reported 21,551 for S, X and CT for Q2.

Compared to that similar market segment it looks a lot better.

 

[vandy1981]

(Notably, they were the first vehicle to move to the Rivian-designed motors.)

Also the first to get an LFP battery, I think. They seem to be using the EDV/ECV as a test bed for new components, which makes sense.

 

[savethemanual]

Tesla reported 21,551 for S, X and CT for Q2.

Compared to that similar market segment it looks a lot better.

Yes, much better when looking only at comparable price points and might even make a profit this year yet. R2 is going to be their Model 3 moment Tesla had.....can't come soon enough!! I don't think Tesla even made a profit until the high volume 3...but don't know for sure. I'm sure someone on here will chime in.

 

[SANZC02]

Yes, much better when looking only at comparable price points and might even make a profit this year yet. R2 is going to be their Model 3 moment Tesla had.....can't come soon enough!! I don't think Tesla even made a profit until the high volume 3...but don't know for sure. I'm sure someone on here will chime in.

Actually Tesla did not have their first profitable year until 2020 after the Model Y was released.

Edit: That was 8 years after the Model S started shipping and 12 years after the first Roadster was delivered.

 

[Honey]

Good to hear. Now make my R1S already

For real, i don't want to wait until 2025 for the quad ascend

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