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No doubt that's important, but the primary reasons are Analysts' ratings/stock price. It's always about the money. And even if they only make some token deliveries to customers of the R1S next month, it's better for the stock price than NO deliveries. They are trying to change the narrative from Rivian can't produce to ... Rivian is starting to get their act together.Rivian producing a small number of R1S struck me as odd. The best reason I can think of is that they want this model out in the wild and reviewed before the market get more crowded. Is there an alternate primary reason?
Not quite sure what you mean, don't see what is odd by starting R1S production.Rivian producing a small number of R1S struck me as odd. The best reason I can think of is that they want this model out in the wild and reviewed before the market get more crowded. Is there an alternate primary reason?
Ah, I thought Rivian was originally starting R1S production in 2023. But as a later reservation holder I wasn't paying close attention.Not quite sure what you mean.
Rivian has always stated that R1S deliveries would follow R1T deliveries by 2-3 months. I think they have too many customers expecting R1S's to not start production and show progress. Rivian says right now they can make vehicles at a 50k/year pace. Assuming that is not just a EDV capability, ie applies to both production lines, they can run the R1T/S line twice as fast as they can get parts for trucks/suv's. This allows them, hypothetically, to start making R1S's without impacting the overall number of vehicles made each month even if the initial R1S rate is slower than the current R1T rate.
From a 1000 miles away, I guesstimate R1S production will ramp up the next few months trending upwards at a little faster pace that R1T production ramped up late last year and in Q1. I'd predict/hope approaching 700-1200 each R1T and R1S per month by August? Hopefully sooner, but I doubt supply chain and startup problems will allow a faster ramp up.
Rivian was never starting R1S production in 2023. The R1S has always trailed the R1T by a few months in Rivian's "projected" roadmap, but it was slated to begin production by the end of last year.Ah, I thought Rivian was originally starting R1S production in 2023. But as a later reservation holder I wasn't paying close attention.
The likely stellar R1S review should bring in a new group of preorders. I wonder what ratio of S to T Rivian expects.