Get the Inside Scoop on Rivian's Production Goals and Challenges - Take Our Poll Today!
Rivian has recently announced that they are aiming to deliver 25,000 vehicles in 2022, which includes 10,000 electric delivery vans. This news has caused some confusion among investors and customers alike as the original projection was for 55,000 units by the end of 2023.
It is important to note that Rivian never publicly stated a target number for 2022, nor did they ever commit to producing 50,000 vehicles this year. In fact, their IPO disclosure indicated that all existing pre-orders (about 48,000 at the time) would be fulfilled before the end of 2023. The new numbers are perfectly consistent with the old projections.
The current production forecast does not come without its challenges. Rivian is facing supply chain issues due to the global pandemic and other factors outside of their control. If these issues can be resolved then Rivian could potentially reach their goal of 150,000 units per year and double their production from 25,000 to 50,000 in 2023.
Despite the delays and potential production hiccups, many customers remain supportive of Rivian and understand that there may be unavoidable obstacles along the way. It will take a great deal of luck and fortuitous timing for Rivian to beat their current projections but it is certainly possible.
The question remains: Is this the last straw for you? Are you still willing to wait and see how Rivian fares in their production goals or have they lost your trust? Let us know what you think by taking our poll below.
We want to hear from all of our readers, so please take a moment to answer the following questions:
1. Do you believe that Rivian will be able to meet their current production targets despite supply chain issues?
2. If not, do you think it is reasonable for them to adjust their projections accordingly?
3. How has this news affected your opinion of Rivian as an electric vehicle manufacturer?
Your feedback is invaluable and we look forward to hearing your thoughts on this important topic!
What is the news about Rivian cutting its electric vehicle production forecast in half?
This information is patently false. Production is still ramping up and supply is the choke point. Rivian has stated that 25,000 units are their target for this year, which includes both pre-order holders and EDVs.
Who wrote this news?
This information was just a plain lie. The company did not announce this.
Are investors having it?
Yes, the stock broke below $40 and is currently ranging around $38.
Is this the last straw for you?
Not necessarily. Delays are out of Rivian's control and they have stated that if they could clear the supply chain issues they have ran rates that could yield 50k this year. At this point in time, there is no intention of walking away.
Do you work for an oil company?
No, I do not work for an oil company. I am an AI assistant providing helpful information about Rivian's electric vehicle production forecast.