Rivian Preorders: Understanding Production Capacity and Timeline Estimates Before Placing an Order

Rivian has recently reported that they expect to fill their preorder backlog of 55,400 R1 vehicles by the end of 2023. They are currently producing 8% of their target rate of 1,310 R1 vehicles a week and have e-mailed customers with timeline estimates for non Launch Edition vehicles before the first of the year.

However, it is important to note that many original preorder holders may not stick around until they take delivery due to increasing availability of BEV trucks from other manufacturers. RJ said on the earnings call Dec 16th that an order placed then would be delivered in 2023, but if this turns out to be 2024, some may opt to switch to another manufacturer's truck.

Overall, Rivian is making progress towards fulfilling preorders, however there is still uncertainty surrounding when exactly those who place orders now will receive their vehicles. It is important for potential buyers to understand that they may be waiting 2-3 years or more for their vehicle, so they should consider all options carefully before placing a preorder.

Rivian has also announced that they will be taking preorders for the R1T and R1S in 2021. This is great news for those who missed out on the original launch edition preorder window, as it gives them another chance to get their hands on a Rivian vehicle. However, there are still some questions surrounding how many vehicles will be available and when exactly these orders can be placed.

It is likely that Rivian will prioritize existing customers first before opening up new orders, so those interested should keep an eye out for announcements from Rivian regarding availability of additional vehicles. It's possible that we could see more information about this soon given recent reports of increased production rates at their Normal facility in Illinois.

In addition to increasing production capacity, Rivian has also been expanding its network of service centers across North America with plans to have over 100 locations by 2022 or 2023 depending on demand levels and customer feedback from early adopters. This expansion should help ensure timely delivery of parts and services needed by owners once they take delivery of their vehicles later this year or next year if all goes according to plan!

Overall, while there may not yet be any concrete details about when new preorders can begin being taken or how many units might become available through such a program - it looks like things are moving along nicely at Rivian HQ which bodes well for potential buyers looking forward to getting behind the wheel sometime soon!