Rivian's After Hours Jump and Bright Future: A Q3 Earnings Report Roundup

Rivian's After Hours Jump and Bright Future: A Q3 Earnings Report Roundup
Rivian Q3 Earnings: Everything You Need To Know (NASDAQ:RIVN) | Seeking Alpha

Rivian’s Third Quarter 2022 Earnings Conference Call saw the stock jump back to the $30 range in after hours trading. The company reported 114k back orders and a projected 25,000 vehicles for 2022, with 75,000 for 2023 and 100,000 for 2024. Rivian also mentioned their move to LFP batteries, which could make the small pack on the R1 more appealing due to its ability to be charged to 100% on a frequent basis.

The conference call was met with some disappointment as there were no questions about the Max or about the split between the R1 & EDV production numbers. However, there was mention of an “R1P” in the transcript that may have been a typo. Additionally, there was no answer to a question regarding possible vertical integration of battery production.

Rivian’s roll out of Amazon delivery vans has seen good momentum and if they secure a deal with another major company, it could further boost the stock. There is also a shift in those who know who Rivian is, which is beneficial for all investors.

Overall, investors have faith in this company and it will be exciting to see what happens to the stock once it starts becoming profitable. With 114k reservations already sold, Rivian’s future looks bright.

The company has also made strides in the autonomous driving space, with their partnership with Aurora. This could be a game changer for Rivian and could help them become a leader in the autonomous driving space.

Rivian’s Q3 earnings call was an overall success and investors are optimistic about the future of the company. The stock is up and it looks like Rivian is on track to meet its goals for 2022. With the move to LFP batteries, Amazon delivery vans, and autonomous driving partnerships, Rivian is well positioned for success in the coming years.

It will be interesting to see how the stock performs over the next few quarters as Rivian continues to make progress on its goals. Investors should keep an eye on the company and watch for any news that could affect the stock price. With so much potential, Rivian could be a great investment opportunity for those looking to get in early on a promising company.

What happened to Rivian's stock after the Q3 Earnings Call?

The stock jumped back to the $30 range in after hours trading.

What was discussed during the Q3 Earnings Call?

Topics discussed included global headwinds, Rivian's performance, supply chain issues for 2023, lithium batteries, vertical integration of battery production, second shift production, R1P, LFP packs, orders for 114,000 R1T's and 100,000 EDV's, Amazon delivery vans, and Rivian's brand awareness.

How many vehicles will Rivian produce in 2022?

Rivian is projected to produce 25,000 vehicles in 2022.

How does Rivian's production compare to Tesla's first full production year?

Rivian is projected to produce 75,000 vehicles in 2023 compared to Tesla's 22,000 Model S's produced in their first full production year and 50,000 in their second.

What could move the stock once it starts becoming profitable?

News on deliveries from Amazon and other major companies could move the stock once it starts becoming profitable.

What are the benefits of using LFP batteries?

Benefits of using LFP batteries include lower cost, efficiency, and charge cycles. They also have a longer life span and are safer than other types of batteries.

What is Rivian's vertical integration strategy?

Rivian's vertical integration strategy involves producing their own battery cells, modules, and packs in-house. This allows them to control costs and quality while reducing the time it takes to get vehicles to market.

How has Rivian been able to reduce production costs?

Rivian has been able to reduce production costs by utilizing their own supply chain, leveraging their expertise in software engineering, and utilizing advanced manufacturing techniques. They have also invested heavily in automation and robotics to increase efficiency.

What is the significance of the second shift production?

The second shift production will allow Rivian to double their production capacity and help them meet demand for their vehicles. It will also help them reduce costs by allowing them to spread out fixed costs over a larger number of vehicles.

What is the significance of the Amazon delivery vans?

The Amazon delivery vans are significant because they represent a major customer for Rivian and demonstrate the company's ability to produce high-quality vehicles on a large scale. The vans also provide an opportunity for Rivian to showcase their technology and gain brand recognition.