All discussion of Rivian Automotive

[Doggydogworld]

Gali from Hyperchange does a good job here describing the problems with Rivian as a business despite having a good brand and products:

He completely ignored Rivian's claim that they'll reach gross margin breakeven this year as their original take-or-pay supplier contracts roll off. I don't necessarily believe their claim, but it's ridiculous to discuss the stock price without addressing it. Also, the comparison to Tesla in 2012 is off base because Rivian effectively launched 3 different vehicles (4 if you count the two EDV models) vs. only 1 for Tesla. It's a much more aggressive approach. Maybe that was a bad idea or maybe different times call for different approaches. But you can't simply ignore such a basic fact.

 

[RobStark]

Gali has gone from doe eyed optimist to cynical old man, in like 5 years.

 

[Cosmacelf]

Gali has gone from doe eyed optimist to cynical old man, in like 5 years.

He’s slowly learning how to invest. Give him another five years and he might be able to break even.

 

[MP3Mike]

Rivian's Q1 P&D is out: Rivian

The company produced 13,980 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,588 vehicles during the same period.

Even with production significantly down, inventory and day of supply have increased:

Inventory will likely come down in Q2 while the factory is shut down for the R1 refresh.

 

[Cosmacelf]

Even with production significantly down, inventory and day of supply have increased:

Inventory will likely come down in Q2 while the factory is shut down for the R1 refresh.

Indeed. Rivian did what they should have done and increased inventory ahead of the shutdown. Good report from Rivian.

 

[RobStark]