Rivian Deliveries Pushed to 2022

Rivian has started notifying customers that they will need to wait a bit longer to receive their vehicles.

Rivian has sent notifications that lay out delivery windows for the “Launch Edition” that range from March to September. It’s reasonable to assume that the company’s less-pricey “Adventure” and “Explore” packages will also be pushed to the second half of 2022.

While Rivian has started production of its all-electric R1T pickup, few have been delivered. The R1S SUV was expected to go into production next month, but it is not clear if that will be the case.

Rivian currently operates a single factory in Normal, Illinois and is reportedly looking for a second factory location. 

Early reviews of the R1T pickup have been strong. And investors have been supportive, as the company’s recent IPO gave it a market capitalization of $100 billion.

 

[Ogre]

Looks like a lot of cancellations today. Big price bump for reservations. And a lot of complaining online.

I can imagine.

I will be very irritated if the Cybertruck price goes up, but I only plopped $100 down. Imagine if you put down $1000 3+ years ago and are only now getting told your price is raising. Particularly since they are only just barely cranking out the first few trucks after a year of delays.

 

[RobDickinson]

Rivian Announces Dual Motor And Smaller Battery Options; Hefty Price Increases

We examine the announcement that Rivian plans to introduce dual-motor versions of the R1T and R1S as well as onerous price increases for its current offerings.

insideevs.com

20% price increases..

 

[Ogre]

Looks like they introduced dual motor , standard aka lower range to Mach that old price. What a scammers

I’m with you… but bookmark that thought until we see if they maintain the Cybertruck pricing.

I’m not convinced they will increase them… but not convinced they will hold either.

 

[Ogre]

Rivian Announces Dual Motor And Smaller Battery Options; Hefty Price Increases

We examine the announcement that Rivian plans to introduce dual-motor versions of the R1T and R1S as well as onerous price increases for its current offerings.

insideevs.com

20% price increases..

A mere 17%… even less than that if you optioned up.

I jest… mostly.

If you got the adventure pack, all terrain tires, Extra Large battery, and a decent paint color, it’s only a 13% price increase.

 

[Ralbright]

Yep…. Likely canceling my order.

But if you think the prices of the cybertruck won’t be much higher you’re delusional

 

[Ogre]

Yep…. Likely canceling my order.

But if you think the prices of the cybertruck won’t be much higher you’re delusional

If Cybertruck prices go up 17% they are still tolerable compared to ICE trucks, many of which have also gone up.

Ultimately that’s what Tesla‘s goal with the Cybertruck was, to have prices competitive with ICE.

 

[Ralbright]

If Cybertruck prices go up 17% they are still tolerable compared to ICE trucks, many of which have also gone up.

Ultimately that’s what Tesla‘s goal with the Cybertruck was, to have prices competitive with ICE.

My guess is the initial cybertruck will be somewhere around 90-100k. Most definitely more then their comparable ICE counterpart.

 

[RobDickinson]

It'll be a quad motor plaid version and 90-100k seems likely

 

[Ogre]

My guess is the initial cybertruck will be somewhere around 90-100k. Most definitely more then their comparable ICE counterpart.

When they announced it, the 500 mile range Cybertruck was $2k more than the quad motor Rivian. My suspicion is they will end up in that ballpark or less.

Tesla has some massive cost advantages over Rivian.

Regardless… saving any worry about this until it hits. No point getting frustrated by something which might not happen. Then I just end up frustrated twice… with the expectation, and late with the reality.

 

[240W]

dang, 20% increase on EARLY reservation holders? Would've been nicer if they threw in a bone for early reservations. Like price hike for orders after this date....

 

[RobDickinson]

Rivians initial plan was to ship in 2020 and have sold what 30-40k or so by now?

 

[Zorg]

If Tesla increases prices by 20%, that'd be $84K for the 500 miles version, and crazily enough, it'd be considered a steal in this supply constrained environment.

 

[Ogre]

Rivians initial plan was to ship in 2020 and have sold what 30-40k or so by now?

End of 2020, so production ramp during 2021. They are roughly a year behind schedule. Longer if you consider how slow their ramp has been.

 

[Ogre]

dang, 20% increase on EARLY reservation holders? Would've been nicer if they threw in a bone for early reservations. Like price hike for orders after this date....

It’s a 12-17% increase.

Early reservation holders may well have their trucks configured already and a price locked in. It’s a fixed increase of $12k.

EDIT: OOPS.. Nope.

 

[RobDickinson]

IN some cases its over 20% depends on your spec., They have removed options from configs you also need to add back in etc.

 

[ShelJW]

Has Tesla raised their prices in the past on reservation holders?

I put in my reservation on the Model Y on Nov. 4th. Nov. 5th, Tesla raised the price $1,000, and eight days later, another $1,000.

But being I had a reservation; they honored the price it was at when I put down my reservation.

Does anyone know of a situation where someone had a deposit down on a Tesla, and Tesla raised the price afterwards?

Just wondering....

 

[240W]

On all the newer orders, people are locked in at lower price UNLESS they changed their configuration (switch colors, wheels, etc).

 

[Ogre]

Buddy who had his config “Locked”, says he got an email and prices are going up.

 

[RobDickinson]

Has Tesla raised their prices in the past on reservation holders?

No, they have cancelled SKU's entirely (rwd model Y and plaid+) and refunded deposits but never that

 

[Ogre]

Has Tesla raised their prices in the past on reservation holders?

Umm. Mostly no?

Some unpopular/ unprofitable configurations have gotten eliminated which resulted in people having to spend more.

I don’t think we’ve seen anything like this.