Rivian’s on track to deliver 25,000 vehicles in 2022 – if they can produce 10,000 more in Q4

The Rivian R1T pickup truck and R1S SUV are the best looking and have exceptionally great ride handling for an EV on the market today. So I’m a little baffled why only 7,363 of its R1T truck and R1S SUV were built, and only 6,584 were delivered at the end of Q3. In total, 14,317 vehicles have been built, leaving roughly another 10,000 to go to meet the company’s goal of 25,000 cars produced for 2022.

Rivian R1S SUV

Q3’s earnings report comes out later this month, but based on Q2’s reported loss of $1.71b and with the updated projected loss of $5.45b in a total loss for the year, shareholders should brace for another bad news to come. That said, I would suspect Rivian’s loss is due to spending a large amount of cash in the war chest to ramp up production.

Rivian R1T and R1S

The R1T pickup truck pricing starts at $73,000, while the R1S SUV is $78,000. Both EVs have all-wheel drive, go from 0-60mph in 3 seconds, can tow up to 7,700 lbs, and are powered by a 128.9 kWh battery pack suitable for the 314-mile EPA range.

More Articles for You

BYD’s New Five-Minute Charging Is Four Times Faster Than Tesla’s

Electric car giant BYD has recently announced that it is installing electric vehicle (EV) chargers with a maximum output of …

Nissan Showcases New Models To Show Its Potential In Face Of Failed Partnership

Nissan yesterday showcased a bold array of new and refreshed models, along with next-generation technologies set to debut during FY25 …

Jaecoo’s New 6-Seater J8 SUV Teased In Malaysia

To further reinforce its lineup in Malaysia, Jaecoo will soon debut its flagship and fourth model, the J8. Two versions …

New Jaecoo 6 Debuts In Thailand Ahead Of Malaysia Launch

Just launched in Thailand, the Jaecoo 6 is a sharp-looking fully electric SUV that is destined for Malaysian showrooms inside …

New Chery Tiggo Cross Teased At Bangkok Motor Show, Appears Headed To Malaysia

Following its launch in Indonesia last month, the Chery Tiggo Cross—also known as the Chery Tiggo 4 Pro elsewhere—is making …

McLaren’s Piastri Wins F1 Race In China As Two Ferraris Are Disqualified

Picking up his third career victory in F1, Australian Oscar Piastri won the Chinese Grand Prix with a dominant drive …