Rivian Automotive Narrowly Misses 25,000 Electric Truck Production Target

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  • #42067
    Truman
    Participant

    One of the first CEOs from the electric vehicle industry to weigh in on the $430B Inflation Reduction Act passed by Congress includes new rules governing the electric vehicle industry legislation was Rivian Automotive’s (RIVN) R.J. Scaringe who took the long view on the upside.

    The most dramatic is that the current $7,500 EV tax credit will be replaced by incentives designed to bring more battery and EV manufacturing into the U.S.

    “I think with regards to the Inflation Reduction Act, this is, as I commented earlier, this is a really important step and I think it’s great for the acceleration of electrification and really providing a path to a carbon-neutral economy. Now in terms of what that represents for us, it’s certainly a powerful tailwind… The incentives are quite strong, the consumer-facing incentives at over – at $40,000. So the – we see this as really helping to drive a rapid transition to electric vehicles in the commercial space.”

    #42068
    Truman
    Participant

    Audi not qualifying could help RIVN in the luxury end

    • This reply was modified 1 year, 6 months ago by Truman.
    #45009
    TradersCom
    Keymaster

    Rivian Automotive (RIVN) Pre-market 34.73 +2.84 (+8.91%)

    Reported Q3 production of 7,363 vehicles, deliveries of 6,584 vehicles, and says it remains on track to deliver on its 25,000 annual production guidance — SEC Filing

    #41965
    Super Harley
    Participant

    Electric truck developer Rivian Automotive reported it built 24,337 electric vehicles in 2022, narrowly missing its annual target of 25,000 as it ramp
    [See the full post at: Rivian Automotive Narrowly Misses 25,000 Electric Truck Production Target]

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