CNBC: When are you going to be ready to show what you're working on [Mind Robotics]?
Scaringe: Less than a year.
The Verge: Level 4 functionality for your company?
Scaringe: Yeah, we've said 2028 for full Level 4.
We made a big move on the back of raised delivery forecasts and Q2 production results. The move came on heavy volume, which is encouraging. Add in the R2 SUV launch and some tailwinds from California EV incentives, and the bigger picture feels strong to me.
We are now testing a resistance level that has been in play since April. I am not saying this kills the move, but it does mean we are at a spot where we *might* see a little profit taking short term. A close above that resistance would be a real statement. If we roll over here, I'm just going to look to accumulate more for long term.
What is your read on whether this holds or pulls back from here? Personally, I don't think it matters that strongly in the short term but the stock feels like it's doing great overall compared to the broader market at the moment.
One day we will look back and be thankful for the ride
Let the games begin……..
Rivian is currently valued at 25B!
Hold on to ur shares. This is a life changing investment
Numbers are out!
produced 12,613
delivered 12,194
Delivery results topped Rivian's outlook of 9,000 to 11,000 vehicles for the quarter due to robust growth quarter-over-quarter in EDV and R1 coupled with the introduction of R2 deliveries.
the company is today raising its full year 2026 delivery guidance from 62,000 - 67,000 vehicles, to 65,000 - 70,000.
Q2 Earnings Results July 30th.
Beautiful art. I hope you enjoy.
hug hug, kiss kiss, hug hug, big kiss, little hug, kiss kiss, little kiss
I was looking through analyst ratings today.
One thing that got me thinking wasn't whether he's "right" or "wrong," but how sell-side analysts update their models.
Wall Street analysts generally don't change their ratings after every piece of news. Their models are built around assumptions about production, margins, cash flow, and long-term profitability. Usually it takes several quarters of evidence before they make major changes, especially if they're one of the most bullish or bearish analysts covering a stock.
That said, Rivian has changed quite a bit over the past year:
Ryan Brinkman still has one of the lowest price targets on Wall Street at $9, well below the current consensus.
So I'm curious:
At what point does an analyst have to acknowledge that their original assumptions may no longer reflect reality?
Is one strong quarter enough?
Does it take two or three?
Or do analysts typically wait until management proves a trend over multiple earnings reports before materially changing their models?
I'm genuinely interested in how others think analysts approach this. What milestones would Rivian need to hit before a $9 target no longer seems justified?
Hey guys, if you missed it, Rivian settled $250 million with investors over claims that it failed to disclose the true cost of producing its vehicles. And, I just found out that they’re accepting claims even though the deadline has passed.
Quick recap: In 2022, Rivian was accused of misleading investors about its vehicle pricing and production costs. In short, the company promoted its R1T pickup and R1S SUV as competitively priced electric vehicles, but investors later alleged that Rivian was losing substantial amounts of money on each vehicle sold and failed to clearly disclose how severe the cost gap was. As supply-chain issues and material costs increased, Rivian announced major price hikes that sparked customer backlash and raised concerns about the company’s financial outlook.
Now, the good news is that the company agreed to settle $250 million with them, and even though the deadline has passed recently, they’re accepting late claims.
So, if you invested in $RIVN when all of this happened, you can still check the details and file your claim here.
Anyway, has anyone here invested in $RIVN at that time? How much were your losses, if so?
R2 is going to be a success that could sell over 100,000 units per year. R3 could be a success but I’m not sure that’s a model 3 mass market vehicle.
rivian should fast track an R2T and target $35K and build smaller EDVs at $45-50K to win more delivery business.
RJ teases variants - do you think he’ll go for a roadster or sedan in the future?
Memory supply seems to be a real concern. Wondering if this will force Rivian to soften their outlook and margins for the remainder of the year/into 2027?
“Scaringe says he's excited by the consumer demand, but is worried about things he can't control.
"I think the biggest risk for R2 is actually on the supply side, and there's a lot of unknowns here," he said.
"The whole semiconductor space is gonna be quite constrained. So, by far my biggest worry about ramping R2 isn't demand. It's, you know, can we get enough parts to build cars?" he said. "We're quite nervous about global supply."