Rivian -- October 4, 2024

Locator: 48494RIVIAN.

Below the fold, posted earlier. Re-posting now with these comments:

• note the huge change in number of units as the production target: from 57,000 down to 47,000
• that's almost a 20% cut in the production target
• there were at least three problems / concerns with regard to the company's explanation for the change in the production target
• first, the explanation for the change was inadequate in detail; it was a non-answer
• second, was the company suggesting they had a mismatch in production targets for their two products? Mismanaged execution?
  
• third, "in-house" -- they blamed the problem on its own in-house motors -- the company seemed they were not suggesting there was a supply chain problem -- that's huge.
  

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Rivian: Earlier Posting

Cramer: wrong on Rivian. He's "buying" the company's "due to a (single) part availability."

• but he does admit he really doesn't know. He appears to be talking his book when it comes to Rivian.  
• Link here. 
• The company said the lower production target — down from 57,000 units to between 47,000 and 49,000 — was because of a “production disruption due to a shortage of a shared component” for its R1 vehicles and commercial van.
• Rivian spokesman said the component causing the problem is part of its in-house motors, but he declined to disclose any further details.

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• I am inappropriately exuberant about the US economy and the US market.
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• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.