$Rivian Automotive, Inc.(RIVN)

Backlog was reported at 114,000 R1 vehicles in November 2022. Backlog seems empty now after about 71,000 vehicles were sold including an estimated 11,000 EDV. Why did sales of 60,000 R1 consume a 114,000 reported backlog plus all the orders since Rivian stopped reporting their backlog 14 months ago. Demand seems very weak and lower prices are needed to stoke demand but their costs appear to be too high to make a profit at lower prices. Seems like a recipe for a financial disaster.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":269091647528968,"tweetId":"269091647528968","gmtCreate":1706720814941,"gmtModify":1706720820950,"author":{"id":9000000000000582,"idStr":"9000000000000582","authorId":9000000000000582,"authorIdStr":"9000000000000582","name":"GabrielleSusan","avatar":"https://static.tigerbbs.com/765c9daae36bd47c3c2192e4245c8d47","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":21,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/4a6659e06743592229c666a8ffa68c9d","width":"350","height":"277"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/4a6659e06743592229c666a8ffa68c9d","width":"350","height":"277"}],"html":"<html><head></head><body> <a data-mention-id=\"RIVN\" class=\"teditor-mention\" data-mention-name=\"Rivian Automotive, Inc.\" href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a> <v-v data-views=\"0\"></v-v>Backlog was reported at 114,000 R1 vehicles in November 2022. Backlog seems empty now after about 71,000 vehicles were sold including an estimated 11,000 EDV. Why did sales of 60,000 R1 consume a 114,000 reported backlog plus all the orders since Rivian stopped reporting their backlog 14 months ago. Demand seems very weak and lower prices are needed to stoke demand but their costs appear to be too high to make a profit at lower prices. Seems like a recipe for a financial disaster.<img src=\"https://community-static.tradeup.com/news/4a6659e06743592229c666a8ffa68c9d\" tg-width=\"350\" tg-height=\"277\"></body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"RIVN\" class=\"teditor-mention\" data-mention-name=\"Rivian Automotive, Inc.\" href=\"https://ttm.financial/S/RIVN\">$Rivian Automotive, Inc.(RIVN)$</a> <v-v data-views=\"0\"></v-v>Backlog was reported at 114,000 R1 vehicles in November 2022. Backlog seems empty now after about 71,000 vehicles were sold including an estimated 11,000 EDV. Why did sales of 60,000 R1 consume a 114,000 reported backlog plus all the orders since Rivian stopped reporting their backlog 14 months ago. Demand seems very weak and lower prices are needed to stoke demand but their costs appear to be too high to make a profit at lower prices. Seems like a recipe for a financial disaster.<img src=\"https://community-static.tradeup.com/news/4a6659e06743592229c666a8ffa68c9d\" tg-width=\"350\" tg-height=\"277\"></body></html>","text":"$Rivian Automotive, Inc.(RIVN)$ Backlog was reported at 114,000 R1 vehicles in November 2022. Backlog seems empty now after about 71,000 vehicles were sold including an estimated 11,000 EDV. Why did sales of 60,000 R1 consume a 114,000 reported backlog plus all the orders since Rivian stopped reporting their backlog 14 months ago. Demand seems very weak and lower prices are needed to stoke demand but their costs appear to be too high to make a profit at lower prices. Seems like a recipe for a financial disaster.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/269091647528968","repostId":0,"isVote":1,"tweetType":1,"viewCount":220,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["RIVN"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":431,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/269091647528968"}