The Rivian R1T are one of the most (if not the most) highly anticipated electric vehicles truck since the unveiling of the Tesla Cybertruck, and its stock is a reflection of that. So as a followup to my previous post about the pros and cons of purchasing Rivian’s stock, perhaps this video would help validate you decision.
Now a lot has been made about how most of Rivian’s current deliveries are going to a highly controlled group of employees and that could be the case because Rivian’s headquarters is located in Irvine CA. However I’d like to think that most of Rivian’s employees are based in and around the Chicago area where their factory is located, allowing me to hypothesize that these are customer deliveries.
The last time we heard from Rivian about vehicle deliveries, a spokesperson said:
“In the consumer market, we launched the R1 platform with our first-generation consumer vehicle, the R1T, a two-row five-passenger pickup truck, and began making customer deliveries in September 2021. As of September 30, 2021, we produced 12 R1Ts and delivered 11 R1Ts, and as of October 22, 2021, we produced 56 R1Ts and delivered 42 R1Ts.”
In the event that these are employee deliveries, it still goes to prove that Rivian can deliver vehicles, albeit three that we know of and have documented video proof of so far. Hope that helps you make a better judgement call on whether to buy Rivian stock or not.