Justin B

<p>Agreed, it's hard to compare to Tesla considering <a href="/symbols/nasdaq-tsla">$TSLA</a>'s multiple revenue sources, so perhaps comparing to GM and Ford is better. On this basis its interesting the markets view that Rivian is $29b when compared to approx $45b of Ford and GM...The markets love growth, but the price of this growth is a bit expensive for me.</p>
<p><img src="/public/uploads/2022/10/1664854387941125117936.png" alt="Rivian RIVN statistics vs rest of the automanufacturers" /></p>
<p><a class="mention-user" href="/flightdoc">@flightdoc</a> - reminds me of the early days of <a href="/symbols/nasdaq-tsla">$TSLA</a>...so much speculation!!</p>

<p>Solid growth, albeit off a small base but the QoQ manufacturing ramp-up is impressive. The most pleasing thing for me is that they remain a US-based automaker. Their pathway to growth will look a lot different to Tesla considering that <a href="/symbols/nasdaq-tsla">$TSLA</a> had the early mover advantage, so I agree Steve, I think the Amazon tie-up will work well for them in the early stages. China isn't nearly as attractive to Rivian as it was to Tesla considering the rapidly growing local EV manufacturing sector, so where do they turn to next?</p>

Steve Willis

<p>Encouraging signs they are starting to ramp up...but geez, still many years away from justifying it's lofty $29billion market cap. I understand the temptation to see this as another Tesla, but it has a long way to go and I do wonder if they will become just another Auto company...The Amazon investment does make it a little intriguing, which I suspect is what's keep the SP at it's lofty highs.&nbsp;</p>

<p>Rivian <a href="https://www.sec.gov/Archives/edgar/data/1874178/000187417822000053/ex-9913q22deliveryproducti.htm">announced</a> a 67% bump in cars produced in Q3 to 7,363 when compared to the previous quarter of 4,401.</p>
<p>The EV manufacturer confirmed it remains on track to produce 25,000 vehicles in 2022.</p>
<p><em>"These figures remain in line with the company&rsquo;s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided."</em></p>
<p>Rivian has produced a total of 14,307 so far in 2022 at an average QoQ growth rate of 69%.&nbsp;</p>
<p><strong>Q1 2,553</strong><br><strong>Q2 4,401 </strong>(72% growth)<br><strong>Q3 7,363 </strong>(67% growth)<br><br>If Rivian maintains its average growth, it should achieve a Q4 production of approx.14,400 vehicles and a yearly production volume of approx 28,000 vehicles.</p>
<p><img src="https://stcred.com/public/uploads/2022/10/1664850230478732803656.png"></p>
<p>Here's an interesting look at their production facility in Illinois, US.</p>
<p><iframe style="width: 652px; height: 367px;" title="YouTube video player" src="https://www.youtube.com/embed/yA1IV8SADkA" width="652" height="367" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="allowfullscreen"></iframe></p>
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Rivian delivers 67% QoQ growth in cars produced