Rivian R1T production rate ramps to 180 units in October

Last month we reported on Rivian’s shockingly low R1T production rate, which as of October 22, 2021 had amounted to just 56 electric trucks.

That worked out to a rate of just 1.47 R1Ts per day since production began on September 14, 2021

In a new regulatory filing related to the company’s upcoming initial public offering (IPO), it appears they were able to substantially increase that rate over the final days of October.

According to ‘Amendment No. 2 to Form S-1’ filed with the U.S. Securities and Exchange Commission (SEC) on November 1, 2021, there were able to manufacture 124 R1Ts from October 23 to October 31, 2021, for a total of 180 R1Ts produced.

That’s an improvement to 15.5 units per day.

As of September 30, 2021, we produced 12 R1Ts and delivered 11 R1Ts, and as of October 31, 2021, we produced 180 R1Ts and delivered 156 R1Ts. 

As noted in the document, “nearly all of these vehicles” were delivered to employees. The company didn’t provide a timeline on when deliveries will expand to regular customers, but did say thplan to deliver 1,200 R1Ts, and 25 R1S electric SUVs before the end of 2021.

Nearly all of these vehicles were delivered to Rivian employees, and we expect to ramp deliveries to third-party customers as we increase our production rate. By the end of 2021, we intend to produce approximately 1,200 R1Ts and 25 R1Ss and deliver approximately 1,000 R1Ts and 15 R1Ss.

Despite their choice of wording to say “nearly all” of the vehicles have been delivered to employees, we have yet to see reports of a non-Rivian employee receiving a R1T.

Rivian continues handing over R1T electric trucks to employees, still no customer deliveries

You can read the full filing here.

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