Rivian was the first to put out an all-electric pickup truck with production of the R1T. The company also showed immense investment upside having gone public with one of the largest initial public offerings since Facebook. The promising auto manufacturer has had its fair share of losses since its inception, though. For example, shares of Rivian stock was initially offered at $78 USD, but has fluctuated to over $180 to where, at the time of this writing, sits at just under $30. While the stock market is down as a whole overall, there have been setbacks unique to Rivian. Most recently recently, a plant fire, and further delays of the R1S SUV.
Rivian R1S Production Delays: The Details
Delays seem to be commonplace these days for any automaker. Chip shortages and supply chain issues have really bottle-necked production for auto manufactures in general, not just Rivian. With that being said, it’s still frustrating as a buyer to have to be put on hold for Rivian’s new R1S which has seen expected delivery dates pushed back as far as the end of the year.
A thread posted on Rivian Forums shows that an email was sent out to order holders explaining their new delivery window will be based on customers’ pre-order date, delivery location and current configuration. They also mentioned that those in close proximity to a service center will be prioritized among others, in an effort to ensure the “full ownership experience.” Rivian cites supply chain complications as the main culprit for the delay. According to some members of the forum they’re being delayed but not as far as the end of the year so it appears to be a case by case basis as to when you will actually take delivery of your R1S.
On top of delays, a small injury free fire broke out in the battery repair shop at the main Normal Illinois assembly plant last month, forcing an evacuation. According to Carscoops this is the third fire in the past seven months the plant has dealt with.