Gary Black Pegs Rivian's Lower Deliveries To Van Production: 'Amazon Can Only Take So Many'
Portfolio Pulse from Anan Ashraf
Gary Black, Future Fund Managing Partner, suggests Rivian's Q4 delivery shortfall is due to increased production of electric delivery vans (EDVs) for Amazon, which can only accept a limited number during the holiday season. Despite producing 17,541 vehicles, Rivian delivered only 13,972. Black also notes that interest in Tesla's Cybertruck could benefit Rivian as they are a close competitor in the EV truck segment.
January 03, 2024 | 4:23 am
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Rivian's Q4 delivery numbers were lower than production due to Amazon's limited intake of new vans during the holiday season, which may cause short-term concern among investors about demand and logistics.
The delivery shortfall is attributed to Amazon's limited capacity to take on new delivery vans during the holiday season, not a decrease in demand for Rivian's R1 vehicles. This situation is likely temporary and may not significantly impact investor sentiment in the short term. However, it does highlight potential logistical challenges that could affect future delivery numbers.
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IMPORTANCE 75
RELEVANCE 90