R2 mass production will start on a single shift, with expansion to two shifts expected by end-2026. The Normal plant's 'North Star' target is to reach 4,000 units/week profitably.
The key inflection for volume comes in Q4 2026. GPM is set to inflect then as well.
+6We are highly confident in R2 demand. The order backlog is substantial.
2026 sales guidance beats expectations
+4It is expected that the R2 model will achieve positive gross profit by the end of 2026.
Successfully climbed out of the second quarter loss mire
+3In the third quarter, the Normal factory will shut down for 3 weeks to prepare for the mass production of R2.
Car Sales Profit Margins Plummet
+3$Rivian Automotive(RIVN.US) released its Q1 2025 earnings report after the U.S. market closed on May 6, 2025. Key takeaways: 1) Strong Q1 performance with revenue beating expectations: Total revenue reached $1.24 billion, significantly surpassing market expectations of around $1 billion, with a $250 million positive surprise. The beat was driven by both automotive revenue (exceeding expectations by $160 million) and software service revenue (exceeding by $100 million). 2) Gross margin reached low double-digit levels...
+2About 95% of the materials for R2 have been confirmed for procurement, with an estimated cost of about half of the BOM cost of the second-generation R1 model
