Apparently Rivian’s part shortage is that it didn’t order enough wire from a company that’s been making it since 1896.

7 Comments

1. 

   this_for_loona 15 hours ago

   I find it interesting that they would rather scale back production than overpay for a supply chain mistake fix. On the one hand they are being cost conscious. On the other hand, demand isn’t so strong that they feel they can justify the bigger expense….

   Edit for typo.

2. 

   eexxiitt 15 hours ago

   Ingenious spin to cover up softening demand. Set it up so they can blame production rather than blame a lack of demand.

   Add: they produced 13k and sold 10k. People honestly believe if they produced 16k they would’ve sold more? lol

3. 

   ibeelive 13 hours ago

   Isn’t this a nothingburger? If I’m understanding correctly they made a mistake with their order and bought 20% less wire. This isn’t a show stopper.

   It’s a one-off and as long it doesn’t repeat then they’ve learned their lesson and keep growing. Sucks for this quarter but luckily time marches on.

4. 

   Percolator2020 11 hours ago

   They learned nothing from the Ea-Nasir kerfuffle.

5. 

   Scooter-Jones 11 hours ago

   Oh my bad guys. It was my fault, because Ford bought up all the wire so they could put a mile of extra cable in my MME. Just for bragging rights, I believe.

6. 

   BandPassedNoise 8 hours ago

   Feels like an intentional move as an excuse for weak demand, since they’d ultimately have to reduce production quantity or price somehow

7. 

   kenypowa 6 hours ago

   It’s all the wire’s fault that they managed to barely sell 10k cars after producing 14k.

   Also, found the guy responsible for the copper wire debacle: https://www.youtube.com/watch?v=hs5oLYiB2Cg