Rivian Q1 2026 earnings- half came from Amazon

Perhaps the "horse" was an advocate of the sedan and convinced the Saudis'? :cool:
Obviously Tesla convinced the Saudis to prefer a sedan. It's not like Elon doesn't know them.
 
Rivian started with Amazon before the R1T/R1S. VW's $6B investment in Rivian was mostly about SW access. From my personal experience, my R1S's SW is "flawless". I am not saying it has no bugs. But the SW performed solidly and updated regularly with detailed notes. I am not a very demanding SW person. I have not encountered any problem of note on my R1S SW. In contrast, Lucid's SW drives me crazy. My R1S is 2-1/2 years old. The ONLY service I needed was the annual maintenance.

Rivian is not going to become a VW with global reach. Their specialty is delivery trucks and adventure and practical vehicles (R1T/R1S/R2, etc.). Say what you will about the boxy, non-aerodynamic, not as luxurious as BMW/Lucid cabins etc.. But Rivian's products work, virtually no maintenance, no SW issues, good service, good value and on and on. Rivian still has to make a profit. I think they will. I used to own both LCID and RIVN stocks. I sold my LCID before the reverse split. I am hanging on my RIVIN.

When people knock Rivian about its lower efficiencies when compared with Lucid's, it is fair to say that Rivian is not as efficient. People often compare the manufacturer's claims vs actual experience and data. Lucid's efficient claims are exaggerated playing angles with the EPA tests. In contrast, Rivian's (and the German EV Mfgs) are much closer to real-life performance. Yes, Lucid's efficiencies are indeed better, but in real life, the competitors are MUCH closer to Lucid than you think!

I never understood the "They're less efficient than Lucid" argument anyway. It's not like lack of efficiency has stopped Americans from making the Ford F150 the best selling ICE vehicle for ages.

People may eventually move over to EVs for efficiency over ICE, but one they get that initial huge jump in efficiency, 99% of the general public isn't going to care about the remaining few perfect difference between different EVs.

The only things most people are going to care about are

1. Does it have enough range (not caring if it's due to efficiency or battery size)
2. Does it look "cool" to them and their friends.
3. Is it reasonably reliable
4. Can they "afford" it. (For very lose definitions of 'afford' - can they at least make the payments even if it's a terrible deal)


That's it. Any automaker that's not focusing on those 4 things I think is missing the point for mass EV adoption.

The availability of self driving will eventually be a factor for the masses but I don't think it is just yet. To MOST people who are used to driving ICE anyway, it's still just a 'toy' feature.
 
Cost and range are directly tied to efficiency. Having an EV that can get 3.6 m/kw-hr vs one that gets 2.4, will require a 25% less expensive battery pack to get the same range.
True! But when one company compares its EPA rating done with one method as efficiency and range vs another company (say the Germans) that uses (a different) EPA testing and on top of that, derated their own efficiency rating to match real-life driving experience, when you compare their products, you can get discrepancies as much as 20+% between these methodologies. Therein lies the sleight-of-hand. One might argue it is "EPA's fault". Yes, it is. But good business practice should always make sure the consumers are educate and get what they thought they paid for.
 
I never understood the "They're less efficient than Lucid" argument anyway. It's not like lack of efficiency has stopped Americans from making the Ford F150 the best selling ICE vehicle for ages.

People may eventually move over to EVs for efficiency over ICE, but one they get that initial huge jump in efficiency, 99% of the general public isn't going to care about the remaining few perfect difference between different EVs.

The only things most people are going to care about are

1. Does it have enough range (not caring if it's due to efficiency or battery size)
2. Does it look "cool" to them and their friends.
3. Is it reasonably reliable
4. Can they "afford" it. (For very lose definitions of 'afford' - can they at least make the payments even if it's a terrible deal)


That's it. Any automaker that's not focusing on those 4 things I think is missing the point for mass EV adoption.

The availability of self driving will eventually be a factor for the masses but I don't think it is just yet. To MOST people who are used to driving ICE anyway, it's still just a 'toy' feature.
The thing is, efficiency isn't a dealbreaker for ICE because slight changes here and there don't make drastic changes to fuel economy. Plus, compared to the rest of the world, fuel in the United States is relatively cheaper. And also the infrastructure for both the ICE manufacturing and fuel distribution has been established for decades.

In contrast, every percentage gain of efficiency in an EV will be directly influence the size of the battery. This will then change the overall cost of the vehicle. The charging infrastructure is not as mature as the gasoline infrastructure, so range anxiety will only further be emphasized.
 
True! But when one company compares its EPA rating done with one method as efficiency and range vs another company (say the Germans) that uses (a different) EPA testing and on top of that, derated their own efficiency rating to match real-life driving experience, when you compare their products, you can get discrepancies as much as 20+% between these methodologies. Therein lies the sleight-of-hand. One might argue it is "EPA's fault". Yes, it is. But good business practice should always make sure the consumers are educate and get what they thought they paid for.
There are other threads for this. I have already asked for this thread to remain on-topic. Discussing Rivian, earnings, comparisons with Lucid, etc., are fine.

Please do not re-litigate this specific topic that has been discussed countless times on plenty of other threads on this thread any longer.
 
Yes, 900V charging is faster, and Rivian should go there. Yes, a more aerodynamic body is better. Yes, some people consider the Rivian ugly.

Again, I'd point to the (late 2025) OoS Maine to Key West 2,600+ mile challenge as "Efficiency-in-real-life". Yes, Gravity won first and second place.....and the R1S came in 5th/6th? BUT, the margin of victory (Gravity over the R1S) was about 6-7% (of elapsed time) over more than 33 hours of the race. So, is Gravity's efficient better? Absolutely! But only about 6% better, including charging time.
Wonder why Lucid sold 1300 vs Rivians 1800 in Q1 2026 , in CA, despite a 29 day stop sale?

If you create “ out of the box” good product, customers will come. Create a normal product, like anyone else, they will lose interest.

Same thing will probably happen when Cosmos comes out. R2 sales will be eaten into. I just don’t see anything “ special” about R2 engineering.
 
Wonder why Lucid sold 1300 vs Rivians 1800 in Q1 2026 , in CA, despite a 29 day stop sale?

If you create “ out of the box” good product, customers will come. Create a normal product, like anyone else, they will lose interest.

Same thing will probably happen when Cosmos comes out. R2 sales will be eaten into. I just don’t see anything “ special” about R2 engineering.
It's simple if you ask me. The product works.

More of a winning formula than trying to be the best at everything. This is why Toyota does so well. No one would call them innovative but they focus on reliability and making sure the vehicles work as expected and their sales and reputation do so accordingly.

I sense you dislike Rivian, that is fine, to each their own, but the R2 has a bright path ahead - people like boxy SUVs. Not much of that in the EV space and I don't foresee the Cosmo being that boxy. The Cosmo will likely eat more into the Model Y sales than the R2.

As for what is special about the R2 - it is touting some really good efficiency and potential reliability due to less complexity. All at a price that is attainable (not affordable for most still, if we are being honest). Just a great overall package of price, tech, performance and hopefully reliability. That is a winner in most people's book. I have a reservation for one for all those reasons.

Lucid has notoriously taken a lot more than they can chew. Love to see their ideas and push for innovation, but undeniably has led to a lot of stuff being broken along the way. Hopefully they have learned and some simplification does come with the midsize products. No one is going to be impressed with how much is promised if things don't work.
 
Wonder why Lucid sold 1300 vs Rivians 1800 in Q1 2026 , in CA, despite a 29 day stop sale?

If you create “ out of the box” good product, customers will come. Create a normal product, like anyone else, they will lose interest.

Same thing will probably happen when Cosmos comes out. R2 sales will be eaten into. I just don’t see anything “ special” about R2 engineering.
lol like the stop sale is a good thing or by choice - that was for a defect and supply chain issues. Results - Lucid sold less than Rivian in Q1. I guess you can filibuster why but sales are sales.
 
Low on loyalty rankings too. I honestly don't see the appeal. Just sort of the only product in the segment right now. Drives worse, looks worse, less efficient, less overall utility. Lucid Midsize will EAT.
 
Low on loyalty rankings too. I honestly don't see the appeal. Just sort of the only product in the segment right now. Drives worse, looks worse, less efficient, less overall utility. Lucid Midsize will EAT.
You are talking about Rivian, correct? It delivers what it promised. It is reliable. It meets its performance/efficiency specs (Lucid doesn't). Its service is good! Its SW is solid!

Is it "inferior" to Lucid when it comes to specs and claims? Perhaps! But Rivian delivers. Lucid's delivery does not match its claims!
 
I thought Rivian was quite high (#1) on customer satisfaction despite being dead last in reliability on CR. I think the cult like wannabe outdoorsy crowd would not allow themselves to admit the shortcomings of R1S. But it sure is showing up in their sales! Over half their revenue from Amazon , meaning retail customer sales are not much higher than Lucid presently, or maybe behind Lucid now?

I think R2 hits the right marks for that cult crowd. And they will sell a lot of them this year for early adopters. Once the iX3 and EX60 hit the US market, it will slow R2 sales considerably. Those two are simply much better vehicles on almost all measures except off road capability. And Cosmos should separate from all three of them.
 
I think R2 hits the right marks for that cult crowd. And they will sell a lot of them this year for early adopters. Once the iX3 and EX60 hit the US market, it will slow R2 sales considerably. Those two are simply much better vehicles on almost all measures except off road capability. And Cosmos should separate from all three of them.
Most of the potential customers care about vehicle appearance more than anything else. I think the R2 will win that contest.
 
Most of the potential customers care about vehicle appearance more than anything else. I think the R2 will win that contest.
Rivian’s looks are only part of the story, and looks play a bigger role for higher end models. Value will win over looks at mid size scale. I just look at the Toyota bzx4 being the 2nd best selling EV in the US last quarter and its looks are less than stellar.

Side by side on specs: R2 vs iX3 vs EX60 (attached) R2 is not that competitive. Launch R2 version is only $2k lower than launch iX3. That’s hard to justify on specs. And the $45k R2 model is more than a year away. So you really have to go all in that there are millions of adventure seeking, off roading families out there who would choose R2 over bmw and Volvo ( and lucid next year) because of this. I’m not sure that is going to happen beyond 2026.

 
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Rivian’s looks are only part of the story, and looks play a bigger role for higher end models. Value will win over looks at mid size scale. I just look at the Toyota bzx4 being the 2nd best selling EV in the US last quarter and its looks are less than stellar.

Side by side on specs: R2 vs iX3 vs EX60 (attached) R2 is not that competitive. Launch R2 version is only $2k lower than launch iX3. That’s hard to justify on specs. And the $45k R2 model is more than a year away. So you really have to go all in that there are millions of adventure seeking, off roading families out there who would choose R2 over bmw and Volvo ( and lucid next year) because of this. I’m not sure that is going to happen beyond 2026.

The P12 is not the EX60 starting around $60k. That will be the P10, which is closer to the R2 premium in specs. The iX3 starts where the R2 tops out, and considerable slower and a look that is divisive at best. Sure, the other two win on charging, but not as competitive on price as this graphic would suggest. A cheaper iX3 will be coming eventually as well but until specs are released for it, hard to say how much this would really affect R2 sales, if at all.

The R2 will do just fine, even with competition coming along, it is dancing with the Model Y more than the newcomers from BMW, Volvo and Mercedes. I'll add that at this price point, something as "little" as $2k does matter (though the gap will be wider) so I believe the medium premium trim of the R2 will likely remain a top seller with the Model Y.

Also, looks play a role in every price point. Come on now.
 
The P12 is not the EX60 starting around $60k. That will be the P10, which is closer to the R2 premium in specs. The iX3 starts where the R2 tops out, and considerable slower and a look that is divisive at best. Sure, the other two win on charging, but not as competitive on price as this graphic would suggest. A cheaper iX3 will be coming eventually as well but until specs are released for it, hard to say how much this would really affect R2 sales, if at all.

The R2 will do just fine, even with competition coming along, it is dancing with the Model Y more than the newcomers from BMW, Volvo and Mercedes. I'll add that at this price point, something as "little" as $2k does matter (though the gap will be wider) so I believe the medium premium trim of the R2 will likely remain a top seller with the Model Y.

Also, looks play a role in every price point. Come on now.
i never said looks don’t play a role. Of course they do. I said that looks play less of a role at this price point than value does.

How many of us paid over $100k for Air or Gravity features that aren’t here and may never arrive? We have that luxury. Mid size suv buyers have less of that luxury and will focus more on what they practically get for their investment. And if the look isn’t the sexiest, so be it. They’re still getting a BMW with amazing service options and brand equity. I think that mindset represents the majority of buyers in this segment. They won’t make the most noise on forums or social media, but they move the needle the most. This is why I think R2 sales will be great this year and hit major headwinds next year.
 
Having been an owner of a 2022 Rivian R1T Quad Motor and now a 2024 Lucid Air Touring, I have some thoughts...

From a core design and engineering perspective, Lucid does a great job. Any nitpicks I do have are software related.

Operationally is where they seem to be failing and just so happens to be where Rivian is succeeding. I am guessing a large reason for that is that Lucid, from a culture standpoint, is primarily in an upstart/growth mode with more emphasis on pushing vehicles out the door versus addressing a lot of the front facing issues that impact the customer. The problem with this, is as they grow the customer base becomes less tolerant of such things compared to the early adopter mindset.

One example would be service. I knew going ito my purchase that service would not be as readily available as other manufacturers. I am risk averse so this is okay. However, most people are not and it could be a deal breaker. On top of that, I can't imagine the amount of money being burned by Lucid for transporting cars in need of service (as well as money being handed to Enterprise for rentals) that aren't close to a service center if mobile service is not an option. Rivian, on the other hand, is already building a service center about 10 miles from my house here in WI. They know it is important, if not essential, to increase that footprint and accessibility for R2 release.
 
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Mr. Ed was wise beyond his ears...

Having been an owner of a 2022 Rivian R1T Quad Motor and now a 2024 Lucid Air Touring, I have some thoughts...

From a core design and engineering perspective, Lucid does a great job. Any nitpicks I do have are software related.

Operationally is where they seem to be failing and just so happens to be where Rivian is succeeding. I am guessing a large reason for that is that Lucid, from a culture standpoint, is primarily in an upstart/growth mode with more emphasis on pushing vehicles out the door versus addressing a lot of the front facing issues that impact the customer. The problem with this, is as they grow the customer base becomes less tolerant of such things compared to the early adopter mindset.

One example would be service. I knew going ito my purchase that service would not be as readily available as other manufacturers. I am risk averse so this is okay. However, most people are not and it could be a deal breaker. On top of that, I can't imagine the amount of money being burned by Lucid for transporting cars in need of service (as well as money being handed to Enterprise for rentals) that aren't close to a service center if mobile service is not an option. Rivian, on the other hand, is already building a service center about 10 miles from my house here in WI. They know it is important, if not essential, to increase that footprint and accessibility for R2 release.
As an owner of a 2022 AGT and 2023 Rivian R1S (Quad) Adventure, @Chezynachos's summary is on target. These differences between Lucid and Rivian, as highlighted by @Chezynachos, will be amplified 10X as Lucid moves into the mid-size. The mis-range buyers are less tolerant on bugs and ambiguity of specs, more conscientious about the cost of acquisition and ownership, proximity to service centers, availability of spare parts (fender panels, glass, wipers, lights, etc.). Furthermore, most of the mid-range buyers are dependent on their cars as the only (or vital) means of transport to their jobs or children's activities. The current status quo of Lucid's eco-system simply won't cut it!
 
Lucid is expanding international foot print, Rivian is a domestic brand so far with tech partnership with VW trying to monetize their tech globally that way.
 
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