There's zero chance this project will be done prior to 2027/2028. Rivian's logical choice would be to hunker down and save money for 2 years, and weather the storm of low R1 sales (for 2+ years!) until their R2 line comes to fruition in their cost saving Illinois plant strategy. The only way this stock stays alive is massively cutting costs with this factory being the first head on the chopping block. They'll string the state of Georgia along for minimum 2 years, until they have enough capital/confidence from 2026 R2 sales, but the question is, will the state rescind this land offer in the meantime? Would be catastrophic for probably both parties involved. Probably more for Rivian. The only way I see the Georgia plant producing its first vehicle prior to 2028 would be if they land another gigantic "Amazon" sized commercial vehicle sale. Which I would not say is likely.
There's zero chance this project will be done prior to 2027/2028. Rivian's logical choice would be to hunker down and save money for 2 years, and weather the storm of low R1 sales (for 2+ years!) until their R2 line comes to fruition in their cost saving Illinois plant strategy. The only way this stock stays alive is massively cutting costs with this factory being the first head on the chopping block. They'll string the state of Georgia along for minimum 2 years, until they have enough capital/confidence from 2026 R2 sales, but the question is, will the state rescind this land offer in the meantime? Would be catastrophic for probably both parties involved. Probably more for Rivian. The only way I see the Georgia plant producing its first vehicle prior to 2028 would be if they land another gigantic "Amazon" sized commercial vehicle sale. Which I would not say is likely.
That is a lot of water, why is it staying wet all the time?